Mahalaxmi Finance into 17th Year

Mahalaxmi Finance entered into the sixteenth year of operation on Wednesday. The finance company has plans of distributing 7.75 per cent dividend of its net profit. The decision has to be endorsed by the company's annual general meeting. The company was able to collect Rs 2 billion as deposits and floated loans worth Rs 2.17 billion till the mid-November. The company with its branches at Birgunj, Kalaiya, Narayanghat, Kathmandu, Hetauda and Malangawa provides modern banking services including any branch banking.

Source:
tht

Mahalaxmi Finance Ltd in Sukedhara

Mahalaxmi Finance Ltd (MFL) has started its sixth branch at Kathmandu's Sukedhara. The company ¿ established in Birgunj fifteen years ago ¿ has been able to collect deposits worth Rs 1.58 billion and floated the loans worth Rs 1.45 billion within the first ten months of the current fiscal year. It has been able to reduce its non-performing loans to 1.03 per cent within the third quarter of the fiscal year. The company provides any branch banking facility and will start SMS banking, ATM and other modern banking services.

Source: tht

Cash Dividend of Maha Laxmi Finance Ltd.

25, Oct 2009
The 201th BOD meeting of the company has decided to propose 24% cash dividend from the profit of F/Y 20655/066 subject to approval from its upcoming AGM.However, the transaction of this company has been suspended due to unclear merger process since 2008-May-08.