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News item 26-4-2007 |
Birat Laxmi Development
Bank Ltd (BLDBL)
allotted 200,000 units of
ordinary shares for
its initial public offering
(IPO) at a programme, today.
The Biratnagar based
development bank had floated
the IPO for 200,000 units of
ordinary shares with a face
value of Rs 100 each with
NIDC Capital Markets Ltd
as sales and issue manager.
The bank today allotted
shares to 12,368 public
investors including 13
employees at BLDBL. A total
of 38,417 people had applied
for the IPO. The bank has
posted an operating profit
of Rs 3.578 million for the
recently concluded fiscal
year 2006-07, said Madhav
Koirala, chairman of BLDBL,
adding that the number of
customers has reached 3,032
at mid-July 1007. According
to him, the bank mobilised
deposits worth Rs
163.95 million, while its
loans and advances stood at
Rs 148.41 million during the
period. The bank plans
to expand its reach to
different villages in Morang
District.
Read
more about the Birat Laxmi
Development Bank
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Nepal Merchant Banking
and Finance to become a
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(19-10-2007)
Sunrise bank starts
operations (11-10-2007)
Everest bank starts
mobile banking
(27-9-2007)
Standard Chartered PLC
to acquire American
Express Bank (19-9-2007)
Profit Capital Merchant
Banking & Finance
(27-7-2007)
Total deposits at the
banking sector grew by
over 10 percent
(24-6-2007)
ADBL
reduces non performing
loans (8-6-2007)
banks move to rural
areas (3-6-2007)
Salaries of Nepali
bank's CEOs (5-5-2007)
Laxmi
Bank opens branch in
Pokhara (26-4-2007)
Citizens Bank
International kicks off
commercial operation
(21-4-2007)
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