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आधिकारिक सूचनाOfficial AnnouncementFinancial Analysis
10 Aug, 2026
नेरुडे मिर्मिरे लघुवित्त वित्तीय संस्थाको चौथो त्रैमासिक वित्तीय विवरण

नेरुडे मिर्मिरे लघुवित्त वित्तीय संस्थाको चौथो त्रैमासिक वित्तीय विवरणNerude Mirmire Laghubitta: Q4 Financial Statements

वर्ग:Category:
Financial Analysis
प्रकाशित मिति:Published:
Published on August 10, 2026

Unaudited Interim Financial Statement

Condensed Statement of Financial Position

As on Ashad End 2083

Amount in NPR

Particulars This Quarter Ending Immediate Previous Year Ending
Assets
Cash and Cash Equivalents393,150,125594,109,422
Statutory Balances & due from Nepal Rastra Bank50,204,12491,633,321
Placement with Bank and Financial Institutions410,278,970215,000,000
Derivative Financial Instruments--
Other Trading Assets--
Loans and Advances to MFIs & Co-operatives--
Loans and Advances to Customers19,322,380,82519,514,685,981
Investment Securities3,510,0003,510,000
Current Tax Assets183,596,286187,266,370
Investment Property--
Property and Equipment345,463,061343,883,939
Goodwill and Intangible Assets30,202,40330,202,403
Deferred Tax Assets104,199,130104,199,129
Other Assets116,417,94553,966,453
Total Assets20,959,402,86921,138,457,018
Liabilities
Due to Bank and Financial Institutions--
Due to Nepal Rastra Bank--
Derivative Financial Instruments--
Deposits from Customers7,696,727,8686,459,901,784
Borrowings9,773,306,89610,852,191,912
Current Tax Liabilities101,100,611-
Provisions--
Deferred Tax Liabilities--
Other Liabilities780,138,4681,351,664,302
Debt Securities Issued--
Subordinated Liabilities--
Total Liabilities18,351,273,84318,663,757,998
Equity
Share Capital1,397,764,2721,397,764,272
Share Premium--
Retained Earnings(121,922,334)(265,523,190)
Reserves1,332,287,0871,342,457,937
Total Equity2,608,129,0262,474,699,019
Total Liabilities and Equity20,959,402,86921,138,457,018
Net Assets Value per share186.59177.05

Condensed Statement of Distributable Profit or Loss

For the quarter Ended 32nd Ashad 2083

(As per NRB Regulation)

Amount in NPR

Particulars Current Year

Opening Retained Earnings Before Allocation(Adjusted) (265,523,189.62)

Adjustment (105,119,161.31)

Net profit or (loss) as per statement of profit or loss 235,901,424.90

Appropriations:

a. General reserve (47,180,284.98)

b. Foreign exchange fluctuation fund -

c. Capital redemption reserve -

d. Corporate social responsibility fund (2,359,014.25)

e. Employees' training fund -

f. Client Protection Fund (4,718,028.50)

g. Other -

Profit or (loss) before regulatory adjustment (188,998,253.76)

Regulatory adjustment :

a. Interest receivable (-)/previous accrued interest received (+) 67,075,920.25

b. Short loan loss provision in accounts (-)/reversal (+) -

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

d. Short loan loss provision on Non Banking Assets (-)/reversal (+) -

e. Deferred tax assets recognised (-)/ reversal (+) -

f. Goodwill recognised (-)/ impairment of Goodwill (+) -

g. Bargain purchase gain recognised (-)/resersal (+) -

h. Actuarial loss recognised (-)/reversal (+) -

i. Other (+/-) -

Other

Loan Loss Provision Write back -

Distributable profit or (loss) (121,922,333.50)

Annualized distributable profit/loss per share (8.72)

Notes :

1. The above unaudited 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). These figure may vary at the instances of statutory auditors and regulators.

2. The Loans and advance includes interest receivable & Staff Loan and are presented net of impairment loss.

3. Actuarial Valuation for defined benefit plans and staff leave have not been done for a reported period.

4. Personnel Expenses includes staff bonus provision allocated as per rule

5. Previous Period figures are regrouped/rearranged/restected wherever necessary for consistant presentation and comparison.

6. The above figures are subject to change as per the direction of Regulators and/or statutory auditors.

7. The detailed interim financial report has been published in our website http://www.nerudemirmire.com.np

Condensed Statement of Profit or Loss

For the quarter Ended 32nd Ashad 2083

Amount in NPR

Particulars This Quarter Current Year Upto This Quarter (YTD) Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter (YTD)
Interest Income702,644,2682,485,092,192760,099,5632,826,607,414
Interest Expense306,580,3391,190,729,692328,682,0111,377,769,932
Net Interest Income396,063,9291,294,362,499431,417,5521,448,837,482
Fee and Commission Income65,746,206212,285,488100,287,955234,040,331
Fee and Commission Expense376,6621,352,91575,1107,235,750
Net Fee and Commission Income65,369,544210,932,573100,212,845226,804,581
Net Interest, Fee and Commisson Income461,433,4731,505,295,072531,630,3981,675,642,063
Net Trading Income----
Other Operating Income21,1385,062,876--
Total Operating Income461,454,6111,510,357,948531,630,3981,675,642,063
Impairment Charge/ (Reversal) for Loans and Other Losses(946,299,961)148,169,166612,770,412942,387,629
Net Operating Income1,407,754,5721,362,188,782(81,140,014)733,254,434
Operating Expense
Personnel Expenses232,109,440823,698,280136,010,081724,235,556
Other Operating Expenses88,021,045204,437,32812,425,097154,013,105
Depreciation & Amortisation4,744,06111,000,75746,304,33856,076,007
Operating Profit1,082,880,026323,052,418(275,879,530)(201,070,235)
Non Operating Income633,30613,949,618(9,008,978)-
Non Operating Expense----
Profit Before Income Tax1,083,513,332337,002,036(284,888,508)(201,070,235)
Income Tax Expense101,100,611101,100,611(44,448,443)(18,530,934)
Current Tax101,100,611101,100,611(25,917,509)-
Deferred Tax--(18,530,934)(18,530,934)
Profit for the Year982,412,721235,901,425(240,440,066)(182,539,301)
Profit Attributable to:
Equity-holders of the Financial Institution982,412,721235,901,425(240,440,066)(182,539,301)
Non-controlling interest----
Profit for the Year982,412,721235,901,425(240,440,066)(182,539,301)

Condensed Statement of Comprehensive Income

For the quarter Ended 32nd Ashad 2083

Amount in NPR

Particulars Current Year This Quarter Current Year Up to This Quarter (YTD) Previous Year Corresponding This Quarter Previous Year Corresponding Up to This Quarter (YTD)

Profit for the Period982,412,721235,901,425(240,440,066)(182,539,301)
Total Comprehensive Income982,412,721235,901,425(240,440,066)(182,539,301)
Total Comprehensive Income for the Period982,412,721235,901,425(219,294,591)(161,393,826)
Earnig Per Share
Basic Earning per Share-16.88-(13.06)
Diluted earnings per share-16.88-(13.06)

Ratios as per NRB Directive

Particulars Current Year Up to This Quarter (YTD) Previous Year Corresponding Up to This Quarter (YTD)

Capital fund to RWA 9.38% 7.74%

Non-performing loan (NPL) to total loan 19.86% 31.64%

Total loan loss provision to Total NPL 41.43% 23.89%

Cost of Funds 6.27% 6.37%

Credit to Deposit and borrowing Ratio 110.60% 112.72%

Base Rate 12.12% 12.03%

Interest Rate Spread 8.63% 5.60%

Interest Rate

1. Deposits : 7.50% to 10%

2. Loan & Advance : 14.10% to 15%

धितोपत्र दर्ता तथा निष्काशन नियमावली, २०६४ को नियम २६ को उपनियम (१) संग सम्बन्धित अनुसूची-१४ बमोजिमको

आर्थिक वर्ष २०८२/०८३ को चौथो त्रैमासिक वित्तीय विवरण

१. वित्तीय विवरण :

क) त्रैमासिक अवधिको वासलात, नाफा नोक्सान सम्बन्धी विवरण : यस वित्तीय संस्थाको आ.व.२०८२/८३ को चौथो त्रैमासको अपरिस्कृत (Unaudited) वित्तीय विवरणहरू वासलात, नाफा नोक्सान हिसाब, बितरण योग्य मुनाफा र सो सग सम्बन्धित अनुसूचीहरू नेपाल वित्तीय प्रतिवेदन मान (NFRS) बमोजिम यसै साथ प्रकाशित गरिएको छ।

ख) प्रमुख वित्तीय अनुपातहरु :

प्रति शेयर आम्दानी (वार्षिकीकरण) मूल्य आम्दानी अनुपात प्रति शेयर नेटवर्थ प्रति शेयर कुल सम्पत्तिको मूल्य तरलता अनुपात

१६.८८ ३१.६९ १८६.५९ १,४९९ १०.१५

२. व्यवस्थापकीय विश्लेषण :

क) त्रैमासिक अवधिमा संस्थाको मौज्दात, आम्दानी र तरलतामा कानुनी तथा अन्य कारणले सम्बन्धी विवरण : समीक्षा अवधिमा खराब कर्जा असुलीमा आएको सुधार, निष्कृय कर्जामा भएको कमी तथा कर्जा नोक्सानी व्यवस्थापन खर्चमा आएका कारणले खुद आम्दानी तथा खुद मुनाफामा गत वर्षको तुलनामा सकारात्मक र सन्तोषजनक सुधार आएको छ। निक्षेप संकलनमा भएको वृद्धिले संस्थाको तरलता स्थिति तुलनात्मक रुपमा सवल देखिएको छ। नेपाल राष्ट्र बैंकबाट थप कर्जा नोक्सानी व्यवस्था समायोजन गर्न दिइएको निर्देशन पश्चात् पूँजी कोषमा दवाव पर्न गई संस्था शिघ्र सुधारात्मक कारवाहीको अवस्थामा रहेको भएतापनि समीक्षा अवधि सम्ममा पूँजीकोष स्वीकारयोग्य मापदण्ड वमोजिम नै कायम भई व्यवसायिक र बित्तीय उपलब्धि सुधारोन्मुख भई संस्था लयमा अगाडि बढ्न सफल भएको छ।

ख) आगामी अवधिको व्यवसायिक योजना सम्बन्धमा व्यवस्थापनको विश्लेषणात्मक विवरण : खराब कर्जा असुली र व्यवसाय प्रवर्दन गर्ने प्रक्रियालाई प्रभावकारी रुपमा अगाडि बढाई निष्कृय कर्जा अनुपातलाई न्यूनतम विन्दुमा ल्याउने, कर्जाको गुणस्तरमा वृद्धि गर्ने, निष्कृय कर्जा असुली अभियान सञ्चालन गरी सोको प्रभावकारिता वृद्धि गरी सन्तोषजनक व्यवसायिक उपलब्धि हासिल गर्ने, कर्मचारीहरुलाई आवश्यक तालिम दिई उनिहरुको क्षमता, कार्यकुशलता अभिवृद्धि गरी उत्पादकत्व बढाउने, अनुगमन, निरीक्षण कार्यलाई दुरुस्त बनाई चालू आर्थिक वर्षको योजना अनुसार सन्तोषजनक उपलब्धि हासिल गर्ने आगामी अवधिको व्यवसायिक योजना रहेको छ।

ग) विगतको अनुभवबाट संगठित संस्थाको मौज्दात, नाफा वा नगद प्रवाहमा असर पार्ने घटना अघि भएमा सो सम्बन्धी विश्लेषणात्मक विवरण : लघुवित्त क्षेत्रमा देखिएको असरव्यस्त प्रतिस्पर्धाले गर्दा व्यवसाय संचालन तथा विस्तारमा कारोबारमा असर परेको, कर्जा लगानी र असुलीमा कमी आई संस्थाको मौज्दात र मुनाफामा प्रभाव परेको भएता पनि कर्जाको गुणस्तर सुधार गर्ने, कर्जा जोखिम न्यूनीकरण गर्न, निष्कृय कर्जा असुली गर्ने कार्यलाई अभियानको रुपमा संचालन गरी संस्थागत सुशासनलाई उच्च प्राथमिकतामा राखी आगामी दिनमा वित्तीय संस्थाको मौज्दात, आम्दानी र तरलता सन्तोषजनक रहने गरी कार्य गरिनेछ।

३. कानुनी कारवाही सम्बन्धी विवरण :

क) यस त्रैमासिक अवधिमा संस्थाले कसैको विरुद्धमा कुनै मुद्दा दायर गरेको छैन र संस्थाको विरुद्धमा मुद्दा दायर भएको कुनै सूचना प्राप्त भएको छैन।

ख) संस्थाका संस्थापक वा संचालकले वा संस्थापक वा संचालकको विरुद्धमा प्रचलित नियमको अवस्था वा फौजदारी अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर गरेको वा भएको कुनै जानकारी प्राप्त भएको छैन।

ग) कुनै संस्थापक वा संचालक विरुद्ध आर्थिक अपराध सम्बन्धमा कुनै मुद्दा दायर गरेको वा भएको कुनै जानकारी प्राप्त भएको छैन।

४. वित्तीय संस्थाको शेयर कारोबार तथा प्रगति विश्लेषण :

क) धितोपत्र बजारमा हुने शेयर कारोबार सम्बन्धमा नेपाल स्टक एक्सचेन्ज लिमिटेडमा शेयर सूचीकृत भई सन्तोषजनक कारोबार भइरहेको छ।

ख) यस त्रैमासिक अवधिमा यस वित्तीय संस्थाको शेयरको कारोबार निम्नानुसार भएको देखिन्छ।

अधिकतम मूल्य न्यूनतम मूल्य अन्तिम मूल्य कारोबार कुल दिन कारोबार शेयर संख्या

६४५ ५२५ ५३४.९० ६४ ३,९५,६५८

५. समस्या तथा चुनौती :

लघुवित्त क्षेत्रमा देखिएको अस्वस्थ प्रतिस्पर्धाबाट सृजित समस्याहरु, लघुवित्त वित्तीय संस्थाहरु विरुद्ध संचालित भ्रामक गतिविधिहरु, लगानीयोग्य क्षेत्रको अभाव, कर्जा दुरुपयोग, अधिक ऋणभार, ऋण नतिर्ने प्रबृत्ति प्रमुख समस्या र चुनौतीको रुपमा देखिएको भई सोको उचित व्यवस्थापन गर्दै संस्थाले सन्तोषजनक रुपमा कार्यसंचालनका लागि प्रयास गरिरहेको छ।

६. संस्थागत सुशासन :

संस्थागत सुशासन संस्थागत विकास र व्यावसायिक प्रगतिको आधारस्तम्भ रहने भएकोले यस संस्थाले नेपाल राष्ट्र बैंकबाट जारी संस्थागत सुशासन सम्बन्धी निर्देशनाहरु पालना गर्नुका साथै प्रचलित ऐनहरुः कम्पनी ऐन २०६३, बैंक तथा बित्तीय संस्था सम्बन्धी ऐन २०७३, नेपाल राष्ट्र बैंक ऐन २०५८, धितो पत्र ऐन २०६३, आयकर ऐन २०५८ आदि पालना गर्दै आएको छ। संस्थामा बिद्यमान नियमावली, नीति, निर्देशिका, कार्यविधिहरुको कार्यान्वयन गरी आन्तरिक नियन्त्रण प्रणालीलाई व्यवस्थित गरिएको छ। साथै, आन्तरिक लेखापरीक्षण, बाह्य लेखापरीक्षण तथा नेपाल राष्ट्र बैंकबाट समय समयमा हुने सुपरिवेक्षणबाट प्राप्त सुझावहरुको पूर्ण पालना गर्दा संस्थागत सुशासनलाई सुदृढ बनाउन संचालकसमितिहरु समेत सक्रिय रहेका छन्।

७. सत्य तथ्यता सम्बन्धमा कार्यकारी प्रमुखको उद्घोषण :

आजका मितिसम्म यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरुको शुद्धता सम्बन्धमा म व्यक्तिगत रुपमा उत्तरदायित्व लिन्छु। साथै, म यो उद्घोषण गर्दछु कि मैले जानेबुझेसम्म यस प्रतिवेदनमा उल्लेखित विवरणहरु सत्य, तथ्य र पूर्ण छन् र लगानीकर्ताहरुलाई सुसूचित निर्णय लिन आवश्यक कुनै विवरण, सूचना तथा जानकारीहरु लुकाइएको छैन।

Unaudited Interim Financial Statement

Condensed Statement of Financial Position

As on Ashad End 2083

Amount in NPR

Particulars This Quarter Ending Immediate Previous Year Ending
Assets
Cash and Cash Equivalents393,150,125594,109,422
Statutory Balances & due from Nepal Rastra Bank50,204,12491,633,321
Placement with Bank and Financial Institutions410,278,970215,000,000
Derivative Financial Instruments--
Other Trading Assets--
Loans and Advances to MFIs & Co-operatives--
Loans and Advances to Customers19,322,380,82519,514,685,981
Investment Securities3,510,0003,510,000
Current Tax Assets183,596,286187,266,370
Investment Property--
Property and Equipment345,463,061343,883,939
Goodwill and Intangible Assets30,202,40330,202,403
Deferred Tax Assets104,199,130104,199,129
Other Assets116,417,94553,966,453
Total Assets20,959,402,86921,138,457,018
Liabilities
Due to Bank and Financial Institutions--
Due to Nepal Rastra Bank--
Derivative Financial Instruments--
Deposits from Customers7,696,727,8686,459,901,784
Borrowings9,773,306,89610,852,191,912
Current Tax Liabilities101,100,611-
Provisions--
Deferred Tax Liabilities--
Other Liabilities780,138,4681,351,664,302
Debt Securities Issued--
Subordinated Liabilities--
Total Liabilities18,351,273,84318,663,757,998
Equity
Share Capital1,397,764,2721,397,764,272
Share Premium--
Retained Earnings(121,922,334)(265,523,190)
Reserves1,332,287,0871,342,457,937
Total Equity2,608,129,0262,474,699,019
Total Liabilities and Equity20,959,402,86921,138,457,018
Net Assets Value per share186.59177.05

Condensed Statement of Distributable Profit or Loss

For the quarter Ended 32nd Ashad 2083

(As per NRB Regulation)

Amount in NPR

Particulars Current Year

Opening Retained Earnings Before Allocation(Adjusted) (265,523,189.62)

Adjustment (105,119,161.31)

Net profit or (loss) as per statement of profit or loss 235,901,424.90

Appropriations:

a. General reserve (47,180,284.98)

b. Foreign exchange fluctuation fund -

c. Capital redemption reserve -

d. Corporate social responsibility fund (2,359,014.25)

e. Employees' training fund -

f. Client Protection Fund (4,718,028.50)

g. Other -

Profit or (loss) before regulatory adjustment (188,998,253.76)

Regulatory adjustment :

a. Interest receivable (-)/previous accrued interest received (+) 67,075,920.25

b. Short loan loss provision in accounts (-)/reversal (+) -

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

d. Short loan loss provision on Non Banking Assets (-)/reversal (+) -

e. Deferred tax assets recognised (-)/ reversal (+) -

f. Goodwill recognised (-)/ impairment of Goodwill (+) -

g. Bargain purchase gain recognised (-)/resersal (+) -

h. Actuarial loss recognised (-)/reversal (+) -

i. Other (+/-) -

Other

Loan Loss Provision Write back -

Distributable profit or (loss) (121,922,333.50)

Annualized distributable profit/loss per share (8.72)

Notes :

1. The above unaudited 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). These figure may vary at the instances of statutory auditors and regulators.

2. The Loans and advance includes interest receivable & Staff Loan and are presented net of impairment loss.

3. Actuarial Valuation for defined benefit plans and staff leave have not been done for a reported period.

4. Personnel Expenses includes staff bonus provision allocated as per rule

5. Previous Period figures are regrouped/rearranged/restected wherever necessary for consistant presentation and comparison.

6. The above figures are subject to change as per the direction of Regulators and/or statutory auditors.

7. The detailed interim financial report has been published in our website http://www.nerudemirmire.com.np

Condensed Statement of Profit or Loss

For the quarter Ended 32nd Ashad 2083

Amount in NPR

Particulars This Quarter Current Year Upto This Quarter (YTD) Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter (YTD)
Interest Income702,644,2682,485,092,192760,099,5632,826,607,414
Interest Expense306,580,3391,190,729,692328,682,0111,377,769,932
Net Interest Income396,063,9291,294,362,499431,417,5521,448,837,482
Fee and Commission Income65,746,206212,285,488100,287,955234,040,331
Fee and Commission Expense376,6621,352,91575,1107,235,750
Net Fee and Commission Income65,369,544210,932,573100,212,845226,804,581
Net Interest, Fee and Commisson Income461,433,4731,505,295,072531,630,3981,675,642,063
Net Trading Income----
Other Operating Income21,1385,062,876--
Total Operating Income461,454,6111,510,357,948531,630,3981,675,642,063
Impairment Charge/ (Reversal) for Loans and Other Losses(946,299,961)148,169,166612,770,412942,387,629
Net Operating Income1,407,754,5721,362,188,782(81,140,014)733,254,434
Operating Expense
Personnel Expenses232,109,440823,698,280136,010,081724,235,556
Other Operating Expenses88,021,045204,437,32812,425,097154,013,105
Depreciation & Amortisation4,744,06111,000,75746,304,33856,076,007
Operating Profit1,082,880,026323,052,418(275,879,530)(201,070,235)
Non Operating Income633,30613,949,618(9,008,978)-
Non Operating Expense----
Profit Before Income Tax1,083,513,332337,002,036(284,888,508)(201,070,235)
Income Tax Expense101,100,611101,100,611(44,448,443)(18,530,934)
Current Tax101,100,611101,100,611(25,917,509)-
Deferred Tax--(18,530,934)(18,530,934)
Profit for the Year982,412,721235,901,425(240,440,066)(182,539,301)
Profit Attributable to:
Equity-holders of the Financial Institution982,412,721235,901,425(240,440,066)(182,539,301)
Non-controlling interest----
Profit for the Year982,412,721235,901,425(240,440,066)(182,539,301)

Condensed Statement of Comprehensive Income

For the quarter Ended 32nd Ashad 2083

Amount in NPR

Particulars Current Year This Quarter Current Year Up to This Quarter (YTD) Previous Year Corresponding This Quarter Previous Year Corresponding Up to This Quarter (YTD)

Profit for the Period982,412,721235,901,425(240,440,066)(182,539,301)
Total Comprehensive Income982,412,721235,901,425(240,440,066)(182,539,301)
Total Comprehensive Income for the Period982,412,721235,901,425(219,294,591)(161,393,826)
Earnig Per Share
Basic Earning per Share-16.88-(13.06)
Diluted earnings per share-16.88-(13.06)

Ratios as per NRB Directive

Particulars Current Year Up to This Quarter (YTD) Previous Year Corresponding Up to This Quarter (YTD)

Capital fund to RWA 9.38% 7.74%

Non-performing loan (NPL) to total loan 19.86% 31.64%

Total loan loss provision to Total NPL 41.43% 23.89%

Cost of Funds 6.27% 6.37%

Credit to Deposit and borrowing Ratio 110.60% 112.72%

Base Rate 12.12% 12.03%

Interest Rate Spread 8.63% 5.60%

Interest Rate

1. Deposits : 7.50% to 10%

2. Loan & Advance : 14.10% to 15%

Fourth Quarter Financial Statement of Fiscal Year 2082/083 As per Annexure-14 Related to Sub-rule (1) of Rule 26 of Securities Registration and Issue Regulations, 2064

1. Financial Statements:

a) Quarterly Balance Sheet, Profit and Loss Statement: The unaudited financial statements for the fourth quarter of F.Y. 2082/83 of this financial institution, including Balance Sheet, Profit & Loss Account, Distributable Profit and related schedules, are published herewith as per Nepal Financial Reporting Standards (NFRS).

b) Major Financial Ratios:

Earnings Per Share (Annualized) Price Earnings Ratio Net Worth Per Share Total Assets Value Per Share Liquidity Ratio

16.88 31.69 186.59 1,499 10.15

2. Management Analysis:

a) Statement regarding the institution's balance, income and liquidity during the quarterly period due to legal and other reasons: During the review period, positive and satisfactory improvements were achieved in net income and net profit compared to the previous year due to improvement in recovery of bad loans, reduction in non-performing loans, and lower loan loss management expenses. The increase in deposit collection has kept the institution's liquidity position relatively strong. Following directions from Nepal Rastra Bank to adjust additional loan loss provisions, there was pressure on the capital fund, placing the institution under prompt corrective action; however, by the end of the review period, the capital fund has been maintained according to acceptable standards, and business and financial performance are on a path of improvement, enabling the institution to move forward smoothly.

b) Management's analytical statement regarding future business plan: The future business plan for the coming period is to effectively advance the process of bad loan recovery and business promotion to bring the non-performing loan ratio to a minimum level, improve loan quality, launch a non-performing loan recovery campaign to increase its effectiveness and achieve satisfactory business results, provide necessary training to employees to enhance their skills, efficiency and productivity, strengthen monitoring and inspection work, and achieve satisfactory results as per the current fiscal year's plan.

c) Analytical details based on past experience regarding events affecting the institution's balance, profit, or cash flow: Unhealthy competition in the microfinance sector affected business operations and expansion; loan disbursement and recovery declined, impacting the balance and profit. Nevertheless, by improving loan quality, mitigating credit risk, and launching recovery campaigns for non-performing loans as a movement while placing high priority on corporate governance, the institution's balance, income, and liquidity will be maintained at satisfactory levels in the days ahead.

3. Legal Proceedings Details:

a) During this quarter, no lawsuit has been filed by the institution against anyone, and no notice has been received regarding any lawsuit filed against the institution.

b) No information has been received regarding any lawsuit filed by or against promoters or directors concerning violation of prevailing regulations or criminal offenses.

c) No information has been received regarding any lawsuit filed by or against any promoter or director concerning financial crimes.

4. Share Transaction and Progress Analysis of the Financial Institution:

a) Regarding share transactions in the securities market, the shares are listed on Nepal Stock Exchange Limited and transactions are taking place satisfactorily.

b) Share transactions of this financial institution during this quarter are as follows:

Maximum Price Minimum Price Closing Price Total Trading Days Total Traded Share Volume

645 525 534.90 64 3,95,658

5. Problems and Challenges:

Problems arising from unhealthy competition in the microfinance sector, misleading activities directed against microfinance institutions, lack of investable avenues, credit misuse, high debt burden, and default tendencies are major problems and challenges, and the institution is making efforts for satisfactory operations by managing them properly.

6. Corporate Governance:

Since corporate governance is the pillar of institutional development and business progress, the institution complies with corporate governance directives issued by Nepal Rastra Bank as well as prevailing laws including Companies Act 2063, Banks and Financial Institutions Act 2073, Nepal Rastra Bank Act 2058, Securities Act 2063, Income Tax Act 2058, etc. Internal control systems are organized by implementing existing rules, policies, guidelines, and procedures. Furthermore, the Board of Directors is active in strengthening corporate governance by fully adhering to recommendations from internal audit, external audit, and periodic supervisions by Nepal Rastra Bank.

7. CEO's Declaration on Truth and Accuracy:

I personally take responsibility for the accuracy of the information and details mentioned in this report as of today. Further, 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, information, or data necessary for investors to make informed decisions have been concealed.

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