Unaudited Financial Results (Quarterly)
As on 4th Quarter (32/03/2083) for the Fiscal Year 2082/083
Statement of Financial Position
As on 32 Ashadh 2083 (16 July 2026)
Amount in NPR
Particulars Ashadh end 2083 Ashadh end 2082
Assets
| Cash and cash equivalent | २,०२४,३४६,३०१ | २,४५४,६४२,७१० |
| Placement with Bank and Financial Institutions | २,५५३,५१०,५१९ | २,४९७,९२८,१३५ |
Derivative financial instruments - -
Other trading assets - -
| Loans and advances to B/FIs | १,१८७,४०२,३४४ | २,८६८,२६६,९१८ |
| Loans and advances to customers | ४०,८७४,९६३,७६० | ४२,८२३,४९५,८३७ |
| Investment securities | ११,७२२,५६०,०६३ | १०,९७९,४९०,३२४ |
Current tax assets - -
Investment in subsidiaries - -
Investment in associates - -
| Investment property | ७३०,०७७,८१६ | ५२८,०९९,०३९ |
| Property and equipment | ९७९,९७२,३९२ | ७३३,३७८,५०० |
| Goodwill and intangible assets | १४२,१२९,१३१ | ८९,८०६,८१४ |
| Deferred tax assets | ६३,९८०,९१४ | ६३,९८०,९१४ |
| Other assets | ९९५,३४५,२५२ | ९७५,२६९,५३४ |
| Total Assets | ६६,०४२,५१९,३१० | ६३,५३१,५१३,६४३ |
Liabilities
Due to bank and financial institutions १,११२,५९३,२५९ १,५३०,४४२,५९०
Due to Nepal Rastra Bank - -
Derivative financial instruments - -
Deposits from customers ५६,९२१,७२५,७५७ ५४,६६४,५९४,३९१
Borrowing - -
Current tax liabilities ८१,०२५,९६५ ५६,२१६,१९६
Provisions - -
Deferred tax liabilities - -
| Other liabilities | ८५०,५०९,९४२ | ९०१,००७,५६३ |
| Subordinated Liabilities | ७४७,२१२,०३८ | ७४७,२१२,०३८ |
| Total Liabilities | ५९,७१३,४३४,८४७ | ५७,९०३,८१२,५२८ |
Equity
Share capital ३,७३४,०६४,५०६ ३,५५६,२५५,७२०
Share premium - -
| Retained earnings | ४९२,३७७,४१३ | ३६८,३५६,४१२ |
| Other reserves | १,१०२,८३४,१५३ | १,७०२,९२९,०१३ |
| Total equity attributable to equity holders | ५,३२९,०८४,४६३ | ५,६२७,७०१,११५ |
Non-controlling interest - -
| Total Equity | ५,३२९,०८४,४६३ | ५,६२७,७०१,११५ |
| Total Liabilities and Equity | ६६,०४२,५१९,३१० | ६३,५३१,५१३,६४३ |
Statement of Distributable Profit or Loss
As on 32 Ashadh 2083 (16 July 2026)
Amount in NPR
Particulars Ashadh end 2083 Ashadh end 2082
Net profit or (loss) as per statement of profit or loss ८४९,९३७,९३५ ६०६,८७१,७५७
Appropriations:
| a. General reserve | (१२४,७८२,३५९) | (१२४,७८२,३५९) |
| b. Foreign exchange fluctuation fund | (८०९,१७३) | (११,७६५,०५३) |
| c. Debenture redemption reserve | (१०७,१४२,४५७) | (१०७,१४२,४५७) |
| d. Corporate social responsibility fund | (४,८९९,३७९) | (६,०६६,७१८) |
e. Employees training fund (८९९,३१९) -
f. Fair Value Reserve ३,३७७,७६८ १७,२४०,०३६
g. Investment Adjustment Reserve - -
h. Others - -
Profit or (loss) before regulatory adjustment ५९७,१०५,६३३ ३८५,८०२,३१०
Regulatory adjustment:
a. Interest receivable (-)/previous accrued interest received (+) (१८,६५०,३५३) ८९,३७७,४९४
b. Short term loan provision in accounts (-)/reversal (+) - -
c. Short provision for possible losses on investment (-)/reversal (+) - -
| d. Short loan loss provision on Non Bank Assets (-)/reversal (+) | (१००,५२४,५५०) | (८१,२९३,३२९) |
| e. Deferred tax assets recognised (-)/Impairment of Goodwill (+) | २६२,५२४ | (११,७६६,०५३) |
f. Goodwill recognised (-)/Impairment of Goodwill (+) - -
g. Bargain purchase gain recognised (-)/reversal (+) - -
h. Fair value gain recognised (-)/reversal (+) - -
i. Other (+)/(-) - -
Unrealised Gain/(Loss) on Investment Securities - १,३३३,३०२
| Net Profit Available for Distribution | ४७८,१९३,३७५ | ३८३,४५३,७२४ | |
| Opening Retained Earning as on Shrawan | 1 | ३६८,३६६,४१२ | १३१,८७८,४३९ |
| Adjustment (+/-) | १४,१८५,४३५ | (१५,०८७,३१२) |
Distributions:
| Bonus Shares Issued | १७७,४१२,७४६ | १२५,२४४,४१७ |
| Cash Dividend Paid | १९०,५५३,६२६ | ६,५९३,९१७ |
| Total Distributable Profit or (Loss) | ४९२,३७२,४१४ | ३६८,३६६,४१२ |
| Annualised Distributable Profit/Loss PEG share | १३.१९ | १०.३६ |
Notes:
१. Above financial statements are prepared in accordance with Nepal Financial Reporting Standard (NFRS) in line with NRB Directive. The bank has recognized interest income on cash basis for loans and advances classified as sub-standard and below as per Income Tax Act.
२. Unaudited figures are subject to change as per instruction by statutory auditor and regulatory authority.
३. Loan and advances include staff loan and accrued interest receivable on loans and are presented net of loan impairment.
४. Personnel expenses include employee bonus calculated as per Bonus Act, 2030.
५. Provision for possible losses on investment securities is nil.
६. The bank has not declared any dividend for the fiscal year 2082/083.
Statement of Profit or Loss
For the Quarter ended 32 Ashadh 2083 (16 July 2026)
Amount in NPR
Particulars This Quarter Upto This Quarter Ashadh end 2082 Upto This Quarter
| Interest income | १,३७३,०३५,२३१ | ५,३५४,४१५,५२३ | १,४६२,४४४,८४६ | ५,३८६,०४४,२६० |
| Interest expense | ५७०,५४१,४४९ | २,३३४,३१५,५३५ | ४२०,१५५,३१४ | २,३१४,५७४,५३५ |
| Net interest income | ८०२,५५२,३८२ | ३,०२०,१०१,९८८ | १,०४२,२८९,५३२ | ३,०२९,४६९,७२५ |
| Fee and commission income | २२,२६६,४९३ | ८७,२९३,४७१ | २२,२६६,४९३ | ८७,२९३,४७१ |
| Fee and commission expense | (२,६६६,४९३) | (८,४७१,४७१) | (२,६६६,४९३) | (८,४७१,४७१) |
| Net fee and commission income | ७६,४९३,३९३ | २५७,२७९,४७३ | ५६,८३४,०८८ | २१४,६५४,८२६ |
| Net interest, fee and commission income | ६७९,०४५,७७५ | २,६७७,३८७,४१० | ६९९,१६७,५८९ | २,२८६,१२४,६५१ |
| Other operating income | २११,३८८,१०३ | २७५,४०१,३३७ | १६,०७३,९३३ | १७५,०३१,२८० |
| Total operating income | १,०९०,४३३,८७७ | २,९५२,७८८,७४७ | ७१५,२४१,५२२ | २,४६१,१५५,९३० |
| Impairment charge/(reversal) for loans and other losses | (९५,६६४,०४९) | ९१,३९३,७१० | ४९,८०४,७४१ | ३४५,४८०,५०२ |
| Net operating income | १,१८६,०९७,९२६ | २,८६१,३९५,०३७ | ६२५,४३६,७४१ | २,११५,६७५,४२९ |
Operating expenses
| Personnel expenses | ५२५,२६१,०६७ | १,००२,१२०,४०० | २३५,१२३,४४१ | ७५३,३४२,४५३ |
| Other operating expenses | ३०,४४०,३७३ | ३५६,६७३,१८३ | ३३,२९१,९११ | ३१३,२४४,१५७ |
| Depreciation & amortisation | ९०,१४६,०७४ | १५९,५६४,२४० | ९४,२६७,४७२ | १७२,२७४,५१० |
| Operating profit | ६४६,०९६,४१२ | १,५१८,३५७,८२३ | २६२,६७२,८१८ | १,७०४,४७६ |
| Non operating income | १०,९४०,२३६ | २१,७६१,४४१ | ८,९९४,८१८ | २१,७०२,१४० |
| Non operating expense | ८०,०५२,५४६ | १०३,१७७,६२६ | १९,३०४,०६३ | २१,९९४,९०६ |
| Profit before income tax | ५७७,७८६,३९५ | १,२७१,६१६,६८५ | २४३,९२५,२२२ | ८६४,२३७,१७८ |
| Current Income Tax | (१७२,२९५,०५०) | ३४१,८२५,०५० | ७१,२५७,९०७ | २३७,२६५,४२१ |
| Deferred Tax | (१,१८५,०९१) | (१,१८५,०९१) | (१९,७२६,०६६) | (१९,७२६,०६६) |
| Profit for the year | ४०५,४०६,८५४ | ८८९,९३७,९३५ | १७२,४५३,५२३ | ६०६,८७१,७५७ |
Condensed Statement of Other Comprehensive Income
Amount in NPR
Particulars This Quarter Upto This Quarter Ashadh end 2082 Upto This Quarter
| Profit for the period | ४०५,४०६,८५४ | ८८९,९३७,९३५ | १७२,४५३,५२३ | ६०६,८७१,७५७ |
| Total Other Comprehensive Income | (१४,७१७,९५१) | (१४,७१७,९५१) | (१४,७१७,९५१) | (१४,७१७,९५१) |
| Total Comprehensive Income for the period | ३९०,६८८,८८६ | ८८०,५१०,७९६ | २१८,६३३,५८१ | ६६८,०२२,८३१ |
Profit attributable to:
Equity holders of the bank ३९०,६८८,८८६ ८८०,५१०,७९६ २१८,६३३,५८१ ६६८,०२२,८३१
Non-controlling interest - - - -
Profit for the period ३९०,६८८,८८६ ८८०,५१०,७९६ २१८,६३३,५८१ ६६८,०२२,८३१
Earning per share
| Basic earning per share | २३.४३ | १७.०६ |
| Diluted earning per share | २३.४३ | १७.०६ |
RATIOS AS PER NRB DIRECTIVE
Particulars This Quarter Upto This Quarter Ashadh end 2082 Upto This Quarter
Tier 1 Capital to RWA ११.०१% ११.०१%
Capital Fund to RWA ११.५९% ११.५९%
Total Assets per Share (Rs.) २६.२१ २६.२१
Total Loans to Total Deposit Ratio ८३.०७% ८३.०७%
Non Performing Loan (NPL) to Total Loan १.४६% १.४६%
Total NPL Loss Provision to Total NPL ८७.७८% ८७.७८%
Cost of Funds ८.०८% ८.०८%
Credit to Deposit Ratio ८३.०७% ८३.०७%
Base Rate (Month end) ९.५७% ९.५७%
Interest Spread Rate ५.०४% ५.०४%
Return on Assets १.४५% १.४५%
Return on Equity १०.९५% १०.९५%
Additional Disclosure as per Securities Registration and Issuance Regulation - 2073 (Sub-Rule (1) of Rule 26, Annex 14)
Fourth Quarter of FY 2082/83
A. Financial Statement
१) Statement of Financial Position and Statement of Profit or Loss Published along with this report.
२) Key Financial Indicators/Ratios
Particulars Ashadh end 2083 Ashadh end 2082
| EPS (Annualized) | २३.४३ | १७.०६ |
| Price Earning Ratio (P/E Ratio) (Annualized) | १५८.०४ | १५८.०४ |
Return on Equity (ROE) (Annualized) १४.५२% १४.५२%
Total Assets per Share १,७६४.६५ १,७६४.६५
Capital Adequacy Ratio १६.३% १६.३%
Net Worth per Share १६९.५० १६९.५०
B. Related Party Profile
Parties are considered to be related if any one party has the ability to control the other party or exercise the significant influence over the other party in making or operation decision. The Bank does not have any related party; therefore there is no such transaction.
C. Management Analysis
१) Overall, NPL on loans and advances have increased by ३.२% and ३.००% respectively till the quarter end with reference to immediate previous year end.
२) Net interest income has increased in comparison to corresponding quarter of previous year despite reduction in interest income due to lower interest rates prevailing in the market.
३) Bank has enough liquidity to meet the lending opportunities, however, low credit demand in economy has significant impact in bank's profitability.
४) Bank is continuously working on improvising its IT infrastructure as well and adopting digitization.
५) Bank aims to achieve its financial goals through sustainable profitability and measured growth in balance sheet size. Our business model remains robust and we continue to seek sound growth with a high degree of customers satisfaction.
D. Details to Legal Action
Except in the normal course of business, no lawsuit of material nature has been filed by or against the bank during the review quarter period. No legal action has been taken by the bank against any of its board of directors or promoters of the bank during the period.
E. Analysis of share transaction and progress of the bank
१) Information regarding share transaction of the bank at securities market: since price and transaction of the bank's shares are being determined at Nepal Stock Exchange through open share market operation, management view on this is neutral.
२) Maximum, minimum and closing share price of the bank including total number of shares traded and days of transaction during the quarter.
Maximum Value Minimum Value Closing Price Transaction Volume (No. of Shares) Days of Transaction
Rs. ४४३.०० Rs. ३७४.१० Rs. ४०४.०० १,७०७,२५९ ६४ days
F. Problem and Challenges
Internal
• Digital operation risk
• Low credit demand and asset quality management
• Challenges in increasing non-interest revenue
External
• Political instability affecting investor confidence and long-term planning
• Regulatory changes leading to reduced credit demand and slower recovery
• Surge in non-performing loans (NPLs) due to loan default
• High inflation and interest rate volatility impacting borrowing and repayment capacity
• Liquidity crunch and rising operating costs impacting overall profitability
• Digital disruption and cybersecurity risks requiring rapid tech adaptation.
G. Strategy
• Strengthen risk management frameworks to proactively identify and mitigate credit, market, and operational risks
• Accelerate digital transformation to improve service delivery, reduce costs, and enhance customer experience
• Promote financial literacy to improve borrower discipline and repayment behavior
• Strengthen internal governance and compliance to maintain public trust and regulatory alignment
• Develop contingency plans for political or economic disruptions to ensure business continuity
• Optimize capital allocation to maintain resilience and meet regulatory capital requirements
• Monitor global trends to anticipate market changes and adjust strategies accordingly
• Invest in staff training to build capacity for handling complex financial and regulatory environments.
H. Corporate Governance
Board of Directors
Committees like Risk Management Committee, Employee Service & Benefit Committee, Audit Committee, AML/CFT Committee have been established in the bank for handling operations and these committees have been involved in major policy/plans decisions.
Internal control System
In order to strengthen the internal control mechanism of the bank, a separate independent Internal Audit Department has been established. The Internal Audit Department is responsible for ensuring compliance with regulatory requirements and internal policies. In addition to Audit Committee. Accordingly, Audit Committee holds regular meetings to analyze the recommendation and bring about necessary changes.
Internal policies, relations and Directives
In order to ensure that the bank functions smoothly and to mitigate risks emanating from business functions, the Bank has installed a sound operations system. All activities of the bank are guided by strong internal policies, manuals and guidelines which are reviewed on a periodic basis to address new developments and requirements. The bank has Compliance Department to monitor compliance with all regulatory and statutory requirements.
I. Declaration by the Chief Executive Officer on the truthfulness and accuracy of information.
I hereby declare that all the information provided in this document is true, complete and factual and that I take personal responsibility to provide the declaration. I also declare that the Bank's information or data that assists investors make their investment decisions have not been concealed in any way.
