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Nabil Bank Wins Three Prestigious Euromoney Awards, Named Nepal's Best Bank

Nabil Bank has received three prestigious honors at the Euromoney Awards for Excellence, earning recognition as Nepal's Best Bank, Best Bank for ESG, and Best Bank for SMEs for its strong financial performance, digital innovation, and commitment to sustainable banking.

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Nabil Bank Wins Three Prestigious Euromoney Awards, Named Nepal's Best Bank

Nabil Bank has been honored with three prestigious titles at the Euromoney Awards for Excellence, winning Nepal's Best Bank, Nepal's Best Bank for ESG, and Nepal's Best Bank for SMEs. The awards recognize the bank's strong financial performance, digital transformation, responsible banking practices, and significant contribution to supporting small and medium-sized enterprises (SMEs) while advancing environmental, social, and governance (ESG) priorities. Expressing his delight, Nabil Bank CEO Manoj Kumar Gyawali said the awards reflect the trust and confidence of the bank's customers, employees, shareholders, and partners. He reaffirmed the bank's commitment to innovation, sustainability, and inclusive economic growth. Widely regarded as one of the banking industry's most prestigious global recognitions, the Euromoney Awards acknowledge institutions demonstrating excellence in leadership and innovation. Nabil Bank currently serves more than 2.6 million customers through a nationwide network of 264 branches and 315 ATMs.

SEBON Approves 50% Right Share Issuance of NIC Asia Bank Worth Rs 7.45 Billion

The Securities Board of Nepal (SEBON) has granted preliminary approval to NIC Asia Bank Limited to issue 50 percent right shares at a 1:0.50 ratio. The bank will issue 74,587,835 shares worth Rs 7.45 billion at a face value of Rs 100 per share.

NRB to Sell Gold Coins and Silver Medallions for Tihar from November 5

Nepal Rastra Bank (NRB) will sell 2.5-gram gold coins and 10-gram silver medallions featuring Goddess Laxmi and Lord Ganesh on November 5 and 6 (Kartik 19 and 20) from its Minting Division in Babarmahal, Kathmandu.

Himalayan Laghubitta Proposes 5% Dividend for FY 2082/83

Himalayan Laghubitta (HLBSL) has proposed a 5% dividend for shareholders, comprising 4.75% bonus shares and 0.25% cash dividend for the fiscal year 2082/83.

Rastriya Banijya Bank Reports 175.52% Growth in Q1 Net Profit

Rastriya Banijya Bank Limited has reported a remarkable 175.52% year-on-year growth in net profit, earning Rs. 1.64 billion in the first quarter of FY 2083/84, compared to Rs. 598.73 million in the corresponding period of the previous fiscal year. The significant growth was driven by a sharp increase in net interest income and a substantial decline in impairment charges.

Kumari Bank Reports Rs. 1.07 Arba Net Profit in Q1; Operating Profit Jumps 32.39%

Kumari Bank Limited (KBL) has reported a modest 1.70% year-on-year growth in net profit, earning Rs. 1.07 billion in the first quarter of FY 2083/84, compared to Rs. 1.06 billion in the corresponding period last fiscal year. Despite a decline in net interest income, the bank recorded strong growth in operating profit, supported by a significant reduction in impairment charges and operating expenses.

NMB Bank Reports 27.11% Growth in First-Quarter Net Profit

NMB Bank Limited has reported a 27.11% year-on-year increase in net profit, earning Rs. 1.16 billion in the first quarter of FY 2083/84, compared to Rs. 915.98 million in the corresponding period of the previous fiscal year. The growth was supported by higher operating income, increased net interest income, and a significant decline in impairment charges.

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