NDEP's fifth branch in Kavre

Nepal Development and Employment Promotion (NDEP) Bank has opened its fifth branch in Panchkhal of Kavre. The bank aims to fulfill all the banking needs of locals in various sectors. The bank has been providing ATM services from its Kamaladi, Patan and Koteshwor branches to its customers.The bank has posted Rs. 31.017 million net profit as per the financial report of fiscal year 2065/66 along with Rs. 34.773 millions operating profit. Likewise, the bank has Rs. 475 million paid up capital and holds Rs. 56.206 million in its reserve and surplus. 

NEPSE continues falling

Kantipur Report
KATHMANDU, Sept 6 - The bearish trend in the capital market continued last week with the Nepal Stock Exchange (NEPSE) index coming down by 10.75 points.
The NEPSE index was 671.15 points in the first day of trading on Sunday which came down to 660.40 points in the final day of trading on Wednesday. The shares were not traded on Thursday since it was a public holiday.
Indices of most of the groups saw a decline last week with the hydropower group leading the downfall by 16.02 points. After that the group comprising commercial banks saw a decline of 12.97 points followed by the group comprising finance companies with 9.31.
The group comprising development banks witnessed a fall of 9.17 points and the group categorised as others saw a decline of 8.23 points. The index of insurance group also went down by 4.62 points followed by manufacturing sector with 0.95 points. The indices of hotel and trading groups remained same the entire week.
The shares of 90 companies were traded last week. A total of 466,300 units of shares worth Rs. 345.43 million were traded in 4374 transactions.
There turnover declined by 32.63 percent against the figure of the previous week. A total of 688,700 units of shares worth Rs. 512.72 million had been traded in 5820 transactions the previous week. The sensitive index that measures the performance of 'A' class companies witnessed a decline of 3.35 points.
'A' class companies' shares worth Rs. 234 million, a share of 67.75 percent of the total transactions, were traded. The Bank of Kathmandu topped in terms of turnover.
The National Hydropower Company continued to top for several week in terms of number of shares traded and Bank of Asia topped in terms of number of transactions.
Meanwhile, 5.53 million rights shares of Development Credit Bank Limited and 1.56 million rights shares of Nepal Development and Employment Promotion Bank were listed in the stock exchange last week.
Likewise, 1.24 million bonus shares of Siddharth Bank and 80,784 bonus shares of Premier Finance was also listed last week.