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आधिकारिक सूचनाOfficial AnnouncementFinancial Analysis
4 Nov, 2026
ग्रामीण विकास लघुवित्त: प्रथम त्रैमासिक वित्तीय विवरण

ग्रामीण विकास लघुवित्त: प्रथम त्रैमासिक वित्तीय विवरणGrameen Bikas Laghubitta: Q1 Financial Results

वर्ग:Category:
Financial Analysis
प्रकाशित मिति:Published:
Published on November 4, 2026

ग्रामीण विकास लघुवित्त वित्तीय संस्था लिमिटेड

GRAMEEN BIKAS LAGHUBITTA BITTIYA SANSTHA LIMITED

'नेपाल राष्ट्र बैंकबाट 'घ' वर्गको इजाजत प्राप्त संस्था'

UNAUDITED CONDENSED STATEMENT OF FINANCIAL POSITION

As on Quarter ended 31st Ashoj 2083

Unaudited Condensed Statement of Financial Position

As on Quarter ended 31st Ashoj 2083

Figures in NPR

PARTICULARSThis Quarter EndingImmediate Previous Year Ending
ASSETS
Cash and cash equivalents737,445,141671,614,487
Statutory Balances and Due from Nepal Rastra Bank324,035324,035
Placement with Bank and Financial Institutions--
Derivative Financial Instruments--
Other Trading Assets--
Loans and advances to MFIs & Cooperatives--
Loans and advances to customers14,966,321,29514,727,712,205
investment securities2,025,0002,025,000
Current tax assets194,025,545218,519,819
Investment property--
Property and Equipment85,619,87373,845,797
Goodwill and Intangible Assets1,250,6381,490,235
Deferred Tax Assets491,237,615479,872,301
Other assets224,274,807182,047,712
TOTAL ASSETS16,702,523,94816,357,451,592
LIABILITIES
Due to Bank and Financial Institutions9,398,518,4409,013,926,428
Due to Nepal Rastra Bank--
Derivative Financial Instrument--
Deposits from Customers3,876,084,7333,954,868,101
Borrowings29,870,10029,870,100
Current Tax Liabilities--
Provisions--
Deferred Tax Liabilities--
Other liabilities451,148,002436,753,764
Debt securities issued--
Subordinated Liabilities--
TOTAL LIABILITIES13,755,621,27413,435,418,393
EQUITY
Share Capital1,005,350,0001,005,350,000
Share Premium68,270,09268,270,092
Retained Earnings7,640,7034,476,211
Reserves1,865,641,8791,843,936,896
TOTAL EQUITY ATTRIBUTABLE TO EQUITY HOLDERS2,946,902,6742,922,033,199
NON-CONTROLLING INTEREST--
TOTAL EQUITY2,946,902,6742,922,033,199
TOTAL LIABILITIES AND EQUITY16,702,523,94816,357,451,592
CONTINGENT LIABILITIES AND COMMITMENT6,764,4786,764,478

Net Assets Value Per Share २९३ २९१

UNAUDITED CONDENSED STATEMENT OF PROFIT OR LOSS

For the Quarter Ended 31st Ashoj, 2083

Figures in NPR

ParticularsCurrent Year This Quarter Up toCurrent Year This Quarter (YTD)Previous Year Corresponding This Quarter Up toPrevious Year Corresponding This Quarter (YTD)
Interest income540,084,511540,084,511527,844,668527,844,668
Interest expense(193,664,868)(193,664,868)(192,282,774)(192,282,774)
Net interest income346,419,644346,419,644335,561,894335,561,894
Fees and commission income30,998,97330,998,97320,828,35520,828,355
Fees and commission expense(673,319)(673,319)(12,687)(12,687)
Net fee and commission income30,325,65530,325,65520,815,66920,815,669
Net interest and commission income376,745,298376,745,298356,377,563356,377,563
Net trading income----
Other operating income----
Total operating income376,745,298376,745,298356,377,563356,377,563
Impairment charge/(reversal) for loans and other losses97,034,34897,034,34815,646,37215,646,372
Net operating income279,710,951279,710,951340,731,191340,731,191
Operating expense235,962,064235,962,064227,762,420227,762,420
Personnel expenses186,382,257186,382,257192,354,727192,354,727
Other Operating expenses39,572,70439,572,70425,582,91725,582,917
Depreciation and Amortization10,007,10310,007,1039,824,7769,824,776
Operating Profit43,748,88743,748,887112,968,771112,968,771
Non operating Income236,870236,870443,624443,624
Non operating expense----
Profit before income tax43,985,75643,985,756113,412,395113,412,395
Income Tax expense(13,411,729)(13,411,729)8,615,1288,615,128
Current Tax Expense24,777,04224,777,042--
Deferred Tax Expense (Income)(11,365,313)(11,365,313)(8,615,128)(8,615,128)
Profit for the period30,574,02830,574,028122,027,524122,027,524
Profit attributable to:
Equity holders of the Bank30,574,02830,574,028122,027,524122,027,524
Non-controlling interests----
Profit for the period30,574,02830,574,028122,027,524122,027,524

Earnings Per Share (EPS)

Basic Earnings Per Share3.0412.42
Annual Earnings Per Share12.1649.68

STATEMENT OF COMPREHENSIVE INCOME

For the Quarter Ended 31st Ashoj, 2083

Figures in NPR

ParticularsCurrent Year This Quarter Up toCurrent Year This Quarter (YTD)Previous Year Corresponding This Quarter Up toPrevious Year Corresponding This Quarter (YTD)
Profitor Loss for the Period30574027.630574027.6122027523.6122027523.6

Other Comprehensive Income, net of income tax

a Items that will not be reclassified to Profit or Loss----
Gains / (Losses) from investment in equity instruments measured at fair value----
Gains / (Losses) on revaluation----
Actuarial Gains / (Losses) on defined benefit plans----
Income tax relating to above items----
Net other Comprehensive Income that will not be reclassified to Profit or Loss----
b Items that are or may be reclassified to Profit or Loss----
Gains (Losses) on cash flow hedge----
Exchange gains (losses) (arising from translation financial assets of foreign operation----
Income tax relating to above items----
Reclassify to Profit or Loss----
Net other Comprehensive income that are or may be reclassified to Profit or Loss----
Other Comprehensive income for the year, net of income tax----
Total Comprehensive income for the year30,574,02830,574,028122,027,524122,027,524
Total Comprehensive income for the period30,574,02830,574,028122,027,524122,027,524

RATIOS AS PER NRB DIRECTIVE

Current Year Previous Year Corresponding

Particulars This Quarter Up to This Quarter (YTD) This Quarter Up to This Quarter (YTD)

Capital Fund to RWA 11.22% 8.90%

Non Performing Loan (NPL) to Total Loan 11.89 4.69%

Total loan loss provision to Total NPL 77.75% 175.51%

Cost of Funds 5.15% 6.13%

Deposit to Credit Ratio 24.02% 26.51%

Base Rate 12.42% 14.55%

Interest Rate Spread 8.75% 8.85%

Liquidity Ratio 13.78% 12.80%

Statement of Distributable Profit or Loss

For the Quarter Ended 31st Ashoj, 2083

As per NRB Regulation

Figures in NPR

Particulars Current YearCorresponding PYThis Quarter
Opening Retained Earning4,476,211(132,023,995)

Adjustment w.r.t Reserves (158,747)

Adjustment :Prior Period Errors -

Opening Retained Earning (Adjusted) 4,317,465 (132,023,995)

Net Profit/(loss) as per Statement of Profit or Loss

Appropriation30,574,028122,027,524
a. General Reserve -
b. Foreign Exchange Fluctuation Fund(6,114,806)(28,309,441)
c. Capital Redemption Reserve -
d. Corporate Social Responsibility Fund -
e. Employees Training Fund(305,740)(1,415,472)
f. Client Protection Fund(14,594,586)(12,102,173)
g. Other: Employee Welfare Fund(611,481)(2,123,208)

h. Other (917,221)

Profit/(Loss) before regulatory adjustment 26,453,143

Regulatory Adjustments: 38,800,802 (53,946,765)

a. Interest Receivable (-)/previous accrued interest received(+)

b. Short loan Loss provision in accounts(-)/reversal(+) (19,794,786) (41,591,433)

c. Short provision for possible losses on investment(-)/ reversal(+)

d. Short provision for possible losses on Non-Banking Assets (-)/reversal(+)

e. Deferred Tax Assets recognized(-)/reversal(+)

f. Goodwill recognized (-)/Impairment of Goodwill(+) (11,365,313) (8,615,128)

g. Bargain purchase gain recognized(-)/reversal(+)

h. Actuarial Loss recognized (-)/reversal(+)

i. Other (+/-)

Investment Provision as per NRB Directive no. 8

Total regulatory adjustments(31,160,099)(50,206,562)
Profit or (Loss) after Regulatory Adjustments7,640,703(104,153,327)

Notes:

1. The above financial statements have been prepared in accordance with Nepal Financial Reporting Standards (NFRS) and certain carve-outs issued by the Institute of Chartered Accountants of Nepal (ICAN). The above figures are subject to change as per the direction of regulators/supervisors and external auditors.

2. The detailed interim financial report has been published in the website (www.gblbs.com.np)

3. The Loans & Advances include interest receivables and staff loans are presented net of impairment loss.

4. Actuarial Valuation will be done for Employee benefits and will be adjusted on audited financial statements.

5. Personnel expenses include provision of staff bonus which is computed in line with the Bonus Act.

6. Income tax liabilities has been shown after netting of with advance tax amount.

7. All lease contracts have been accounted for as per NFRS 16, accordingly right of use of assets and lease liabilities have been recognised along with right of use assets being depreciated of straight line basis and interest calculated on lease liabilities."

8. Previous period figures are regrouped/restated/rearranged whereever necessary for consistant presentation and comparison.

9. Immediate Previous year ending figures are unaudited.

धितोपत्र दर्ता तथा निष्काशन नियमावली, २०७३ अनुसूची १४ (नियम २६ को उपनियम (१) सँग सम्बन्धित)

आ.व.२०८३/८४ को प्रथम त्रैमासिक प्रतिवेदन

१. प्रमुख वित्तीय विवरणः

क) त्रैमासिक अवधिको वासलात, नाफा नोक्सान सम्बन्धी विवरण : यसै साथ प्रकाशित गरिएको छ।

ख) प्रमुख वित्तीय अनुपातहरू :

प्रति शेयर आम्दानी (वार्षिक) : रु.१२.१६

मूल्य आम्दानी अनुपात : ५५.०९

प्रति शेयर नेटवर्थ : रु. २९३.००

प्रति शेयर कुल सम्पत्ति : रु.१६६१.२६

तरलता अनुपात : १३.७८ प्रतिशत

पूँजीको कोष अनुपात : ११.२२ प्रतिशत

२. व्यवस्थापकीय विश्लेषण :

क) त्रैमासिक अवधिमा संस्थाको मौज्दात, आम्दानी र तरलता कुनै परिवर्तन भएको भए सो को प्रमुख कारण सम्बन्धी विवरण: समीक्षा अवधिमा संस्थाको मौज्दात सदस्य संख्या, ऋणी संख्या, लगानीमा रहेको कर्जा, बचत कारोवार, बचत सापटि, संस्थाको मौज्दात, आम्दानी र तरलतामा परिवर्तन भएको छ। आर्थिक शिथिलताले बैंकको मागमा अर्थतन्त्रमा वृद्धि हुन नसकेको । गत आ व को सोही अवधिको तुलनामा समीक्षा अवधिमा आय आम्दानीमा सामाञ्जय वृद्धि भएको। त्यसैगरी व्याज, सञ्चालन एवम् नोक्सानी व्यवस्था खर्चमा वृद्धि हुन गई समीक्षा अवधिमा सञ्चालन मुनाफा कमी आएको छ। समीक्षा अवधिको कर्जा, बचत, तरलता तथा मुनाफाको स्थिति सम्बन्धमा वित्तीय विवरणबाट प्रष्ट पारिएको छ।

ख) आगामी अवधिको व्यवसायिक योजना सम्बन्धमा व्यवस्थापनको विश्लेषणत्मक विचारः राष्ट्रियस्तरको कार्यक्षेत्र रहेको यस संस्थाले लघुवित्त सेवाको पहुँच कामै रहेका जिल्लाहरुमा वार्षिक कार्ययोजना अनुसार विस्तार गर्दै जाने लक्ष्य राखेको छ। आगामी दिनमा संस्थाले प्रदान गर्ने सेवालाई ग्राहक सदस्यहरुको आवश्यकता र चाहना अनुसार प्रविधिमुलक उपायहरू, सम्भाव्यता विश्लेषण तथा स्थानीय आर्थिक अवस्थालाई मननगर्दै सेवा तथा कार्यक्रमलाई समय सापेक्ष अझ परिस्कृत गर्दै लैजाने र कार्यक्रम विस्तार गर्न वांकी रहेका जिल्लाहरुमा सम्भाव्यताका आधारमा कार्यक्रम विस्तार गर्न तथा रणनीति योजनाअनुसार कार्य गर्न व्यवस्थापन प्रतिवद्ध रहेको छ। यसले संस्थाको दीगो व्यवसायिक वृद्धि, वित्तीय समावेशीकरण तथा सामाजिक उद्देश्य प्राप्तिमा थप सहयोग पुग्ने विश्वास लिइएको छ ।

ग) विगतको अनुभवबाट संगठित संस्थाको मौज्दात, नाफा वा नगद प्रवाहमा तात्विक असर पार्न सक्ने घटना अवस्था वा आदि भुमिका सो सम्बन्धमा विश्लेषणात्मक विचारः विगतको अनुभवको आधारमा समीक्षा मौज्दात, नाफा तथा नगद प्रवाहमा प्रत्यक्ष वा परोक्ष रुपमा प्रभाव पार्न सक्ने विभिन्न अवस्थाहरु विद्यमान छन् । विगतमा विषम स्वास्थ्य तथा वित्तीय संस्थाहरुको आधारदर (Base Rate) मा कमी आएको कारणले लघुवित्त वित्तीय संस्थाहरुले लिने थोक कर्जा सापट रकममा केही दरमा कमी आएको छ। जसको परिणामस्वरूप संस्थाको ऋण सापटको व्याज दरमा कमी आएको छ । लघुवित्त संस्थाहरु बीच अस्पस्थ्य प्रतिष्पर्धा र अनियन्त्रित अभ्यासले गर्दा जोखिम अग्रि रूपमा बढेको छ। परिणामस्वरुप कर्जाको गुणस्तर कायम गर्न चुनौतीपूर्ण थपिएको छ। मुलकमा सृजना हुने विभिन्न किसिमका राजनैतिक, आर्थिक, प्राकृतिक घटना परिघटनाले यस संस्थामा केही असर परेको छ। आर्थिक गतिविधिमा आएको कमीले ग्राहक सदस्यहरुको आम्दानीमा कमी आई कर्जाको साँवा र व्याज नियमित रुपमा असुली गर्न कठिनाई उत्पन्न भएको छ। यसैगरी बैंक तथा वित्तीय संस्थाहरुबाट लघुवित्त वित्तीय संस्थाहरुको कर्जा नतिर्ने भन्ने अराजक गतिविधि समेत ग्राहक सदस्यहरू कर्जाको किस्ता र व्याज नियमित भुक्तानी गर्न आउन अलमलिएको अवस्था रहेकोमा कर्जा असुली समस्या कायमै रहेको छ। कर्जा असुली कार्यलाई तीव्रता दिई निष्क्रिय कर्जा न्यूनीकरणका लागि अवसरका सुचनाहरुलाई प्रभावकारी रूपमा कार्यान्वयन गर्ने नीति लिइएको छ। सोको अनुरुप गुणस्तर सुधार, कायिक विस्तार, नगद प्रवाह तथा व्यवसाय वृद्धि कायम राख्न सम्पूर्ण कर्मचारीहरुलाई परिचालन गर्दै वित्तीय व्यवस्थापन र असुलीलाई थप प्रभावकारी बनाउन व्यवस्थापन क्रियाशील रहेको छ।

३. कानूनी कारवाही सम्वन्धी विवरण :

क) यस त्रैमासिक अवधिमा संस्था विरुद्ध कुनै मुद्दा दायर गरेको जानकारी प्राप्त नभएको ।

ख) संस्थाको संस्थापक वा सञ्चालकको वा संस्थापक वा सञ्चालकको विरुद्धमा प्रचलित कानूनको उल्लंघन वा फौजदारी कसूर वा अन्य कुनै कानूनी कारवाही सम्बन्धमा कुनै जानकारी प्राप्त नभएको।

ग) संस्थाका कुनैपनि संस्थापक वा संचालक विरुद्ध आर्थिक अपराध सम्वन्धी कुनै मुद्दा दायर भएको वा कारवाही अघि बढाइएको कुनै जानकारी प्राप्त भएको छैन ।

४. संगठित संस्थाको शेयर कारोवार सम्वन्धी विवरण :

क) यस संस्थाको शेयरहरू नेपाल स्टक एक्सचेन्जमा सूचीकृत भई कारोबार भइरहेको छ। शेयरको मूल्य तथा कारोबार बजारले निर्धारण गर्ने हुँदा यस संस्थाको व्यवस्थापन शेयरको मूल्य तथा कारोबारबाट तटस्थ छ। प्रचलित कानून अनुसार लगानीकर्ताहरुलाई तथा सम्बन्धित निकायलाई उपलब्ध गराउनुपर्ने सूचना तथा जानकारी समयमै उपलब्ध गराइएको छ।

ख) नेपाल स्टक एक्सचेन्जको वेवसाइट अनुसारभोजपुर/काठमाडौंबाट प्राप्त जानकारी अनुसार यस त्रैमासिक अवधि (मिति २०८०।०७।०१ देखि २०८०।०९।३०) गतेसम्म यस संस्थाको शेयरको कारोबार देहाय बमोजिम भएको छ ।

शेयरको अधिकतम मूल्यः रु. ३९८.८०

शेयरको न्यूनतम मूल्यः रु. ६१०.००

शेयरको अन्तिम मूल्यः रु. ६६९.१०

कारोबार भएको कुल दिनः ६१ दिन

कारोबार भएको कुल शेयर संख्या: २०१४३९

कारोबार संख्याः ५८३०

५. समस्या तथा चुनौतीः

समस्याः

(क) अर्थतन्त्रमा ग्रामीण क्षेत्रमा कर्जाको माग वढ्न नसक्नु ।

(ख) कोभिड-१९ संक्रमण पछिको प्रभाव पूर्णरुपमा समाधान नभएकोले ग्राहक सदस्यहरुको आयोजनाहरू पूर्ववत रुपमा सञ्चालन हुन नसक्दा कर्जा तथा व्याज भुक्तानीमा कठिनाई उत्पन्न हुनु ।

(ग) लघुवित्त विरुद्ध देखा परेका भ्रामक गतिविधि र नकारात्मक प्रचार प्रसारले लघुवित्त संस्थाहरूको कर्जा नतिर्ने प्रवृत्ति बढाउनु साथै वेवास्ता असुलीमा अबरोध सिर्जना हुनु ।

(घ) लघुवित्त वित्तीय संस्थाहरू बीच अस्वस्थ प्रतिस्पर्धाले वहुविद्येताको समस्या कायमै रहनु ।

(ङ) व्यापार व्यवसायमा कायम आर्थिक मन्दीको कारण कर्जा नतिर्ने मनसाय बन्दै गएको प्रवृत्तिले ऋणी संख्या घट्दै जानु।

(च) आर्थिक गतिविधिमा आएको सुस्तताको कारण ग्राहक सदस्यहरूको आम्दानीमा कमी आउँदा बैंकको साँवा र व्याज नियमितरूपमा असुलीमा समस्या उत्पन्न हुनु ।

(छ) एकै ग्राहकले दुई वा दुई भन्दा बढी लघुवित्त वित्तीय संस्थाबाट कर्जा लिएका कारण कर्जाको गुणस्तर कायम गर्न कठिनाई हुनु ।

रणनीतिः

(क) बैंकको उचित व्यवस्थापन तथा सुरक्षित लगानीलाई उच्च प्राथमिकता दिदैं संस्थाको कार्यलाई प्रभावकारी रूप चुन दुरुस्त र प्रतिस्पर्धात्मक बनाउने तर्फ अगाडि वढाइएको छ।

(ख) खराव निष्कृयता अपनाई सञ्चालन लागत नियन्त्रणमा ध्यान दिइएको छ।

(ग) कारोबारलाई पूर्णरुपमा यान्त्रिकीकरण गरिएका सुदृढ वनाउँदै लगिने ।

(घ) कर्मचारीहरूको क्षमता अभिवृद्धिको लागि विभिन्न तालिम तथा उत्प्रेरणात्मक अभिवृद्धि कार्यक्रम सञ्चालन गर्ने गरिएको।

(ङ) कर्मचारीहरूको दक्षता अभिवृद्धि गर्न विभिन्न तालिमहरू प्रदान गर्दै जाने नीति रहेको ।

(च) कर्जा असुलीमा तीव्र जोड दिई कर्जाको गुणस्तर कायम राख्न व्यवस्थापन क्रियाशील रहेको ।

(छ) आन्तरिक श्रोत परिचालन वृद्धि गर्न व्यवस्थापनबाट नियमानुसार बचत संकलन गर्ने नीति प्रभावकारीरूपमा कार्यान्वयन गरिएको।

(ज) वर्तमान समयमा देखापरेका वाह्य गतिविधिहरूबाट उत्पन्न हुन सक्ने आर्थिक तथा भौतिक जोखिम न्यूनीकरण गर्दै कारोबारलाई विस्तार गर्ने सम्बन्धी रणनीतिहरू अपनाइएको छ ।

(झ) ग्राहक/बचत वृद्धि गरी राष्ट्रिय स्तरको व्यवसाय वृद्धिलाई प्राथमिकताका साथ कार्य सञ्चालन सञ्चालन गर्न लक्ष्य लिइएको छ।

६) संस्थागत सुशासनः

संस्थागत सुशासन सुदृढ र प्रभावकारीरुपमा कायम गर्न संस्थाको सञ्चालक समिति, लेखापरीक्षण समिति, जोखिम व्यवस्थापन समिति, सम्पत्ति सुदृढीकरण अनुशासन समिति, कर्मचारी सेवा सुविधा समिति, सम्पत्ति दायित्व व्यवस्थापन समिति लगायत विभिन्न आन्तरिक समितिहरू क्रियाशील रहेका र संस्थागत गरिमालाई उच्च राख्दै नियमित मूल्यमान्य तर्फ र सोही आधारमा उपयुक्त नीति तथा रणनीति अवलम्बन गर्ने कार्यलाई निरन्तरता दिइएको छ। नेपाल राष्ट्र बैंकबाट लघुवित्त संस्थाहरूका लागि जारी गरिएका निर्देशकहरू, बैंक तथा वित्तीय संस्था सम्वन्धी ऐन २०७३, कम्पनी ऐन २०६३, नेपाल राष्ट्र बैंक ऐन २०५८, धितोपत्र ऐन २०६३, लगायत प्रचलन कानून प्रयोग नियम र कानूनका अनुपालना गरिएको साथै समयसामयिक रूपमा संस्थाको कार्यहरूलाई सुदृढ बनाउन आवश्यक नीति नियम तथा कार्यविधिहरू तयार गरी लागू गरिएको छ।

७) सत्य, तथ्य सम्बन्धमा कार्यकारी प्रमुखको उदघोषणः

आजका मितिसम्म यस प्रतिवेदनमा उल्लेखित सम्पूर्ण सूचना तथा विवरणहरूको शुद्धता र विश्वसनियता सम्बन्धमा म व्यक्तिगत रुपमा उत्तरदायित्व लिन्छु। साथै, म यो उद्घोष गर्दछु कि मेरो ज्ञानमा यस प्रतिवेदनमा उल्लेखित विवरणहरू सत्य, तथ्य र पूर्ण छन्। लगानीकर्ताहरूलाई सुसूचित गर्न तथा निर्णय लिन आवश्यक पर्ने कुनै विवरण, सूचना तथा जानकारीहरू लुकाइएको छैन। यस प्रतिवेदन नेपाल राष्ट्र बैंक तथा अन्य सम्बन्धित निकायमा नियमानुसार लागू गरेका निर्देशन, ऐन, नियम तथा मापदण्ड अनुसार तयार गरिएको छ।

१. बचतमा ७.५-८.५ प्रतिशत, २. कर्जामा १२.०० - १५.०० प्रतिशत

GRAMEEN BIKAS LAGHUBITTA BITTIYA SANSTHA LIMITED

'Class D Licensed Institution from Nepal Rastra Bank'

UNAUDITED CONDENSED STATEMENT OF FINANCIAL POSITION

As on Quarter ended 31st Ashoj 2083

Unaudited Condensed Statement of Financial Position

As on Quarter ended 31st Ashoj 2083

Figures in NPR

PARTICULARSThis Quarter EndingImmediate Previous Year Ending
ASSETS
Cash and cash equivalents737,445,141671,614,487
Statutory Balances and Due from Nepal Rastra Bank324,035324,035
Placement with Bank and Financial Institutions--
Derivative Financial Instruments--
Other Trading Assets--
Loans and advances to MFIs & Cooperatives--
Loans and advances to customers14,966,321,29514,727,712,205
investment securities2,025,0002,025,000
Current tax assets194,025,545218,519,819
Investment property--
Property and Equipment85,619,87373,845,797
Goodwill and Intangible Assets1,250,6381,490,235
Deferred Tax Assets491,237,615479,872,301
Other assets224,274,807182,047,712
TOTAL ASSETS16,702,523,94816,357,451,592
LIABILITIES
Due to Bank and Financial Institutions9,398,518,4409,013,926,428
Due to Nepal Rastra Bank--
Derivative Financial Instrument--
Deposits from Customers3,876,084,7333,954,868,101
Borrowings29,870,10029,870,100
Current Tax Liabilities--
Provisions--
Deferred Tax Liabilities--
Other liabilities451,148,002436,753,764
Debt securities issued--
Subordinated Liabilities--
TOTAL LIABILITIES13,755,621,27413,435,418,393
EQUITY
Share Capital1,005,350,0001,005,350,000
Share Premium68,270,09268,270,092
Retained Earnings7,640,7034,476,211
Reserves1,865,641,8791,843,936,896
TOTAL EQUITY ATTRIBUTABLE TO EQUITY HOLDERS2,946,902,6742,922,033,199
NON-CONTROLLING INTEREST--
TOTAL EQUITY2,946,902,6742,922,033,199
TOTAL LIABILITIES AND EQUITY16,702,523,94816,357,451,592
CONTINGENT LIABILITIES AND COMMITMENT6,764,4786,764,478

Net Assets Value Per Share 293 291

UNAUDITED CONDENSED STATEMENT OF PROFIT OR LOSS

For the Quarter Ended 31st Ashoj, 2083

Figures in NPR

ParticularsCurrent Year This Quarter Up toCurrent Year This Quarter (YTD)Previous Year Corresponding This Quarter Up toPrevious Year Corresponding This Quarter (YTD)
Interest income540,084,511540,084,511527,844,668527,844,668
Interest expense(193,664,868)(193,664,868)(192,282,774)(192,282,774)
Net interest income346,419,644346,419,644335,561,894335,561,894
Fees and commission income30,998,97330,998,97320,828,35520,828,355
Fees and commission expense(673,319)(673,319)(12,687)(12,687)
Net fee and commission income30,325,65530,325,65520,815,66920,815,669
Net interest and commission income376,745,298376,745,298356,377,563356,377,563
Net trading income----
Other operating income----
Total operating income376,745,298376,745,298356,377,563356,377,563
Impairment charge/(reversal) for loans and other losses97,034,34897,034,34815,646,37215,646,372
Net operating income279,710,951279,710,951340,731,191340,731,191
Operating expense235,962,064235,962,064227,762,420227,762,420
Personnel expenses186,382,257186,382,257192,354,727192,354,727
Other Operating expenses39,572,70439,572,70425,582,91725,582,917
Depreciation and Amortization10,007,10310,007,1039,824,7769,824,776
Operating Profit43,748,88743,748,887112,968,771112,968,771
Non operating Income236,870236,870443,624443,624
Non operating expense----
Profit before income tax43,985,75643,985,756113,412,395113,412,395
Income Tax expense(13,411,729)(13,411,729)8,615,1288,615,128
Current Tax Expense24,777,04224,777,042--
Deferred Tax Expense (Income)(11,365,313)(11,365,313)(8,615,128)(8,615,128)
Profit for the period30,574,02830,574,028122,027,524122,027,524
Profit attributable to:
Equity holders of the Bank30,574,02830,574,028122,027,524122,027,524
Non-controlling interests----
Profit for the period30,574,02830,574,028122,027,524122,027,524

Earnings Per Share (EPS)

Basic Earnings Per Share3.0412.42
Annual Earnings Per Share12.1649.68

STATEMENT OF COMPREHENSIVE INCOME

For the Quarter Ended 31st Ashoj, 2083

Figures in NPR

ParticularsCurrent Year This Quarter Up toCurrent Year This Quarter (YTD)Previous Year Corresponding This Quarter Up toPrevious Year Corresponding This Quarter (YTD)
Profitor Loss for the Period30574027.630574027.6122027523.6122027523.6

Other Comprehensive Income, net of income tax

a Items that will not be reclassified to Profit or Loss----
Gains / (Losses) from investment in equity instruments measured at fair value----
Gains / (Losses) on revaluation----
Actuarial Gains / (Losses) on defined benefit plans----
Income tax relating to above items----
Net other Comprehensive Income that will not be reclassified to Profit or Loss----
b Items that are or may be reclassified to Profit or Loss----
Gains (Losses) on cash flow hedge----
Exchange gains (losses) (arising from translation financial assets of foreign operation----
Income tax relating to above items----
Reclassify to Profit or Loss----
Net other Comprehensive income that are or may be reclassified to Profit or Loss----
Other Comprehensive income for the year, net of income tax----
Total Comprehensive income for the year30,574,02830,574,028122,027,524122,027,524
Total Comprehensive income for the period30,574,02830,574,028122,027,524122,027,524

RATIOS AS PER NRB DIRECTIVE

Current Year Previous Year Corresponding

Particulars This Quarter Up to This Quarter (YTD) This Quarter Up to This Quarter (YTD)

Capital Fund to RWA 11.22% 8.90%

Non Performing Loan (NPL) to Total Loan 11.89 4.69%

Total loan loss provision to Total NPL 77.75% 175.51%

Cost of Funds 5.15% 6.13%

Deposit to Credit Ratio 24.02% 26.51%

Base Rate 12.42% 14.55%

Interest Rate Spread 8.75% 8.85%

Liquidity Ratio 13.78% 12.80%

Statement of Distributable Profit or Loss

For the Quarter Ended 31st Ashoj, 2083

As per NRB Regulation

Figures in NPR

Particulars Current YearCorresponding PYThis Quarter
Opening Retained Earning4,476,211(132,023,995)

Adjustment w.r.t Reserves (158,747)

Adjustment :Prior Period Errors -

Opening Retained Earning (Adjusted) 4,317,465 (132,023,995)

Net Profit/(loss) as per Statement of Profit or Loss

Appropriation30,574,028122,027,524
a. General Reserve -
b. Foreign Exchange Fluctuation Fund(6,114,806)(28,309,441)
c. Capital Redemption Reserve -
d. Corporate Social Responsibility Fund -
e. Employees Training Fund(305,740)(1,415,472)
f. Client Protection Fund(14,594,586)(12,102,173)
g. Other: Employee Welfare Fund(611,481)(2,123,208)

h. Other (917,221)

Profit/(Loss) before regulatory adjustment 26,453,143

Regulatory Adjustments: 38,800,802 (53,946,765)

a. Interest Receivable (-)/previous accrued interest received(+)

b. Short loan Loss provision in accounts(-)/reversal(+) (19,794,786) (41,591,433)

c. Short provision for possible losses on investment(-)/ reversal(+)

d. Short provision for possible losses on Non-Banking Assets (-)/reversal(+)

e. Deferred Tax Assets recognized(-)/reversal(+)

f. Goodwill recognized (-)/Impairment of Goodwill(+) (11,365,313) (8,615,128)

g. Bargain purchase gain recognized(-)/reversal(+)

h. Actuarial Loss recognized (-)/reversal(+)

i. Other (+/-)

Investment Provision as per NRB Directive no. 8

Total regulatory adjustments(31,160,099)(50,206,562)
Profit or (Loss) after Regulatory Adjustments7,640,703(104,153,327)

Notes:

1. The above financial statements have been prepared in accordance with Nepal Financial Reporting Standards (NFRS) and certain carve-outs issued by the Institute of Chartered Accountants of Nepal (ICAN). The above figures are subject to change as per the direction of regulators/supervisors and external auditors.

2. The detailed interim financial report has been published in the website (www.gblbs.com.np)

3. The Loans & Advances include interest receivables and staff loans are presented net of impairment loss.

4. Actuarial Valuation will be done for Employee benefits and will be adjusted on audited financial statements.

5. Personnel expenses include provision of staff bonus which is computed in line with the Bonus Act.

6. Income tax liabilities has been shown after netting of with advance tax amount.

7. All lease contracts have been accounted for as per NFRS 16, accordingly right of use of assets and lease liabilities have been recognised along with right of use assets being depreciated of straight line basis and interest calculated on lease liabilities."

8. Previous period figures are regrouped/restated/rearranged whereever necessary for consistant presentation and comparison.

9. Immediate Previous year ending figures are unaudited.

Securities Registration and Issuance Regulations, 2073 Schedule 14 (Related to Sub-regulation (1) of Regulation 26)

First Quarterly Report of F.Y. 2083/84

1. Key Financial Indicators:

a) Quarterly Balance Sheet and Profit and Loss Details: Published herewith.

b) Key Financial Ratios:

Earnings Per Share (Annual): Rs. 12.16

Price Earnings Ratio: 55.09

Net Worth Per Share: Rs. 293.00

Total Assets Per Share: Rs. 1661.26

Liquidity Ratio: 13.78 percent

Capital Fund Ratio: 11.22 percent

2. Management Analysis:

a) Details regarding major reasons if there were any changes in the institution's balance, income, and liquidity during the quarterly period: During the review period, changes occurred in the institution's balance, number of members, number of borrowers, loans under investment, savings transactions, savings borrowings, institution balance, income, and liquidity. Due to economic slowdown, demand in the bank couldn't increase in the economy. Compared to the same period of the previous fiscal year, income grew commensurately in the review period. Similarly, due to increase in interest, operating and loss provision expenses, operating profit decreased in the review period. The state of loans, savings, liquidity, and profit for the review period is clarified in the financial statements.

b) Management's analytical view regarding future business plans: As a national-level institution, this institution aims to expand its microfinance service reach in districts with low coverage according to annual action plans. In the coming days, the management is committed to providing technology-oriented solutions according to client members' needs and desires, feasibility analysis, and improving services and programs dynamically considering local economic conditions, and expanding programs based on feasibility in remaining districts and operating according to strategic plans. It is believed that this will further assist in achieving sustainable business growth, financial inclusion, and social objectives of the institution.

c) Analytical view regarding events/conditions from past experience that could materially affect the institution's balance, profit, or cash flows: Based on past experience, various conditions exist that could directly or indirectly affect the review balance, profit, and cash flow. Due to a decrease in the Base Rate of financial institutions amid difficult health and economic situations in the past, wholesale loan borrowing rates taken by microfinance institutions have decreased to some extent, resulting in reduced interest rates on loan borrowings of the institution. Unhealthy competition and uncontrolled practices among microfinance institutions have increased upfront risks. Consequently, maintaining loan quality has become challenging. Various political, economic, and natural events arising in the country have had some impact on this institution. A decrease in economic activities has led to reduced income for client members, creating difficulty in regularly collecting loan principal and interest. Similarly, due to non-payment movements against microfinance from various groups, client members have been hesitant to make regular payments of loan installments and interest, causing loan recovery problems to persist. A policy has been adopted to intensify loan recovery work and effectively implement opportunity notices for reducing non-performing loans. Accordingly, management is actively working to mobilize all employees to maintain quality improvement, network expansion, cash flow, and business growth while making financial management and recovery more effective.

3. Details Regarding Legal Proceedings:

a) No information received regarding any lawsuits filed against the institution during this quarterly period.

b) No information received regarding any legal proceedings related to violation of prevailing laws or criminal offenses or any other legal action against promoters or directors of the institution.

c) No information received regarding any lawsuit filed or action initiated against any promoter or director of the institution regarding economic crimes.

4. Details Regarding Share Transactions of the Corporate Body:

a) Shares of this institution are listed and traded on the Nepal Stock Exchange. As the market determines share price and trading, management is neutral regarding share price and trading. Information and details required to be provided to investors and relevant bodies per prevailing laws have been provided on time.

b) According to the website of Nepal Stock Exchange / information received from Bhojpur/Kathmandu, trading of shares of this institution during this quarterly period (dated 2080/07/01 to 2080/09/30) was as follows:

Maximum Share Price: Rs. 398.80

Minimum Share Price: Rs. 610.00

Closing Share Price: Rs. 669.10

Total Trading Days: 61 days

Total Number of Shares Traded: 201439

Number of Transactions: 5830

5. Problems and Challenges:

Problems:

(a) Lack of growth in loan demand in rural areas in the economy.

(b) Since the impact following COVID-19 infection has not been fully resolved, projects of client members could not be operated as before, causing difficulty in loan and interest payment.

(c) Misleading activities and negative propaganda against microfinance have increased the tendency of non-payment of loans in microfinance institutions, creating obstacles in recovery.

(d) Unhealthy competition among microfinance financial institutions keeps the problem of multiple banking intact.

(e) Trend of growing non-payment mindset due to economic slowdown in business causing a decrease in the number of borrowers.

(f) Sluggishness in economic activities leading to reduced income of client members, causing problems in regular collection of bank principal and interest.

(g) Difficulty in maintaining loan quality due to single clients taking loans from two or more microfinance financial institutions.

Strategies:

(a) Giving high priority to proper management and safe investment of the bank, work is being pushed forward to make the institution's operations effective, prompt, and competitive.

(b) Operating costs are being controlled by adopting measures against bad non-performing assets.

(c) Transactions will be reinforced by fully mechanizing them.

(d) Various training and motivational enhancement programs are being conducted to build employee capacity.

(e) Policy to continue providing various trainings to enhance employee efficiency.

(f) Management actively engaged in maintaining loan quality with strong emphasis on loan recovery.

(g) Policy to collect savings per rules from management to increase internal resource mobilization implemented effectively.

(h) Strategies adopted to expand business while minimizing economic and physical risks that may arise from external activities observed in current times.

(i) Aim set to operate by prioritizing national-level business growth through client/saving growth.

6) Corporate Governance:

To maintain corporate governance strongly and effectively, various internal committees such as Board of Directors, Audit Committee, Risk Management Committee, Asset Strengthening Discipline Committee, Employee Service Facilities Committee, Asset Liability Management Committee are active, and continuity is given to maintaining high corporate dignity towards regular values and adopting appropriate policies and strategies accordingly. Directives issued by Nepal Rastra Bank for microfinance institutions, Banks and Financial Institutions Act 2073, Companies Act 2063, Nepal Rastra Bank Act 2058, Securities Act 2063, along with applicable laws, rules, and regulations are complied with, and necessary policies, rules, and procedures are prepared and implemented to strengthen the institution's activities from time to time.

7) Chief Executive Officer's Declaration on Truth and Correctness:

I personally take responsibility for the accuracy and reliability of all information and details mentioned in this report as of today. Furthermore, I declare that to the best of my knowledge, the details mentioned in this report are true, factual, and complete. No details, information, or data necessary for informing investors and taking decisions have been hidden. This report has been prepared per directives, acts, rules, and standards implemented according to rules by Nepal Rastra Bank and other relevant bodies.

1. On Savings 7.5-8.5 percent, 2. On Loans 12.00 - 15.00 percent

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