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Nirdhan Utthan Laghubitta Bittiya Sanstha Ltd. (Nepal)

Main Activities: Other Depository Credit Intermediation
Full name: Nirdhan Utthan Laghubitta Bittiya Sanstha Ltd. Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

The Bank is engaged in microfinance services such as Loans, Deposits, Microinsurence and Remittance services to rural poor of Nepal and was incorporated on 2055 Kartik 12 (29 Oct 1998) under the prevailing Development Bank Act, 2052 with the approval of Nepal Rastra Bank.
The Bank is currently operating as (D) category financial institution under Bank and Financial Institution Act 2063. It started its formal operation from July 1999 and was quoted in Nepal Stock Exchange with authorized ordinary share Rs 100 million.
Nirdhan Utthan Bank Limited has changed its name to Nirdhan Utthan Laghubitta Bittiya Sanstha Limited on 14 June 2018.

Headquarters
Nirdhan Bhawan Bhagwatibahal, Naxal -1
Kathmandu; Bagmati;

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Website: http://www.nirdhan.com

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1998
Key Executives
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Chairman
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Chief Executive Officer
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Chief Executive Officer
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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25.4%
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13.84%
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12.14%
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12.14%
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8.44%
Company Performance
Financial values in the chart are available after Nirdhan Utthan Laghubitta Bittiya Sanstha Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NPR. Absolute financial data is included in the purchased report.
Net interest income
-7.81%
Operating profit (EBIT)
189.62%
Net Profit (Loss) for the Period
197.99%
Total assets
1.98%
Total equity
10.58%
Total Assets Trend
N/A
Net Interest Income Trend
-0.37%

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