Narayani National Finance 10.5% dividend

Narayani National Finance has decided to distribute 10.5 per cent dividend to its shareholders in its AGM. The finance company has earned a net profit of Rs 114.4 million in the fiscal year 2009-10. The finance company has been able to reduce its Non Performing Assets to 1 per cent. The company has 10 branches across Nepal.

Source:
tht

Narayani National Finance profit at Rs 122 million

Narayani National Finance (NNF) that was created by merging Narayani Finance and National Finance last year, has posted Rs 122 million as operating profit for 2009-10. The merged company collected Rs 1.65 billion in deposits and floated loans worth Rs 1.165 million in the same period. It has been able to reduce its nonperforming loans to less than one per cent. The finance company has now 4 branches in Kathmandu and three in Chitwan and one in Sunsari, Biratnagar and Myanglung. The company has started any branch banking services and will soon start ATM service. The company has also issued rights shares to increase its capital base.
Source:
Tht