एन आई सी एशिया बैंकको अठाइसौं वार्षिक साधारण सभा सूचनाNIC ASIA Bank's 28th Annual General Meeting Notice
- वर्ग:
- Financial Analysis
- प्रकाशित मिति:
- Updated on May 29, 2026
- जारीकर्ता:
- NEPSE Trading
- पढ्ने समय:
- 26 मिनेट
एन आई सी एशिया बैंक लिमिटेड
रजिष्टर्ड कार्यालयः ट्रेड टावर थापाथली, काठमाडौं वडा नं. ११
फोन नं.: +९७७-१-५११११७७/७८/७९, फ्याक्सः +९७७-१-५११११५०,
टोल फ्री नं.: १६६०-०१-६६६६६ (NTC), १८१७-०१-६६६६६ (NCELL)
सुझावको लागिः FB टाइप गरी ३४४८८ मा SMS पठाउनुहोस्,
अठाइसौं वार्षिक साधारण सभाको सूचना
मिति २०८१/०१/१० मा सम्पन्न यस बैंकको सञ्चालक समितिको ८५० औं बैठकको निर्णयानुसार बैंकको अठाइसौं वार्षिक साधारण सभा निम्न मिति, समय र स्थानमा निम्न विषयहरूमा छलफल तथा निर्णय गर्न बस्ने भएको हुँदा सम्पूर्ण शेयरधनी महानुभावहरूको जानकारीको लागि हार्दिक अनुरोध गर्दछौं ।
सभा बस्ने मिति, समय र स्थानः
मिति : २०८२ जेष्ठ १८ गते, सोमबार (तदनुसार १ जुन २०२५) ।
समय : बिहान ७:०० बजे ।
स्थान : आर्मी अफिसर्स क्लब, भद्रकाली, काठमाडौं ।
छलफल तथा निर्णयका लागि निर्धारित विषयसूचीः
(क) सामान्य प्रस्ताव
- यस बैंकको सञ्चालक समितिको प्रतिवेदन पारित गर्ने ।
- लेखापरीक्षकको प्रतिवेदन सहित २०८१ आषाढ मसान्तसम्मको वासलात र आ.व. २०८०/८१ को नाफा-नोक्सान हिसाब तथा नगद प्रवाह विवरण लगायतका वार्षिक वित्तीय विवरणहरू उपर छलफल गरी स्वीकृत गर्ने ।
- यस बैंक तथा यसका सहायक कम्पनी एन आई सी एशिया लघुवित्त वित्तीय संस्था लि. तथा एन आई सी एशिया क्यापिटल लि. को आ.व. २०८०/८१ को वित्तीय विवरण सहितको एकीकृत वित्तीय विवरण उपर छलफल गरी स्वीकृत गर्ने ।
- लेखापरीक्षण समितिको सिफारिस बमोजिम आर्थिक वर्ष २०८१/८२ को लागि बाह्य लेखापरीक्षक नियुक्त गर्ने र निजको पारिश्रमिक तोक्ने ।
- मिति २०७८/१२/२० मा सम्पन्न यस बैंकको २४३ औं वार्षिक साधारण सभाको निर्णयानुसार संस्थापक शेयरधनी समूहबाट ४ वर्षको लागि निर्वाचित सञ्चालक श्री तुलसीराम अग्रवालज्यूले मिति २०८१/०२/०६ मा सञ्चालक तथा अध्यक्षको पदबाट राजिनामा दिनुभएकोमा निजको राजिनामा मिति २०८१/०२/०६ मा सम्पन्न सञ्चालक समितिको ८६० औं बैठकको निर्णयानुसार स्वीकृत भएकोमा मिति २०८२/०२/०६ मा सम्पन्न सञ्चालक समितिको ८६३ औं बैठकको निर्णयानुसार बैंकको बाँकी कार्यकालको लागि काठमाडौं जिल्ला काठमाडौं महानगरपालिका वडा नं. २ लाजिम्पाट (स्थायी ठेगाना धनगढी उपमहानगरपालिका वडा नं. १ सुनसरी) निवासी श्री अशोक कुमार अग्रवालज्यूलाई नियुक्त गरेको निर्णयलाई अनुमोदन गर्ने ।
- मिति २०८१/१२/२० मा सम्पन्न यस बैंकको २४३ औं वार्षिक साधारण सभाको निर्णयानुसार साधारण शेयरधनी समूहबाट ४ वर्षको लागि निर्वाचित सञ्चालक श्री गणेश मान श्रेष्ठज्यूले मिति २०८१/०२/०६ मा सञ्चालक पदबाट राजिनामा दिनुभएकोमा निजको राजिनामा मिति २०८१/०२/०६ मा सम्पन्न सञ्चालक समितिको ८६० औं बैठकको निर्णयानुसार स्वीकृत भएकोमा मिति २०८२/०२/०६ मा सम्पन्न सञ्चालक समितिको ८६३ औं बैठकको निर्णयानुसार बैंकको बाँकी कार्यकालको लागि ललितपुर जिल्ला, ललितपुर महानगरपालिका वडा नं. १० निवासी श्री अनुज प्रधान राजभण्डारीज्यूलाई नियुक्त गरेको निर्णयलाई अनुमोदन गर्ने ।
- संस्थापक शेयरधनीहरूको तर्फबाट प्रतिनिधित्व गर्नुहुने ३ जना सञ्चालक र सर्वसाधारण शेयरधनीहरूको तर्फबाट प्रतिनिधित्व गर्नुहुने ३ जना सञ्चालकको निर्वाचन गर्ने ।
(ख) विशेष प्रस्ताव
- प्रचलित कानून एवं नियमनकारी व्यवस्थाअनुसारको अधिनमा रही सम्बन्धित निकायहरूबाट आवश्यक स्वीकृति प्राप्त गरी सञ्चालक समितिले प्रस्ताव गरे बमोजिम बैंकको तत्काल कायम रहेको साधारण शेयरको चुक्ता पूँजी रु. १४,७१,७५,६६,९२२/- (अक्षरेपी चौध अर्ब एकहत्तर करोड पचहत्तर लाख छैसठ्ठी हजार नौ सय बाइस रुपैयाँ) को ०.१ ९ अनुपातमा रु. २,७९,६३,३७७/- (अक्षरेपी सत्ताईस लाख छयानब्बे हजार तीन सय सतहत्तर रुपैयाँ) बराबरको प्रति कित्ता रु. १००/- (अक्षरेपी एक सय रुपैयाँ मात्र) को २,७९,६३,३७७ (सात करोड तिरासी लाख सत्ताईस हजार आठ सय पैंतीस) कित्ता हकप्रद शेयर जारी गर्न स्वीकृति प्रदान गर्ने । साथै, हकप्रद शेयर जारी गर्न सम्बन्धित निकायहरूको आवश्यक स्वीकृति प्राप्त गर्ने क्रममा फेरबदल, संशोधन वा थपघट गर्न निर्देशन वा सुझाव प्राप्त भएमा सोही बमोजिम गर्न सञ्चालक समितिलाई वा सञ्चालक समितिले तोकेको पदाधिकारीलाई अख्तियारी प्रत्यायोजन गर्ने ।
- बैंकको साबिक अधिकृत पूँजी रु. १७,००,००,०००/- (अक्षरेपी सत्र अर्ब रुपैयाँ) लाई वृद्धि गरी रु. २०,३८,००,०००/- (अक्षरेपी बीस अर्ब अठतीस करोड रुपैयाँ) बनाउन, साबिक तत्काल जारी पूँजी रु. १७,०१,७५,६६,९२२/- (अक्षरेपी सत्र अर्ब एक करोड पचहत्तर लाख छैसठ्ठी हजार नौ सय बाइस रुपैयाँ) लाई वृद्धि गरी रु. २०,३८,६३,५०,४९९/- (अक्षरेपी बीस अर्ब अठतीस करोड त्रिसठ्ठी लाख पचास हजार चार सय उनान्नब्बे रुपैयाँ) बनाउन र साबिक तत्काल चुक्ता पूँजी रु. १७,०१,७५,६६,९२२/- (अक्षरेपी सत्र अर्ब एक करोड पचहत्तर लाख छैसठ्ठी हजार नौ सय बाइस रुपैयाँ) लाई वृद्धि गरी रु. २०,३८,६३,५०,४९९/- (अक्षरेपी बीस अर्ब अठतीस करोड त्रिसठ्ठी लाख पचास हजार चार सय उनान्नब्बे रुपैयाँ) बनाउन स्वीकृति प्रदान गर्ने ।
- बैंकको प्रबन्धपत्र/नियमावली संशोधन स्वीकृतिका लागि सम्बन्धित निकायहरूबाट कुनै फेरबदल, संशोधन वा थपघट गर्न निर्देशन वा सुझाव प्राप्त भएमा सोही बमोजिम गर्न सञ्चालक समितिलाई वा सञ्चालक समितिले तोकेको पदाधिकारीलाई अख्तियारी प्रत्यायोजन गर्ने ।
- यस बैंकको रजिष्टर्ड (केन्द्रीय) कार्यालय काठमाडौं जिल्ला, काठमाडौं महानगरपालिका वडा नं. २८ कमलादी, पुजा मार्ग ५५ मा अवस्थित बैंकको आफ्नै भवनमा कायम गर्ने ।
(ग) विविध
- सम्पूर्ण शेयरधनी महानुभावहरूलाई शेयरधनी लाभांश वितरणको लागि बैंकको रजिष्टर्ड कार्यालयमा सम्पर्क गर्न अनुरोध छ ।
- वार्षिक साधारण सभामा भौतिक रूपमा भाग लिन इच्छुक शेयरधनी महानुभावहरूले शेयर प्रमाणपत्र/धितोपत्र (DEMAT) खाता खोलिएको प्रमाण र आफ्नो परिचय खुल्ने प्रमाण वा सोको प्रमाणित प्रतिलिपि (नागरिकता प्रमाणपत्र वा अन्य कुनै फोटो सहितको परिचयपत्र) अनिवार्य रूपमा साथमा लिई आउनुहुन अनुरोध छ । हाजिरी पुस्तिकाका बिहान ८ बजे देखि सभा चालु रहनेछ ।
- साधारण सभामा भाग लिन प्रतिनिधि (प्रोक्सी) नियुक्त गर्न चाहने शेयरधनीहरूले बैंकको सोधि समूहको अर्को शेयरधनीलाई मात्र प्रतिनिधि नियुक्त गर्न सक्नुहुनेछ । प्रचलित कानूनले तोकेको ढाँचामा प्रतिनिधिपत्र (प्रोक्सी) फारम भरी सभा शुरु हुनुभन्दा कम्तीमा ४८ घण्टा अगावै मिति २०८२/०२/१६ गते बिहान ७ बजे भित्र बैंकको रजिष्टर्ड कार्यालय, ट्रेड टावर नेपाल, थापाथली, काठमाडौंमा दर्ता गराई सक्नुपर्नेछ ।
- नाबालक वा मानसिक सन्तुलन ठीक नभएको शेयरधनीहरूका तर्फबाट शेयर लगत दर्ता किताबमा संरक्षकको रुपमा नाम दर्ता भएको महानुभावहरूले सभामा भाग लिन, मतदान गर्न वा प्रतिनिधी तोक्न सक्नु हुनेछ ।
- संयुक्त शेयर खरीद गरेका शेयरधनीहरूका शेयरधनी लगत दर्ता किताबमा पहिले नाम उल्लेख भएको व्यक्ति अथवा सर्वसम्मतले प्रतिनिधी नियुक्त गरिएको एक व्यक्तिले मात्र सभामा भाग लिन वा मतदान गर्न पाउनुहुनेछ ।
- सभामा भाग लिन प्रतिनिधि नियुक्त गरिसकेपछि सम्बन्धित शेयरधनीले आफैंले सभामा भाग लिन वा प्रतिनिधी फेरबदल गर्न चाहेमा सभा शुरु हुनुभन्दा कम्तीमा ४८ घण्टा अगावै सो को सूचना बैंकको रजिष्टर्ड कार्यालय, ट्रेड टावर नेपाल, थापाथली काठमाडौंमा दर्ता गराइसक्नुपर्नेछ अन्यथा प्रतिनिधि फेरबदल हुन सक्ने छैन । तर सभामा सम्बन्धित शेयरधनी स्वयं उपस्थित हुन आएमा प्रतिनिधिले जारिदिएको अख्तियारनामा स्वतः बदर हुनेछ ।
- छलफलको विषय मध्ये विशेष शिर्षक अन्तर्गत कुनै विशेष साधारण सभामा छलफल गर्नुपर्ने भएमा सञ्चालक समितिले सो को सूचना सभा शुरु हुनुभन्दा ७ दिन अगावै सो को सूचना बैंकको रजिष्टर्ड कार्यालयमा दर्ता गराइसक्नुपर्नेछ ।
- वार्षिक साधारण सभामा लाभांश वितरणको लागि मिति २०८२/०२/०६ गते देखि २०८२/०२/१८ गतेसम्म बैंकको शेयर दाखिल खारेज दर्ता बन्द रहनेछ । नेपाल स्टक एक्सचेञ्ज लिमिटेडमा मिति २०८२/०२/०६ गते भन्दा अगाडि कारोबार भई ६ कार्य दिनभित्र यस बैंकको शेयर रजिष्ट्रार एन आई सी एशिया क्यापिटल लि., थापाथली, काठमाडौंमा प्राप्त शेयर नामसारीको लिखतको आधारमा शेयरधनी दर्ता किताबमा कायम शेयरधनीहरूले सो सभामा भाग लिन तथा मतदान गर्न पाउन सक्नुहुनेछ ।
- सञ्चालक समितिको निर्णय बमोजिम मिति २०८२/०२/०६ मा बैंकको रजिष्टर्ड कार्यालयको शेयरधनी दर्ता किताबमा कायम शेयरधनीहरूलाई मात्र लाभांश वितरण गरिनेछ ।
- सुरक्षाको दृष्टिकोणले शेयरधनी महानुभावहरूलाई सभा स्थलमा झोला, ब्याग जस्ता वस्तुहरू नलिई आउनु हुन अनुरोध छ । आवश्यक देखिएमा सुरक्षाकर्मीले जाँच गर्न सक्ने हुँदा सो कार्यमा सहयोग गरिदिनु हुन समेत अनुरोध गरिन्छ ।
- अन्य जानकारीको लागि बैंकको रजिष्टर्ड कार्यालय, कमलादी, काठमाडौं स्थित सञ्चालक समितिको सचिवालय (टेलिफोन नं. ०१-५११११७७/७८) मा सम्पर्क गर्न समेत अनुरोध गरिन्छ ।
कम्पनी ऐन, २०६३ को दफा १०२(४) अनुसारको आ.व. २०८०/८१ को संक्षिप्त वार्षिक वित्तीय विवरण
आर्थिक वर्ष २०८०/८१ मा बैंकको कारोबारको सिंहावलोकन :
आर्थिक वर्ष २०८०/८१ को प्रगति विवरण संक्षेपमा निम्न अनुसार रहेको छ :
(रकम रु. दश लाखमा)
विवरण आषाढ मसान्त २०८१ आषाढ मसान्त २०८० वृद्धि (प्रतिशतमा)
| चुक्ता पूँजी | १४,७१६ | १४,७१६ | |
| निक्षेप | ३६०,५३७ | ३२३,५६० | ११.०६ |
| कर्जा लगानी | २८५,३३३ | २२९,३९६ | २४.३९ |
लगानी (१० दिनभन्दा कमको ट्रेजरी बिल्स बाहेक) ५१,२८४ ४०,४७० २६.७२
| कुल सम्पत्ति | ४१७,४६५ | ३७४,८४० | ११.३७ |
| सञ्चालन मुनाफा | ५,०३४ | (१,२९०) | ४९०.२३ |
| खुद नाफा | ३,०७३ | (३,०७३) |
खुद नाफा/कुल सम्पत्ति (प्रतिशत) ०.७४% (०.३४%) ३१७.६५
खुद नाफा/शेयरधनी (Return on Equity) (प्रतिशत) २.३८% (१.०३%) ३३१.०७
निष्क्रिय कर्जा/कुल कर्जा अनुपात (प्रतिशत) ३.४५% ८.१४% (५७.६२)
| प्रति शेयर आम्दानी (रु) | २१.३ | (२१.३) | ||||||||
| समीक्षा अवधिमा बैंकको कुल कर्जा | १६.१२ | २३९.३३ | १०.०६ | ३२३.५६ | ८.६८ | ३७४.८४ | ३१७.०३ | ६५७.३५ | ४.५१ | ३.८७ |
INDEPENDENT AUDITOR'S REPORT
TO THE SHAREHOLDERS OF NIC ASIA BANK LIMITED
Report on the Audit of the Consolidated Financial Statements
Opinion
We have audited the consolidated financial statements of NIC ASIA Bank Limited and its subsidiaries (referred to as the "Group"), which comprise the consolidated statement of financial position as at 32 Ashad 2082 (16 July 2025), and the consolidated statement of profit or loss, consolidated statement of comprehensive income, consolidated statement of cash flows, consolidated statement of changes in equity for the year 1 Shrawan 2081 to 32 Ashad 2082 (16 July 2025) and notes to the consolidated financial statements, including a summary of significant accounting policies.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at 32 Ashad 2082 (16 July 2025), its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with Nepal Financial Reporting Standards (NFRSs).
Basis for Opinion
We conducted our audit in accordance with Nepal Standards on Auditing (NSAs). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with ICAN's Handbook of Code of Ethics for professional accountants, together with the ethical requirements that are relevant to our audit of financial statements in Nepal, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAN's Handbook of Code of Ethics for Professional Accountants. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key Audit Matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
We have determined the matters described below to be the key audit matters to be communicated in our report.
a) Information Technology (IT) systems and controls impacting financial reporting in relation to the Bank
Key Audit Matter
The Bank's IT environment is complex and comprises a large number of independent and interdependent IT systems used in its operations to process and record a high volume of transactions across numerous locations.
How our audit addressed the key audit matter
In assessing integrity of the IT systems relevant to financial reporting, our team gained an understanding of the Bank's IT infrastructure and systems supporting its financial reporting process for the evaluation and testing of general IT controls and application controls.
We gathered a comprehensive understanding of the IT applications landscape implemented at the Bank. It was followed by process understanding, mapping applications to the same, and understanding the financial risks posed by people, processes, and technology.
We also assessed the operating effectiveness of controls over granting, removal and periodical review of access rights. We further tested the segregation of duties, including preventive controls to ensure that access to change applications, the operating system, or databases in the production environment was granted only to authorized personnel.
Other areas that were assessed under the IT control environment were whether requests for access to systems were appropriately logged, reviewed and authorized. Entity-level controls related to policy and procedure were also part of our audit.
Where deficiencies were identified, we tested compensating controls or performed alternate procedures.
b) Identification and provisioning for non-performing assets ('NPAs') in relation to the Bank
| Total Loans and Advances (Net of Provision) as at | 32 | 228,326 | 32 | 19,407 |
| (Refer to Notes 3.4, | 4.6 | 4.7 |
Key Audit Matter
The Guidance Note on Interest Income Recognition 2025, NFRS-9 Expected Credit Loss Related Guidelines 2024, Unified Directives issued by NRB, and provision of NFRSs, along with carve-outs issued by ICAN, prescribe the prudential norms for Income Recognition, Identification, Classification, and Provisioning of Non-Performing Loans and Advances.
The Bank is also required to apply its judgement to determine the identification and provision required against NPAs by applying quantitative as well as qualitative factors.
The risk of NPAs being identified is affected by factors such as stress and liquidity concerns in certain sectors.
The provisioning for identified NPAs is estimated based on ageing and classification of NPAs, recovery estimates, the value of security and other qualitative factors and is subject to the minimum provisioning norms specified by NRB. Further, in line with NFRS-9 (along with the carve-out issued by ICAN) and the Expected Credit Loss (ECL) Related Guidelines, 2024, issued by NRB, impairment is recognized at the higher of the provision as per NRB norms or the impairment loss computed under NFRS-9 ECL requirements.
As at 32 Ashad 2082, the total provision requirement as per NRB norms amounted to NPR 19,407 million while the impairment allowance determined under the NFRS-9 ECL model stood at NPR 14,598 million. In accordance with applicable requirements, the Bank has recognized the higher of the two amounts, i.e., NPR 19,407 million in Expected Credit Loss Related Guidelines, 2024 issued by NRB.
How our audit addressed the key audit matter
Our key procedures included, but were not limited to, the following:
a) Approval of new lending facilities against the Bank's credit policies and the performance of annual loan assessments.
b) Controls over the monitoring of credit quality which amongst other things included; the monitoring of overdue reports, drawing power limits, pending security creation.
c) Identification and classification of NPAs in line with NRB's Directives, the impairment requirement as per NFRS-9 and Expected Credit Loss Related Guidelines, 2024 issued by NRB.
d) Assessment of adequacy of NPA provisions being the higher of NRB norms and the impairment requirement as per NFRS-9 and Expected Credit Loss Related Guidelines, 2024 issued by NRB.
e) To test the identification of loans with default events and other triggers, we selected a sample of performing loans and independently assessed whether there was a need to classify such loans as NPAs.
f) Performed inquiries with the credit and risk departments to ascertain if there were indicators of stress or an occurrence of an event of default in a particular loan account or any product category that needed to be considered as NPA.
g) Held specific discussions with the management of the Bank on sectors where there is perceived credit risk and the steps taken to mitigate the risks in the identified sectors.
h) We tested the accuracy and completeness of the underlying data used in the ECL calculation.
i) Comparing the results of the ECL model against prudential provisioning requirements to ensure the higher of the two was recorded.
j) We assessed the incorporation of forward-looking information and management overlays into the ECL estimate.
Other Matters
As disclosed in Note 2 "Basis of preparation" of the consolidated financial statements, the financial statement of the subsidiary company - NIC ASIA Laghubitta Bittiya Sanstha Limited considered in the consolidated financial statements are certified by the management (not yet audited and approved by the regulatory body), and our opinion on the consolidated financial statements in so far as it relates to the amounts and disclosures included in respect of the subsidiary is based solely on such management certified financial statements.
We did not audit the financial statements of the subsidiary companies "NIC ASIA Capital Limited" and "NIC ASIA Laghubitta Bittiya Sanstha Limited", whose financial statements reflect total assets of NPR 22,396.96 million as at 32 Ashad 2082 (16 July 2025), total net profit after taxes, and net cash flows of NPR (332.18) million and NPR (11.3) million, respectively, for the year ended on 32 Ashad 2082 (16 July 2025). The financial statements have been audited by another auditor and the audit report of one of the subsidiary has been furnished to us by the management and our opinion on the consolidated financial statements, in so far as it relates to the amounts and disclosures included in respect of the subsidiary companies, is based solely on the report of another auditor.
Our opinion above on the consolidated financial statements, and our report on Other Legal and Regulatory requirements below, is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial statements / financial information certified by the management.
Information other than the Consolidated Financial Statements and Auditor's Report thereon
The Management is responsible for the other information. The other information comprises the information included in the annual report, including the report of the Board of Directors, but does not include the consolidated financial statements and our auditor's report which is expected to be made available to us after the date of this auditor's report.
Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the consolidated financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.
Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with NFRS, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to do so.
Those charged with governance are responsible for overseeing the Group's financial reporting process.
Auditor's Responsibility for Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with NSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.
As part of an audit in accordance with NSAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
* Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
* Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal control.
* Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
* Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
* Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
* Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
Report on the Other Legal and Regulatory Requirements
We have obtained information and explanations asked for, which, to the best of our knowledge and belief, were necessary for the purpose of our audit. In our opinion, the consolidated statement of financial position as at 32 Ashad 2082 (16 July 2025), the consolidated statement of profit or loss, the consolidated statement of comprehensive income, the consolidated statement of cash flows, and the consolidated statement of changes in equity and the consolidated statement of cash flows for the year have been prepared in the format prescribed by the Nepal Rastra Bank Unified Directives No. 4 and in accordance with the requirements of the Companies Act, 2063 and Section 59 of the Banks and Financial Institution Act, 2073 and are in agreement with the books of account maintained by the Bank, and proper books of account as required by law including relevant records relating to the preparation of the aforesaid financial statements have been kept by the Bank. In our opinion, the returns received from the branches were sufficient for the purpose of the audit though these statements were independently audited.
In our opinion, so far as appeared from our examination of the books, the Bank has maintained adequate capital funds and adequate provisions for possible impairment of assets in accordance with the directives of Nepal Rastra Bank.
To the best of our information and according to explanations given to us and so far appeared from our examination of the books of account of the Bank on a sample basis for the purpose of our audit, we have not come across cases where the Board of Directors or any employees of the Bank have acted contrary to the provisions of law relating to the accounts, or committed any misappropriation or caused loss or damage to the Bank and violated any directives of Nepal Rastra Bank or acted in a manner to jeopardize the interest and security of the Bank, its depositors and investors, except for the monetary fine imposed by Nepal Rastra Bank, through its letter to the Board of Directors of the Bank on 1 Poush 2082, on the former Chairman of the Board of Directors and the former Chief Executive Officer of the Bank (office bearer as on 32 Ashad 2082), pursuant to Section 100(2)(ga) of the Nepal Rastra Bank Act, 2058 (including the second amendment of 2073), for non-compliance with the provisions of the Banks and Financial Institutions Act 2073 and/or directives issued by NRB under it.
Shashi Satyal
Partner
PKF T R Upadhya & Co.
Chartered Accountants
124 Lal Colony Marg, Lal Durbar, Kathmandu, Nepal
Date:
UDIN No: 260212CA00008a5myh
Date: 12 February 2026
Consolidated Statement of Financial Position
As on Ashadh end, २०८२ (As at July १६, २०२५)
Amount in NPR
Group
Current Year Previous Year
Assets
| Cash and cash equivalent | २0,५३३,७९२,०२५ | ३६,०३८,४७७,८३९ |
| Due from Nepal Rastra Bank | ५९,२२४,५१४,०७० | १६,७४९,१६९,०६७ |
Placement with Bank and Financial Institutions - -
Derivative financial instruments. ४,९८५,१३८,४०८ ३,७५३,०२५,०९५
Other trading assets - २,८००,०००
| Loan and advances to B/FIs | ६,५५४,२०८,००० | ५,०४९,८५५,८०० |
| Loans and advances to customers | २३५,९९०,४९८,३१२ | २८६,६६९,७७६,७३५ |
| Investment securities | ४८,९०६,८०५,४१४ | ६०,५८२,१६४,४८४ |
| Current tax assets | २२६,५३८,२८१ | ६६५,४६९,१२९ |
Investment in subsidiaries - -
Investment in associates - -
| Investment property | ४,६४३,५९०,८९८ | ४,३६५,४१३,८१९ |
| Property and equipment | ४,७३४,८०९,२१४ | ५,५१८,४०३,८२४ |
| Goodwill and Intangible assets | १६०,२६२,२२८ | १८८,७४३,७४३ |
Deferred tax assets २,४६४,४८६,९८६ -
| Other assets | ४,८१९,४०४,०४५ | ६,४६६,०३५,६५२ |
| Total Assets | ३९३,२४४,०४७,८७८ | ४२६,०४९,३३४,८८७ |
Bank
Current Year Previous Year
Assets
| Cash and cash equivalent | १६,१६७,२१०,१०९ | २९,७५२,७६९,७२९ |
| Due from Nepal Rastra Bank | ५९,२२४,५१४,०७० | १६,७४९,१६९,०६७ |
Placement with Bank and Financial Institutions - -
Derivative financial instruments. ४,९८५,१३८,४०८ ३,७५३,०२५,०९५
Other trading assets - २,८००,०००
| Loan and advances to B/FIs | ९,८९९,२०८,००० | १०,९४९,८५५,८०० |
| Loans and advances to customers | २१८,४२६,६८९,१७७ | २७१,२५३,७२५,४१३ |
| Investment securities | ४८,५६९,९८८,०३४ | ६०,०८९,१९१,८६७ |
| Current tax assets | १४४,०८२,१४९ | ६२२,२५२,२३० |
| Investment in subsidiaries | १,१८४,५००,००० | १,१९४,५००,००० |
Investment in associates - -
| Investment property | ४,६३९,८४४,४३२ | ४,३६१,६६७,०५३ |
| Property and equipment | ४,४७१,५३२,९०७ | ५,२३३,०५५,००५ |
| Goodwill and Intangible assets | १५६,२८२,८२६ | १८०,७२८,३३७ |
Deferred tax assets २,३१६,९८२,२०० -
| Other assets | ४,६५३,८४६,५७० | ६,३२५,१०२,७०५ |
| Total Assets | ३७४,८३९,८१८,८८१ | ४१०,४६७,८४२,३०२ |
Group
Current Year Previous Year
Liabilities
Due to Bank and Financial Institutions ४,९०८,५८०,६६२ ५,३८८,३४४,२१३
Due to Nepal Rastra Bank - -
| Derivative financial instruments | ४,९७५,२४७,८६८ | ३,७४६,७१३,०२५ |
| Deposits from customers | ३२०,८४५,८९६,७११ | ३५५,०७०,७८०,२५२ |
| Borrowing | १७,१३२,७८७,३६४ | १५,१३२,६२०,७२७ |
Current Tax Liabilities - -
Provisions ३९,६६९,८०४ ३३,१८७,८१२
Deferred tax liabilities - ९२,३०३,८७२
| Other liabilities | ५,६१७,१००,०७५ | ४,५९७,७१२,४०० |
| Debt securities issued | १२,७३३,१७४,४४० | १०,७३७,३२९,०६३ |
Subordinated Liabilities - -
Total liabilities ३६६,२५२,४५६,९२५ ३९४,७९८,९८९,८२९
Bank
Current Year Previous Year
Liabilities
Due to Bank and Financial Institutions ७,३९३,९४९,०३६ ८,३४०,५९८,१४४
Due to Nepal Rastra Bank - -
| Derivative financial instruments | ४,९७५,२४७,८६८ | ३,७४६,७१३,०२५ |
| Deposits from customers | ३१९,०६५,८९७,४४४ | ३५४,०९६,८६४,८४० |
| Borrowing | १७,१३२,७८७,३६४ | १५,१३२,६२०,७२७ |
Current Tax Liabilities - -
Provisions - २३८,४६२,७५१
Deferred tax liabilities - -
| Other liabilities | ४,९७९,८९५,३२९ | ३,७८८,३६५,६४७ |
| Debt securities issued | १२,७३३,१७४,४४० | १०,७३७,३२९,०६३ |
Subordinated Liabilities - -
Total liabilities ३४९,१४८,१६४,११८ ३८०,९४८,३३३,४७०
Group
Current Year Previous Year
Equity
Share capital १४,९१७,५६६,९२२ १४,९१७,५६६,९२२
Share premium - -
| Retained earnings | (१०,८१९,९५८,३८५) | (२,५२७,२८५,७४३) |
| Reserves | २१,९६९,२७१,१५७ | १७,७६५,८१०,५७१ |
| Total equity attributable to equity holders | २६,०६६,८७९,६९४ | ३०,१५६,०९१,७५१ |
| Non-controlling interest | ९२४,७११,२५९ | १,०९४,२५३,३०७ |
| Total equity | २६,९९१,५९०,९५३ | ३१,२५०,३४५,०५७ |
| Total liabilities and equity | ३९३,२४४,०४७,८७८ | ४२६,०४९,३३४,८८७ |
Bank
Current Year Previous Year
Equity
Share capital १४,९१७,५६६,९२२ १४,९१७,५६६,९२२
Share premium - -
| Retained earnings | (१०,६७८,१६९,८४१) | (२,६६६,९७२,१७२) |
| Reserves | २१,४५२,२५७,६८२ | १७,२६८,९१४,०८२ |
| Total equity attributable to equity holders | २५,६९१,६५४,७६३ | २९,५१९,५०८,८३२ |
Non-controlling interest - -
| Total equity | २५,६९१,६५४,७६३ | २९,५१९,५०८,८३२ |
| Total liabilities and equity | ३७४,८३९,८१८,८८१ | ४१०,४६७,८४२,३०२ |
CASH FLOWS FROM FINANCING ACTIVITIES
Group
Current Year Previous Year
Receipt from issue of debt securities ४,९९०,८७६,५४९ -
Repayment of debt securities (३,०००,०००,०००) -
Receipt from issue of subordinated liabilities - -
Repayment of subordinated liabilities - -
Receipt from issue of shares - -
| Dividends paid | (५,२५३,०००) | (२८६,७४४,२४०) |
| Interest paid | (१,००८,३३४,२२३) | (१,०५०,५२९,०५०) |
Other receipt/payment - -
| Net cash flow from financing activities | ९७७,२८९,३२६ | (१,३३७,२७३,२९०) | ||
| Net increase (decrease) in cash and cash equivalents | (१५,५०४,६८५,८१४) | ११,६८०,७६१,३१६ | ||
| Cash and cash equivalents at Shrawan | १, | २०८१ | ३६,०३८,४७७,८३९ | २४,३५७,७१६,५२३ |
Effect of exchange rate fluctuations on cash and cash equivalents held - -
Cash and cash equivalents at Ashadh end २०८२ २०,५३३,७९२,०२५ ३६,०३८,४७७,८३९
Bank
Current Year Previous Year
Receipt from issue of debt securities ४,९९०,८७६,५४९ -
Repayment of debt securities (३,०००,०००,०००) -
Receipt from issue of subordinated liabilities - -
Repayment of subordinated liabilities - -
Receipt from issue of shares - -
Dividends paid - (१७६,५०३,२४०)
Interest paid (१,००८,३३४,२२३) (१,०५०,५२९,०५०)
Other receipt/payment - -
| Net cash flow from financing activities | ९८२,५४२,३२६ | (१,२२७,०३२,२९०) | ||
| Net increase (decrease) in cash and cash equivalents | (१३,५८५,५५९,६२०) | ९,५०७,२०६,२८७ | ||
| Cash and cash equivalents at Shrawan | १, | २०८१ | २९,७५२,७६९,७२९ | २०,२४५,५६३,४४२ |
Effect of exchange rate fluctuations on cash and cash equivalents held - -
Cash and cash equivalents at Ashadh end २०८२ १६,१६७,२१०,१०९ २९,७५२,७६९,७२९
Consolidated Statement of Profit or Loss
For the year ended Ashadh end, २०८२ (July १६, २०२५)
Amount in NPR
Group
Current Year Previous Year
| Interest income | ३०,४८१,९९२,८४९ | ४०,३१३,०३८,७०० |
| Interest expense | १९,५८३,७८४,०७६ | २८,७१४,८९६,४८३ |
| Net interest income | १०,८९८,२०८,७७३ | ११,५९८,१४२,२१७ |
| Fees and commission income | १,७३४,९६४,८२५ | २,४०९,८२६,२७५ |
| Fees and commission expense | ३७६,२९१,६३५ | ३९१,१०९,३९१ |
| Net fee and commission income | १,३५८,६७३,१९० | २,०१८,७१६,८८४ |
| Net interest, fee and commission income | १२,२५६,८८१,९६३ | १३,६१६,८५९,१०१ |
| Net trading income | १६२,७२१,५७८ | १२८,६५३,४६६ |
| Other operating income | ३२७,८६०,०३६ | ६०३,५५५,६९५ |
| Total operating income | १२,७४७,४६३,५७७ | १४,३४९,०६८,२६३ |
| Impairment charge/(reversal) for loans and other losses | १०,१२०,६४८,३२० | ४,२६५,८०७,२३३ |
| Net operating income | २,६२६,८१५,२५७ | १०,०८३,२६१,०३० |
Operating expense
| Personnel expenses | ४,५२९,२२७,१३५ | ४,९९६,८१३,६२३ |
| Other operating expense | २,०५५,९९८,६६४ | २,२६७,८८०,७५० |
| Depreciation & Amortisation | ८२९,६१९,२०४ | ८९६,९३३,२४७ |
| Operating Profit | (४,७८८,०२९,७४७) | १,९२१,६३३,४१० |
| Non operating income | २९,३५५,६४१ | १२,०३६,७९२ |
| Non operating expense | १,०८६,२१६,९३९ | १,११८,६८२,६६८ |
| Profit before income tax | (५,८४४,८९१,०४५) | ८१४,९८७,५३४ |
Income tax expense
| Current Tax | ९२३,६४१,३६९ | ३०२,८९३,४१३ |
| Deferred Tax | (२,५६४,३८६,९२४) | (८५,१७९,०६९) |
| Profit for the period | (४,२०४,१४५,४८९) | ५९७,२७३,१९१ |
Profit attributable to:
| Equity holders of the Bank | (४,०२६,३००,८२०) | ६९०,६५६,०७६ |
| Non-controlling interest | (१७७,९१९,१२४) | (९३,३८२,८८५) |
| Profit for the period | (४,२०४,२१९,९४५) | ५९७,२७३,१९१ |
Earnings per share
| Basic earnings per share | (२८.१८) | ४.०० |
| Diluted earnings per share | (२८.१८) | ४.०० |
| Adjusted earning per share | (२८.१८) | ४.०० |
Bank
Current Year Previous Year
| Interest income | २८,६९०,५५३,८४५ | ३८,५२१,०९६,७४४ |
| Interest expense | १८,५५९,९७६,५५८ | २७,७५७,८४६,७९५ |
| Net interest income | १०,१३०,५७७,२८७ | १०,७६३,२४९,९४९ |
| Fees and commission income | १,५३४,७१४,६९५ | २,२८५,५५१,९३४ |
| Fees and commission expense | ३२३,९२४,३८१ | ३१७,४९६,७४० |
| Net fee and commission income | १,२१०,७९०,३१३ | १,९६८,०५५,१९४ |
| Net interest, fee and commission income | ११,३४१,३६७,६०० | १२,७३१,३०५,१४२ |
| Net trading income | १६२,७२१,५७८ | १२८,६५३,४६६ |
| Other operating income | १२७,२९३,१५० | ४१२,४७०,२६२ |
| Total operating income | ११,६३१,३८२,३२९ | १३,२७२,४२८,८७१ |
| Impairment charge/(reversal) for loans and other losses | ९,७१३,८६७,७१८ | ३,८८६,८१०,५३८ |
| Net operating income | १,९१७,५१४,६१० | ९,३८५,६१८,३३३ |
Operating expense
| Personnel expenses | ३,८३०,३२५,९५२ | ४,४६८,६०१,५५० |
| Other operating expense | १,८०१,३९६,८२५ | २,०६१,८१०,०१६ |
| Depreciation & Amortisation | ७९६,१५०,१८३ | ८२१,५०३,२२१ |
| Operating Profit | (४,५१०,३५८,३४९) | २,०३३,७०३,५४५ |
| Non operating income | २४,०६४,१४५ | १०,३१८,०७४ |
| Non operating expense | १,०७९,४६४,४७७ | १,०९७,३००,०९१ |
| Profit before income tax | (५,५६५,७५८,६८०) | ९४६,७२१,५२८ |
Income tax expense
| Current Tax | ८७०,६७१,०२५ | २०७,१४४,९५८ |
| Deferred Tax | (२,५६४,३८६,९२४) | ३८,०७८,९४० |
| Profit for the period | (३,८७२,०४२,७८१) | ७०१,४९७,६३० |
Profit attributable to:
Equity holders of the Bank (३,८७२,०४२,७८१) ७०१,४९७,६३०
Non-controlling interest - -
Profit for the period (३,८७२,०४२,७८१) ७०१,४९७,६३०
Earnings per share
| Basic earnings per share | (२५.९६) | ४.७० |
| Diluted earnings per share | (२५.९६) | ४.७० |
| Adjusted earning per share | (२५.९६) | ४.७० |
Consolidated Statement of Cash Flow Statement
For The Period ended Ashadh २०८२
Amount in NPR
Group
Current Year Previous Year
CASH FLOWS FROM OPERATING ACTIVITIES
| Interest received | १९,४६०,५१८,८२४ | ३१,३५४,२४५,४०३ |
| Fees and other income received | १,६७७,५७९,१७१ | २,३४१,०१९,२६१ |
Dividend received - -
| Receipts from other operating activities | ३११,०७३,१५८ | ३६६,५०२,७४२ |
| Interest paid | (१५,१९५,६५९,९०८) | (२५,३४२,७१९,८९०) |
| Commission and fees paid | (३७६,२९१,६३५) | (३५८,०१०,७३७) |
| Cash Payment to Employees | (४,३६९,३४४,५९५) | (४,४१८,८८३,०९२) |
| Other expense paid | (२,२७९,८६९,७२१) | (३,६१५,०४६,०७१) |
| Operating cash flows before changes in operating assets and liabilities | (७७१,९९४,७०६) | ३२७,१०७,६१६ |
(Increase)/Decrease in Operating Assets
Due from Nepal Rastra Bank (४२,४७५,३४५,००२) ३,६९४,१७१,५८८
Placement with bank and financial institutions - -
| Other trading assets | २,८००,००० | २,६२४,२०८ |
| Loan and advances to bank and financial institutions | (१,५०४,३५२,१९८) | १,०१५,६८६,५४१ |
| Loans and advances to customers | ४५,२२१,७२४,६७९ | (१०,६६४,०२९,५६०) |
| Other assets | ६५७,८५९,९३९ | (७७८,७३६,२६९) |
Increase/(Decrease) in operating liabilities
Due to bank and financial institutions (४७९,७६३,५५१) १,९६२,४४१,५१०
Due to Nepal Rastra Bank - -
| Deposit from customers | (३७,१२५,०३२,०६९) | ३९,९९२,३२९,०७३ |
| Borrowings | २,०००,१६६,६३७ | १,३९७,७११,२४३ |
| Other liabilities | २,८८२,०१७,६७१ | (१,९४७,५१०,५७९) |
| Net cash flow from operating activities before tax paid | (३१,५९१,९१८,६००) | ३५,००१,७९५,३७२ |
| Income taxes paid | (३२२,०९२,६३८) | (६३६,७४८,२६०) |
| Net cash flow from operating activities | (३१,९१४,०११,२३८) | ३४,३६५,०४७,११३ |
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of investment securities - (२६,०८०,१२७,९१६)
| Receipts from sale of investment securities | ११,९१७,१६२,५६० | ३३८,२६९,०८२ |
| Purchase of property and equipment | (१५,९९२,९५०) | (८००,६९९,३०९) |
| Receipt from the sale of property and equipment | ५,३२८,०६१ | २,७४१,७९५ |
| Purchase of intangible assets | (१८,५००,७७६) | (८७,५०८,८८६) |
Receipt from the sale of intangible assets - -
Purchase of investment properties - -
Receipt from the sale of investment properties - १,२१७,९९४,९०१
| Interest received | ३,४३८,२००,४६५ | ३,८६६,६९३,५२२ |
| Dividend received | १०५,८३८,७३९ | १९५,६२४,३०४ |
| Net cash used in investing activities | १५,४३२,०३६,०९८ | (२१,३४७,०१२,५०७) |
Bank
Current Year Previous Year
CASH FLOWS FROM OPERATING ACTIVITIES
| Interest received | १७,५७०,५४४,४९९ | २९,२२८,०३७,७३८ |
| Fees and other income received | १,४७७,३२९,०४१ | २,२१६,७४४,९२० |
Dividend received - -
| Receipts from other operating activities | १११,७७५,६३६ | १७६,०११,७७४ |
| Interest paid | (१४,१७१,८५२,३९०) | (२४,३८५,६७०,२०१) |
| Commission and fees paid | (३२३,९२४,३८१) | (२८४,३९८,०८७) |
| Cash Payment to Employees | (३,६८९,०९०,३१२) | (३,९०८,०६८,१८०) |
| Other expense paid | (१,९२५,६५५,२६१) | (२,६३७,६५७,१७२) |
| Operating cash flows before changes in operating assets and liabilities | (९५०,८७३,१६९) | ४०५,०००,७९१ |
(Increase)/Decrease in Operating Assets
Due from Nepal Rastra Bank (४२,४७५,३४५,००२) ३,६९४,१७१,५८८
Placement with bank and financial institutions - -
| Other trading assets | २,८००,००० | (७४०,०००) |
| Loan and advances to bank and financial institutions | १,०५०,६४७,८०० | (९८३,३७७,८५३) |
| Loans and advances to customers | ४७,३७६,२३४,९५४ | (१३,२०७,३५८,३१४) |
| Other assets | १,२८५,४०१,३६० | (५७४,६४८,८२३) |
Increase/(Decrease) in operating liabilities
Due to bank and financial institutions (९४६,६४९,१०७) ४,३६७,९३६,५०५
Due to Nepal Rastra Bank - -
| Deposit from customers | (३७,९३१,११५,९२५) | ४०,८२८,०५९,४८५ |
| Borrowings | २,०००,१६६,६३७ | १,३९७,७११,२४३ |
| Other liabilities | २,८८२,०१७,६७१ | (१,९४७,५१०,५७९) |
| Net cash flow from operating activities before tax paid | (३१,५९१,९१८,६००) | ३५,००१,७९५,३७२ |
| Income taxes paid | (३३५,११५,२९१) | (६४०,९८६,८६८) |
| Net cash flow from operating activities | (३१,९१४,०११,२३८) | ३४,३६५,०४७,११३ |
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of investment securities - (२६,०५४,९९०,९१५)
| Receipts from sale of investment securities | ११,७६९,८४२,६१६ | ३४८,२६९,०८२ |
| Purchase of property and equipment | (४,५९६,४४१) | (७९६,४२७,९८३) |
| Receipt from the sale of property and equipment | ५,३२८,०६१ | २,७४१,७९५ |
| Purchase of intangible assets | (२२,५३६,७८०) | (८७,०९५,७०१) |
Receipt from the sale of intangible assets - -
Purchase of investment properties - -
Receipt from the sale of investment properties - १,२१७,९९४,९०१
| Interest received | ३,४३८,२००,४६५ | ३,८६६,६९३,५२२ |
| Dividend received | १९९,०८४,८८० | ३४३,९८६,१२० |
| Net cash used in investing activities | १५,३८५,३२२,८०१ | (२१,१५८,८२९,१७८) |
Consolidated Statement of Other Comprehensive Income
For the year ended Ashadh end, २०८२ (July १६, २०२५)
Amount in NPR
Group
Current Year Previous Year
Profit for the year (४,२०४,१४५,४८९) २,००८,२७१,८५१
Other comprehensive income, net of income tax
a) Items that will not be reclassified to profit or loss
- Gains/(losses) from investments in equity instruments measured at fair value २४१,८०३,४८९ (२०,६६५,४४६)
- Gains/(losses) on revaluation - -
- Actuarial gains/(losses) on defined benefit plans (१७७,५१२,०५२) -
| - Income tax relating to above items | (१९,२८७,४३१) | ६,१९९,६३४ |
| Net Other Comprehensive Income that will not be reclassified to profit or loss | ४५,००४,००६ | (१४,४६५,८१२) |
b) Items that are or may be reclassified to profit or loss
- Gains/(losses) on cash flow hedge - -
- Exchange gains/(losses) (arising from translating 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 - -
c) Share of other comprehensive income of associate accounted as per equity method - -
| Other comprehensive income for the period, net of income tax | ४५,००४,००६ | (१४,४६५,८१२) |
| Total comprehensive income for the period | (४,१५९,१४१,४८४) | १,९९३,८०६,०३९ |
Total comprehensive income attributable to:
| Equity holders of the Bank | (३,९८१,२२२,३५९) | १,८६७,०३८,७७३ |
| Non-controlling interest | (१७७,९१९,१२४) | १२६,७६७,२६६ |
| Total comprehensive income for the period | (४,१५९,१४१,४८४) | १,९९३,८०६,०३९ |
Bank
Current Year Previous Year
Profit for the year (३,८७२,०४२,७८१) ७०१,४९७,६३०
Other comprehensive income, net of income tax
a) Items that will not be reclassified to profit or loss
- Gains/(losses) from investments in equity instruments measured at fair value २४०,६३८,७८४ ५१,४३०,२२१
- Gains/(losses) on revaluation - -
| - Actuarial gains/(losses) on defined benefit plans | (१७७,५१२,०५२) | १७,२८७,२९० |
| - Income tax relating to above items | (१८,९३८,०२०) | (२०,६१५,२५३) |
| Net Other Comprehensive Income that will not be reclassified to profit or loss | ४४,१८८,७१२ | ४८,१०२,२५८ |
b) Items that are or may be reclassified to profit or loss
- Gains/(losses) on cash flow hedge - -
- Exchange gains/(losses) (arising from translating 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 - -
c) Share of other comprehensive income of associate accounted as per equity method - -
| Other comprehensive income for the period, net of income tax | ४४,१८८,७१२ | ४८,१०२,२५८ |
| Total comprehensive income for the period | (३,८२७,८५४,०६९) | ७४९,५९९,८८८ |
Total comprehensive income attributable to:
Equity holders of the Bank (३,८२७,८५४,०६९) ७४९,५९९,८८८
Non-controlling interest - -
Total comprehensive income for the period (३,८२७,८५४,०६९) ७४९,५९९,८८८
Statement of Changes in Equity
For The Period ended Ashadh 2082
Amount in NPR
Particulars Share Capital Share Premium General Reserve Exchange Equalisation Regulatory Reserve Fair Value Reserve Revaluation Reserve Retained Earning Other Reserve Total Non-controlling Interest Total Equity
| Balance as at Shrawan | 1, | 2080 | 11,564,005,366 | 5,478,016,797 | 48,528,936 | 3,522,160,842 | 497,192,634 | 3,534,225,906 | 4,746,825,375 | 29,390,955,856 | 29,390,955,856 |
| Adjustment/Restatement - - - - - - - | (444,543,673) | (444,543,673) | (444,543,673) | ||||||||
| Adjusted/Restated Balance at Shrawan | 1, | 2080 | 11,564,005,366 | 5,478,016,797 | 48,528,936 | 3,522,160,842 | 497,192,634 | 3,089,682,233 | 4,746,825,375 | 28,946,412,183 | 28,946,412,183 |
Comprehensive Income for the year
Profit for the year - - - - - - - 701,497,630 - 701,497,630 - 701,497,630
Other Comprehensive income, net of tax
| Gains/(losses) from investments in equity instruments measured at fair value - - | 40,007,140 | (164,034,544) | 160,028,559 | 36,001,155 | 36,001,155 |
| Gains/(losses) on revaluation - - - - - - - - | 12,101,103 | 12,101,103 | 12,101,103 |
Actuarial gains/(losses) on defined benefit plans - - - - - - - - - - - -
Gains/(losses) on cash flow hedge - - - - - - - - - - - -
Exchange gains/(losses) (arising from translating financial assets of foreign operation) - - - - - - - - - - - -
| Total comprehensive income for the year - - | 40,007,140 | (164,034,544) | 861,526,189 | 12,101,103 | 749,599,888 | 749,599,888 |
| Transfer to reserve during the year - - - - | 993,249,663 | 1,954,057,987 | 3,088,115,799 | 3,088,115,799 | ||
| Transfer from the reserve during the year - - | 140,299,526 | 508,623 | (3,088,115,799) | (3,088,115,799) | (3,088,115,799) |
Transactions with owners, directly recognized in equity
Share issued - - - - - - - - - - - -
Share based payments - - - - - - - - - - - -
Dividends to equity holders:
| Bonus Shares issued | 3,353,561,556 | (3,353,561,556) | |
| Cash Dividend Paid - - - - - - - | (176,503,240) | (176,503,240) | (176,503,240) |
Other - - - - - - - - - - - -
| Total contributions by and distributions: | 3,353,561,556 | (3,530,064,796) | (176,503,240) | (176,503,240) | |||||||
| Balance as at Ashadh End, | 2081 | 14,917,566,922 | 5,658,323,463 | 49,037,559 | 4,515,410,505 | 333,158,090 | (2,646,972,172) | 6,712,984,465 | 29,519,508,832 | 29,519,508,832 | |
| Balance as at Shrawan | 1, | 2081 | 14,917,566,922 | 5,658,323,463 | 49,037,559 | 4,515,410,505 | 333,158,090 | (2,646,972,172) | 6,712,984,465 | 29,519,508,832 | 29,519,508,832 |
Adjustment/Restatement - - - - - - - - - - - -
Adjusted/Restated Balance at Shrawan 1, 2081 14,917,566,922 - 5,658,323,463 49,037,559 4,515,410,505 333,158,090 - (2,646,972,172) 6,712,984,465 29,519,508,831 - 29,519,508,831
Comprehensive Income for the year
Profit for the year - - - - - - - (3,872,042,781) - (3,872,042,781) - (3,872,042,781)
Other Comprehensive income, net of tax
| Gains/(losses) from investments in equity instruments measured at fair value - - | 4,664,821 | 145,123,042 | 18,659,285 | 168,447,149 | 168,447,149 |
| Gains/(losses) on revaluation - - - - - - - - | (124,258,436) | (124,258,436) | (124,258,436) |
Actuarial gains/(losses) on defined benefit plans - - - - - - - - - - - -
Gains/(losses) on cash flow hedge - - - - - - - - - - - -
Exchange gains/(losses) (arising from translating financial assets of foreign operation) - - - - - - - - - - - -
| Total comprehensive income for the year - - | 4,664,821 | 145,123,042 | (3,853,383,496) | (124,258,436) | (3,827,854,069) | (3,827,854,069) |
| Transfer to reserve during the year - - - | 1,422,688 | 2,713,455,462 | 1,442,936,023 | 4,157,814,173 | 4,157,814,173 | |
| Transfer from the reserve during the year - - - - - - - | (4,157,814,173) | (4,157,814,173) | (4,157,814,173) |
Transactions with owners, directly recognized in equity
Share issued - - - - - - - - - - - -
Share based payments - - - - - - - - - - - -
Dividends to equity holders:
Bonus Shares issued - - - - - - - - - - - -
Cash Dividend Paid - - - - - - - - - - - -
Other - - - - - - - - - - - -
Total contributions by and distributions: - - - - - - - - - - - -
Balance as at Ashadh End, 2082 14,917,566,922 - 5,662,988,284 50,460,248 7,228,865,966 478,281,132 - (10,678,169,841) 8,031,662,051 25,691,654,762 - 25,691,654,763
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Notice of the Twenty-Eighth Annual General Meeting
As per the decision of the ८५०th meeting of the Board of Directors of this bank held on date २०८१/०१/१०, the Twenty-Eighth Annual General Meeting of the bank will be held on the following date, time, and place to discuss and decide on the following matters. All esteemed shareholders are kindly requested to attend.
Date, Time and Place of the Meeting:
Date : २०८२ Jestha १८, Monday (corresponding to १ June २०२५) .
Time : ७:०० AM.
Venue : Army Officers Club, Bhadrakali, Kathmandu.
Agenda for Discussion and Decision:
(A) General Resolutions
१. To approve the report of the Board of Directors of this bank.
२. To discuss and approve the annual financial statements including the balance sheet as of २०८१ Ashad end, and the profit and loss account and cash flow statement for the fiscal year २०८०/८१, along with the auditor's report.
३. To discuss and approve the consolidated financial statements of this bank and its subsidiary companies NIC ASIA Laghubitta Bittiya Sanstha Ltd. and NIC ASIA Capital Ltd. for the fiscal year २०८०/८१, along with their financial statements.
४. To appoint an external auditor for the fiscal year २०८१/८२ and fix their remuneration, as per the recommendation of the Audit Committee.
५. To approve the decision of the ८६३rd meeting of the Board of Directors held on २०८२/०२/०६ to appoint Mr. Ashok Kumar Agrawal, residing at Ward No. २, Lazimpat, Kathmandu Metropolitan City, Kathmandu District (permanent address: Ward No. १, Dhangadhi Sub-Metropolitan City, Sunsari), for the remaining tenure of the bank, following the resignation of Mr. Tulsiram Agrawal, the director elected from the promoter shareholder group for a ४-year term as per the decision of the २४३rd Annual General Meeting of this bank held on २०७८/१२/२०, and his resignation from the post of director and chairman on २०८१/०२/०६ was approved by the decision of the ८६०th meeting of the Board of Directors held on २०८१/०२/०६.
६. To approve the decision of the ८६३rd meeting of the Board of Directors held on २०८२/०२/०६ to appoint Mr. Anuj Pradhan Rajbhandari, residing at Ward No. १०, Lalitpur Metropolitan City, Lalitpur District, for the remaining tenure of the bank, following the resignation of Mr. Ganesh Man Shrestha, the director elected from the ordinary shareholder group for a ४-year term as per the decision of the २४३rd Annual General Meeting of this bank held on २०८१/१२/२०, and his resignation from the post of director on २०८१/०२/०६ was approved by the decision of the ८६०th meeting of the Board of Directors held on २०८१/०२/०६.
७. To elect ३ directors representing the promoter shareholders and ३ directors representing the ordinary shareholders.
(B) Special Resolutions
१. To approve the issuance of २,७९,६३,३७७ (two crore seventy-nine lakh sixty-three thousand three hundred seventy-seven) units of right shares at a face value of Rs. १००/- (one hundred rupees only) at a ratio of ०.१ ९ of the bank's current paid-up ordinary share capital of Rs. १४,७१,७५,६६,९२२/- (fourteen billion seventy-one crore seventy-five lakh sixty-six thousand nine hundred twenty-two rupees), subject to obtaining necessary approvals from relevant bodies as per prevailing laws and regulatory provisions. Furthermore, to authorize the Board of Directors or officials designated by the Board of Directors to make changes, amendments, or additions as per instructions or suggestions received during the process of obtaining approvals for the right share issuance.
२. To approve the increase of the bank's existing authorized capital from Rs. १७,००,००,०००/- (seventeen billion rupees) to Rs. २०,३८,००,०००/- (twenty billion thirty-eight crore rupees), and to increase the existing issued capital from Rs. १७,०१,७५,६६,९२२/- (seventeen billion one crore seventy-five lakh sixty-six thousand nine hundred twenty-two rupees) to Rs. २०,३८,६३,५०,४९९/- (twenty billion thirty-eight crore sixty-three lakh fifty thousand four hundred ninety-nine rupees), and to increase the existing paid-up capital from Rs. १७,०१,७५,६६,९२२/- (seventeen billion one crore seventy-five lakh sixty-six thousand nine hundred twenty-two rupees) to Rs. २०,३८,६३,५०,४९९/- (twenty billion thirty-eight crore sixty-three lakh fifty thousand four hundred ninety-nine rupees).
३. To authorize the Board of Directors or officials designated by the Board of Directors to make changes, amendments, or additions to the bank's Memorandum and Articles of Association as per instructions or suggestions received from relevant bodies for the approval of amendments.
४. To maintain the registered (central) office of this bank in its own building located at Ward No. २८, Kamaladi, Puja Marg ५५, Kathmandu Metropolitan City, Kathmandu District.
(C) Miscellaneous
१. All esteemed shareholders are requested to contact the bank's registered office for dividend distribution.
२. Shareholders interested in physically attending the Annual General Meeting are requested to bring their share certificate/DEMAT account opening proof and identity proof (citizenship certificate or any other photo ID) or a certified copy thereof. The attendance register will be open from ८ AM until the meeting commences.
३. Shareholders wishing to appoint a representative (proxy) to attend the Annual General Meeting may only appoint another shareholder from the bank's group. The proxy form, filled in the format prescribed by prevailing law, must be registered at the bank's registered office, Trade Tower Nepal, Thapathali, Kathmandu, at least ४८ hours before the meeting commences, by ७ AM on २०८२/०२/१६.
४. Shareholders who are minors or of unsound mind, whose names are registered as guardians in the share ledger book, may attend the meeting, vote, or appoint a representative.
५. In the case of joint share purchases, only the person whose name is first mentioned in the share ledger book or a person unanimously appointed as a representative may attend or vote at the meeting.
६. If a shareholder wishes to attend the meeting themselves or change their representative after appointing one, they must notify the bank's registered office, Trade Tower Nepal, Thapathali, Kathmandu, at least ४८ hours before the meeting commences; otherwise, the representative cannot be changed. However, if the concerned shareholder attends in person, the proxy given will automatically be revoked.
७. If any special matter under the special agenda items needs to be discussed in a special general meeting, the Board of Directors must register the notice of the same at the bank's registered office ७ days before the meeting commences.
८. For the purpose of dividend distribution at the Annual General Meeting, the bank's share register will be closed from २०८२/०२/०६ to २०८२/०२/१८. Shareholders whose share transfers are registered in the share ledger book at NIC ASIA Capital Ltd., Thapathali, Kathmandu, the bank's share registrar, within ६ working days after trading on Nepal Stock Exchange Limited before २०८२/०२/०६, will be eligible to attend and vote at the meeting.
९. As per the decision of the Board of Directors, dividends will be distributed only to shareholders registered in the bank's share ledger book as of २०८२/०२/०६ at the registered office.
१०. For security reasons, shareholders are requested not to bring bags or similar items to the meeting venue. If necessary, security personnel may conduct checks, and cooperation in this regard is requested.
११. For any other information, please contact the Secretariat of the Board of Directors at the bank's registered office, Kamaladi, Kathmandu (Phone No. ०१-५११११७७/७८).
Brief Annual Financial Statement for Fiscal Year २०८०/८१ as per Section १०२(४) of the Companies Act, २०६३
Overview of the bank's business in fiscal year २०८०/८१:
The progress report for fiscal year २०८०/८१ is summarized as follows:
(Amount in Rs. Ten Lakhs)
Description Ashad End २०८१ Ashad End २०८० Growth (Percentage)
| Paid-up Capital | १४,७१६ | १४,७१६ | ||
| Deposits | ३६०,५३७ | ३२३,५६० | ११.०६ | |
| Loan Investments | २८५,३३३ | २२९,३९६ | २४.३९ | |
| Investments (excluding Treasury Bills less than | १० | ५१,२८४ | ४०,४७० | २६.७२ |
| Total Assets | ४१७,४६५ | ३७४,८४० | ११.३७ | |
| Operating Profit | ५,०३४ | (१,२९०) | ४९०.२३ | |
| Net Profit | ३,०७३ | (३,०७३) |
Net Profit/Total Assets (Percentage) ०.७४% (०.३४%) ३१७.६५
Net Profit/Shareholders' Equity (Return on Equity) (Percentage) २.३८% (१.०३%) ३३१.०७
Non-Performing Loans/Total Loan Ratio (Percentage) ३.४५% ८.१४% (५७.६२)
| Earnings Per Share (Rs) | २१.३ | (२१.३) | ||||||||
| During the review period, the bank's total loans decreased by | १६.१२ | २३९.३३ | १०.०६ | ३२३.५६ | ८.६८ | ३७४.८४ | ३१७.०३ | ६५७.३५ | ४.५१ | ३.८७ |
INDEPENDENT AUDITOR'S REPORT
TO THE SHAREHOLDERS OF NIC ASIA BANK LIMITED
Report on the Audit of the Consolidated Financial Statements
Opinion
We have audited the consolidated financial statements of NIC ASIA Bank Limited and its subsidiaries (referred to as the "Group"), which comprise the consolidated statement of financial position as at 32 Ashad 2082 (16 July 2025), and the consolidated statement of profit or loss, consolidated statement of comprehensive income, consolidated statement of cash flows, consolidated statement of changes in equity for the year 1 Shrawan 2081 to 32 Ashad 2082 (16 July 2025) and notes to the consolidated financial statements, including a summary of significant accounting policies.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at 32 Ashad 2082 (16 July 2025), its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with Nepal Financial Reporting Standards (NFRSs).
Basis for Opinion
We conducted our audit in accordance with Nepal Standards on Auditing (NSAs). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with ICAN's Handbook of Code of Ethics for professional accountants, together with the ethical requirements that are relevant to our audit of financial statements in Nepal, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAN's Handbook of Code of Ethics for Professional Accountants. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key Audit Matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
We have determined the matters described below to be the key audit matters to be communicated in our report.
a) Information Technology (IT) systems and controls impacting financial reporting in relation to the Bank
Key Audit Matter
The Bank's IT environment is complex and comprises a large number of independent and interdependent IT systems used in its operations to process and record a high volume of transactions across numerous locations.
How our audit addressed the key audit matter
In assessing integrity of the IT systems relevant to financial reporting, our team gained an understanding of the Bank's IT infrastructure and systems supporting its financial reporting process for the evaluation and testing of general IT controls and application controls.
We gathered a comprehensive understanding of the IT applications landscape implemented at the Bank. It was followed by process understanding, mapping applications to the same, and understanding the financial risks posed by people, processes, and technology.
We also assessed the operating effectiveness of controls over granting, removal and periodical review of access rights. We further tested the segregation of duties, including preventive controls to ensure that access to change applications, the operating system, or databases in the production environment was granted only to authorized personnel.
Other areas that were assessed under the IT control environment were whether requests for access to systems were appropriately logged, reviewed and authorized. Entity-level controls related to policy and procedure were also part of our audit.
Where deficiencies were identified, we tested compensating controls or performed alternate procedures.
b) Identification and provisioning for non-performing assets ('NPAs') in relation to the Bank
| Total Loans and Advances (Net of Provision) as at | 32 | 228,326 | 32 | 19,407 |
| (Refer to Notes 3.4, | 4.6 | 4.7 |
Key Audit Matter
The Guidance Note on Interest Income Recognition 2025, NFRS-9 Expected Credit Loss Related Guidelines 2024, Unified Directives issued by NRB, and provision of NFRSs, along with carve-outs issued by ICAN, prescribe the prudential norms for Income Recognition, Identification, Classification, and Provisioning of Non-Performing Loans and Advances.
The Bank is also required to apply its judgement to determine the identification and provision required against NPAs by applying quantitative as well as qualitative factors.
The risk of NPAs being identified is affected by factors such as stress and liquidity concerns in certain sectors.
The provisioning for identified NPAs is estimated based on ageing and classification of NPAs, recovery estimates, the value of security and other qualitative factors and is subject to the minimum provisioning norms specified by NRB. Further, in line with NFRS-9 (along with the carve-out issued by ICAN) and the Expected Credit Loss (ECL) Related Guidelines, 2024, issued by NRB, impairment is recognized at the higher of the provision as per NRB norms or the impairment loss computed under NFRS-9 ECL requirements.
As at 32 Ashad 2082, the total provision requirement as per NRB norms amounted to NPR 19,407 million while the impairment allowance determined under the NFRS-9 ECL model stood at NPR 14,598 million. In accordance with applicable requirements, the Bank has recognized the higher of the two amounts, i.e., NPR 19,407 million in Expected Credit Loss Related Guidelines, 2024 issued by NRB.
How our audit addressed the key audit matter
Our key procedures included, but were not limited to, the following:
a) Approval of new lending facilities against the Bank's credit policies and the performance of annual loan assessments.
b) Controls over the monitoring of credit quality which amongst other things included; the monitoring of overdue reports, drawing power limits, pending security creation.
c) Identification and classification of NPAs in line with NRB's Directives, the impairment requirement as per NFRS-9 and Expected Credit Loss Related Guidelines, 2024 issued by NRB.
d) Assessment of adequacy of NPA provisions being the higher of NRB norms and the impairment requirement as per NFRS-9 and Expected Credit Loss Related Guidelines, 2024 issued by NRB.
e) To test the identification of loans with default events and other triggers, we selected a sample of performing loans and independently assessed whether there was a need to classify such loans as NPAs.
f) Performed inquiries with the credit and risk departments to ascertain if there were indicators of stress or an occurrence of an event of default in a particular loan account or any product category that needed to be considered as NPA.
g) Held specific discussions with the management of the Bank on sectors where there is perceived credit risk and the steps taken to mitigate the risks in the identified sectors.
h) We tested the accuracy and completeness of the underlying data used in the ECL calculation.
i) Comparing the results of the ECL model against prudential provisioning requirements to ensure the higher of the two was recorded.
j) We assessed the incorporation of forward-looking information and management overlays into the ECL estimate.
Other Matters
As disclosed in Note 2 "Basis of preparation" of the consolidated financial statements, the financial statement of the subsidiary company - NIC ASIA Laghubitta Bittiya Sanstha Limited considered in the consolidated financial statements are certified by the management (not yet audited and approved by the regulatory body), and our opinion on the consolidated financial statements in so far as it relates to the amounts and disclosures included in respect of the subsidiary is based solely on such management certified financial statements.
We did not audit the financial statements of the subsidiary companies "NIC ASIA Capital Limited" and "NIC ASIA Laghubitta Bittiya Sanstha Limited", whose financial statements reflect total assets of NPR 22,396.96 million as at 32 Ashad 2082 (16 July 2025), total net profit after taxes, and net cash flows of NPR (332.18) million and NPR (11.3) million, respectively, for the year ended on 32 Ashad 2082 (16 July 2025). The financial statements have been audited by another auditor and the audit report of one of the subsidiary has been furnished to us by the management and our opinion on the consolidated financial statements, in so far as it relates to the amounts and disclosures included in respect of the subsidiary companies, is based solely on the report of another auditor.
Our opinion above on the consolidated financial statements, and our report on Other Legal and Regulatory requirements below, is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial statements / financial information certified by the management.
Information other than the Consolidated Financial Statements and Auditor's Report thereon
The Management is responsible for the other information. The other information comprises the information included in the annual report, including the report of the Board of Directors, but does not include the consolidated financial statements and our auditor's report which is expected to be made available to us after the date of this auditor's report.
Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the consolidated financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated.
Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with NFRS, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to do so.
Those charged with governance are responsible for overseeing the Group's financial reporting process.
Auditor's Responsibility for Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with NSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.
As part of an audit in accordance with NSAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
* Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
* Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal control.
* Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
* Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
* Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
* Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
Report on the Other Legal and Regulatory Requirements
We have obtained information and explanations asked for, which, to the best of our knowledge and belief, were necessary for the purpose of our audit. In our opinion, the consolidated statement of financial position as at 32 Ashad 2082 (16 July 2025), the consolidated statement of profit or loss, the consolidated statement of comprehensive income, the consolidated statement of cash flows, and the consolidated statement of changes in equity and the consolidated statement of cash flows for the year have been prepared in the format prescribed by the Nepal Rastra Bank Unified Directives No. 4 and in accordance with the requirements of the Companies Act, 2063 and Section 59 of the Banks and Financial Institution Act, 2073 and are in agreement with the books of account maintained by the Bank, and proper books of account as required by law including relevant records relating to the preparation of the aforesaid financial statements have been kept by the Bank. In our opinion, the returns received from the branches were sufficient for the purpose of the audit though these statements were independently audited.
In our opinion, so far as appeared from our examination of the books, the Bank has maintained adequate capital funds and adequate provisions for possible impairment of assets in accordance with the directives of Nepal Rastra Bank.
To the best of our information and according to explanations given to us and so far appeared from our examination of the books of account of the Bank on a sample basis for the purpose of our audit, we have not come across cases where the Board of Directors or any employees of the Bank have acted contrary to the provisions of law relating to the accounts, or committed any misappropriation or caused loss or damage to the Bank and violated any directives of Nepal Rastra Bank or acted in a manner to jeopardize the interest and security of the Bank, its depositors and investors, except for the monetary fine imposed by Nepal Rastra Bank, through its letter to the Board of Directors of the Bank on 1 Poush 2082, on the former Chairman of the Board of Directors and the former Chief Executive Officer of the Bank (office bearer as on 32 Ashad 2082), pursuant to Section 100(2)(ga) of the Nepal Rastra Bank Act, 2058 (including the second amendment of 2073), for non-compliance with the provisions of the Banks and Financial Institutions Act 2073 and/or directives issued by NRB under it.
Shashi Satyal
Partner
PKF T R Upadhya & Co.
Chartered Accountants
124 Lal Colony Marg, Lal Durbar, Kathmandu, Nepal
Date:
UDIN No: 260212CA00008a5myh
Date: 12 February 2026
Consolidated Statement of Financial Position
As on Ashadh end, २०८२ (As at July १६, २०२५)
Amount in NPR
Group
Current Year Previous Year
Assets
| Cash and cash equivalent | २0,५३३,७९२,०२५ | ३६,०३८,४७७,८३९ |
| Due from Nepal Rastra Bank | ५९,२२४,५१४,०७० | १६,७४९,१६९,०६७ |
Placement with Bank and Financial Institutions - -
Derivative financial instruments. ४,९८५,१३८,४०८ ३,७५३,०२५,०९५
Other trading assets - २,८००,०००
| Loan and advances to B/FIs | ६,५५४,२०८,००० | ५,०४९,८५५,८०० |
| Loans and advances to customers | २३५,९९०,४९८,३१२ | २८६,६६९,७७६,७३५ |
| Investment securities | ४८,९०६,८०५,४१४ | ६०,५८२,१६४,४८४ |
| Current tax assets | २२६,५३८,२८१ | ६६५,४६९,१२९ |
Investment in subsidiaries - -
Investment in associates - -
| Investment property | ४,६४३,५९०,८९८ | ४,३६५,४१३,८१९ |
| Property and equipment | ४,७३४,८०९,२१४ | ५,५१८,४०३,८२४ |
| Goodwill and Intangible assets | १६०,२६२,२२८ | १८८,७४३,७४३ |
Deferred tax assets २,४६४,४८६,९८६ -
| Other assets | ४,८१९,४०४,०४५ | ६,४६६,०३५,६५२ |
| Total Assets | ३९३,२४४,०४७,८७८ | ४२६,०४९,३३४,८८७ |
Bank
Current Year Previous Year
Assets
| Cash and cash equivalent | १६,१६७,२१०,१०९ | २९,७५२,७६९,७२९ |
| Due from Nepal Rastra Bank | ५९,२२४,५१४,०७० | १६,७४९,१६९,०६७ |
Placement with Bank and Financial Institutions - -
Derivative financial instruments. ४,९८५,१३८,४०८ ३,७५३,०२५,०९५
Other trading assets - २,८००,०००
| Loan and advances to B/FIs | ९,८९९,२०८,००० | १०,९४९,८५५,८०० |
| Loans and advances to customers | २१८,४२६,६८९,१७७ | २७१,२५३,७२५,४१३ |
| Investment securities | ४८,५६९,९८८,०३४ | ६०,०८९,१९१,८६७ |
| Current tax assets | १४४,०८२,१४९ | ६२२,२५२,२३० |
| Investment in subsidiaries | १,१८४,५००,००० | १,१९४,५००,००० |
Investment in associates - -
| Investment property | ४,६३९,८४४,४३२ | ४,३६१,६६७,०५३ |
| Property and equipment | ४,४७१,५३२,९०७ | ५,२३३,०५५,००५ |
| Goodwill and Intangible assets | १५६,२८२,८२६ | १८०,७२८,३३७ |
Deferred tax assets २,३१६,९८२,२०० -
| Other assets | ४,६५३,८४६,५७० | ६,३२५,१०२,७०५ |
| Total Assets | ३७४,८३९,८१८,८८१ | ४१०,४६७,८४२,३०२ |
Group
Current Year Previous Year
Liabilities
Due to Bank and Financial Institutions ४,९०८,५८०,६६२ ५,३८८,३४४,२१३
Due to Nepal Rastra Bank - -
| Derivative financial instruments | ४,९७५,२४७,८६८ | ३,७४६,७१३,०२५ |
| Deposits from customers | ३२०,८४५,८९६,७११ | ३५५,०७०,७८०,२५२ |
| Borrowing | १७,१३२,७८७,३६४ | १५,१३२,६२०,७२७ |
Current Tax Liabilities - -
Provisions ३९,६६९,८०४ ३३,१८७,८१२
Deferred tax liabilities - ९२,३०३,८७२
| Other liabilities | ५,६१७,१००,०७५ | ४,५९७,७१२,४०० |
| Debt securities issued | १२,७३३,१७४,४४० | १०,७३७,३२९,०६३ |
Subordinated Liabilities - -
Total liabilities ३६६,२५२,४५६,९२५ ३९४,७९८,९८९,८२९
Bank
Current Year Previous Year
Liabilities
Due to Bank and Financial Institutions ७,३९३,९४९,०३६ ८,३४०,५९८,१४४
Due to Nepal Rastra Bank - -
| Derivative financial instruments | ४,९७५,२४७,८६८ | ३,७४६,७१३,०२५ |
| Deposits from customers | ३१९,०६५,८९७,४४४ | ३५४,०९६,८६४,८४० |
| Borrowing | १७,१३२,७८७,३६४ | १५,१३२,६२०,७२७ |
Current Tax Liabilities - -
Provisions - २३८,४६२,७५१
Deferred tax liabilities - -
| Other liabilities | ४,९७९,८९५,३२९ | ३,७८८,३६५,६४७ |
| Debt securities issued | १२,७३३,१७४,४४० | १०,७३७,३२९,०६३ |
Subordinated Liabilities - -
Total liabilities ३४९,१४८,१६४,११८ ३८०,९४८,३३३,४७०
Group
Current Year Previous Year
Equity
Share capital १४,९१७,५६६,९२२ १४,९१७,५६६,९२२
Share premium - -
| Retained earnings | (१०,८१९,९५८,३८५) | (२,५२७,२८५,७४३) |
| Reserves | २१,९६९,२७१,१५७ | १७,७६५,८१०,५७१ |
| Total equity attributable to equity holders | २६,०६६,८७९,६९४ | ३०,१५६,०९१,७५१ |
| Non-controlling interest | ९२४,७११,२५९ | १,०९४,२५३,३०७ |
| Total equity | २६,९९१,५९०,९५३ | ३१,२५०,३४५,०५७ |
| Total liabilities and equity | ३९३,२४४,०४७,८७८ | ४२६,०४९,३३४,८८७ |
Bank
Current Year Previous Year
Equity
Share capital १४,९१७,५६६,९२२ १४,९१७,५६६,९२२
Share premium - -
| Retained earnings | (१०,६७८,१६९,८४१) | (२,६६६,९७२,१७२) |
| Reserves | २१,४५२,२५७,६८२ | १७,२६८,९१४,०८२ |
| Total equity attributable to equity holders | २५,६९१,६५४,७६३ | २९,५१९,५०८,८३२ |
Non-controlling interest - -
| Total equity | २५,६९१,६५४,७६३ | २९,५१९,५०८,८३२ |
| Total liabilities and equity | ३७४,८३९,८१८,८८१ | ४१०,४६७,८४२,३०२ |
CASH FLOWS FROM FINANCING ACTIVITIES
Group
Current Year Previous Year
Receipt from issue of debt securities ४,९९०,८७६,५४९ -
Repayment of debt securities (३,०००,०००,०००) -
Receipt from issue of subordinated liabilities - -
Repayment of subordinated liabilities - -
Receipt from issue of shares - -
| Dividends paid | (५,२५३,०००) | (२८६,७४४,२४०) |
| Interest paid | (१,००८,३३४,२२३) | (१,०५०,५२९,०५०) |
Other receipt/payment - -
| Net cash flow from financing activities | ९७७,२८९,३२६ | (१,३३७,२७३,२९०) | ||
| Net increase (decrease) in cash and cash equivalents | (१५,५०४,६८५,८१४) | ११,६८०,७६१,३१६ | ||
| Cash and cash equivalents at Shrawan | १, | २०८१ | ३६,०३८,४७७,८३९ | २४,३५७,७१६,५२३ |
Effect of exchange rate fluctuations on cash and cash equivalents held - -
Cash and cash equivalents at Ashadh end २०८२ २०,५३३,७९२,०२५ ३६,०३८,४७७,८३९
Bank
Current Year Previous Year
Receipt from issue of debt securities ४,९९०,८७६,५४९ -
Repayment of debt securities (३,०००,०००,०००) -
Receipt from issue of subordinated liabilities - -
Repayment of subordinated liabilities - -
Receipt from issue of shares - -
Dividends paid - (१७६,५०३,२४०)
Interest paid (१,००८,३३४,२२३) (१,०५०,५२९,०५०)
Other receipt/payment - -
| Net cash flow from financing activities | ९८२,५४२,३२६ | (१,२२७,०३२,२९०) | ||
| Net increase (decrease) in cash and cash equivalents | (१३,५८५,५५९,६२०) | ९,५०७,२०६,२८७ | ||
| Cash and cash equivalents at Shrawan | १, | २०८१ | २९,७५२,७६९,७२९ | २०,२४५,५६३,४४२ |
Effect of exchange rate fluctuations on cash and cash equivalents held - -
Cash and cash equivalents at Ashadh end २०८२ १६,१६७,२१०,१०९ २९,७५२,७६९,७२९
Consolidated Statement of Profit or Loss
For the year ended Ashadh end, २०८२ (July १६, २०२५)
Amount in NPR
Group
Current Year Previous Year
| Interest income | ३०,४८१,९९२,८४९ | ४०,३१३,०३८,७०० |
| Interest expense | १९,५८३,७८४,०७६ | २८,७१४,८९६,४८३ |
| Net interest income | १०,८९८,२०८,७७३ | ११,५९८,१४२,२१७ |
| Fees and commission income | १,७३४,९६४,८२५ | २,४०९,८२६,२७५ |
| Fees and commission expense | ३७६,२९१,६३५ | ३९१,१०९,३९१ |
| Net fee and commission income | १,३५८,६७३,१९० | २,०१८,७१६,८८४ |
| Net interest, fee and commission income | १२,२५६,८८१,९६३ | १३,६१६,८५९,१०१ |
| Net trading income | १६२,७२१,५७८ | १२८,६५३,४६६ |
| Other operating income | ३२७,८६०,०३६ | ६०३,५५५,६९५ |
| Total operating income | १२,७४७,४६३,५७७ | १४,३४९,०६८,२६३ |
| Impairment charge/(reversal) for loans and other losses | १०,१२०,६४८,३२० | ४,२६५,८०७,२३३ |
| Net operating income | २,६२६,८१५,२५७ | १०,०८३,२६१,०३० |
Operating expense
| Personnel expenses | ४,५२९,२२७,१३५ | ४,९९६,८१३,६२३ |
| Other operating expense | २,०५५,९९८,६६४ | २,२६७,८८०,७५० |
| Depreciation & Amortisation | ८२९,६१९,२०४ | ८९६,९३३,२४७ |
| Operating Profit | (४,७८८,०२९,७४७) | १,९२१,६३३,४१० |
| Non operating income | २९,३५५,६४१ | १२,०३६,७९२ |
| Non operating expense | १,०८६,२१६,९३९ | १,११८,६८२,६६८ |
| Profit before income tax | (५,८४४,८९१,०४५) | ८१४,९८७,५३४ |
Income tax expense
| Current Tax | ९२३,६४१,३६९ | ३०२,८९३,४१३ |
| Deferred Tax | (२,५६४,३८६,९२४) | (८५,१७९,०६९) |
| Profit for the period | (४,२०४,१४५,४८९) | ५९७,२७३,१९१ |
Profit attributable to:
| Equity holders of the Bank | (४,०२६,३००,८२०) | ६९०,६५६,०७६ |
| Non-controlling interest | (१७७,९१९,१२४) | (९३,३८२,८८५) |
| Profit for the period | (४,२०४,२१९,९४५) | ५९७,२७३,१९१ |
Earnings per share
| Basic earnings per share | (२८.१८) | ४.०० |
| Diluted earnings per share | (२८.१८) | ४.०० |
| Adjusted earning per share | (२८.१८) | ४.०० |
Bank
Current Year Previous Year
| Interest income | २८,६९०,५५३,८४५ | ३८,५२१,०९६,७४४ |
| Interest expense | १८,५५९,९७६,५५८ | २७,७५७,८४६,७९५ |
| Net interest income | १०,१३०,५७७,२८७ | १०,७६३,२४९,९४९ |
| Fees and commission income | १,५३४,७१४,६९५ | २,२८५,५५१,९३४ |
| Fees and commission expense | ३२३,९२४,३८१ | ३१७,४९६,७४० |
| Net fee and commission income | १,२१०,७९०,३१३ | १,९६८,०५५,१९४ |
| Net interest, fee and commission income | ११,३४१,३६७,६०० | १२,७३१,३०५,१४२ |
| Net trading income | १६२,७२१,५७८ | १२८,६५३,४६६ |
| Other operating income | १२७,२९३,१५० | ४१२,४७०,२६२ |
| Total operating income | ११,६३१,३८२,३२९ | १३,२७२,४२८,८७१ |
| Impairment charge/(reversal) for loans and other losses | ९,७१३,८६७,७१८ | ३,८८६,८१०,५३८ |
| Net operating income | १,९१७,५१४,६१० | ९,३८५,६१८,३३३ |
Operating expense
| Personnel expenses | ३,८३०,३२५,९५२ | ४,४६८,६०१,५५० |
| Other operating expense | १,८०१,३९६,८२५ | २,०६१,८१०,०१६ |
| Depreciation & Amortisation | ७९६,१५०,१८३ | ८२१,५०३,२२१ |
| Operating Profit | (४,५१०,३५८,३४९) | २,०३३,७०३,५४५ |
| Non operating income | २४,०६४,१४५ | १०,३१८,०७४ |
| Non operating expense | १,०७९,४६४,४७७ | १,०९७,३००,०९१ |
| Profit before income tax | (५,५६५,७५८,६८०) | ९४६,७२१,५२८ |
Income tax expense
| Current Tax | ८७०,६७१,०२५ | २०७,१४४,९५८ |
| Deferred Tax | (२,५६४,३८६,९२४) | ३८,०७८,९४० |
| Profit for the period | (३,८७२,०४२,७८१) | ७०१,४९७,६३० |
Profit attributable to:
Equity holders of the Bank (३,८७२,०४२,७८१) ७०१,४९७,६३०
Non-controlling interest - -
Profit for the period (३,८७२,०४२,७८१) ७०१,४९७,६३०
Earnings per share
| Basic earnings per share | (२५.९६) | ४.७० |
| Diluted earnings per share | (२५.९६) | ४.७० |
| Adjusted earning per share | (२५.९६) | ४.७० |
Consolidated Statement of Cash Flow Statement
For The Period ended Ashadh २०८२
Amount in NPR
Group
Current Year Previous Year
CASH FLOWS FROM OPERATING ACTIVITIES
| Interest received | १९,४६०,५१८,८२४ | ३१,३५४,२४५,४०३ |
| Fees and other income received | १,६७७,५७९,१७१ | २,३४१,०१९,२६१ |
Dividend received - -
| Receipts from other operating activities | ३११,०७३,१५८ | ३६६,५०२,७४२ |
| Interest paid | (१५,१९५,६५९,९०८) | (२५,३४२,७१९,८९०) |
| Commission and fees paid | (३७६,२९१,६३५) | (३५८,०१०,७३७) |
| Cash Payment to Employees | (४,३६९,३४४,५९५) | (४,४१८,८८३,०९२) |
| Other expense paid | (२,२७९,८६९,७२१) | (३,६१५,०४६,०७१) |
| Operating cash flows before changes in operating assets and liabilities | (७७१,९९४,७०६) | ३२७,१०७,६१६ |
(Increase)/Decrease in Operating Assets
Due from Nepal Rastra Bank (४२,४७५,३४५,००२) ३,६९४,१७१,५८८
Placement with bank and financial institutions - -
| Other trading assets | २,८००,००० | २,६२४,२०८ |
| Loan and advances to bank and financial institutions | (१,५०४,३५२,१९८) | १,०१५,६८६,५४१ |
| Loans and advances to customers | ४५,२२१,७२४,६७९ | (१०,६६४,०२९,५६०) |
| Other assets | ६५७,८५९,९३९ | (७७८,७३६,२६९) |
Increase/(Decrease) in operating liabilities
Due to bank and financial institutions (४७९,७६३,५५१) १,९६२,४४१,५१०
Due to Nepal Rastra Bank - -
| Deposit from customers | (३७,१२५,०३२,०६९) | ३९,९९२,३२९,०७३ |
| Borrowings | २,०००,१६६,६३७ | १,३९७,७११,२४३ |
| Other liabilities | २,८८२,०१७,६७१ | (१,९४७,५१०,५७९) |
| Net cash flow from operating activities before tax paid | (३१,५९१,९१८,६००) | ३५,००१,७९५,३७२ |
| Income taxes paid | (३२२,०९२,६३८) | (६३६,७४८,२६०) |
| Net cash flow from operating activities | (३१,९१४,०११,२३८) | ३४,३६५,०४७,११३ |
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of investment securities - (२६,०८०,१२७,९१६)
| Receipts from sale of investment securities | ११,९१७,१६२,५६० | ३३८,२६९,०८२ |
| Purchase of property and equipment | (१५,९९२,९५०) | (८००,६९९,३०९) |
| Receipt from the sale of property and equipment | ५,३२८,०६१ | २,७४१,७९५ |
| Purchase of intangible assets | (१८,५००,७७६) | (८७,५०८,८८६) |
Receipt from the sale of intangible assets - -
Purchase of investment properties - -
Receipt from the sale of investment properties - १,२१७,९९४,९०१
| Interest received | ३,४३८,२००,४६५ | ३,८६६,६९३,५२२ |
| Dividend received | १०५,८३८,७३९ | १९५,६२४,३०४ |
| Net cash used in investing activities | १५,४३२,०३६,०९८ | (२१,३४७,०१२,५०७) |
Bank
Current Year Previous Year
CASH FLOWS FROM OPERATING ACTIVITIES
| Interest received | १७,५७०,५४४,४९९ | २९,२२८,०३७,७३८ |
| Fees and other income received | १,४७७,३२९,०४१ | २,२१६,७४४,९२० |
Dividend received - -
| Receipts from other operating activities | १११,७७५,६३६ | १७६,०११,७७४ |
| Interest paid | (१४,१७१,८५२,३९०) | (२४,३८५,६७०,२०१) |
| Commission and fees paid | (३२३,९२४,३८१) | (२८४,३९८,०८७) |
| Cash Payment to Employees | (३,६८९,०९०,३१२) | (३,९०८,०६८,१८०) |
| Other expense paid | (१,९२५,६५५,२६१) | (२,६३७,६५७,१७२) |
| Operating cash flows before changes in operating assets and liabilities | (९५०,८७३,१६९) | ४०५,०००,७९१ |
(Increase)/Decrease in Operating Assets
Due from Nepal Rastra Bank (४२,४७५,३४५,००२) ३,६९४,१७१,५८८
Placement with bank and financial institutions - -
| Other trading assets | २,८००,००० | (७४०,०००) |
| Loan and advances to bank and financial institutions | १,०५०,६४७,८०० | (९८३,३७७,८५३) |
| Loans and advances to customers | ४७,३७६,२३४,९५४ | (१३,२०७,३५८,३१४) |
| Other assets | १,२८५,४०१,३६० | (५७४,६४८,८२३) |
Increase/(Decrease) in operating liabilities
Due to bank and financial institutions (९४६,६४९,१०७) ४,३६७,९३६,५०५
Due to Nepal Rastra Bank - -
| Deposit from customers | (३७,९३१,११५,९२५) | ४०,८२८,०५९,४८५ |
| Borrowings | २,०००,१६६,६३७ | १,३९७,७११,२४३ |
| Other liabilities | २,८८२,०१७,६७१ | (१,९४७,५१०,५७९) |
| Net cash flow from operating activities before tax paid | (३१,५९१,९१८,६००) | ३५,००१,७९५,३७२ |
| Income taxes paid | (३३५,११५,२९१) | (६४०,९८६,८६८) |
| Net cash flow from operating activities | (३१,९१४,०११,२३८) | ३४,३६५,०४७,११३ |
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of investment securities - (२६,०५४,९९०,९१५)
| Receipts from sale of investment securities | ११,७६९,८४२,६१६ | ३४८,२६९,०८२ |
| Purchase of property and equipment | (४,५९६,४४१) | (७९६,४२७,९८३) |
| Receipt from the sale of property and equipment | ५,३२८,०६१ | २,७४१,७९५ |
| Purchase of intangible assets | (२२,५३६,७८०) | (८७,०९५,७०१) |
Receipt from the sale of intangible assets - -
Purchase of investment properties - -
Receipt from the sale of investment properties - १,२१७,९९४,९०१
| Interest received | ३,४३८,२००,४६५ | ३,८६६,६९३,५२२ |
| Dividend received | १९९,०८४,८८० | ३४३,९८६,१२० |
| Net cash used in investing activities | १५,३८५,३२२,८०१ | (२१,१५८,८२९,१७८) |
Consolidated Statement of Other Comprehensive Income
For the year ended Ashadh end, २०८२ (July १६, २०२५)
Amount in NPR
Group
Current Year Previous Year
Profit for the year (४,२०४,१४५,४८९) २,००८,२७१,८५१
Other comprehensive income, net of income tax
a) Items that will not be reclassified to profit or loss
- Gains/(losses) from investments in equity instruments measured at fair value २४१,८०३,४८९ (२०,६६५,४४६)
- Gains/(losses) on revaluation - -
- Actuarial gains/(losses) on defined benefit plans (१७७,५१२,०५२) -
| - Income tax relating to above items | (१९,२८७,४३१) | ६,१९९,६३४ |
| Net Other Comprehensive Income that will not be reclassified to profit or loss | ४५,००४,००६ | (१४,४६५,८१२) |
b) Items that are or may be reclassified to profit or loss
- Gains/(losses) on cash flow hedge - -
- Exchange gains/(losses) (arising from translating 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 - -
c) Share of other comprehensive income of associate accounted as per equity method - -
| Other comprehensive income for the period, net of income tax | ४५,००४,००६ | (१४,४६५,८१२) |
| Total comprehensive income for the period | (४,१५९,१४१,४८४) | १,९९३,८०६,०३९ |
Total comprehensive income attributable to:
| Equity holders of the Bank | (३,९८१,२२२,३५९) | १,८६७,०३८,७७३ |
| Non-controlling interest | (१७७,९१९,१२४) | १२६,७६७,२६६ |
| Total comprehensive income for the period | (४,१५९,१४१,४८४) | १,९९३,८०६,०३९ |
Bank
Current Year Previous Year
Profit for the year (३,८७२,०४२,७८१) ७०१,४९७,६३०
Other comprehensive income, net of income tax
a) Items that will not be reclassified to profit or loss
- Gains/(losses) from investments in equity instruments measured at fair value २४०,६३८,७८४ ५१,४३०,२२१
- Gains/(losses) on revaluation - -
| - Actuarial gains/(losses) on defined benefit plans | (१७७,५१२,०५२) | १७,२८७,२९० |
| - Income tax relating to above items | (१८,९३८,०२०) | (२०,६१५,२५३) |
| Net Other Comprehensive Income that will not be reclassified to profit or loss | ४४,१८८,७१२ | ४८,१०२,२५८ |
b) Items that are or may be reclassified to profit or loss
- Gains/(losses) on cash flow hedge - -
- Exchange gains/(losses) (arising from translating 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 - -
c) Share of other comprehensive income of associate accounted as per equity method - -
| Other comprehensive income for the period, net of income tax | ४४,१८८,७१२ | ४८,१०२,२५८ |
| Total comprehensive income for the period | (३,८२७,८५४,०६९) | ७४९,५९९,८८८ |
Total comprehensive income attributable to:
Equity holders of the Bank (३,८२७,८५४,०६९) ७४९,५९९,८८८
Non-controlling interest - -
Total comprehensive income for the period (३,८२७,८५४,०६९) ७४९,५९९,८८८
Statement of Changes in Equity
For The Period ended Ashadh 2082
Amount in NPR
Particulars Share Capital Share Premium General Reserve Exchange Equalisation Regulatory Reserve Fair Value Reserve Revaluation Reserve Retained Earning Other Reserve Total Non-controlling Interest Total Equity
| Balance as at Shrawan | 1, | 2080 | 11,564,005,366 | 5,478,016,797 | 48,528,936 | 3,522,160,842 | 497,192,634 | 3,534,225,906 | 4,746,825,375 | 29,390,955,856 | 29,390,955,856 |
| Adjustment/Restatement - - - - - - - | (444,543,673) | (444,543,673) | (444,543,673) | ||||||||
| Adjusted/Restated Balance at Shrawan | 1, | 2080 | 11,564,005,366 | 5,478,016,797 | 48,528,936 | 3,522,160,842 | 497,192,634 | 3,089,682,233 | 4,746,825,375 | 28,946,412,183 | 28,946,412,183 |
Comprehensive Income for the year
Profit for the year - - - - - - - 701,497,630 - 701,497,630 - 701,497,630
Other Comprehensive income, net of tax
| Gains/(losses) from investments in equity instruments measured at fair value - - | 40,007,140 | (164,034,544) | 160,028,559 | 36,001,155 | 36,001,155 |
| Gains/(losses) on revaluation - - - - - - - - | 12,101,103 | 12,101,103 | 12,101,103 |
Actuarial gains/(losses) on defined benefit plans - - - - - - - - - - - -
Gains/(losses) on cash flow hedge - - - - - - - - - - - -
Exchange gains/(losses) (arising from translating financial assets of foreign operation) - - - - - - - - - - - -
| Total comprehensive income for the year - - | 40,007,140 | (164,034,544) | 861,526,189 | 12,101,103 | 749,599,888 | 749,599,888 |
| Transfer to reserve during the year - - - - | 993,249,663 | 1,954,057,987 | 3,088,115,799 | 3,088,115,799 | ||
| Transfer from the reserve during the year - - | 140,299,526 | 508,623 | (3,088,115,799) | (3,088,115,799) | (3,088,115,799) |
Transactions with owners, directly recognized in equity
Share issued - - - - - - - - - - - -
Share based payments - - - - - - - - - - - -
Dividends to equity holders:
| Bonus Shares issued | 3,353,561,556 | (3,353,561,556) | |
| Cash Dividend Paid - - - - - - - | (176,503,240) | (176,503,240) | (176,503,240) |
Other - - - - - - - - - - - -
| Total contributions by and distributions: | 3,353,561,556 | (3,530,064,796) | (176,503,240) | (176,503,240) | |||||||
| Balance as at Ashadh End, | 2081 | 14,917,566,922 | 5,658,323,463 | 49,037,559 | 4,515,410,505 | 333,158,090 | (2,646,972,172) | 6,712,984,465 | 29,519,508,832 | 29,519,508,832 | |
| Balance as at Shrawan | 1, | 2081 | 14,917,566,922 | 5,658,323,463 | 49,037,559 | 4,515,410,505 | 333,158,090 | (2,646,972,172) | 6,712,984,465 | 29,519,508,832 | 29,519,508,832 |
Adjustment/Restatement - - - - - - - - - - - -
Adjusted/Restated Balance at Shrawan 1, 2081 14,917,566,922 - 5,658,323,463 49,037,559 4,515,410,505 333,158,090 - (2,646,972,172) 6,712,984,465 29,519,508,831 - 29,519,508,831
Comprehensive Income for the year
Profit for the year - - - - - - - (3,872,042,781) - (3,872,042,781) - (3,872,042,781)
Other Comprehensive income, net of tax
| Gains/(losses) from investments in equity instruments measured at fair value - - | 4,664,821 | 145,123,042 | 18,659,285 | 168,447,149 | 168,447,149 |
| Gains/(losses) on revaluation - - - - - - - - | (124,258,436) | (124,258,436) | (124,258,436) |
Actuarial gains/(losses) on defined benefit plans - - - - - - - - - - - -
Gains/(losses) on cash flow hedge - - - - - - - - - - - -
Exchange gains/(losses) (arising from translating financial assets of foreign operation) - - - - - - - - - - - -
| Total comprehensive income for the year - - | 4,664,821 | 145,123,042 | (3,853,383,496) | (124,258,436) | (3,827,854,069) | (3,827,854,069) |
| Transfer to reserve during the year - - - | 1,422,688 | 2,713,455,462 | 1,442,936,023 | 4,157,814,173 | 4,157,814,173 | |
| Transfer from the reserve during the year - - - - - - - | (4,157,814,173) | (4,157,814,173) | (4,157,814,173) |
Transactions with owners, directly recognized in equity
Share issued - - - - - - - - - - - -
Share based payments - - - - - - - - - - - -
Dividends to equity holders:
Bonus Shares issued - - - - - - - - - - - -
Cash Dividend Paid - - - - - - - - - - - -
Other - - - - - - - - - - - -
Total contributions by and distributions: - - - - - - - - - - - -
Balance as at Ashadh End, 2082 14,917,566,922 - 5,662,988,284 50,460,248 7,228,865,966 478,281,132 - (10,678,169,841) 8,031,662,051 25,691,654,762 - 25,691,654,763
