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आधिकारिक सूचनाOfficial AnnouncementFinancial Analysis
14 Aug, 2026
निर्धन उत्थान लघुवित्तको चौथो त्रैमासिक वित्तीय विवरण सार्वजनिक

निर्धन उत्थान लघुवित्तको चौथो त्रैमासिक वित्तीय विवरण सार्वजनिकNirdhan Utthan Laghubitta Publishes Q4 Financial Report

वर्ग:Category:
Financial Analysis
प्रकाशित मिति:Published:
Published on August 14, 2026

निर्धन उत्थान लघुवित्त वित्तीय संस्था लिमिटेड

(नेपाल राष्ट्र बैंकबाट "घ" वर्गको इजाजतपत्रप्राप्त लघुवित्त वित्तीय संस्था)

केन्द्रीय कार्यालय

भगवतीबहाल, नक्साल, काठमाण्डौ

फोन नं. ०१-४५१३७११, ४५१३८४०

INTERIM FINANCIAL STATEMENTS

Condensed Statement of Financial Position

As on Quarter Ended 32th Ashad 2083

Assets This Quarter Ending Immediate Previous Year Ending

Cash and Cash equivalent1,586,305,8891,494,174,540
Statutory Balances and Due from Nepal Rastra Bank529,709,745482,682,625
Placement with Bank & Financial Institutions--
Derivative Financial Instruments--
Other Trading Assets--
Loans and Advances to MFIs & Cooperatives--
Loans and Advances to Customers26,758,824,85624,384,282,757
Investment Securities348,805,086356,598,656
Current Tax Assets92,635,952-
Investment Property--
Property and Equipment210,523,349216,859,816
Goodwill and Intangible assets2,425,1032,122,828
Deferred Tax Assets758,470,454758,470,454
Other Assets263,728,350318,394,469
Total Assets30,551,428,78428,013,586,145
Liabilities
Due to Bank and Financial Institutions--
Due to Nepal Rastra Bank--
Derivative Financial Instrument--
Deposits from Customers22,644,075,16820,828,033,665
Borrowing1,583,694,773983,057,313
Current Tax Liabilities-6,670,899
Provisions17,792,74517,792,745
Deferred Tax Liabilities--
Other Liabilities239,622,408267,489,426
Debt Securities Issued--
Subordinated Liabilities--
Total Liabilities24,485,185,09422,103,044,049
Equity
Share Capital2,742,683,7382,612,079,750
Share Premium510,111510,111
Retained Earnings309,089,063359,594,773
Reserves3,013,960,7782,938,357,462
Total Equity6,066,243,6905,910,542,096
Total Liabilities and Equity30,551,428,78428,013,586,145

Condensed Statement of Profit or Loss

For the Quarter ended 32th Ashad 2083

Particulars Current Year This Quarter Current Year Upto This Quarter Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter
Interest Income971,066,5203,678,963,1591,003,954,4013,711,851,040
Interest Expense481,047,9211,794,376,449493,065,6341,806,394,162
Net Interest Income490,018,5991,884,586,710510,888,7671,905,456,878
Fee and Commission Income88,011,829330,968,902681,701,994924,659,067
Fee and Commission Expense4,50749,1971,239,2591,283,949
Net Fee and Commission Income88,007,322330,919,705680,462,734923,375,117
Net Interest, Fee and Commission Income578,025,9212,215,506,4151,191,351,5012,828,831,995
Net Trading Income----
Other Operating Income7,439,81333,986,111(23,380,470)3,165,828
Total Operating Income585,465,7342,249,492,5261,167,971,0312,831,997,823
Impairment charge/(reversal) for loans and other losses(52,961,919)485,063,044(33,047,146)504,977,817
Net Operating Income638,427,6531,764,429,4821,201,018,1772,327,020,006
Operating Expense
Personnel Expenses275,691,045926,568,684377,028,2131,027,905,852
Other Operating Expenses30,935,277118,842,724(11,920,308)75,987,139
Depreciation & Amortization4,038,56614,034,57237,317,83547,313,841
Operating Profit327,762,765704,983,502798,592,4361,175,813,173
Non Operating Income54,637,1658,218,48752,385,9245,967,246
Non Operating Expense23,102,17624,592,1228,652,36410,142,310
Profit before Income Tax359,297,754688,609,867842,325,9961,171,638,109
Income Tax Expense163,338,839337,629,241(5,260,459)169,029,943
Current Tax163,338,839337,629,241434,705,784608,996,186
Deferred Tax--(439,966,244)(439,966,244)
Profit for the Period195,958,915350,980,626847,586,4551,002,608,166
Statement of Comprehensive Income
Particulars This Quarter Current Year Upto This Quarter Current Year This Quarter Previous Year Corresponding Upto This Quarter Previous Year Corresponding
Profit for the Period195,958,915350,980,626847,586,4551,002,608,166
Total195,958,915350,980,626847,586,4551,002,608,166
Earnings Per Share
Basic Earnings Per Share12.8038.38
Annualized Basic Earnings Per Share12.8038.38
Diluted Earnings Per Share12.8038.38

Statement of Distributable Profit or Loss

For the Quarter ended 32th Ashad 2083

(As per NRB Regulation)

Particulars Current Year Upto This Qtr YTD Previous Year Corresponding Qtr YTD

Net profit or (loss) as per statement of profit or loss350,980,6261,002,608,166
Appropriations:
a. General reserve70,196,125200,521,633

b. Foreign exchange fluctuation fund -

c. Capital redemption reserve -
d. Corporate social responsibility fund3,509,80610,026,082
e. Employees' training fund7,311,2219,876,179
f. Client Protection Fund7,019,61315,039,122
g. Other -
-Transfer from Restructure and Reschedule Reserve-(288,569,278)
-Transfer from Investment Adjustment Reserve-(1,500,000)
Profit or (loss) before regulatory adjustment262,943,8611,057,214,427
Regulatory Adjustment :
a. Interest receivable (-)/previous accrued interest received (+)-(71,571,923)

b. Short loan 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 recognized (-)/ reversal (+) - (454,818,745)

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

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

h. Actuarial loss recognized (-)/reversal (+) - (34,655,837)

i. Other (+/-) -

Total of Regulatory Reserve :-(561,046,506)
Net Profit for the period available for Distribution262,943,861496,167,921
Opening Retained Earning359,594,772(136,573,150)

Adjustment (+/-) -

Distribution 313,449,570 -

Bonus Shares issued130,603,988-
Cash Dividend paid182,845,583-
Total Distributable profit309,089,063359,594,771
Annualised Distributable Profit/Loss per share11.2718.36

Notes:

1. Above financial statements are prepared in accordance with Nepal Financial Reporting Standards(NFRS) and certain Carve-outs issued by the Institute of Chartered Accountants ofNepal (ICAN) These figures may vary at the instances of statutory auditors and regulators.

2. The detailed interim financial report has been published in the website (https://www.nirdhan.com.np)

3. Loans and Advances are presented net of impairment charges and includes staff loans

4. Actuarial Valuation will be Done for Employee Benefits

5. Personnel Expenses also include employee's bonus provision.

6. The above figures are subject to change upon otherwise as per the direction of the Regulators and/or Statutory Auditor

ब्याजदर

बचत तथा निक्षेपमा: वार्षिक ७.५०% देखि ९.००% सम्म

कर्जामा: वार्षिक १०% देखि १५% सम्म

Ratios as per NRB Directive

Particulars Current Year This Quarter Current Year Upto This Quarter Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter

Capital fund to RWA 12.11% 14.14%

Non-performing loan (NPL) to total loan 12.80% 9.91%

Total loan loss provision to Total NPL 96.49% 119.40%

Cost of Funds 8.04% 8.23%

Credit to Deposit and borrowing Ratio 120.76% 121.14%

Base Rate 12.46% 13.06%

Interest Rate Spread 6.61% 6.13%

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

आ.व. २०८२/०८३ को चौथो त्रैमासिक अवधिको विवरण

१. वित्तीय विवरण :

क) यस त्रैमासिक अवधिको वित्तीय अवस्था, नाफा-नोक्सान विवरण, वितरण योग्य मुनाफा तथा प्रमुख वित्तीय अनुपात यसै साथ प्रकाशित गरिएको छ ।

ख) प्रमुख वित्तीय अनुपातहरू:

प्रति शेयर आम्दानी १२.८ मूल्य आम्दानी अनुपात ४९.६२ प्रति शेयर नेटवर्थ २२१.१८ प्रति शेयर कुल सम्पत्तिको मुल्य १,११३.९२ तरलता अनुपात १०.३५%

२. व्यवस्थापकीय विश्लेषण:

क) त्रैमासिक अवधिमा संस्थाको मौज्दात, आम्दानी र तरलतामा कुनै परिवर्तन भएको भए सोको प्रमुख कारण सम्बन्धी विवरण : त्रैमासिक अवधिमा यस संस्थाको आम्दानी गत आ.व. को समीक्षा अवधिको तुलनामा सन्तोषप्रद रहेको छ। समीक्षा अवधिमा कर्जा लगानी, बचत परिचालनमा वृद्धि भएकोछ । आगामी दिनमा उपलब्ध श्रोत साधनको सहि तरहले प्रयोग गर्दै विपन्न वर्गका ऋणीहरुको आवश्यकता पुरा गर्न तथा संस्थागत लक्ष्य हाँसिल गर्न संस्था कटिवद्ध रहेकोछ ।

ख) आगामी अवधिको व्यवसायिक योजना सम्बन्धमा व्यवस्थापनको विश्लेषणात्मक विवरण : यस वित्तीय संस्थाले देशका ७७ वटै जिल्लाका १८४ वटा स्थानिय निकायमा १८५ शाखा कार्यालयहरू मार्फत वित्तीय सेवा प्रदान गर्दै आइरहेको छ । संस्थाले कार्यक्रम विस्तार गर्दा सेवाको पहुँच नपुगेका विपन्न घर परिवारलाई प्राथमिकतामा राख्ने कार्यलाई निरन्तरता दिएको छ । आ.व. २०८२/०८३ को चौथो त्रैमाससम्ममा यस संस्थाले कुल ४,०४,६६५ घरधुरीमा लघुवित्त सेवा प्रदान गरेको छ ।

संस्थाले आफ्ना ग्राहक सदस्यहरुको क्षमता अभिवृद्धि गर्न, उद्यमशीलता विकास गर्न, व्यवसाय विस्तार गर्न व्यवसायिक साक्षरता, वित्तीय साक्षरता, अन्तरक्रिया कार्यक्रम, सिप विकास तथा उद्यमशीलता तालिम प्रदान गर्ने कार्यलाई प्राथमिकतामा राखी कार्यन्वयन गरेको छ । गुणस्तरीय लघुवित्त सेवा प्रदान गर्न संस्था पूर्णरुपमा प्रतिवद्ध रहेको छ । ग्राहकहरुलाई प्रभावकारीरुपमा संचालन गर्न कर्मचारीहरुलाई आवश्यक व्यवसायिक तालिम तथा अन्तरक्रिया कार्यक्रममा सहभागी गराई ग्राहकमैत्री सेवा प्रदान र सम्वन्ध विस्तारमा जोड दिइएको छ । ग्राहक सदस्यहरुको समय सापेक्ष चाहना र आवश्यकता अनुसार सेवालाई परिस्कृत गरि थप ग्राहक/सदस्यमैत्री हुन व्यवस्थापन सदैव प्रतिवद्ध छ ।

ग) विगतको अनुभवबाट संगठित संस्थाको मौज्दात, नाफा वा नगद प्रवाहमा तात्विक असर पार्न सक्ने घटना, अवस्था आदि भएमा सो सम्बन्धी विश्लेषणात्मक विवरण : यस अवधिमा लगानीमा रहेको कर्जामा वृद्धि भएको छ । संचालन मुनाफामा गत आ.व. को तुलनामा कमि भएको छ । प्रयोजन अनुसार व्यवसायिक कर्जा उपयोग गराई कर्जा गुणस्तर कायम राख्ने कार्यमा जोड दिइएकोछ । देशमा आर्थिक क्रियाकलाप अपेक्षितरुपमा चलायमान हुन नसकेकाले संस्थाको मौज्दात, नाफा वा नगद प्रवाहमा असर पार्न सक्ने देखिन्छ । तथापी विगतको अनुभवको आधारमा विद्यमान जोखिम न्यूनीकरण गर्न सकिने तथा संस्थाले तय गरेका कार्यनीतिहरुले आगामी आर्थिक वर्षमा लक्ष्य प्राप्तहुनेमा व्यवस्थापन आशावादी रहेकोछ ।

३. कानुनी कारवाही सम्बन्धी विवरण :

क) यस 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 संस्थापक वा संचालकको विरुद्धमा प्रचलित नियमको अवज्ञा वा फौजदारी अपराध गरेर सम्बन्धमा कुनै मुद्दा दायर गरेको वा भएको कुनै जानकारी प्राप्त भएको छैन ।

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

४. संगठित संस्थाको शेयर कारोवार सम्बन्धी विश्लेषण :

क) दोस्रो वजारमा हुने शेयर कारोवारको मुल्य खुला वजारले निर्धारण गरे अनुरुप हुने संस्थाको धारणा रहेकोछ । यस संस्थाको शेयर कारोवार सन्तोषजनक नै रहेको छ ।

ख) नेपाल स्टक एक्सचेन्ज लिमिटेडको वेबसाइट www.nepalstock.com अनुसार गत त्रैमासिक अवधि (२०८३ वैशाख १ देखि आषाढ मसान्त सम्म) मा यस संस्थाको शेयर कारोवार विवरण :

अधिकतम मूल्य ७०३ न्यूनतम मूल्य ५८२.२० अन्तिम मूल्य ६३५ कारोवार दिन ६४ कारोवार संख्या २७२६

५. समस्या तथा चुनौती:

क) ग्राहकवर्गमा वित्तीय अनुशासनको कमि हुनु ।

ख) कर्जाको गुणस्तरमा अभिवृद्धि गर्न तथा निष्कृय कर्जाको न्यूनिकरण गर्न ।

ग) ग्राहकको क्षमताभन्दा वढि कर्जा प्रवाह हुनु ।

घ) संस्थाको संचालन खर्चमा हुने वृद्धिको कारण आधारदरमा बढोत्तरी भएकाले मितव्ययीता अपनाउनु पर्ने ।

ङ) लघुवित्त विरोधी गतिविधिहरुको अभियानले फिल्डस्तरमा प्रभावकारी कार्य वातावरण नहुनु ।

६. संस्थागत सुशासन:

संस्थागत सुशासन कायम गर्न संस्था सदैव प्रतिवद्ध रहेको छ । संस्थाले नेपाल राष्ट्र बैंकबाट जारी संस्थागत सुशासन लगायतका निर्देशनाहरु पालना गर्नुको साथै प्रचलित ऐन तथा कानुनहरुको पालनामा गर्व आएको छ । संस्थाको प्रवन्धपत्र, नियमावली, कर्मचारी सेवा विनियमावली, आर्थिक प्रशासन विनियमावली, आन्तरिक लेखापरीक्षण निर्देशिका, व्यवस्थापन सूचना प्रणाली नीति, सम्पत्ति दायित्व व्यवस्थापन नीति, लगानी नीति लगायतका नीति, नियम, निर्देशिकाहरु बनाई पालना गरिएको छ । त्यसैगरी लेखापरीक्षण समिति, जोखिम व्यवस्थापन समिति, कर्मचारी सेवा सुविधा समिति र सम्पत्ति शुद्धीकरण अनुगमन समिति गठन गरी कार्यान्वयनमा ल्याइएको छ ।

७. सत्य, तथ्यता सम्बन्धमा प्रमुख कार्यकारी अधिकृतको उद्घोषण:

आजका मितिसम्म यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरुको शुद्धता सम्बन्धमा म व्यक्तिगत रुपमा उत्तरदायित्व लिन्छु । मैले जाने बुझेसम्म यस प्रतिवेदनमा उल्लेखित विवरणहरु सत्य, तथ्य र पूर्ण छन् । लगानीकर्ताहरुलाई आवश्यक निर्णय लिन कुनै विवरण, सूचना तथा जानकारीहरु लुकाइएको छैन ।

INTERIM FINANCIAL STATEMENTS

Condensed Statement of Financial Position

As on Quarter Ended 32th Ashad 2083

Assets This Quarter Ending Immediate Previous Year Ending

Cash and Cash equivalent1,586,305,8891,494,174,540
Statutory Balances and Due from Nepal Rastra Bank529,709,745482,682,625
Placement with Bank & Financial Institutions--
Derivative Financial Instruments--
Other Trading Assets--
Loans and Advances to MFIs & Cooperatives--
Loans and Advances to Customers26,758,824,85624,384,282,757
Investment Securities348,805,086356,598,656
Current Tax Assets92,635,952-
Investment Property--
Property and Equipment210,523,349216,859,816
Goodwill and Intangible assets2,425,1032,122,828
Deferred Tax Assets758,470,454758,470,454
Other Assets263,728,350318,394,469
Total Assets30,551,428,78428,013,586,145
Liabilities
Due to Bank and Financial Institutions--
Due to Nepal Rastra Bank--
Derivative Financial Instrument--
Deposits from Customers22,644,075,16820,828,033,665
Borrowing1,583,694,773983,057,313
Current Tax Liabilities-6,670,899
Provisions17,792,74517,792,745
Deferred Tax Liabilities--
Other Liabilities239,622,408267,489,426
Debt Securities Issued--
Subordinated Liabilities--
Total Liabilities24,485,185,09422,103,044,049
Equity
Share Capital2,742,683,7382,612,079,750
Share Premium510,111510,111
Retained Earnings309,089,063359,594,773
Reserves3,013,960,7782,938,357,462
Total Equity6,066,243,6905,910,542,096
Total Liabilities and Equity30,551,428,78428,013,586,145

Condensed Statement of Profit or Loss

For the Quarter ended 32th Ashad 2083

Particulars Current Year This Quarter Current Year Upto This Quarter Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter
Interest Income971,066,5203,678,963,1591,003,954,4013,711,851,040
Interest Expense481,047,9211,794,376,449493,065,6341,806,394,162
Net Interest Income490,018,5991,884,586,710510,888,7671,905,456,878
Fee and Commission Income88,011,829330,968,902681,701,994924,659,067
Fee and Commission Expense4,50749,1971,239,2591,283,949
Net Fee and Commission Income88,007,322330,919,705680,462,734923,375,117
Net Interest, Fee and Commission Income578,025,9212,215,506,4151,191,351,5012,828,831,995
Net Trading Income----
Other Operating Income7,439,81333,986,111(23,380,470)3,165,828
Total Operating Income585,465,7342,249,492,5261,167,971,0312,831,997,823
Impairment charge/(reversal) for loans and other losses(52,961,919)485,063,044(33,047,146)504,977,817
Net Operating Income638,427,6531,764,429,4821,201,018,1772,327,020,006
Operating Expense
Personnel Expenses275,691,045926,568,684377,028,2131,027,905,852
Other Operating Expenses30,935,277118,842,724(11,920,308)75,987,139
Depreciation & Amortization4,038,56614,034,57237,317,83547,313,841
Operating Profit327,762,765704,983,502798,592,4361,175,813,173
Non Operating Income54,637,1658,218,48752,385,9245,967,246
Non Operating Expense23,102,17624,592,1228,652,36410,142,310
Profit before Income Tax359,297,754688,609,867842,325,9961,171,638,109
Income Tax Expense163,338,839337,629,241(5,260,459)169,029,943
Current Tax163,338,839337,629,241434,705,784608,996,186
Deferred Tax--(439,966,244)(439,966,244)
Profit for the Period195,958,915350,980,626847,586,4551,002,608,166
Statement of Comprehensive Income
Particulars This Quarter Current Year Upto This Quarter Current Year This Quarter Previous Year Corresponding Upto This Quarter Previous Year Corresponding
Profit for the Period195,958,915350,980,626847,586,4551,002,608,166
Total195,958,915350,980,626847,586,4551,002,608,166
Earnings Per Share
Basic Earnings Per Share12.8038.38
Annualized Basic Earnings Per Share12.8038.38
Diluted Earnings Per Share12.8038.38

Statement of Distributable Profit or Loss

For the Quarter ended 32th Ashad 2083

(As per NRB Regulation)

Particulars Current Year Upto This Qtr YTD Previous Year Corresponding Qtr YTD

Net profit or (loss) as per statement of profit or loss350,980,6261,002,608,166
Appropriations:
a. General reserve70,196,125200,521,633

b. Foreign exchange fluctuation fund -

c. Capital redemption reserve -
d. Corporate social responsibility fund3,509,80610,026,082
e. Employees' training fund7,311,2219,876,179
f. Client Protection Fund7,019,61315,039,122
g. Other -
-Transfer from Restructure and Reschedule Reserve-(288,569,278)
-Transfer from Investment Adjustment Reserve-(1,500,000)
Profit or (loss) before regulatory adjustment262,943,8611,057,214,427
Regulatory Adjustment :
a. Interest receivable (-)/previous accrued interest received (+)-(71,571,923)

b. Short loan 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 recognized (-)/ reversal (+) - (454,818,745)

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

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

h. Actuarial loss recognized (-)/reversal (+) - (34,655,837)

i. Other (+/-) -

Total of Regulatory Reserve :-(561,046,506)
Net Profit for the period available for Distribution262,943,861496,167,921
Opening Retained Earning359,594,772(136,573,150)

Adjustment (+/-) -

Distribution 313,449,570 -

Bonus Shares issued130,603,988-
Cash Dividend paid182,845,583-
Total Distributable profit309,089,063359,594,771
Annualised Distributable Profit/Loss per share11.2718.36

Notes:

1. Above financial statements are prepared in accordance with Nepal Financial Reporting Standards(NFRS) and certain Carve-outs issued by the Institute of Chartered Accountants ofNepal (ICAN) These figures may vary at the instances of statutory auditors and regulators.

2. The detailed interim financial report has been published in the website (https://www.nirdhan.com.np)

3. Loans and Advances are presented net of impairment charges and includes staff loans

4. Actuarial Valuation will be Done for Employee Benefits

5. Personnel Expenses also include employee's bonus provision.

6. The above figures are subject to change upon otherwise as per the direction of the Regulators and/or Statutory Auditor

Interest Rates:

On Deposits: Annual 7.50% to 9.00%

On Loans: Annual 10% to 15%

Ratios as per NRB Directive

Particulars Current Year This Quarter Current Year Upto This Quarter Previous Year Corresponding This Quarter Previous Year Corresponding Upto This Quarter

Capital fund to RWA 12.11% 14.14%

Non-performing loan (NPL) to total loan 12.80% 9.91%

Total loan loss provision to Total NPL 96.49% 119.40%

Cost of Funds 8.04% 8.23%

Credit to Deposit and borrowing Ratio 120.76% 121.14%

Base Rate 12.46% 13.06%

Interest Rate Spread 6.61% 6.13%

Securities Registration and Issuance Regulation, 2073 Schedule 14 (Related to Rule 26 Sub-rule (1))

Report of the Fourth Quarter of F.Y. 2082/083

1. Financial Statements:

a) The financial condition, profit and loss statement, distributable profit and key financial ratios for this quarterly period have been published herewith.

b) Major Financial Ratios:

Earnings Per Share 12.80 Price Earnings Ratio 49.62 Net Worth Per Share 221.18 Total Assets Value Per Share 1,113.92 Liquidity Ratio 10.35%

2. Management Analysis:

a) Details regarding any changes in inventory, income, and liquidity of the institution during the quarterly period: The institution's income during the quarter remains satisfactory compared to the review period of the previous FY. Loan investment and deposit mobilization have increased during the review period. The institution is committed to meeting the needs of deprived-class borrowers and achieving institutional goals by properly utilizing available resources in the coming days.

b) Management's analytical statement regarding future business plans: This financial institution has been providing financial services through 185 branch offices across 184 local bodies in all 77 districts of the country. When expanding programs, the institution has continued to prioritize reaching unreached deprived households. Up to the fourth quarter of FY 2082/083, the institution has provided microfinance services to a total of 404,665 households.

The institution has prioritized and implemented programs such as commercial literacy, financial literacy, interaction programs, skill development, and entrepreneurship training to enhance client members' capacity, develop entrepreneurship, and expand business. The institution remains fully committed to providing quality microfinance services. To operate clients effectively, emphasis has been placed on client-friendly services and relationship expansion by involving employees in necessary business training and interaction programs. Management is always committed to refining services according to the timely aspirations and needs of client members to be even more client/member-friendly.

c) Analytical details of events, conditions, etc. from past experience that could have a material impact on the entity's inventory, profit, or cash flow: Loan investments increased during this period. Operating profit decreased compared to the previous fiscal year. Emphasis has been placed on ensuring loans are utilized for intended business purposes and maintaining loan quality. Since economic activities in the country could not be as dynamic as expected, it appears this could impact the institution's inventory, profit, or cash flow. However, based on past experience, existing risks can be minimized, and management remains optimistic about achieving targets in the coming fiscal year through strategies formulated by the institution.

3. Details Regarding Legal Proceedings:

a) No lawsuit has been filed by the institution against anyone during this period, 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 disobedience of prevailing rules or criminal offenses.

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

4. Analysis of Share Transactions of the Corporate Body:

a) The institution views that the market price of shares traded on the secondary market is determined by the open market. The share transactions of this institution have remained satisfactory.

b) According to Nepal Stock Exchange Limited's website www.nepalstock.com, details of share transactions of this institution during the past quarter (from 1 Baisakh 2083 to end of Ashad) are as follows:

Maximum Price 703 Minimum Price 582.20 Closing Price 635 Trading Days 64 Number of Transactions 2726

5. Problems and Challenges:

a) Lack of financial discipline among clients.

b) Enhancing loan quality and minimizing non-performing loans.

c) Disbursement of loans beyond client capacity.

d) Need to adopt austerity measures due to increase in base rate driven by rising operating costs.

e) Lack of an effective working environment at the field level due to campaigns of anti-microfinance activities.

6. Corporate Governance:

The institution is always committed to maintaining corporate governance. In addition to complying with corporate governance directives issued by Nepal Rastra Bank, it takes pride in following prevailing acts and laws. The institution has formulated and implemented Memorandum of Association, Articles of Association, Employee Service By-laws, Financial Administration By-laws, Internal Audit Guidelines, Management Information System Policy, Asset-Liability Management Policy, Investment Policy, etc. Similarly, an Audit Committee, Risk Management Committee, Employee Service and Facility Committee, and Anti-Money Laundering Monitoring Committee have been formed and operationalized.

7. Declaration by the Chief Executive Officer Regarding Truthfulness and Accuracy:

I personally take responsibility for the accuracy of the information and details mentioned in this report as of today. To the best of my knowledge and belief, the statements contained in this report are true, factual, and complete. No details, notices, or information necessary for investors to make decisions have been concealed.

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