कालिका लघुवित्तको आर्थिक वर्ष २०७९/८० को चौथो त्रैमासिक वित्तीय विवरणKalika Laghubitta 4th Quarter Financial Results FY 2079/80
- वर्ग:Category:
- Financial Analysis
- प्रकाशित मिति:Published:
- Published on August 10, 2026
Unaudited Financial Result (Quarterly)
As at the end of Fourth Quarter (2080/03/31) of the fiscal year 2079/080
Condensed Consolidated Statement of Financial Position
(As on 4th Quarter Ended ) 31st Asar 2080
Amount in NPR
| Particulars This Quarter Ending Immediate Previous Year Ending | ||
| Assets | ||
| Cash and Cash equivalent | 245,430,851 | 289,155,668 |
| Statutory Balances and Due from Nepal Rastra Bank | 25,672,750 | 22,672,750 |
| Placement with Bank & Financial Institutions | 55,383,399 | 59,272,821 |
| Derivative Financial Instruments | - | - |
| Other Trading Assets | - | - |
| Loans and Advances to MFIs & Cooperatives | - | - |
| Loans and Advances to Customers | 5,340,691,974 | 4,754,584,488 |
| Investment Securities | 2,000,000 | 2,000,000 |
| Current Tax Assets | - | 13,470,699 |
| Investment Property | - | - |
| Property and Equipment | 78,977,500 | 78,687,690 |
| Goodwill and Intangible assets | 704,417 | 342,206 |
| Deferred Tax Assets | 7,423,142 | 7,423,142 |
| Other Assets | 28,987,859 | 29,853,310 |
| Total Assets | 5,785,271,892 | 5,257,462,774 |
| Liabilities | ||
| Due to Bank and Financial Institutions | - | - |
| Due to Nepal Rastra Bank | - | - |
| Derivative Financial Instrument | - | - |
| Deposits from Customers | 2,036,909,234 | 1,662,520,219 |
| Borrowing | 2,793,510,153 | 2,791,769,991 |
| Current Tax Liabilities | 15,944,275 | - |
| Provisions | 7,791,218 | 6,230,131 |
| Deferred Tax Liabilities | - | - |
| Other Liabilities | 129,574,347 | 115,136,853 |
| Debt Securities Issued | - | - |
| Subordinated Liabilities | - | - |
| Total Liabilities | 4,983,729,227 | 4,575,657,194 |
| Equity | ||
| Share Capital | 448,461,535 | 407,692,305 |
| Share Premium | - | - |
| Retained Earnings | 100,775,485 | 55,555,920 |
| Reserves | 252,305,645 | 218,557,355 |
| Total Equity | 801,542,665 | 681,805,580 |
| Total Liabilities and Equity | 5,785,271,892 | 5,257,462,774 |
Statement Of Distributable Profit or loss
For the 4th Quarter ended (31st Asar 2080)
Amount in NPR
Net Profit for the period end (4th quarter) 122,883,804
1. Appropriation 34,644,684
1.1 Profit required to be appropriated to: 27,648,856
a. General Reserve 24,576,761
b. Capital Redemption Reserve -
c. Exchange Fluctuation Fund -
d. Corporate Social Responsibility Fund 1,228,838
e. Employee Training Fund -
f. Client Protection Fund 1,843,257
g. Other -
1.2 Profit required to be transferred to Regulatory Reserve: 6,995,828
a. Transferred to Regulatory Reserve 6,995,828
b. Transferred from Regulatory Reserve -
Net Profit for the period end 4th quarter available for distribution 88,239,120
Annualized Distributable Profit /Loss per Share 19.68
Notes :
1 The above financial statements has been prepared in accordance with the Directives issued by Nepal Rastra Bank. However, results depicted in the financial statements were prepared in accordance with GAAP.
2 Loans and Advances to Customers are presented net off of Impairment Charges.
3 Employee Benefit Expenses includes Staff Bonus & employee benefit obligation has been presented ignoring actuarial valuation.
4 Current Tax Liabilities & Current Tax Assets has been netted off in Statement of Financial Position.
5 Accrued Interest Income on Loans and advances except non performing loan has been included in Interest Income.
6 During this quarter, loans and advances are secured by Deposit and Credit Guarantee Fund, consequently loan loss provision has been reduced as per the directives issued by NRB.
7 The above figures are subject to change upon otherwise as per the direction of the Regulators and / or Statutory Auditors.
Interest rate
Deposit: 7.50%
Loans & Advance: 13.10% -15%
धितोपत्र दर्ता तथा निष्काशन नियमावली, २०७३ को अनुसूची १४ (नियम २६ को उपनियम (१) संग सम्बन्धित)
आ.व २०७९/०८० को चौथो त्रैमासिक विवरण
१. वित्तीय विवरण :
क) त्रैमासिक अवधिको वासलात, नाफा नोक्सान सम्बन्धी विवरण:
आ.व. २०७९/०८० को चौथो त्रैमासिक अवधिको अपरिष्कृत (Unaudited) वित्तीय विवरणहरु वासलात, नाफा नोक्सान हिसाब, वितरण योग्य मुनाफा र सो संग सम्बन्धित वित्तीय परिसूचकहरु यसै साथ प्रकाशित गरिएको छ । जसलाई वित्तीय संस्थाको वेवसाईट www.kalikabank.com.np मा पनि राखिएको छ ।
ख) प्रमुख वित्तीय अनुपातहरु:
Condensed Statement of Profit or Loss
Amount in NPR
| Particulars Current Year This Quarter Current Year Upto This Quarter (YTD) Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter (YTD) | ||||
| Interest Income | 208,209,949 | 743,476,033 | 184,564,539 | 642,112,109 |
| Interest Expense | 69,472,617 | 272,557,256 | 70,290,902 | 285,381,050 |
| Net Interest Income | 138,737,332 | 470,918,777 | 114,273,636 | 356,731,059 |
| Fee and Commission Income | 2,703,252 | 8,614,659 | 13,796,249 | 53,313,671 |
| Fee and Commission Expense | 264,993 | 734,993 | 2,988,590 | 4,501,095 |
| Net Fee and Commission Income | 2,438,259 | 7,879,666 | 10,807,658 | 48,812,576 |
| Net Interest, Fee and Commission Income | 141,175,591 | 478,798,443 | 125,081,295 | 405,543,635 |
| Net Trading Income | - | - | - | - |
| Other Operating Income | 21,288,971 | 63,685,245 | 753,919 | 3,032,160 |
| Total Operating Income | 162,464,562 | 542,483,687 | 125,835,214 | 408,575,795 |
| Impairment charge/(reversal) for loans and other losses | (100,574,739) | 53,050,720 | 63,166,272 | 63,733,195 |
| Net Operating Income | 263,039,301 | 489,432,967 | 62,668,942 | 344,842,600 |
| Operating Expense | 101,647,075 | 307,629,460 | 115,484,093 | 262,541,379 |
| Personnel Expenses | 76,461,607 | 231,264,352 | 53,385,028 | 207,158,026 |
| Other Operating Expenses | 20,867,514 | 72,047,154 | 53,651,852 | 46,936,140 |
| Depreciation & Amortization | 4,317,954 | 4,317,954 | 8,447,213 | 8,447,213 |
| Operating Profit | 161,392,226 | 181,803,508 | (52,815,151) | 82,301,221 |
| Non Operating Income | 164,957 | 208,913 | 327,574 | 327,574 |
| Non Operating Expense | 6,464,129 | 6,464,129 | - | 6,230,131 |
| Profit before Income Tax | 155,093,054 | 175,548,292 | (52,487,577) | 76,398,664 |
| Income Tax Expense | 46,527,916 | 52,664,487 | - | 46,026,953 |
| Current Tax | 46,527,916 | 52,664,487 | - | 23,098,525 |
| Deferred Tax | - | - | - | 22,928,428 |
| Profit for the Period | 108,565,138 | 122,883,804 | (52,487,577) | 30,371,711 |
| Condensed Statement of Comprehensive Income | ||||
| Particulars Current Year This Quarter Current Year Upto This Quarter (YTD) Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter (YTD) | ||||
| Profit / (Loss) for the Period | 108,565,138 | 122,883,804 | (52,487,577) | 30,371,711 |
| Other Comprehensive Income | - | - | - | - |
| Total Comprehensive Income | 108,565,138 | 122,883,804 | (52,487,577) | 30,371,711 |
| Annualized Basic Earnings Per Share | - | 27.40 | - | 7.45 |
| Diluted Earnings Per Share | - | 27.40 | - | 7.45 |
| Particulars Current Year This Quarter Current Year Upto This Quarter (YTD) Previous Year | Corresponding This Quarter Previous Year | Corresponding Upto This Quarter (YTD) |
|---|---|---|
| Ratios as per NRB Directive | ||
| Capital fund to RWA | - | - |
| Non-performing loan (NPL) to total loan | - | - |
| Total loan loss provision to Total NPL | - | - |
| Cost of Funds | - | - |
| Credit to Deposit and borrowing Ratio | - | - |
| Base Rate | - | - |
| Interest Rate Spread | - | - |
(वार्षिक) नेटवर्थ सम्पतिका मूल्य अनुपात
२७.४० २८.२० १४८.७३ १२९०.०२ ९.११
२. व्यवस्थापकीय विश्लेषण:
क) त्रैमासिक अवधिमा संस्थाको मौज्दात, आम्दानी र तरलतामा कुनै परिवर्तन भएको भए सो को प्रमुख कारण सम्बन्धी विवरण : यस वित्तीय संस्थाको बचत संकलन तथा कर्जा लगानीमा विस्तार भए सँगै मौज्दात, आम्दानी र तरलतामा सापेक्षिक रुपमा वृद्धि भएको छ । बजारमा लगानी योग्य पुँजी सहज तथा न्यून ब्याजदरमा उपलब्ध हुँदा कर्जा विस्तारमा सहज तथा ब्याज खर्चमा समेत कमी आएको छ ।
ख) आगामी अवधिको व्यावसायिक योजना सम्बन्धमा व्यवस्थापनको विश्लेषणात्मक विवरण :
यस त्रैमाससम्ममा वित्तीय संस्थाले ५० जिल्लामा १०९ शाखा कार्यालय मार्फत ९६६५२ विपन्न घरपरिवार लाई लघुवित्त कार्यक्रममा सहभागी गराई २९६६१ सदस्यहरूलाई कर्जा सेवा उपलब्ध गराउन सफल भएको छ । वित्तीय संस्थाले ५ वर्षे व्यावसायिक कार्ययोजनाको अतिरिक्त वार्षिक नीति तथा कार्यक्रम तयार गरी कार्यान्वयनमा ल्याएको छ । साथै सदस्यहरूलाई वित्तीय साक्षरता गराउँदै गुणस्तरीय एवम् भरपर्दो वित्तीय सेवा सञ्चालन गर्दै जाने योजना रहेको छ ।
ग) विगतको अनुभवबाट संगठित संस्थाको मौज्दात, नाफा वा नगद प्रवाहमा तात्त्विक असर पार्न सक्ने घटना, अवस्था आदी भएमा सो सम्बन्धी विश्लेषणात्मक विवरण : हालको विषम परिस्थितिले बचत परिचालन, कर्जा लगानी तथा असुलीमा पारको असर यस वित्तीय संस्थामा पनि देखिएको छ । सो को निराकरणका लागि आवश्यक रणनीति तर्जुमा गरी कार्यान्वयन गरिदै आईरहेको छ ।
३. कानूनी कारबाही सम्बन्धी विवरण :
क) यस अवधिमा वित्तीय संस्थाले आर्थिक अपचलनमा सहभागी दुई जना कर्मचारीहरूलाई बैंकिङ कसुर तथा सजाय ऐन, २०६४ अनुसार उच्च अदालत कास्कीमा कानूनी कारबाही अगाडी बढाई वित्तीय संस्थाको पक्षमा फैसला भइसकेको छ । साथै, हालसम्म वित्तीय संस्थाको विरुद्धमा मुद्दा दायर भएको कुनै सूचना प्राप्त भएको छैन ।
ख) वित्तीय संस्थाका सञ्चालकले वा सञ्चालकको विरुद्धमा प्रचलित नियमको अवज्ञा, फौजदारी तथा आर्थिक अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर गरेको वा भएको कुनै जानकारी प्राप्त भएको छैन ।
४. वित्तीय संस्थाको शेयर कारोबार सम्बन्धी विश्लेषण :
क) यस त्रैमासिक अवधिमा दोस्रो बजारको शेयर कारोबार हेर्दा उत्साहजनक रुपमा कारोबार भएको देखिन्छ ।
ख) नेपाल स्टक एक्सचेन्ज लिमिटेडको वेबसाइट www.nepalstock.com अनुसार यस त्रैमासको अवधिमा यस वित्तीय संस्थाको शेयर मूल्य तथा कारोबार निम्नानुसार रहेको थियो ।
अधिकतम मूल्य न्यूनतम मूल्य अन्तिम मूल्य कारोबार दिन कारोबार संख्या
रु. १००४.२० रु. ७३५.०० रु. ७७२.६० ६४ २७५०
५. समस्या तथा चुनौती :
> सदस्यहरूमा वित्तीय साक्षरताको कमी ।
> सदस्यहरू व्यावसायिक नहुनु तथा वैकल्पिक आयस्रोत समेत नहुनु ।
> सदस्यहरूमा सामूहिक जमानीको भावनामा ह्रास आउनु ।
> दक्ष कर्मचारीहरू पलायन ।
> देशमा देखिएको आर्थिक शिथिलता ।
> शहरमुखी तथा तराई केन्द्रित बसाइँसराई ।
> पहाडी तथा हिमाली क्षेत्रमा सेवा प्रवाह गर्न कठिनाई तथा न्यून उत्पादकत्व ।
> समय सापेक्ष प्रविधिमा गर्नु पर्ने उच्च लगानीको समस्या ।
६. संस्थागत सुशासन :
क) नेपाल राष्ट्र बैंक तथा अन्य नियमनकारी निकायबाट जारी गरिएको संस्थागत सुशासन लगायतका निर्देशनहरू पालना गर्नुको साथै प्रचलित ऐनहरूको पूर्ण परिपालन गरिएको छ ।
ख) संस्थाले आफ्नो कारोबारलाई चुस्त, दुरुस्त छिटो छरितो एवं आन्तरिक नियन्त्रण प्रणालीलाई प्रभावकारी बनाउन आवश्यक समितिहरू सक्रिय रहेका छन् । संस्थाको आन्तरिक लेखापरीक्षण नियमित रुपमा गर्ने गरिएको छ ।
७. सत्य तथ्य सम्बन्धमा कार्यकारी प्रमुखको उद्घोषण :
यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरूको शुद्धता सम्बन्धमा म व्यक्तिगत रुपमा उत्तरदायित्व लिन्छु । साथै, म यो उद्घोषण गर्दछु कि मैले जाने बुझेसम्म यस प्रतिवेदनमा उल्लेखित विवरणहरू सत्य, तथ्य र पूर्ण छन् र लगानीकर्ताहरूलाई सुसूचित निर्णय लिन आवश्यक कुनै विवरण, सूचना तथा जानकारीहरू लुकाइएको छैन ।
Unaudited Financial Result (Quarterly)
As at the end of Fourth Quarter (2080/03/31) of the fiscal year 2079/080
Condensed Consolidated Statement of Financial Position
(As on 4th Quarter Ended ) 31st Asar 2080
Amount in NPR
| Particulars This Quarter Ending Immediate Previous Year Ending | ||
| Assets | ||
| Cash and Cash equivalent | 245,430,851 | 289,155,668 |
| Statutory Balances and Due from Nepal Rastra Bank | 25,672,750 | 22,672,750 |
| Placement with Bank & Financial Institutions | 55,383,399 | 59,272,821 |
| Derivative Financial Instruments | - | - |
| Other Trading Assets | - | - |
| Loans and Advances to MFIs & Cooperatives | - | - |
| Loans and Advances to Customers | 5,340,691,974 | 4,754,584,488 |
| Investment Securities | 2,000,000 | 2,000,000 |
| Current Tax Assets | - | 13,470,699 |
| Investment Property | - | - |
| Property and Equipment | 78,977,500 | 78,687,690 |
| Goodwill and Intangible assets | 704,417 | 342,206 |
| Deferred Tax Assets | 7,423,142 | 7,423,142 |
| Other Assets | 28,987,859 | 29,853,310 |
| Total Assets | 5,785,271,892 | 5,257,462,774 |
| Liabilities | ||
| Due to Bank and Financial Institutions | - | - |
| Due to Nepal Rastra Bank | - | - |
| Derivative Financial Instrument | - | - |
| Deposits from Customers | 2,036,909,234 | 1,662,520,219 |
| Borrowing | 2,793,510,153 | 2,791,769,991 |
| Current Tax Liabilities | 15,944,275 | - |
| Provisions | 7,791,218 | 6,230,131 |
| Deferred Tax Liabilities | - | - |
| Other Liabilities | 129,574,347 | 115,136,853 |
| Debt Securities Issued | - | - |
| Subordinated Liabilities | - | - |
| Total Liabilities | 4,983,729,227 | 4,575,657,194 |
| Equity | ||
| Share Capital | 448,461,535 | 407,692,305 |
| Share Premium | - | - |
| Retained Earnings | 100,775,485 | 55,555,920 |
| Reserves | 252,305,645 | 218,557,355 |
| Total Equity | 801,542,665 | 681,805,580 |
| Total Liabilities and Equity | 5,785,271,892 | 5,257,462,774 |
Statement Of Distributable Profit or loss
For the 4th Quarter ended (31st Asar 2080)
Amount in NPR
Net Profit for the period end (4th quarter) 122,883,804
1. Appropriation 34,644,684
1.1 Profit required to be appropriated to: 27,648,856
a. General Reserve 24,576,761
b. Capital Redemption Reserve -
c. Exchange Fluctuation Fund -
d. Corporate Social Responsibility Fund 1,228,838
e. Employee Training Fund -
f. Client Protection Fund 1,843,257
g. Other -
1.2 Profit required to be transferred to Regulatory Reserve: 6,995,828
a. Transferred to Regulatory Reserve 6,995,828
b. Transferred from Regulatory Reserve -
Net Profit for the period end 4th quarter available for distribution 88,239,120
Annualized Distributable Profit /Loss per Share 19.68
Notes :
1 The above financial statements has been prepared in accordance with the Directives issued by Nepal Rastra Bank. However, results depicted in the financial statements were prepared in accordance with GAAP.
2 Loans and Advances to Customers are presented net off of Impairment Charges.
3 Employee Benefit Expenses includes Staff Bonus & employee benefit obligation has been presented ignoring actuarial valuation.
4 Current Tax Liabilities & Current Tax Assets has been netted off in Statement of Financial Position.
5 Accrued Interest Income on Loans and advances except non performing loan has been included in Interest Income.
6 During this quarter, loans and advances are secured by Deposit and Credit Guarantee Fund, consequently loan loss provision has been reduced as per the directives issued by NRB.
7 The above figures are subject to change upon otherwise as per the direction of the Regulators and / or Statutory Auditors.
Interest rate
Deposit: 7.50%
Loans & Advance: 13.10% -15%
Related to Schedule 14 (Sub-rule (1) of Rule 26) of Securities Registration and Issue Regulations, 2073
Fourth Quarter Report of FY 2079/080
1. Financial Statements:
a) Statement of Balance Sheet, Profit and Loss for the Quarterly Period:
The Unaudited financial statements of the fourth quarter period of FY 2079/080 comprising Balance Sheet, Profit and Loss Account, Distributable Profit, and related financial indicators have been published herewith. These are also available on the financial institution's website www.kalikabank.com.np.
b) Major Financial Ratios:
Condensed Statement of Profit or Loss
Amount in NPR
| Particulars Current Year This Quarter Current Year Upto This Quarter (YTD) Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter (YTD) | ||||
| Interest Income | 208,209,949 | 743,476,033 | 184,564,539 | 642,112,109 |
| Interest Expense | 69,472,617 | 272,557,256 | 70,290,902 | 285,381,050 |
| Net Interest Income | 138,737,332 | 470,918,777 | 114,273,636 | 356,731,059 |
| Fee and Commission Income | 2,703,252 | 8,614,659 | 13,796,249 | 53,313,671 |
| Fee and Commission Expense | 264,993 | 734,993 | 2,988,590 | 4,501,095 |
| Net Fee and Commission Income | 2,438,259 | 7,879,666 | 10,807,658 | 48,812,576 |
| Net Interest, Fee and Commission Income | 141,175,591 | 478,798,443 | 125,081,295 | 405,543,635 |
| Net Trading Income | - | - | - | - |
| Other Operating Income | 21,288,971 | 63,685,245 | 753,919 | 3,032,160 |
| Total Operating Income | 162,464,562 | 542,483,687 | 125,835,214 | 408,575,795 |
| Impairment charge/(reversal) for loans and other losses | (100,574,739) | 53,050,720 | 63,166,272 | 63,733,195 |
| Net Operating Income | 263,039,301 | 489,432,967 | 62,668,942 | 344,842,600 |
| Operating Expense | 101,647,075 | 307,629,460 | 115,484,093 | 262,541,379 |
| Personnel Expenses | 76,461,607 | 231,264,352 | 53,385,028 | 207,158,026 |
| Other Operating Expenses | 20,867,514 | 72,047,154 | 53,651,852 | 46,936,140 |
| Depreciation & Amortization | 4,317,954 | 4,317,954 | 8,447,213 | 8,447,213 |
| Operating Profit | 161,392,226 | 181,803,508 | (52,815,151) | 82,301,221 |
| Non Operating Income | 164,957 | 208,913 | 327,574 | 327,574 |
| Non Operating Expense | 6,464,129 | 6,464,129 | - | 6,230,131 |
| Profit before Income Tax | 155,093,054 | 175,548,292 | (52,487,577) | 76,398,664 |
| Income Tax Expense | 46,527,916 | 52,664,487 | - | 46,026,953 |
| Current Tax | 46,527,916 | 52,664,487 | - | 23,098,525 |
| Deferred Tax | - | - | - | 22,928,428 |
| Profit for the Period | 108,565,138 | 122,883,804 | (52,487,577) | 30,371,711 |
| Condensed Statement of Comprehensive Income | ||||
| Particulars Current Year This Quarter Current Year Upto This Quarter (YTD) Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter (YTD) | ||||
| Profit / (Loss) for the Period | 108,565,138 | 122,883,804 | (52,487,577) | 30,371,711 |
| Other Comprehensive Income | - | - | - | - |
| Total Comprehensive Income | 108,565,138 | 122,883,804 | (52,487,577) | 30,371,711 |
| Annualized Basic Earnings Per Share | - | 27.40 | - | 7.45 |
| Diluted Earnings Per Share | - | 27.40 | - | 7.45 |
| Particulars Current Year This Quarter Current Year Upto This Quarter (YTD) Previous Year | Corresponding This Quarter Previous Year | Corresponding Upto This Quarter (YTD) |
|---|---|---|
| Ratios as per NRB Directive | ||
| Capital fund to RWA | - | - |
| Non-performing loan (NPL) to total loan | - | - |
| Total loan loss provision to Total NPL | - | - |
| Cost of Funds | - | - |
| Credit to Deposit and borrowing Ratio | - | - |
| Base Rate | - | - |
| Interest Rate Spread | - | - |
(Annualized) Net Worth Asset Value Ratio
27.40 28.20 148.73 1290.02 9.11
2. Management Analysis:
a) Details regarding major reasons if there is any change in the institution's balance, income, and liquidity during the quarterly period: Along with the expansion in deposit mobilization and loan investment of this financial institution, balance, income, and liquidity have relatively increased. Due to easy availability of investable capital in the market at low interest rates, loan expansion has become easier and interest expenses have also decreased.
b) Management's analytical details regarding business plans for the upcoming period:
Up to this quarter, the financial institution has successfully provided loan services to 29661 members by involving 96652 deprived households in microfinance programs through 109 branch offices in 50 districts. The financial institution has prepared and implemented an annual policy and program in addition to a 5-year business action plan. Furthermore, there is a plan to continue operating quality and reliable financial services while promoting financial literacy among members.
c) Analytical details regarding events, conditions, etc. from past experience that may have a material impact on the institution's balance, profit, or cash flows: Current adverse situation has affected deposit mobilization, loan investment, and recovery in this financial institution as well. Necessary strategies are being formulated and implemented to mitigate this.
3. Details Regarding Legal Proceedings:
a) During this period, legal proceedings were initiated against two employees involved in financial misappropriation under the Banking Offence and Punishment Act, 2064 at the High Court, Kaski, and the verdict has been issued in favor of the financial institution. Also, no notice of any lawsuit filed against the financial institution has been received so far.
b) No information has been received regarding any lawsuit filed by or against the directors of the financial institution concerning violation of prevailing rules, criminal offences, or financial crimes.
4. Analysis Regarding Share Transactions of the Financial Institution:
a) Looking at the share transactions in the secondary market during this quarterly period, trading appears to have been encouraging.
b) According to Nepal Stock Exchange Limited's website www.nepalstock.com, the share price and transactions of this financial institution during this quarter were as follows:
Maximum Price Minimum Price Closing Price Trading Days Total Transactions
Rs. 1004.20 Rs. 735.00 Rs. 772.60 64 2750
5. Problems and Challenges:
> Lack of financial literacy among members.
> Members lacking entrepreneurship and alternative sources of income.
> Decline in the spirit of group guarantee among members.
> Flight/migration of skilled personnel.
> Economic slowdown observed in the country.
> Urban-centric and Terai-centric migration.
> Difficulty in delivering services and low productivity in hilly and mountainous regions.
> High investment requirement in modern technology.
6. Corporate Governance:
a) Directives regarding corporate governance issued by Nepal Rastra Bank and other regulatory bodies are being complied with, along with full adherence to prevailing Acts.
b) Necessary committees are active to make the institution's operations efficient, prompt, and internal control systems effective. Internal audit of the institution is conducted regularly.
7. Declaration by Chief Executive Officer Regarding Accuracy:
I personally take responsibility for the accuracy of the information and details mentioned in this report. Furthermore, I declare that to the best of my knowledge and belief, the details mentioned in this report are true, factual, and complete, and no details, notices, or information necessary for investors to make informed decisions have been concealed.