ljifo–;"rL != t]x|f}+ ;fwf/0f ;ef ;DalGw ;"rgf ! @= ;fwf/0f;ef ;DaGwL ;fdfGo hfgsf/Lx? @ #= k|f]S;L kmf/d tyf k|j]zkq # $= ;+rfns ;ldltsf] cWoIfsf] k|ltj]bg % %= ;+rfns ;ldltaf6 k|:t't cf=j= @)&^÷&& sf] k|ltj]bg ^ ^= sDkgL P]g @)^# sf] bkmf !)( cg';f/sf] cltl/Qm ljj/0f !@ &= lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# sf] lgod @^ sf] pklgod @ ;Fu ;DalGwt cg';"rL !% adf]lhdsf] jflif{s ljj/0f !$ *= n]vfkl/Ifssf] k|ltj]bg !% (= ljQLo cj:yfsf] ljj/0f -jf;nft_ @! !)= gfkmf gf]S;fg ljj/0f @@ !!= cGo lj:t[t cfDbfgLsf] ljj/0f @# !@= OlSj6Ldf ePsf] kl/jt{gsf] ljj/0f @$ !#= gub k|jfx ljj/0f @^ !$= k|d'v n]vf gLtLx? tyf n]vf ;DaGwL l6Kk0fLx? @* !%= ljQLo ljj/0fsf cg';"rLx? $% !^= ljt/0f of]Uo gfkmf gf]S;fg lx;fa ^* !&= Basel III pb\3f]if0f / cGo ljj/0fx? ^( !*= )=%Ü eGbf dfly z]o/ ePsfx?sf] ;"rL *& !(= ;+:yfks z]o/wgLn] z]o/ lwtf] /fvL shf{ lnPsf] ljj/0f ** @) n]vfkl/If0f gePsf] ljQLo ljj/0f *( @!= n]vfkl/If0f gePsf] / n]vfkl/If0f kl5sf] t'ngfTds ljQLo ljj/0f (@ @@= g]= /f= a}+ssf] lgb]{lzsf @)&^ -@)_-$_-(_ ;+u ;DaGwL ljj/0f ($ @#= ljQLo ;"rsf+sx? (% @$= g]kfn /fi6« a+}ssf] :jLs[ltkq (^ @%= a}+ssf] k|aGwkq tyf lgodfjnLdf ;+;f]wg (&
13th Annual Report 2076/077 t]x|f}+ aflif{s ;fwf/0f;ef ;DaGwL ;"rgf ldlt @)&&÷)(÷)& -tb\g';f/ @@ l8;]Dj/, @)@)_ ut] a;]sf] ;+rfns ;ldltsf] $!@ cf}+ a}7ssf] lg0f{ofg';f/ o; a}+ssf] t]x|f}+ aflif{s ;fwf/0f;ef lgDg lnlvt ldlt, :yfg / ;dodf lgDg ljifox¿ pk/ 5nkmn tyf lg0f{o ug{ a:g] ePsf] x'“bf cfb/0fLo ;Dk"0f{ z]o/wgL dxfg'efjx¿sf] pkl:yltsf]nflu cg'/f]w ub{5' . ;ef x'g] ldlt, :yfg / ;doM ;ef x'g] ldlt M @)&&÷)(÷@( ut], a'waf/ -tb\g';f/ !# hgj/L, @)@!_ . :yfg M k|fOd sdl;{on a}+s lnld6]8, s]Gb|Lo sfof{no,sdnkf]v/L, sf7df08f} . ;ef z'¿ x'g] ;do M laxfg !)M)) ah]b]lv . -sf]le8–!( dxfdf/Lsf] hf]lvdsf sf/0f ;fwf/0f ;efdf cgnfOg -er'{cn_ k|ljlw dfkm{t ;xefuL x'g;Sg] u/L z]o/wgL dxfg'efjx?nfO{ Meeting sf] ID tyf Password pknAw u/fpg] Joj:yf ul/Psf] 5 ._ 5nkmnsf ljifox¿ M -s_ ;fdfGo k|:tfjx¿ M != cfly{s aif{ @)&^÷&& sf] ;+rfns ;ldltsf] k|ltj]bg pk/ 5nkmn u/L kfl/t ug]{ . @= n]vfk/LIfssf] k|ltj]bg ;lxt @)&& cfiff9 d;fGtsf] jf;nft, ldlt @)&^÷)$÷)! b]lv @)&&÷)#÷#! ;Ddsf]] gfkmf gf]S;fg lx;fj / ;f]xL cjlwsf] gub k|jfx nufotsf ljj/0fx¿ pk/ 5nkmn u/L :jLs[t ug]{ . #= ;fljs sGsfO{ ljsf; a}+s lnld6]8sf] n]vfk/LIfssf] k|ltj]bg ;lxt @)&^ cfiff9 d;fGtsf] jf;nft, ldlt @)&%÷)$÷)! b]lv @)&^÷)#÷#! ;Ddsf]] gfkmf gf]S;fg lx;fj / ;f]xL cjlwsf] gub k|jfx nufotsf ljj/0fx¿ pk/ 5nkmn u/L :jLs[t ug]{ . $= a}+s tyf ljQLo ;+:yf ;DjGwL P]g, @)&# sf] bkmf ^# tyf sDkgL P]g, @)^# sf] bkmf !!! cg';f/ cfly{s aif{ @)&&÷&* sf] nflu n]vfk/LIf0f ug{ n]vfk/LIf0f ;ldltn] l;kmfl/; u/] adf]lhd n]vfk/LIfs lgo'Qm ug]{ / lghsf] kfl/>lds cg'df]bg ug]{ . -¶at{dfg n]vfk/LIfs >L ;'hg sfkm\n] P08 P;f]l;o6\;, rf68{ PsfpG6]06;\ k"gM lgo'Qm x'g ;Sg] ._ -v_ laz]if k|:tfjx¿ M !_ ;+rfns ;ldltn] k|:tfj u/] adf]lhd a}+ssf] r'Qmf k"FhLsf] !%Ü -kGw| k|ltzt_ -¿= @,)(,&&,*&,$@%÷–_ af]g; z]o/ hf/L ug]{{ / ;f]xL adf]lhd a}+ssf] k|jGw–kq tyf lgodfjnL ;+zf]wg ug]{ . @_ a}+ssf] sfdsf] l;nl;nfdf ;+rfnsnfO{ k|bfg ul/g] b}lgs tyf e|d0f eQfdf ;+zf]wg ug]{ / ;f]xL adf]lhd a}+ssf] lgodfjnL ;+zf]wg ug]{ . #_ o; a}+s tyf cGo s'g} a}+s tyf ljQLo ;+:yf Ps cfk;df dh{ x'g] -ufEg]÷ufleg]_, k|flKt -PlSjlhzg_ ug{] ;Gbe{df cfjZos ;Dk"0f{ k|lqmof cjnDjg u/L Ps cfk;df dh{ -ufEg]÷ufleg]_, k|flKt -PlSjlhzg_ ug{sfnflu ;~rfns ;ldltnfO{ ;Dk"0f{ clVtof/ k|bfg ug]{ . $_ lgDg adf]lhd a}+ssf] k|jGwkq tyf lgodfjnLdf ;+zf]wg÷yk ug]{ s_ a}+sn] af]g; z]o/ hf/L u/] kZrft a}+ssf] hf/L kF"hL tyf r'Qmf kF"hL a[l4 x'g] ePsf] x'gfn] k|jGw kq sf] bkmf ^-v_ / ^-u_ df ;+zf]wg ug]{ . v_ lgodfjnLsf] lgod #@-u_ df ;+zf]wg ug]{ . %_ k|aGw kq / lgodfjnLdf ePsf] ;+zf]wgdf lgodgsf/L lgsfox¿ -sDkgL /lhi6«f/sf] sfof{no, g]kfn /fi6« a}+s, g]kfn lwtf]kq af]8{ cflb_ n] s'g} km]/jbn÷;+zf]wg÷kl/dfh{g ug{ jf ldnfpg s'g} ;'emfj jf lgb]{zg lbPdf ;f]xL cg'¿k cfjZos ;dfof]]hg ug{ a}+ssf] ;~rfns ;ldltnfO{ clVtof/L k|bfg ug]{ .
-u_ ljljw . cf1fn], ;Gtf]if a/fn sDkgL ;lrj
13th Annual Report 2076/077 1 ;fwf/0f;ef ;DaGwL ;fdfGo hfgsf/Lx¿ M != ldlt @)&&÷)(÷@) ut]sf lbg Ps lbg a}+ssf] z]o/ bflvn vf/]h btf{ aGb (Book Close) /xg]5 . g]kfn :6s PS;r]Gh lnld6]8df ldlt @)&&÷)(÷!( ut] ;Dd sf/f]af/ eO{ & sfo{ lbgleq o; a}+ssf] z]o/ /lhi6«f/, l;len Soflk6n dfs]{6\; ln=, sf7df08f}df k|fKt z]o/ gfd;f/Lsf] lnvtsf] cfwf/df z]o/wgL btf{ lstfadf sfod z]o/wgLx?n] ;f] ;efdf efu lng, Aff]g; z]o/ kfpg ;Sg' x'g]5 . @= ljZjJofkL ?kdf k}mlnPsf] sf]/f]gf efO/; -sf]le8 !(_ dxfdf/L /f]syfd tyf lgoGq0fsf nflu g]kfn ;/sf/af6 hf/L ul/Psf :jf:Yo ;DaGwL lgb]{zg Pj+ dfkb08x?sf] ;Ddfg Pj+ kl/kfngf ub}{ cgnfO{g -er'{cn_ (Zoom) sf] dfWodaf6 ;efdf ;xefuL x'g], cfkm\gf] dGtJo /fVg] tyf dtbfg ug{ ;Sg] Joj:yf ;d]t ldnfOPsf] x'Fbf sf]/f]gf efO/; (COVID-19) sf] ;+qmd0faf6 aRg / arfpg oyf;So cgnfO{g -er'{cn_ (Zoom) dfWodaf6 To; a}+ssf] ;+:yfks÷;j{;fwf/0f z]o/wgLsf] x}l;otn] ldlt @)&& ;fn k'if dlxgf @( ut] a'waf/sf lbg x'g] t]x|f}+ jflif{s pkl:yt e}lbg' x'g ;Dk"0f{ z]o/wgL dxfg'efjx?nfO{ cg'/f]w 5 .
#= cgnfO{g -er'{cn_ (Zoom) dfWodaf6 pkl:yt eO{ ;fwf/0f ;efdf ;xefuL x'g tyf dGtJo /fVg rfxg' x'g] z]o/wgL dxfg'efjx?n] ;ef x'g' eGbf sDtLdf $* 306f cufj} cfkm\gf] kl/rokq ;lxt a}+sn] hf/L u/]sf] z]o/ k|df0fkq÷DMAT vftf vf]lnPsf] k|df0fsf] :Sofg skL ;dfj]z u/L sDkgL ;lrjsf] O{d]n 7]ufgf santosh. [email protected] df O{d]n k7fpg' kg]{5 . o;/L k|fKt ePsf O{d]ndf cgnfO{g -er'{cn_ (Zoom) dfWodaf6 ;efdf ;xefuL x'gsf nflu cfjZos x'g] Meeting sf] ID / Password pknAw u/fOg] 5 . o; k|lqmofaf6 pkl:yt x'g'x'g] z]o/wgL dxfg'efjx?nfO{ ;ef:yndf pkl:yt eP;/x dfGotf lbg] Joj:yf ul/Psf] 5 . ;efdf cfkm\gf] /fo ;'emfj lbg rfxg'x'g] dxfg'efjn] lnlvt ?kdf cfkm\gf] /fo÷;'emfj email dfk{mt ;d]t lbg ;Sg] Joj:yf ldnfOPsf] 5 . $= jflif{s ;fwf/0f ;efdf ef}lts ?kdf efu lng OR5's z]o/wgL dxfg'efjx?n] z]o/ k|df0fkq÷lxtu|fxL (DEMAT) vftf vf]lnPsf] k|df0f / cfkm\gf] kl/ro v'Ng] k|df0f jf ;f]sf] k|ltlnlk -h:t} gful/stf k|df0fkq jf cGo s'g} kmf]6f] ;lxtsf] kl/rokq_ clgjfo{ ?kdf ;fydf lnO{ cfpg'x'g cg'/f]w 5 . sf]/f]gf efO/; -sf]le8 !(_ dxfdf/Lsf] sf/0f ;efdf pkl:yt x'Fbf @ ld6/sf] ;fdflhs b'/L sfod x'g] u/L xflh/L tyf ;ef:yndf a:g] Joj:yf sfod ul/Psf] x'Fbf efO{/; ;+qmd0faf6 aRg÷arfpgsf] nflu cfjZos kg]{ df:s÷k~hf nufotsf Go'gtd ;'/Iffsf] pks/0fx? k|of]u ug{ ;Dk"0f{ z]o/wgL dxfg'efjx?nfO{ cg'/f]w 5 . cGoyf ;ef sIf leq k|j]z kfO{g] 5|}g . xflh/L k'l:tsf laxfg ( ah] b]lv ;ef rfn' /x'Gh]n ;Dd v'Nnf /xg]5 . %= ;fwf/0f ;efdf efu lng k|ltlglw -k|f]S;L_ lgo'Qm ug{ rfxg] z]o/wgLx?n] a}+ssf] csf]{ z]o/wgLnfO{ dfq k|ltlgwL lgo'Qm ug{ ;Sg'x'g]5 . k|rlnt sDkgL sfg"gn] tf]s]sf] 9fFrfdf k|ltlglwkq -k|f]S;L_ kmf/d e/L ;ef z'? x'g'eGbf sDtLdf @$ 306f cufj} a}+ssf] s]Gb|Lo sfof{no, sdnkf]v/L sf7df8f}+df btf{ u/fO{ ;Sg'kg]{5 . ^= Gffafns jf dfgl;s ;Gt'ng 7Ls gePsf] z]o/wgLx?sf] tkm{af6 a}+ssf] z]o/ nut btf{ lstfadf ;+/Ifssf] ?kdf gfd btf{ ePsf] dxfg'efjx?n] ;efdf efu lng, k|ltlgwL tf]Sg ;Sg' x'g]5 . &= ;+o'Qm ?kdf z]o/ v/Lb ul/Psf] cj:yfdf z]o/wgLsf] nut btf{ lstfadf klxn] gfd pNn]v ePsf] JolQm cyjf ;j{;Ddtaf6 k|ltlgwL lgo'Qm ul/Psf] Ps JolQmn] dfq ;efdf efu lng kfpg'x'g]5 . *= ;efdf efu lng k|ltlgwL lgo'Qm ul/;s]kl5 ;DalGwt z]o/wgLn] cfkm}+n] efu lng jf k|ltlgwL km]/abn ug{ rfx]df ;ef ;'? x'g'eGbf sDtLdf @$ 306f cufj} ;f] sf] ;"rgf a}+ssf] s]Gb|Lo sfof{no, sdnkf]v/L, sf7df8f}+df btf{ ul/;Sg'kg]{5, cGoyf k|ltlglw km]/abn x'g ;Sg] 5}g . t/ ;efdf ;DalGwt z]o/wgL :jo+ pkl:yt x'g cfPdf z]o/wgLn] ul/lbPsf] clVtof/gfdf :jtM ab/ x'g]5 . (= 5nkmnsf] ljifo dWo] ljljw lzif{s cGtu{t s'g} ljifodf ;fwf/0f ;efdf 5nkmn ug'{kg]{ eP OR5's z]o/wgLn] ;ef x'g'eGbf & lbg cufj} ;f] ljifo sDkgL ;lrj dfkm{t ;+rfns ;ldltsf] cWoIfnfO{ lnlvt ?kdf lbg'x'g ldltM @)&&÷)(÷@( cg'/f]w 5 .
!) ;ef z'? eGbf ! 306f cufj} cgnfO{g -er'{cn_ (Zoom) dfWod v'nf ul/g] 5 .
2 13th Annual Report 2076/077 13th Annual Report 2076/077 3
t]x|f}+ jflif{s ;fwf/0f ;efdf ;+rfns ;ldltsf] cWoIfsf] cf=j= @)&^÷&& sf] k|ltj]bg
sf]le8–!( sf] dfxfdf/Lsf] sf/0fn] cfDbfgLdf s]xL ;+s''rg o; k|fOd sdl;{on a}+s lnld6]8sf] t]x|f}+ jflif{s ;fwf/0f cfPtf klg ut jif{ eGbf v''b d''gfkmf @=$ k|ltztn] a[l4 ;efdf :jo+ tyf er''{cn dfWodaf6 pkl:yt e} ;efsf] u/L s''n ? @ ca{ @% s/f]]8 k'¥ofpg a}+s ;kmn ePsf] ul/df a9fOlbg' ePsf]df ;Dk""0f{ z]o/wgL dxfg''efjx?nfO{ 5 . o;}u/L ;f]xL cjlwdf a}+sn] lgIf]k utjif{ eGbf %)=$& a}+s ;+rfns ;ldltsf] tkm{af6 d xflb{s :jfut clejfbg k|ltztn] j[l4 u/L ? ! va{ @( ca{ &( s/f]8 tyf shf{ ug{ rfxG5' . ;fy} o; ljifd kl/l:yltdf klg oxfFx?n] %!=#$ k|ltztn] a[l4 u/L s''n ? ! va{ !% ca{ $& s/f]8 k|fOd a}+s k|lt bzf{pb} cfpg'' ePsf] :g]x, ;b\efj Pj+ k'¥ofpg ;kmn ePsf] 5 . z''e]R5fsf nflu xflb{s wGojfb 1fkg ug{ rfxG5'' . o; a}+sn] ljut jif{x? b]lvg} ljleGg sf/0fn] a}+lsË sf]le8sf] ljZjJofkL dxfdf/Lsf sf/0f ;g\ @)@) df ljZj If]qdf l;h{gf x''g ;Sg] k|lts''n kl/l:yltx?nfO{ ;d]t cy{tGqdf * k|ltztn] ;+s'rg cfpg] / C0ffTds j[l4 dWogh/ /fvL cfDbfgL / ;+rfng vr{ aLr ;Gt''ng sfod x'g] cGt/f{li6«o d'b|fsf]ifsf] k|If]k0f /x]sf] 5 . 7"nf] cy{tGq u/L ldtJofoL 9+un] ;+rfng ug'{kg]{ dfGotf cFufNb} cfPsf] ePsf] blIf0f Pl;ofnL d'n's ef/t nufot o; If]qsf cGo 5 . o; dfGotf / ;f]xL cg'?ksf] sfo{z}nLsf sf/0f b]zdf klg sf]le8 !( sf] uDeL/ gsf/fTds c;/ b]lvPsf] sf]le8 dxfdf/Lsf] k|lts''n cj:yfdf ;d]t rfn'' cf=j=sf] 5 . g]kfn klg o; dxfdf/Lsf] c;/af6 c5'tf] /xg klxnf] q}df;df cl3Nnf] jif{sf] ;f]xL cjlwdf eGbf %$=@$ ;s]sf] 5}g . g]kfnsf] cy{tGqdf klg ! k|ltzt dfqsf] k|ltztn] v''b d''gfkmf a[l4 u/L s''n ? ! ca{ ! s/f]8 j[l4 x'g] d'b|fsf]ifsf] k|If]k0f /x]sf] 5 . /fi6« a}+sn] rfn' v''b d''gfkmf cfh{g ug{ a}+s ;kmn ePsf] 5 . d'gfkmfsf] cfly{s jif{df shf{sf] lj:tf/ @) k|ltztn] x'g] cg'dfg of] cfsf/ g]kfnsf] a}+lsª pBf]udf rf}yf] 7"nf] ePsf] u/]klg cfly{s ultljlwx?df ;+s'rg cfPsf] / gofF s'/f ;uf}/j hfgsf/L u/fpg rfxG5' . a}+sn] ljut jif{ gofF kl/of]hgfx?df shf{sf] dfu sd ePsf]n] pNn]Vo b]lvg} u}x| sf]ifdf cfwfl/t cfDbfgLdf ljz]if k|fyldstf kl/df0fdf shf{ lj:tf/ x'g ;s]sf] 5}g . lj:tf/} cfly{s lbPsf] sf/0fn] klg jt{dfg k|lts''n cj:yfdf ;d]t a}+sn] ultljlwx? rnfodfg x'g yfn]sf]n] rfn' cfly{s jif{sf] cfkm\gf] d''gfkmfsf] cfsf/df o:tf] a[l4 ug{ ;kmn ePsf] afFsL cjlwdf eg] shf{sf] lj:tf/ x'g] ;+efjgf a9\b} uPsf] xf] . a}+sn] Joj;fodf u/]sf] a[[l4 Pj+ k|efjsf/L hf]lvd 5 . xfdL klg cfkm\gf] tkm{af6 pQm nIo k|flKtsf nflu Joj:yfkgsf sf/0fn] cfufdL q}df;x?df ;d]t a}+sn] k|oTgzLn /x]sf 5f}+ . sf]le8sf] dxfdf/Lsf sf/0f ljz]ifu/L cfh{g ub}{ cfPsf] d''gfkmfdf lg/Gt/tf sfod eO{ cfly{s g]kfnsf] ko{6g, lgdf{0f, cf}Bf]lus pTkfbg, z}lIfs If]q a9L ;""rsf+sx? pT;fxhgs /xg] xfd|f] b[9 ljZjf; /x]sf] 5 . dfqfdf k|efljt ePsf 5g\ . k|jflxt shf{nfO{ rnfodfg a}+sn] cf=j= @)&^÷&& df s+sfO{ ljsf; a}+s lnld6]8 tyf u/fpg / k'g?Tyfgsf nflu C0fLx?nfO{ cfjZos ;a} s}nfz ljsf; a}+s lnld6]8nfO{ k|flKt u/L PsLs[t sf/f]af/ ;xof]u u/]sf 5f}+ . tyflk g]kfn /fi6« a}+ssf] lgb]{zg z''? u/]sf] 5 . oL b''O{ ljsf; a}+s k|flKt kZrft a}+ssf] adf]lhd k|efljt If]qnfO{ k|ToIf Aofh 5'6, Aofhb/ tyf s''nr'Qmf k""+hL ? !# ca{ (* s/f]8 k'u]sf] 5 eg] r'Qmf k]gfn Aofhdf 5'6 tyf cGo ;x'lnotx? k|bfg ul/bf o; k"FhLsf b[li6n] k|fOd g]kfnsf] rf}yf] 7""nf] jfl0fHo a}+s aGg a}+ssf] cfDbfgLdf klg s]xL gsf/fTds k|efj kg{ uPsf] k'u]sf] 5 . ;fy} k|flKt kZrft a}+ssf] zfvf ;+hfndf a[l4 5 . 3f]lift oL ;'ljwfx? C0fLx?nfO{ k|bfg ubf{ a}+sn] eO{ s''n !** zfvf k''u]sf] 5 . ljz]ifu/L s}nfz ljsf; a}+snfO{ ufe]/ PsLs[t sf/f]af/ x'gf;fy aGbfaGbL z'? e} /sd a/fa/sf] Jooef/ Joxf]g'{k/]sf] 5 . o; cltl/Qm xfn]sf]n] To;sf] nfe lnO{ xfNg ;+ej gePklg cfufdL xfdLn] a}+ssf] cfwf/ b/dWo]af6 klg C0fLx?nfO{ 5'6 lbgdf e/k"/ ;xof]u k'Ug] ljZjf; ug{ ;lsG5 . a}+ssf] lbPsf] ;ef;dIf hfgsf/L u/fpg rfxG5' . o:tf] cK7\of/f] r''Qmf kF""hLnufot ;du| k'FhLsf]if Pj+ zfvf ;+hfndf ePsf] cj:yfdf klg C0fLx?n] Aofh e'Qmfg u/L shf{ lgoldt a[l4af6 cfufdL lbgx?df a}+ssf] Joj;fo lj:tf/ ug{sf u/fO/xg'ePsf]df pxfFx?nfO{ wGojfb lbg rfxG5f}+ . nflu dhj"t k""jf{wf/ tof/ ePsf] 5 . ljQLo k"jf{wf/sf] cfb/0fLo ;]o/wgL dxfg'efjx? oxL dha"t hu, cfw'lgs k|ljlw / l8lh6nfOH8 ;]jf, ldtAooL ;~rfng z}nL, shf{ nufgLsf k[ys /0fgLlt / sf]le8sf] c;/ ljZjJofkL ePsf]n] o;af6 cfkm"nfO{ s;/L k|fyldstf, s'zn hf]lvd Joj:yfkgsf] t'ngfTds ;fdYo{ arfP/ /fVg ;lsG5 eGg]df xfdL cToGt} ;r]t / ;hu ;lxt k|fOd a}+s cfufdL lbgdf cem k|lt:kwL{ aGg]5 . ;fy} 5f}+ . To;}n] o:tf] k|lts"n kl/l:yltdf xfdLn] ;+oldt / a}+ssf] k|ultsf d'Vo ;f/yLsf] ?kdf /x]sf lgIf]kstf{, kl/kSj 9+un] shf{ lj:tf/ ug]{ sfo{gLlt cjnDag u/]sf shf{sf pkef]Qmf, ;]o/wgL / sd{rf/L kl/jf/ ;a}nfO{ 5f}+ .xfdLn] ljutb]lv g} cjnDag ub}{ cfPsf] shf{ lj:tf/sf] nfesf] lx:;fdf ;xefuL u/fO{ cufl8 a9\g] k|ltj4tf klg If]qut k|fyldstf tyf s'zn hf]lvd Joj:yfkg, df}lns o; cj;/df JoQm ug{ rfxG5' . sfo{z}nL / k[ys /0fgLltsf sf/0f sf]le8sf] dxfdf/Lsf aLr klg a}+ssf d'Vo ljQLo kl/;"rsx? ;sf/fTds ut jif{af6 sf]le8–!( sf] dxfdf/Lsf] sf/0fn] d''n''ssf] /x]sf] hfgsf/L u/fpg rfxG5' . ;dLIff jif{ @)&^÷&& df cy{tGq Pj+ a}+lsË If]q k|efljt ePsf] cj:yfdf ;d]t
4 13th Annual Report 2076/077 13th Annual Report 2076/077 5 ljrlnt geO{ a}+sn] cfkm\gf u|fxsju{ Pj+ C0fLx?sf] Joj;fo lg/Gt/tf tyf k""g?Tyfgsf nfluljz]if k|fyldstf lbO{ ;]jf pknAw u/fpFb} cfPsf] oxfFx?nfO{ hfgsf/L g} 5 . rfn'' cf=j= @)&&÷&* df sf]le8–!( sf] dfxfdf/Lsf] k|efjn] a}+lsË If]qsf] Joj:ffodf ck]lIft a[l4 x''g g;s]tf klg o; cjlwdf a}+lsË If]qdf b]lvPsf] clws t/ntf / shf{ t]x|f}+ jflif{s ;fwf/0f ;efdf Jofhb/df cfPsf] sdLn] pBf]u Joj;foLx?nfO{ s]xL /fxt dx;''; ePsf] 5 . cfly{s k'g?Tyfgsf nflu g]kfn ;/sf/ ;+rfns ;ldltaf6 k|:t't cf= j= @)&^÷&& sf] k|ltj]bg tyf /fi6« a}+sn] 3f]if0ff u/]sf ljleGg /fxt tyf ;''ljwfx? k|bfg ub}{ cfPsf] 5 . a}+ssf] lbuf] ljsf;sf nflu gfkmf cfh{g dxTjk"0f{ 5 . ;Fu;Fu} sf]le8–!( sf] k|efjaf6 l;h{gf ePsf] o; ljifd kl/l:yltdf cfkm\gf C0fLx?sf] k'g?Tyfg klg plQs} dxTjk"0f{ 5 . To;}n] o; a}+sn] Joj;fosf] k|s[lt x]/L k'g?Tyfgsf nflu C0fLx?nfO{ cfjZostf cg'';f/ o; k|fOd sdl;{on a}+s lnld6]8sf] t]x|f} jflif{s ;fwf/0f ;efdf :jo+ kfNg' ePsf Pj+ er'{cn dfWodaf6 pkl:yt x'g'ePsf ;Dk"0f{ 3f]lift /fxtsf cltl/Qm cGo ;]jf ;'ljwfx? ;d]t pknAw u/fpFb} cfPsf] 5 . a}+s / C0fL aLrsf] ;xsfo{af6 clwsfz+ z]o/wgL Pj+ cltly dxfg'efjx?df o; a}+ssf] ;+rfns ;ldlt xflb{s :jfut tyf clejfbg ub{5 . cfly{s jif{ @)&^÷&& df C0fLx?sf] pBf]u Joj;fosf] k""g/f]Tyfg / lg/Gt/tfdf ljz]if of]ubfg k''Ug uPsf] 5 . sf]le8–!( sf] cGTo geO;s]sf] a}+sn] xfl;n u/]sf] pknlAwx?, a}+s ;~rfngdf b]lvPsf r'gf}ltx? Pj+ eljiodf a}+sn] clVtof/ ug]{ /0fgLlt Pj+ bL3{sflng kl/k|]Ifdf ;bfemf}+ eljiodf ;d]t C0fLx?;Fu ;xsfo{ u/L pBf]u Joj;fosf] k""g/f]Tyfgsf nflu cfjZos ljleGg a}+lsË of]hgfx?sf] af/]df o; k|ltj]bgdf ;+lIfKt ?kdf k|:t't ul/Psf] 5 . ;''ljwfx? lj:tf/ ug{ a}+s sl6a4 /x]sf] 5 . 1. /fli6«o÷cGt/f{li6«o cy{tGq -s_ ljZj cy{tGq sf]le8–!( ;+qmd0fsf sf/0f cy{tGqsf ;a} If]q k|efljt 5g\ . jZjJofkL dxfdf/L sf]le8–!( sf sf/0f ;dLIff cjlw / cGTodf, cfufdL jif{df ;d]t gs/fTds c;/ kg{ ;Sg] cg'dfg ul/Psf] 5 . ;g\ @)!( df @=* k|ltzt /x]sf] ljZj cy{tGqsf] o; a}Fssf] k|ultdf k|ToIf Pj+ k/f]If ?kn] ;xof]u k'¥ofpg' x'g] ;Dk"0f{ z]o/wgL dxfg'efjx?, u|fxsju{, g]kfn /fi6« a}+s, j[l4b/ ;g\ @)@) df –$=$ k|ltzt / @)@! df %=@ k|ltzt /xg] cGt/f{li6«o d'b|f sf]ifsf] k|If]k0f 5 . ;g\ @)!( df !=& lwtf]kq af]8{, g]kfn :6s PS;r]Gh, l;l8P; P08 SnLol/ª ln=, g]kfn ;/sf/sf ;DalGwt lgodg lgsfox? Pj+ cGo k|ltztn] j[l4 ePsf] ljsl;t cy{tGq ;g\ @)@) df –%=* k|ltztn] / ;g\ @)@! df #=* k|ltztn] j[l4 x'g] sf]ifsf] k|If]k0f ;/f]sf/jfnfx?nfO{ o; cj;/df xflb{s wGojfb 1fkg ug{ rfxG5' . a}+ssf] pGglt / k|ultdf lg/Gt/ nugzLntfsf 5 . o;}u/L, pbLodfg tyf ljsf;zLn cy{tGq ;g\ @)!( df #=& k|ltztn] j[l4 ePsf]df ;g\ @)@) df –#=# k|ltztn] ;fy of]ubfg k'¥ofpg] a}+s Joj:yfkg tyf sd{rf/Lx?nfO{ ljz]if wGojfb lbg rfxG5' . ;fy} a}+ssf] x/]s ultljlwx?nfO{ / ;g\ @)@! df ^=) k|ltztn] j[l4 x'g] sf]ifsf] k|If]k0f 5 . pbLodfg tyf ljsf;zLn Pl;ofnL cy{tGq ;g\ @)!( df oyfy{k/s, j:t'ut tyf ;sf/fTds 9+un] cfd hg;d'bfo ;dIf ;Dk|]if0f ul/lbg] ;+rf/ hut nufot cGo ;Dk"0f{ %=% k|ltztn] j[l4 ePsf]df ;g\ @)@) df –!=& k|ltztn] / ;g\ @)@! df *=) k|ltztn] j[l4 x'g] sf]ifsf] k|If]k0f 5 . z'e]R5'sx? k|lt xflb{s cfef/ k|s6 ub{5' . rLg / ef/tsf] cfly{s j[l4b/ ;g\ @)!( df qmdzM ^=! k|ltzt / $=@ k|ltzt /x]sf]df ;g\ @)@) df b'a} cy{tGqsf] wGojfb . j[l4b/ !=( k|ltzt / –!)=# k|ltzt /xg] sf]ifsf] k|If]k0f 5 . o;}u/L, ;g\ @)@! df rLgsf] j[l4b/ *=@ k|ltzt / ef/tsf] *=* k|ltzt /xg] sf]ifsf] k|If]k0f 5 . ljsl;t / pbLodfg tyf ljsf;zLn d'n'sx?sf] d'b|f:kmLlt ;g\ @)!( df qmdzM !=% k|ltzt / %=! k|ltzt /x]sf]df ;g\ ======@)@) df qmdzM !=# k|ltzt / %=) k|ltzt /xg] sf]ifsf] k|If]k0f 5 . ;g\ @)@! df eg] oL d'n'sx?sf] d'b|f:kmLlt qmdzM /fh]Gb| bf; >]i7 !=$ k|ltzt / $=& k|ltzt /xg] sf]ifsf] k|If]k0f 5 . ;g\ @)@) df cfoft tyf lgof{t b'a}df ;+s'rg cfO{ ljZj Jofkf/ cWoIf cfotg !)=$ k|ltztn] 36\g] sf]ifsf] k|If]k0f /x]sf] 5 . ;g\ @)@) tyf ;g\ @)@! Dff k|ToIf j}b]lzs nufgL tyf ljk|]k0f ;+rfns ;ldlt, cfk|jfx ;a}h:ff] cy{tGqx?df 36\g] k|If]k0f /x]sf] 5 . k|fOd sdl;{on a}+s lnld6]8 sf]le8–!( sf sf/0f ;/sf/L vr{df a9f]Q/L cfPsf] 5 . ljZj:t/df sf]le8–!( sf] k|efjnfO{ Go"gLs/0f ug{ ljleGg ljQLo ldltM @)&&÷)(÷@( pkfox?Dffkm{t !!& va{ cd]l/sg 8n/ cyf{t s'n ufx{:Yo pTkfbgsf] sl/a !@ k|ltzt vr{ ul/Psf] 5 . o;af6 ;/sf/L ;|f]t ;fwgdf rfk kg{ uO{ ;/sf/L ah]6 3f6f s'n ufx{:Yo pTkfbgsf] ( k|ltzt ljGb'n] j[l4 x'g] tyf ;fj{hlgs C0f s'n ufx{:Yo pTkfbg cg'kft !)) k|ltzt;Dd k'Ug] k|If]k0f /x]sf] 5 . -;|f]tM cGt/fli6«o d'åf sf]ifsf] ;g\ @)@) sf] cfly{s k|ltj]bg_ -v_ /fli6«o cy{tGq sf]le8 – !( sf k||efjsf ;Gbe{df sf]le8–!( dxfdf/Lsf sf/0f ljZje/ dfgjLo ;+s6sf ;fy} cfly{s ;+s6 pTkGg ePsf] 5 . sf]le8–!( ;+qmd0fsf] k|efjaf6 g]kfnsf] cy{tGq klg c5'tf] /xg ;s]g . ljZje/ g} >d ahf/ / ljk|]if0f cfk|jfx k|efljt ePsf] 5 . k|d'v j}b]zLs /f]huf/Ld"ns d'n'sx?af6 >lds kmls{g] qmd;+u} ljk|]if0f cfk|jfxdf ;fdfGo sdLsf sf/0f, ;f] sf] c;/ a}+lsË If]qsf] ;fwg kl/rfng / afXo If]q ;Gt'ngdf kg]{ b]lvPsf] 5 . sf]le8–!( dxfdf/Lsf] c;/ b]zsf] /fh:j kl/rfng tyf k'Flhut vr{ / a}+lsË If]qsf] shf{ nufgLdf a9L k/]sf] 5 . sf]le8–!( n] cy{tGqdf kf/]sf] c;/ Joj:yfkg ug{ df}lb|s gLltn] d"No / jfXo If]q :yfloTj sfod /fVg cfly{s k'g?Tyfgdf hf]8 lbgsf lgDtL tyf cfly{s ultljlwnfO{ rnfodfg agfpg sf]le8–!( af6 clt k|efljt If]qsf] shf{ Joj:yfkg / kx'Frdf rf}wf}+ jflif{s k|ltj]bg @)&^÷&& ;xlhs/0f ug{ / ljQLo ;fwgnfO{ pBdzLntf clej[l4 / /f]huf/L l;h{gf ug]{ ul/ df}lb|s gLlt hf/L ul/Psf] 5 . s'n ufx{:Yo pTkfbg / cfly{s j[l4 s]Gb«Lo tYof° ljefusf] tYof° cg';f/ cfly{s jif{ @)&^÷&& df s'n ufx{:Yo pTkfbg j[l4b/ @=@* k|ltzt /x]sf] cg'dfg /x]sf]df cl3Nnf] cfly{s jif{ o:tf] j[l4b/ &=! k|ltzt /x]sf] lyof] . To:t} g]kfn ;/sf/n] cfly{s jif{ @)&&÷&* sf] ah]6df & k|ltzn] cfly{s j[l4 x'g] nIo /fv]sf] 5 . ;dLIff jif{df s[lif If]qsf] pTkfbg @=%( k|ltzt, pBf]u If]qsf] #=@# k|ltzt tyf ;]jf If]qsf] !=(( k|ltzt j[l4 ePsf] 5 . cl3Nnf] jif{ s[lif, pBf]u tyf ;]jf If]qsf] pTkfbg qmdzM %=)^ k|ltzt, &=&@ k|ltzt / &=@& k|ltztn] j[l4 ePsf] lyof] . cfly{s jif{ @)&^÷&& df s'n ufx{:y pTkfbgdf s[lif, pBf]u / ;]jf If]qsf] c+z qmdzM @&=^% k|ltzt, !$=@& k|ltzt / %*=)* k|ltzt /x]sf] 5 . cl3Nnf] jif{ s'n ufx{:y pTkfbgdf s[lif, pBf]u / ;]jf If]qsf] c+z qmdzM @&=%! k|ltzt, !%=)* k|ltzt / %&=$! k|ltzt /x]sf] 5 . cl3Nnf] jif{ eGbf o; jif{ s'n ufx{:y pTkfbgdf s[lif, pBf]u If]qsf of]ubfgdf sdL 6 13th Annual Report 2076/077 13th Annual Report 2076/077 7 tyf ;]jf If]qsf] of]ubfgdf a[lå ePsf] 5 . z'? u/fP kZrft\ @)&& c;f/ d;fGt;Dd s'n !(^ j6f a}+s tyf ljQLo ;+:yfx? dh{/÷k|flKt k|lqmofdf ;fd]n eO{;s]sf d'b|f:kmLlt 5g\ . o;dWo] % j6f jfl0fHo a}+s ;d]t ul/ !%) j6f ;+:yfx?sf] Ohfht vf/]h x'g uO{ s'n $^ ;+:yf sfod ePsf 5g\ . ;fldIff jif{df dfq $ j6f jfl0fHo a}+s ;d]t #% a}+s tyf ljQLo ;+:yf ufEg]÷ufleg] tyf k|flKt k|lqmofdf ;+nUg cfly{s jif{ @)&^÷&& df jflif{s cf};t pkef]Qmf d'b|f:kmLlt ^=!% k|ltzt /x]sf] 5 . cl3Nnf] cfly{s jif{df o:tf] d'b|f:kmLlt eO{ @) j6f ;+:yfx?sf] Ohfht vf/]h ePsf] 5 . $=^ k|ltzt /x]sf] lyof] . cfly{s jif{ @)&^÷&& df vfB tyf k]o kbfy{ ;d"xsf] jflif{s cf};t d'b|f:kmLlt *=!^ k|ltzt /x]sf] 5 . cl3Nnf] cfly{s jif{df pQm ;d"xsf] d'b|f:kmLlt #=! k|ltzt /x]sf] lyof] . cfly{s jif{ @)&^÷&& df u}/–vfB tyf ;]jf lgIf]k ;+sng tyf shf{ k|jfx ;d"xsf] jflif{s cf};t d'b|f:kmLlt $=^! k|ltzt /x]sf] 5 . cl3Nnf] cfly{s jif{df pQm ;d"xsf] d'b|f:kmLlt %=( k|ltzt /x]sf] ;dLIff jif{df a}+s tyf ljQLo ;+:yfx¿sf] lgIf]k !*=& k|ltztn] a9]sf] 5 . cl3Nnf] jif{ o:tf] lgIf]k !* k|ltztn] a9]sf] lyof] . @)&& c;f/df jflif{s laGb'ut pkef]Qmf d'b|f:kmLlt g]kfndf $=&* k|ltzt / ;g\ @)@) sf] h'nfO{df ef/tdf ^=(# lyof] . @)&& c;f/df a}+s tyf ljQLo ;+:yfx¿sf] s'n lgIf]kdf rNtL, art / d'2tLsf] c+z qmdzM !) k|ltzt, #!=( k|ltzt k|ltzt /x]sf]5 . @)&^ c;f/df jflif{s laGb'ut yf]s d'b|f:kmLlt %=^ k|ltzt /x]sf] 5 . @)&^ c;f/df o:tf] d'b|f:kmLlt / $*=^ k|ltzt /x]sf] 5 . cl3Nnf] jif{ o:tf] c+z qmdzM (=& k|ltzt, #@=* k|ltzt / $^=# k|ltzt /x]sf] lyof] . @)&& c;f/ %=$! k|ltzt /x]sf] lyof] . d;fGtdf a}+s tyf ljQLo ;+:yfx?sf] s'n lgIf]kdf ;+:yfut lgIf]ksf] c+z $%=# k|ltzt /x]sf] 5 . @)&& c;f/ d;fGtdf j}b]lzs Jofkf/ o:tf] lgIf]ksf] c+z $% k|ltzt /x]sf] lyof] . ;dLIff jif{df a}+s tyf ljQLo ;+:yfx?af6 lghL If]qdf k|jflxt shf{ !@ k|ltztn] a9]sf] 5 . cl3Nnf] jif{ o:tf] shf{ !(=$ cfly{s jif{ @)&^÷&& df s'n j:t' lgof{t )=^ k|ltztn] j[l4 eO{ ?=(& ca{ &! s/f]8 k'u]sf] 5 . cl3Nnf] jif{ o:tf] k|ltztn] a9]sf] lyof] . lghL If]qtk{m k|jflxt shf{dWo] jfl0fHo a}+sx?sf] shf{ k|jfx !^ k|ltztn] / ljQ sDkgLx?sf] lgof{t !(=$ k|ltztn] j[l4 ePsf] lyof] . uGtJosf cfwf/df ef/ttkm{ !!=* k|ltztn] j[l4 ePsf] 5 . rLgtkm{ / cGo * k|ltztn] a9]sf] 5 eg] ljsf; a}+sx?sf] shf{ k|jfx !^=@ k|ltztn] 36]]sf] 5 . d'n'stkm{ lgof{tdf $#=% k|ltzt / !*=@ k|ltztn] sdL cfPsf] 5 . j:t'ut cfwf/df kfd t]n, cfo'j]{lbs cf}iflw, hl8a'6L, cfly{s jif{ @)&^÷&& df a}+s tyf ljQLo ;+:yfx?sf] s[lif If]qtkm{sf] shf{ !^=& k|ltztn], cf}Bf]lus pTkfbg If]qtkm{sf] Knfli6ssf efF8f, kmnkm'n nufotsf j:t'sf] lgof{t a9]sf] 5 eg] h:tfkftf, tf/, kf]ln:6/ ofg{ tyf wfuf], tof/L kf]zfs, shf{ !!=% k|ltztn], lgdf{0f If]qtkm{sf] shf{ !@=# k|ltztn], oftfoft, ;+rf/ tyf ;fj{hlgs ;]jf If]qtkm{sf] shf{ !*=^ pgL un}+rf nufotsf j:t'sf] lgof{t 36]sf] 5 . k|ltztn], yf]s tyf v'b|f Jofkf/ If]qtkm{sf] shf{ &=& k|ltztn] / ;]jf pBf]u If]qtkm{sf] shf{ @@=! k|ltztn] a9]sf] 5 . cfly{s jif{ @)&^÷&& df s'n j:t' cfoft !%=^ k|ltztn] 36]/ ?=!! va{ (^ ca{ *) s/f]8 sfod ePsf] 5 . cl3Nnf] jif{ o:tf] cfoft !#=( k|ltztn] a9]sf] lyof] . j:t' cfoft ul/g] d'n'ssf cfwf/df ef/t, rLg tyf cGo d'n'saf6 ePsf] t/ntf Joj:yfkg cfoft qmdzM !(=( k|ltzt, !!=% k|ltzt / %=# k|ltztn] 36]sf]] 5 . j:t'ut cfwf/df sRrf kfd t]n, sRrf ;f]ofljg cfly{s jif{ @)&^÷&& df v'nf ahf/ sf/f]af/sf ljleGg pks/0fx? dfk{mt\ ?= @!( ca{ !^ s/f]8 t/ntf k|jfx ul/Psf] t]n, /f;folgs dn, vfg] t]n, sDKo'6/ tyf kf6{k'hf{ nufotsf j:t'sf] cfoft a9]sf] 5 eg] k]6«f]lnod kbfy{, oftfoftsf 5 . o; cGtu{t l/kf]dfkm{t\ ?= !!% ca{ *& s/f]8 / :yfoL t/ntf ;'ljwfdfkm{t\ ?= !)# ca{ @* s/f]8 k|jfx ePsf] 5 . ;fwg tyf kf6{k'hf{, Pd=P;= lan]6, ;'g, cGo d]lzg/L tyf kf6{k'hf{ nufotsf j:t'sf] cfoft 36]sf] 5 . cl3Nnf] jif{ ?= #@@ ca{ $( s/f]8 t/ntf k|jfx ePsf] lyof] . cfly{s jif{ @)&^÷&& df s'n j:t' Jofkf/ 3f6f !^=* k|ltztn] ;+s'rg eO{ ?=!) va{ (( ca{ ( s/f]8 sfod ePsf] 5 . ;dLIff jif{df v'nf ahf/ sf/f]af/sf ljleGg pks/0fx?dfk{mt\ k6s–k6s u/L s'n ?= &* ca{ t/ntf k|zf]rg ul/Psf] cl3Nnf] jif{ o:tf] 3f6f !#=% k|ltztn] j[l4 ePsf] lyof] . Jofkf/ 3f6fsf] s'n ufx{:Yo pTkfbg;Fusf] cg'kft @(=@ k|ltzt 5 . o; cg';f/ lgIf]k ;+sng af]nsaf]ndfkm{t\ ?= #) ca{ / l/e;{ l/kf]dfk{mt\ ?= $* ca{ t/ntf k|zf]rg ePsf] 5 . /x]sf] 5 . ;dLIff jif{df lgof{t–cfoft cg'kft *=@ k|ltzt k'u]sf] 5 . cl3Nnf] jif{ o:tf] cg'kft ^=* k|ltzt /x]sf] lyof] . cl3Nnf] jif{sf] ;f]xL cjlwdf ?= !)) ca{ #% s/f]8 t/ntf k|zf]rg ePsf] lyof] . ljk|]if0f cfk|jfx ;dLIff jif{df o; a}+sn] ljb]zL ljlgdo ahf/ -jfl0fHo a}+sx?_ af6 cd]l/sL 8n/ $ ca{ @! s/f]8 v'b vl/b u/L ?= $(@ ca{ @$ s/f]8 t/ntf k|jfx u/]sf] 5 . cl3Nnf] jif{ ljb]zL ljlgdo ahf/af6 cd]l/sL 8n/ # ca{ !( s/f]8 vl/b ;dLIff jif{df ljk|]if0f cfk|jfxdf )=% k|ltztn] sdL cfO{ ?= *&% ca{ # s/f]8 sfod ePsf] 5 . cl3Nnf] jif{ ljk|]if0f u/L ?= #^) ca{ (! s/f]8 t/ntf k|jfx ul/Psf] lyof] . cfk|jfx !^=% k|ltztn] a9]sf] lyof] . cd]l/sL 8n/df ljk|]if0f cfk|jfx #=# k|ltztn] 36]sf] 5 . cl3Nnf] jif{ o:tf] cfk|jfx ljQLo kx'Fr &=* k|ltztn] a9]sf] lyof] . s'n &%# :yfgLo txdWo] @)&& c;f/;Dd &$& txdf jfl0fHo a}+sx?sf zfvf lj:tf/ ePsf 5g\ . @)&^ c;f/;Dd rfn' vftf Pjd\ zf]wgfGt/ l:ylt jfl0fHo a}+ssf zfvf lj:tf/ ePsf] :yfgLo txx?sf] ;+Vof &#% lyof] . g]kfn /fi6« a}+saf6 Ohfhtk|fKt ;+:yf dWo] cfly{s jif{ @)&^÷&& df rfn' vftf 3f6f *&=( k|ltztn] 36L ?= #@ ca{ ^ s/f]8 sfod ePsf] 5 . cl3Nnf] jif{ o:tf] @)&& c;f/ d;fGtdf @& jfl0fHo a}+s, @) ljsf; a}+s, @@ ljQ sDkgL, *% n3'ljQ ljQLo ;+:yf / ! k"jf{wf/ ljsf; 3f6f ?= @^% ca{ #^ s/f]8 lyof] . cfly{s jif{ @)&^÷&& df zf]wgfGt/ l:ylt ?= @*@ ca{ $! s/f]8n]] 3f6fdf /x]sf] 5 . a}+s ;+rfngdf /x]sf 5g\ . a}+s tyf ljQLo ;+:yfx?sf] zfvf ;+Vof @)&^ c;f/ d;fGtdf *^*^ /x]sf]df @)&& c;f/ cl3Nnf] jif{ zf]wgfGt/ l:ylt ?= ^& ca{ $) s/f]8n] wf6fdf /x]sf] lyof] . cd]l/sL 8n/df zf]wgfGt/ l:ylt cl3Nnf] jif{ d;fGtdf (&^% k'u]sf] 5 . %( s/f]8 !) nfvn] 3f6fdf /x]sf]df ;dLIff jif{df @ ca{ #% s/f]8n] artdf /x]sf] 5 . -;|f]tM g]kfn /fi6« a}+s, b]zsf] jt{dfg cfly{s tyf ljQLo l:ylt_ ;dLIff jif{df k'FhLut 6«fG;km/ *=! k|ltztn] 36L ?=!$ ca{ @! s/f]8 sfod ePsf] 5 eg] v'b k|ToIf j}b]lzs nufgL $(=! @= cfly{s jif{ @)&^÷&& df a}+ssf] sf/f]af/sf] l;+xfjnf]sg k|ltztn] j[l4 eO{ ?= !( ca{ $* s/f]8 k'u]sf] 5 . cl3Nnf] jif{ k'FhLut 6«fG;km/ ?= !% ca{ $^ s/f]8 / v'b k|ToIf sf]le8–!( ;+qmd0fsf sf/0f sl/a Ps jif{af6 cy{tGqsf ;a} If]q k|efljt 5g\ . o:tf] k|lts'n kl/l:ytLdf ;d]t o; a}+sn] j}b]lzs nufgL ?=!# ca{ ^ s/f]8 /x]sf] lyof] . ;dLIff jif{df v'b 6«fG;km/ cfo !=# k|ltztn] sdL eO{ ?= (*@ ca{ @@ cfgf] ;]jfu|fxLx?nfO k|efjsf/L a}+lsË ;]jf ;'ljwf k|bfg ub}{ cfPsf] 5 . a}+snfO{ cem} dha't agfpg] p2]Zon] cfgf] /0fgLlt s/f]8 k'u]sf] 5 . cl3Nnf] jif{ o:tf] cfo !% k|ltztn] a9]sf] lyof] . cg'?k ;dLIff cfly{s jif{df >L sGsfO{ lasf; a}+s / s}nfz lasf; a}+snfO{ k|flKt ul/;s]sf] 5 . o; cfly{s jif{df a}+sn] cfgf] k|flKt dfkm{t zfvf ;+hfn / u|fxscfwf/ lj:tf/ ub}{ z]o/wgLx?nfO{ pRr k|ltkmn lbg ;kmn ePsf] 5 . o; a}+ssf] cfly{s jif{ @)&^÷&& sf] cfoftnfO{ cfwf/ dfGbf a}lsË If]q;Fu /x]sf] ljb]zL ljlgdo ;l~rlt !$=$ dlxgfsf] j:t' cfoft sf7df08f}+ pkTosf leq $^ tyf pkTosf aflx/ !$@ u/L hDdf !** j6f zfvf sfof{no tyf !)# j6f Pl6Pd k'u]sf 5g\ . / !@=& dlxgfsf] j:t' tyf ;]jf cfoft wfGg kof{Kt /xg] b]lvG5 . ;dLIff jif{df ljb]zL ljlgdo ;l~rltsf] s'n ufx{:Yo cfly{s jif{ @)&^÷&& sf] ljQLo ljj/0f Nepal Financial Reporting Standard (NFRS) adf]lhdsf] ;j{dfGo n]vfsf] pTkfbg, s'n cfoft / lj:t[t d'b|fk|bfo;Fusf cg'kftx? qmdzM #&=@ k|ltzt, !)%=* k|ltzt / ##=! k|ltzt /x]sf 5g\ . l;4fGtsf cfwf/df tof/ ul/Psf] 5 . ;dLIff cjlw / cl3Nnf] cfly{s jif{ @)&%÷&^ sf] ljQLo ljj/0f cg';f/ o; a}+ssf] @)&^ c;f/ d;fGtdf oL cg'kftx? qmdzM #)=) k|ltzt, ^$=( k|ltzt / @(=) k|ltzt /x]sf lyP . @)&& c;f/ d;fGtdf ljQLo l:yltsf] t'ngfTds cj:yf b]xfo adf]lhd /x]sf 5g\ . d'n'ssf] v'b j}b]lzs ;DklQ / bfloTjsf] l:ylt (Net International Investment Position) ?=@&! ca{ (^ s/f]8 /x]sf] 5 . @)&^ c;f/df o:tf] /sd ?=!** ca{ *^ s/f]8 /x]sf] lyof] . Aofhb/ cfly{s jif{ @)&^ cfiff9sf] t'ngfdf @)&& cfiff9df (! lbg] 6«]h/L ljnsf] efl/t cf};t Aofhb/ / cGt/a}+s sf/f]jf/sf] efl/t cf};t Aofhb/ 36]sf] 5 . @)&^ cfiff9df (! lbg] 6«]h/L ljnsf] efl/t cf};t Aofhb/ $=(& k|ltzt /x]sf]df @)&& cfiff9df !=@& k|ltzt sfod /x]sf] 5 . To;}u/L jfl0fHo a}+sx¿aLrsf] cGt/a}+s sf/f]jf/sf] efl/t cf};t Aofhb/ @)&^ cfiff9df $=%@ k|ltzt /x]sf]df @)&& cfiff9df )=#% k|ltzt k'u]sf] 5 . dh{/ / k|flKt ljQLo :yfloTj ;'b[9Ls/0f ug]{ p2]Zon] g]kfn /fi6« a}+sn] a}+s tyf ljQLo ;+:yf ufEg]÷ufleg] tyf k|flKt ;DaGwL k|lqmof
8 13th Annual Report 2076/077 13th Annual Report 2076/077 9 -3_ nfef+;÷af]g; z]o/ t'ngfTds k|ult ljj/0f o; a}+sn] cfgf nufgLstf{x? nfO{ pRrtd k|ltkmn k|bfg ug{ ljz]if k|fyldstf lbFb} cf=j= @)&^÷&& ljj/0f cf=a= @)&^÷&& cf=a= @)&%÷&^ k|ltzt df g]kfn /fi6« a}+saf6 :jLs[t eP cg';f/ c;f/ r'Qmf k"FhL* 13,985,249,504 9,318,626,700 50.08∞ d;fGtdf sfod /x]sf] o; a}+ssf] r'Qmf k"FhL ?= s'n ;DklQ 152,389,181,160 102,255,829,620 49.03∞ (,#!*,^@^,&))=)) tyf sGsfO{ lasf; a}+s lnld6]8 s'n lgIf]k 129,791,905,035 86,257,837,697 50.47∞ / s}nfz lasf; a}+s lnld6]8 k|flKt kl5 sfod /x]sf] s"n k"FhL ?= !#,(*%,@$(,%)$=)) sf] !% k|ltztn] s'n shf{ 115,470,413,863 76,298,394,587 51.34∞ ?= @,)(&,&*&,$@%.– af]gz z]o/ ljt/0f ug]{ k|:tfj s'n nufgL 13,744,303,290 10,193,179,518 34.84∞ oxfFx? ;dIf :jLs[ltsf] nflu k]z ub{5f}F+ . v'b Jofh cfDbfgL 4,640,621,080 3,584,607,187 29.46∞ cfos/ P]g @)%* sf] bkmf $& -s_ adf]lhd sd{rf/L vr{ 1,093,776,904 888,335,061 23.13∞ dh{÷k|flKt kZrft uflePsf] cj:yfdf sfod /x]sf z]o/wgLx?nfO{ b'O{ jif{ ;Dd nfef+z s/ gnfUg] k|fjwfg ePsf]n] s/ k|of]hgfy{ nfef+z k|:tfj ul/Psf] 5}g . k|flKt cGo ;+rfng vr{ 672,961,184 431,863,178 55.83∞ kZrft\ z]o/ vl/b ug]{ z]o/wgLx?sf] xsdf eg] nfef+z s/ nfUg]5 o; k|of]hgsf] nfuL af]gz z]o/ lgisfzg ;dodf s'n ;+rfng vr{ 1,766,738,089 1,320,198,239 33.82∞ nfef+z s/ ;+sngsf] Joj:yf ul/g]5 . ;+rfng d'gfkmf 3,268,542,969 3,149,515,709 3.78∞ -ª_ zfvf ;~hfndf lj:tf/ v'b gfkmf÷-gf]S;fg_ 2,251,415,436 2,198,792,243 2.39 ∞ g]kfn /fi6« a}+ssf] PsLs[t lgb]{zgsf] kfngf ub}{ a}+ssf] Joj;fo j[l4 ug]{ / ;/sf/L sf/f]af/ ug]{ u/L a}+ssf zfvfx? *k|:tfljt af]gz z]o/ afx]s ;ft} k|b]zx?df cjl:yt 5g\ . k|b]lzs dftxftsf zfvfx?sf] sfdsf/afxLsf] cg'udg / lg/LIf0f ug{ ;ft} k|b]zdf 5'§} -s_ lgIf]k kl/rfng k|fb]lzs sfof{nosf] Joj:yf ;d]t ul/Psf] 5 . sGsfO{ lasf; a}+s lnld6]8 / s}nfz lasf; a}+s lnld6]8sf] k|flKt o; a}+sn] ut cfly{s jif{sf] eGbf ?= $# ca{ %# s/f]8n] a[l4 kZrft ;+o'Qm zfvf ;~hfn !** k'u]sf 5g\ . u/L cf= a= @)&^÷&& df s'n lgIf]k ?= ! va{ @( ca{ &( s/f]8 #= ljljw ;+sng u/]sf] 5 . ;fy} ;+:yfut Pj+ 7"nf lgIf]ksf] c+znfO{ -s_ cfGtl/s lgoGq0f / hf]lvd Joj:yfkg l;dfdf /fvL qmlds ?kn] ;fgf lgIf]kstf{x?nfO{ a9fPsf] 5 . a}FlsË If]qdf s]lx ;doaf6 a9\b} uPsf] ;+rfng hf]lvd / cgnfO{g ;'lawfx?af6 a}Fssf] ;du| hf]lvd Joj:yfkgdf yk laut kfFr jif{sf] lgIf]k ;+sng o; k|sf/ /x]sf] 5 . r'gf}ltx? b]lvPsf 5g\ . o; a}Fsn] ;+rfng hf]lvd Go"gLs/0fsf nflu k|To]s sf/f]af/ If]qsf] gLlt, lgod / sfo{ljlw -v_ shf{ k|jfx tof/ u/L k|efjsf/L ?kdf nfu' ub}{ cfpg] s|ddf IS Audit nfO{ lg/Gt/tf lbb}+ cfPsf] 5 . o;sf ;fy} ljleGg sf/f]af/sf] ut jif{sf] t'ngfdf o; cfly{s jif{df a}+sn] shf{ k|jfxdf %!=#$ ;+rfngdf ;+nUg sd{rf/Lx?sf] sf/f]af/sf] k|s[lt cg';f/ clwsf/ k|Tofof]hg ul/Psf] 5 . ;+rfng hf]lvd Go"gLs/0fsf k|ltztn] a[l4 ub}{ ?= ! va{ !% ca{ $& s/f]8 k'¥ofPsf] nflu Steering Committee u7g u/L x/]s lbgsf] sf/f]af/nfO{ lgu/fgL ul/Psf] 5 . o:tf hf]lvd Go"lgs/0fsf nflu 5 . d'n'sn] pRr k|fyldstfsf ;fy dxTj lbOPsf] s[lif If]qdf canDag ul/Psf pkfox?sf] ljifodf hf]lvd Joj:yfkg ;ldltdf 5nkmn u/L cfjZos gLltx? th'{df ug]{ ul/Psf] Jofa;flos s[lif v]tL, kz'kfng tyf dT:okfngdf nufgL 5 . a}Fssf ;Dk"0f{ sfdsf/afxLx? k|rlnt sfg'g adf]lhd eP u/]sf] 5 5}g To;sf] olsg ug]{ p2]Zon] a}Fsdf Pp6f a9fpg] gLlt cjnDag u/L ;f]xL adf]lhd nufgLsf] k"jf{wf/ tof/ :jtGq cfGtl/s n]vfkl/If0f ljefu u7g u/L To; ljefunfO{ u}/sfo{sf/L ;+rfnssf] ;+of]hsTjdf ul7t n]vfkl/If0f ul//x]sf] 5 . k|fyldstf k|fKt If]qdf g]kfn /fi6« a}+sn] tf]s] ;ldlt dftxt /flvPsf] 5 . a}+sn] cfGtl/s lgoGq0f k|0ffnL dha't ug{ tyf hf]lvd Joj:yfkg k|0ffnL k|efjsf/L adf]lhd cfgf] nufgL la:tf/ ub} cfPsf] 5 . o;} u/L a}+sn] agfpg Risk based Internal Audit sf] cjwf/0ffdf cfGtl/s n]vfk/LIf0f ljefuaf6 n]vfkl/If0f ug]{ ul/Psf] 5 . laleGg ;x'lnotk"0f{ shf{nfO{ klg k|yldstfsf ;fy nufgL ub}{ cfPsf] a}+lsË hf]lvdx? Joj:yfkgsf nflu a}+sn] ;w} clu|d ;ts{tf ckgfpFb} cfPsf] 5 . 5 . a}Fsn] ljut kfFr jif{x?df k|jfx u/]sf] shf{sf] lgDg adf]lhd -v_ ;+:yfut ;'zf;g ;ldIff ul/Psf] 5 . ;+:yfsf] nIo k|flKt tyf bL3{sfnLg ;kmntfsf] nflu ;+:yfut ;'zf;g sfod /xg' ckl/xfo{ ePsf]n] o;sf] kl/kfngfdf -u_ ;+rfng / v'b d'gfkmf a}+s ;b}j k|ltj4 /x]sf] 5 . ;+:yfut ;'zf;gsf] dfu{ bz{s eg]sf] g]kfn /fi6« a}+s tyf cGo lgofds lgsfo af6 o; cfly{s jif{sf] kl5Nnf] rf/ dlxgf sf]le8 !( sf] dxfdf/Lsf sf/0f nufgL of]Uo jftfj/0f gsf/fTds b]lvPsf] hf/L x'g] lgb]{zg tyf gLlt lgodx? ePsf]n] o:tf gLlt lgb]{zgx?nfO{ cIf/z kfngf ub}{ cl3 a9\g] gLlt o; a}+sn] 5 . b]zsf] cy{tGqdf o;sf] c;/ Go"gLs/0f ug{ g]kfn /fi6« a}+ssf] lgb]{zg cg';f/ r}q @)&^ leq Aofh e'QmfgL ug]{ lnPsf] 5 . a}+sdf ;+:yfut ;'zf;g sfod u/L ;Dk"0f{ ;/f]sf/jfnf kIfx?sf] lxtnfO{ ;jf]{kl/ agfpg a}+ssf] b}lgs sfo{ u|fxsx?nfO{ a}+sn] !) k|ltzt 5'6 k|bfg u/]sf], sf]le8 k|efljt pBf]u Joj;fox?nfO{ ;dLIff jif{sf] rf}yf] q}df;df ;~rfng k|0ffnL lgolGqt Pj+ r':tb'?:t 9Ën] ;~rflnt x'g] jftfa/0f >[hgf ul/Psf] 5 . h;sf lgldQ Joj:yfkg Jofhb/df @ k|ltztn] 5'6, Jofhdf Jofh / k]gfn Jofh sf] u0fgf gul/Psf]n] ubf{ a}+ssf] ;+rfng d'gfkmfdf s]lx tyf ;~rfns :t/sf cfGtl/s n]vfk/LIf0f, hf]lvd Joj:yfkg, dfgj ;+;fwg h:tf ljleGg ;ldltx? lgdf{0f u/L ;+s'rg b]lvPsf] 5 . ut jif{df a}Fsn] ?= # ca{ !$ s/f]8 ;~rfng d'gfkmf cfh{g u/]sf]df o; cf=j= df ;+rfng lgoldt cg'udg tyf cfjZos lgb]{zg ug]{ ul/Psf] 5 . d'gfkmf ?= # ca{ @^ s/f]8 cfh{g u/]sf] 5 . o;} u/L ut jif{ v'b d'gfkmf ?= @ cj{ !( s/f]8 /x]sf]df o; cf=j= -u_ dfgj ;+zfwg df v'b d'gfkmf ?= @ cj{ @% s/f]8 /x]sf] 5 h'g cl3Nnf] aif{sf] t'ngfdf @=#( k|ltztn] al9 xf] . o; a}+ssf] Æsd{rf/L Joj:yfkg tyf ;]jf ;'ljwfæ ;ldltn] ;do ;fk]If sd{rf/Lsf] ;]jf ;'ljwfsf] k'g/fjnf]sg u/L cfjZos a[l4 ug]{ tyf sd{rf/Lx?sf] kf/bzL{ 9+un] :t/ a[l4 ug{sf ;fy} bIf hgzlQmsf] egf{, 5gf}6, lgo'lQm, kb:yfkgf, ;?jf, j[lQ ljsf;, sfo{;Dkfbg d"Nof°g, k'/:sf/ tyf ;hfo nflu cfjZos gLlt tof/ kf/L k|efjsf/L 9Ën] sfof{Gjog ub}{ cfPsf] 5 . a}Fsn] cfgf] k|ultsf nflu /rgfTds e"ldsf v]Ng] sd{rf/Lsf] of]ubfgnfO{ pRr d'Nofª\sg ub}{ cfgf hgzlQmnfO{ yk bIftf k|bfg ug{ ;do ;fk]If cfjZos cfGtl/s, jfXo tyf cGt{/fli6«o tflnd k|bfg ub{} cfPsf] 5 . o;}qmddf a}+sn] o; cfly{s jif{df cfkm\gf sd{rf/Lx?nfO{ @!@ ljleGg tflnd, ;]ldgf/ tyf cGt/lqmofdf sfo{qmddf ;dfj]z u¥of] . ;fy} ;dLIff jif{df a}+sdf !,$^& hgf sd{rf/Lx? sfo{/t /x]sf]df ^)@ k'?if sd{rf/L 5g\ eg] *^% hgf dlxnf sd{rf/L /x]sf 5g\ .
10 13th Annual Report 2076/077 13th Annual Report 2076/077 11 -3_ ;+:yfut ;fdflhs pQ/bfloTj g]kfn /fi6« a}+ssf] lgb]{zg cg';f/ k|To]s cfly{s jif{sf] v'b d'gfkmfaf6 ! k|ltzt /sd ;+:yfut ;fdflhs pQ/bfloTjsf] k|of]hgsf] nflu 5'6\ofpg' kg]{ Joj:yf /x] adf]lhd sf]if v8f u/L cfufdL cfly{s jif{df kl/rfng ul/g] 5 . a}+sn] cfgf] ;+:yfut ;fdflhs pQ/bfloTj lgodfjnL cg'?k ljleGg sfo{s|dx? ul//x]sf] 5 . a}+sn] ;dLIff jif{df g]kfn ;/sf/n] :yfkgf u/]sf] …sf]/f]gf ;+qmd0f /f]syfd, lgoGq0f / pkrf/ sf]ifÚ, ljleGg :yfgLo s_ ljut jif{sf] sf/f]af/sf] l;+xfjnf]sg – s'g} klg z]o/ hkmt gePsf] . lgsfodf v8f ul/Psf] sf]ifx?df cfly{s ;xof]u k|bfg u/]sf] 5 . o; lj;d 38Ldf a}+sn] ;fdflhs pQ/bfloTj axg ;+rfns ;ldltsf] jflif{s k|ltj]bgdf pNn]v ul/Psf] . -`_ ljut cfly{s jif{df sDkgL / o;sf] ;xfos sDkgLsf] ub}{ ljleGg :yfgLo lgsfodf v8f ul/Psf] sf]if, ljleGg :jf:Yo ;+:yfsf] nflu :jf:Yo ;fdfu|L (PPE) tyf ;j{;fw/0fsf] nflu vfgf v'jfpg] h:tf sfo{qmdx? k|ToIf tyf ck|ToIf ?kdf of]ubfg u/]sf] 5 . h;dWo] g]kfn ;/sf/sf] sf]/f]gf v_ /fli6«o tyf cGt/f{li6«o kl/l:yltaf6 sDkgLsf] sf/f]af/nfO{ sf/f]af/sf] k|ult / ;f] cfly{s jif{sf] cGtdf /x]sf] l:yltsf] ;+qmd0f /f]syfd, lgoGq0f / pkrf/ sf]ifdf ?= !&,%)),)))=)) / g]kfn /fi6« a}+ssf] lgb]{zg cg';f/ cfiff9 d;fGt s'g} c;/ k/]sf] eP ;f] c;/ k'g/fjnf]sg ;Dd ;fdflhs pt/bfloTj sf]ifdf afFsL /x]sf] ? @@,&)!,$^)=!# ;d]t ul/ a}+sn] sf]/f]gf lgoGq0fsf] nflu s'n ?= a}+ssf] sf/f]af/nfO{ b]xfPsf a'Fbfx?n] c;/ kf/]sf] 5 a}+ssf] o; cf=j=sf] k|ult ljj/0f o;} k|ltj]bgdf aF'bfut $@,$@&,*!^=@* ;xof]u u/]sf] 5 . • a}+sË If]qdf ljBdfg a9\bf] k|lt:kwf{ ?kdf k|:t't ul/Psf] 5 / o; a}+ssf] ;xfos sDkgL xfn ljb]zL ljlgdo b/df x'g] hf]lvd gePsf] . -ª_ ;/sf/L /fh:jdf of]ubfg • • ax'd"No wft'sf] d"Nodf ptf/r9fa cf=j=@)&^÷&& df a}+sn] clu|d cfos/ afkt ?= ! ca{ ^ s/f]8 / ljleGg e'QmfgLdf s/ s§L u/] afkt ?= &* sf/f]8 -6_ sDkgL tyf To;sf] ;xfos sDkgLn] cfly{s jif{df ;DkGg u/L s'n ?= ! ca{ *$s/f]8 7"nf s/bftf sfof{nodf bflvnf u/]sf] 5 . -u_ k|ltj]bg tof/ ePsf] ldlt;Dd rfn" jif{sf] pknlAw / u/]sf] k|d'v sf/f]af/x? / ;f] cjlwdf sDkgLsf] sf/f]af/df eljiodf ug'{ kg]{ s'/fsf] ;DaGwdf ;~rfns ;ldltsf] wf/0ff cfPsf] s'g} dxTjk"0f{ kl/jt{g -r_ a}+ssf]] efjL of]hgf / /0fgLlt – ;+rfns ;ldltsf] aflif{s k|ltj]bgdf k|:t't ul/Psf] . – s'g} klg ;xfos sDkgL gePsf] . d'n'sdf sf]/f]gf efO/;sf] dxfdf/L Pj+ ns8fpgsf sf/0f clwsf+z pBf]u Joj;fox?sf] ;+rfngdf cj/f]w eO{ s]xL -7_ ljut cfly{s jif{df sDkgLsf] cfwf/e"t z]o/wgLx?n] Joj;fox?df cNksflng Pj+ bL3{sflng c;/ k/]sf] b]lvPsf] 5 . a+}sn] ljleGg If]qsf Joj;fox?df k/]sf c;/af/] -3_ sDkgLsf] cf}Bf]lus jf Jofj;flos ;DaGw sDkgLnfO{ pknAw u/fPsf] hfgsf/L lj:t[t cWoog kZrft C0fLx?nfO{ >L g]kfn /fi6« a+}ssf] lgb]{zgsf] ;d]t clwgdf /xL cfjZos a}+lsË ;'ljwf k|bfg a}+sn] cfkm\gf ;a} ;/f]sf/jfnfx¿;Fu ;f}xfb|k"0f{ / Jofj;flos –cfwf/e't z]o/wgLx?n] s'g} klg hfgsf/L pknJw u/L C0fLx?sf] ;d:of ;Daf]wg ug]{ sfo{ eO/x]sf] 5 . ;DaGw lj:tf/ u/]sf] 5 . o; ;DaGwnfO{ Jofj;flos tyf a}sn] pknAw lgIf]k tyf kF"hLnfO{ bL3{sflng of]hgf th'{df u/L artstf{ tyf ;Dk"0f{ ;/f]sf/jfnf kIfx?nfO{ kf/blz{tfsf cfwf/df ljsl;t ub}{ n}hfg' kmnbfoL x'g] / gu/fPsf] . lgodgsf/L lgsfosf] gLlt lgod leq /lx ;/f]sf/jfnfx?nfO{ pRrtd k|ltkmn k|bfg ug]{ /0fgLlt a}+sn] cjnDag ub}{ a}+ssf] k|ultsfnflu pko'Qm dfWod x'g] a}+ssf] ljZjf; 5 . -8_ ljut cfly{s jif{df sDkgLsf ;~rfns tyf kbflwsf/Lx?n] cfPsf]df a}+sn] cfufdL lbgx?df ;d]t ;f] s|dnfO{ lg/Gt/tf lbg]5 . a}+sn] cfgf] k"‘hL, u|fxs ;+Vof / zfvf ;+~hfn -ª_ ;+rfns ;ldltdf ePsf] x]/km]/ / ;f]sf] sf/0f, lnPsf] z]o/sf] :jfldTjsf] ljj/0f / sDkgLsf] z]o/ cem dha't agfpg] p2]Zon] cfgf] /0fgLlt cg'?k ;dLIff jif{df b'O{ ævÆ ju{sf ljQLo ;+:yfnfO{ k|flKt ul/;s]sf] 5 . o; cf=a=df ;+rfns ;ldltdf s'g} klg x]/km]/ gePsf] . sf/f]af/df lghx? ;+nUg /x]sf] eP ;f];DaGwdf lghx?af6 a}+sn] cfgf] nufgL lj:tf/ u/L d'n'ssf] k"j{fwf/ ljsf;sf nflu dxTjk"0f{ of]ubfg ub}{ cfPsf] 5 / o;nfO{ cfufdL sDkgLn] k|fKt u/]sf] hfgsf/L -r_ sf/f]af/nfO{ c;/ kfg]{ d'Vo s'/fx¿, aif{x?df klg lg/Gt/tf lbOg]5 . gljs/0fLo phf{nfO{ ljif]z k|fyldstf lbb}, b]zsf] k"jf{wf/ ljsf; Pj+ cGo ljsf; l;=g+= Gffd wf/0f u/]sf] kb z]o/ ;+Vof • ljZjJofkL ?kdf km}ln/x]sf] sf]/f]gfsf] dxfdf/Lsf] lgdf{0f sfo{nfO{ cj;/sf] ?kdf ;b'kof]u u/L nufgL lj:tf/ ub}{ hfg] gLlt a}+sn] cjnDag ug{]5 . lgIf]k / shf{ != /fh]Gb| bf; >]i7 ;~rfns÷cWoIf 2,47,843 sf/0fn] ljZj cy{tGqdf g} k/]sf] gsf/fTds k|efjaf6 nufgLdf k|lt:kwL{ Aofh b/ sfod u/L cfgf u|fxsju{nfO{ u'0f:t/Lo tyf cfw'lgs a}+lsË ;]jf k|bfg ub}{ hfg] /0fgLlt @= pbo df]xg >]i7 ;~rfns ;Dk"0f{ a}+lsË If]q g} cem k|efljt x''g ;Sg] k|If]k0f . 6,44,392 a}+sn] lnPsf]] 5 . pknAw nufgL of]Uo k"FhLnfO{ ;DefAotf ePsf cf}Bf]lus\, Aofj;flos Pj+ ;]jf If]qdf nufgL ug]{ #= g/]Gb| ah|frfo{ ;~rfns 9,51,723 gLltnfO{ lg/Gt/tf lbOg] 5 . shf{sf] u'0f:t/nfO{ sfod ug{ ;do ;dodf C0fLsf] Joj;fo, kl/of]hgf tyf lwtf]sf] • cGt//fli6«o hutdf k|lt:kwfTds ?kdf cfPsf] $= Ufh]Gb| lji6 ;~rfns 7,464 :ynut lg/LIf0f Pj+ cGo hf]lvd Go"gLs/0fsf pkfox? klxNofO{ pQm pkfox?sf] s8fO{sf;fy kl/kfngf u/fpg] ljleGg online a+}lsË pks/0fx? / To;n] lgDTofpg] sfo{nfO{ lg/Gt/tf lbOg]5 . hf]lvdx? %= k|f]= 8f= d+unf >]i7 :jtGq ;~rfns – g]kfn /fi6« a}Fsn] ljut jif{x?b]lv g} pTkfbglzn If]q, hnljB't kl/of]hgf Pj+ s[lif If]qdf nufgL a9fpgsf nflu • lgIf]k tyf shf{ nufgLsf] Jofhb/df x'g] kl/jt{g ^= k|r08 dfg >]i7 ;~rfns 1,345 ljz]if k|fyldstf lbb}+ cfPsf]df ;f] sof{nfO{ lg/Gt/tf{ k|bfg ub{} k|To]s s[lif If]qnfO{ ;'xfpFbf] yk ljljw shf{ of]hgfx? • ljlgdob/df x'g] kl/jt{g &= dgf]h kf}8]n ;~rfns 1,345 lj:tf/ ug]{ 5 . • k"FhL ahf/df cfpg ;Sg] ptf/r9fa *= ;'hg sfkm\n] P08 jfXo n]vf k/LIfs – s[lif, phf{, ko{6g Pjd\ ;fgf tyf demf}nf pBf]udf shf{ k|jfx lj:tf/ u/L ljQLo ;fwgsf] pTkfbgzLn pkof]unfO{ P;f]l;o6\; k|f]T;fxg u/L /fi6« ljsf;df 6]jf k'/\ofpg] nIo adf]lhd shf{ k|jfx ug]{ ul/Psf] 5 / o;nfO{ lg/Gt/tf lbOg]5 . ;fy}, -5_ n]vfk/LIf0f k|ltj]bgdf s'g} s}lkmot pNn]v ePsf] eP ;f] (= gf/fo0f bf; dfgGw/ k|d"v sfo{sf/L 2,94,440 ;]o/ ahf/ tyf l/on :6]6 If]qdf x'g] shf{ k|jfxnfO{ lg/Gt/ cg'udg ub}{ hf]lvd Go"gLs/0f ug{ ;d]t a}+s ;hu pk/ ;~rfns ;ldltsf] k|lts[of clws[t /x]sf] 5 . ;a} s}lkmotx?nfO{ oyflz3| ;'wf/ ul/;lsPsf cfj:yf !)= ;+lhj dfgGw/ dxfk|jGws 4,44,633 cGTodf, /x]sf] 5 . !!= c+d[t r/0f >]i7 dxfk|jGws – o; a}+ssf] k|ultdf k|ToIf jf ck|ToIf ?kn] ;xof]u k'¥ofpg' x'g] ;Dk"0f{ z]o/wgL dxfg'efjx?, u|fxsju{, g]kfn /fi6« a}+s, lwtf]kq !@= df]tLsfhL t'nfw/ gfoa dxfk|jGws 78,117 af]8{, g]kfn :6s PS;r]Gh, g]kfn ;/sf/sf ;DalGwt lgodg lgsfox? Pj+ cGo ;/f]sf/jfnfx?nfO{ xflb{s wGojfb 1fkg -h_ nfef+z afF8kmfF8 ug{ l;kmfl/; ul/Psf] /sd ug{ rfxG5fF} . a}+ssf] pGglt / k|ultdf lg/Gt/ nugzLntfsf ;fy of]ubfg k'¥ofpg] a}+s Joj:yfkg tyf sd{rf/Lx?nfO{ ljz]if cf=j= @)&^÷&& sf] ljt/0f of]Uo d'gfkmfaf6 c;f/ d;fGtdf -9_ ljut cfly{s jif{df sDkgL;Fu ;DalGwt ;Demf}tfx?df s'g} wGojfb lbg rfxG5f}F . ;fy} a}+ssf] x/]s ultlalwx?nfO{ ;sf/fTds 9+un] cfd hg;d'bfo ;dIf ;Dk|]if0f ul/lbg] ;+rf/ hut sfod /x]sf] o; a}+ssf] r'Qmf k"FhL ?= (,#!*,^@^,&)).– / ;~rfns tyf lghsf] glhssf] gft]bf/sf] JolQmut :jfy{sf] nufot cGo ;Dk"0f{ z'e]R5'sx? k|lt xflb{s cfef/ k|s6 ub{5f}+ . sGsfO{ lasf; a}+s lnld6]8 / s}nfz ljsf; a}+s lnld6]8 af/]df pknAw u/fOPsf] hfgsf/Lsf] Joxf]/f wGojfb . k|flKt kZrft sfod r'Qmf kF"hL ?= !#,(*%,@$(,%)$.– sf] – gePsf] . !% k|ltztn] ?= @,)(&,&*&,$@%– af]gz z]o/ lbg] k|:tfj ul/Psf] 5 . -0f_ sDkgLn] cfˆgf] z]o/ cfkm}n] vl/b u/]sf] eP To;/L cfˆgf] z]o/ vl/b ug'{sf] sf/0f, To:tf] z]o/sf] ;+Vof / clÍt d"No ldltM @)&&÷)(÷@( -em_ z]o/ hkmt ePsf] eP hkmt ePsf] z]o/ ;+Vof, To:tf] tyf To;/L z]o/vl/b u/]afkt sDkgLn] e'QmfgL u/]sf] /sd z]o/sf] cl°t d"No, To:tf] z]o/ hkmt x'g'eGbf cufj} – ;dLIff jif{df z]o/x¿sf] k"gM vl/b sfo{ gePsf] . ;f]afkt sDkgLn] k|fKt u/]sf] hDdf /sd / To:tf] z]o/ hkmt ePkl5 ;f] z]o/ laqmL u/L sDkgLn] k|fKt u/]sf] /sd -t_ cfGtl/s lgoGq0f k|0ffnL eP jf gePsf] / ePsf] eP ;f]sf] tyf hkmt ePsf] z]o/afkt /sd lkmtf{ u/]sf] eP ;f]sf] lj:t[t ljj/0f ljj/0f – a+}sn] cfGtl/s lgoGq0f k|0ffnL r':t / dha'b agfpg
12 13th Annual Report 2076/077 13th Annual Report 2076/077 13 b]xfPsf] Joj:yf ul/Psf] 5 M n]vfk/LIf0f ;ldltdf ;+rfns >L k|r08dfg >]i7 / • cfGtl/s n]vfkl/If0f ljefusf] :jtGq sfd sf/jfxL >L uh]Gb| lai6 ;b:o /xg' ePsf] tyf a+}ssf cfGtl/s • n]vfkl/If0f ;ldltsf] lgoldt cg'udg n]vfk/LIf0f ljefusf k|d'v >L ldng rGb| dxh{g ;lrj • hf]lvd Jooj:yfkg ;ldltsf] :jtGq sfd sf/jfxL /xg'ePsf] 5 . o; ;ldltsf ;lrjnfO{ afx]s ;b:ox?nfO{ • ;+rfng hf]lvd Go"lgs/0fsf] nflu ljleGg lgodfjnL a}7s eQf dfq k|bfg ul/Psf] 5 . ;dLIff jif{df ;ldltsf] s'g} d'2f bfo/ gu/]sf] ca:yf 5 . tyf ljlgodfjnLsf] cIf/; kfngf ul/Psf] a}7s ;ft -&_ k6s a;]sf] 5 . != ;+rfns ;ldltsf] k|ltj]bg v_ ;+ul7t ;+:yfsf] ;+:yfks jf ;~rfnsn] jf ;+:yfks – jflif{s k|ltj]bgsf] ;DalGwt zLif{s cGtu{t /flvPsf] . jf ;~rfnssf] lj?4df k|rlnt lgodsf] cj1f jf -y_ ljut cfly{s jif{sf] s'n Joj:yfkg vr{sf] ljj/0f ;ldltn] a}ssf] ljQLo l:ylt, cfGtl/s lgoGq0f / hf]lvd Joj:yfkg, sfg"g / lgodx? kfngf, n]vfk/LIf0f sfo{qmd @= n]vfkl/Ifssf] k|ltj]bg kmf}Hbf/L ck/fw u/]sf] ;DaGwdf s'g} d'2f bfo/ u/]sf] zLif{s /sd ?= cflbaf/] lgoldt ;dLIff ub}{ cfPsf] 5 . cfGtl/s ;fy} – jflif{s k|ltj]bgsf] ;DalGwt zLif{s cGtu{t /flvPsf] . jf ePsf] eP sd{rf/L vr{ !,)(#,&&^,()$ afXo n]vfk/LIf0f k|ltj]bgdf plNnlvt s}lkmotx¿dfly – ;dLIff cjlwdf a}+ssf] ;+:yfks jf ;~rfnsn] jf #= n]vfkl/If0f ePsf] ljQLo ljj/0f ;+:yfks jf ;~rfnssf] lj?4df k|rlnt lgodsf] ;+rfng vr{ %#@,%@),$#$ lj:t[t 5nkmn u/L ;ldltn] cfjZos ;'wf/sf sfdx¿ – jflif{s k|ltj]bgsf] ;DalGwt zLif{s cGtu{t /flvPsf] . cj1f jf kmf}Hbf/L ck/fw u/]sf] ;DaGwdf s'g} d'2f x|;sl§ vr{ !$),$$),&%) ;d]t ub}]{ cfPsf] 5 . To;sf] lgoldt ¿kdf ;~rfns bfo/ gePsf] . s'n !,&^^,&#*,)*( ;ldltnfO{ hfgsf/L u/fpg] ul/Psf] 5 . $= sfg'gL sf/jfxL ;DaGwL ljj/0f b]xfo cg';f/sf] d'2f bfo/ ePsf] eP, d'2f bfo/ ePsf] u_ s'g} ;+:yfks jf ;~rfns lj?4 cfly{s ck/fw u/]sf] -b_ n]vfk/LIf0f ;ldltsf ;b:ox?sf] gfdfjnL, lghx?n] k|fKt -w_ ;~rfns, k|aGw ;~rfns, sfo{sf/L k|d'v, sDkgLsf cfwf/ ldlt, ljifo, d'2f bfo/ ePsf] ;+:yfks jf ;~rfnssf] ;DaGwdf s'g} d'2f bfo/ ePsf] eP u/]sf] kfl/>lds, eQf tyf ;'ljwf, ;f] ;ldltn] u/]sf] sfd e"t z]o/wgL jf lghsf] glhssf gft]bf/ jf lgh ;+nUg gfd / ;DefJo sfg"gL ;DaGwL ljj/0f ;dfj]z ul/g'kg]{ M – xfn;Dd a}+ssf] ;+:yfks jf ;+rfnsn] jf ;+:yfks sf/afxLsf] ljj/0f / ;f] ;ldltn] s'g} ;'emfj lbPsf] eP /x]sf] kmd{, sDkgL jf ;+u7Lt ;+:yfn] sDkgLnfO{ s'g} /sd s_ q}dfl;s cjlwdf ;+ul7t ;+:yfn] jf ;+:yfsf] lj?4 jf ;+rfnssf] lj?4df k|rlnt lgodsf] cj1f jf ;f]sf] ljj/0f a'emfpg afFsL eP ;f] s'/f s'g} d'2f bfo/ ePsf] eP kmf}Hbf/L ck/fw u/]sf] ;DaGwdf s'g} d'2f bfo/ a}ssf] ;+rfns >L pbodf]xg >]i7sf] ;+of]hTjdf ul7t –gePsf] – o; q}dfl;s cjlwdf o; a}+sn] jf a}+ssf] lj?4df gePsf] . -g_ ;+rfns, k|aGw ;~rfns, sfo{sf/L k|d'v tyf kbflwsf/Lx?nfO{ e'QmfgL ul/Psf] kfl/>lds, eQf tyf ;'ljwfsf] /sd l;=g+= ljj/0f ;+rfns k|d'v sfo{sf/L clws[t cGo kbflwsf/Lx? %= ;+ul7t ;+:yfsf] z]o/ sf/f]jf/ tyf k|ultsf] ljZn]if0f s_ lwtf]kq ahf/df ePsf] ;+ul7t ;+:yfsf] z]o/sf] sf/f]jf/ ;DaGwdf Joj:yfkgsf] wf/0ff M ! a}7s eQf #,#&%,))) – – – z]o/sf] sf/f]jf/ v'Nnf ahf/4f/f k|ltkfbg u/]sf] d"No tyf dfGotf cg'?k x'g] u/]sf] x'gfn] a}+ssf] sf/f]jf/ @ tna – (,^(),))) &,%%$,&^) ;Gtf]ifhgs /x]sf] . # eQf – ^,$^),))) $,^*^,#^^ v_ ut jifsf] k|To]s q}dfl;s cjlwdf ;+ul7t ;+:yfsf] z]o/sf] clwstd, Go"gtd / clGtd d"Nosf ;fy} s'n sf/f]af/ z]o/ $ bz+} eQf – !,$)),))) ()^,!^) ;+Vof / sf/f]af/ lbg . % ;~ro sf]if – (^(,))) &%%,$&^ laj/0f klxnf] q}df; bf]>f] q}df; t]>f] q}df; rf}yf] q}df; ^ af]g; – k|rlnt af]gz P]g cg'?k k|rlnt af]gz P]g cg'?k clwst\d d"No -?=_ @(# @*^ #%@ @^^ & uf8L ;'ljwf 5}g 5 5 Go"gtd d"No -?=_ @%^ @## @$% @@! * df]jfOn 5 5 5 clGtd d"No -?=_ @^@ @^) @%@ @%% ( OGwg 5 5 5 sf/f]jf/ ;+Vof @,^*# $,#*^ !),(%^ !,(&@ *;+rfns ;ldltsf] ;b:ox?nfO{ 6]lnkmf]g÷ df]afO{n÷ kqklqsf tyf cGo vr{x? jfkt ?= !,^$^,#(^ vr{ ul/Psf] 5 . sf/f]jf/ lbg ^# %( $^ !$ sf/f]af/ z]o/ ;+Vof ^#$,!*^ !,$%%,!$) #,(!!,^&! %^(,^)# k|d'v sfo{sf/L clws[tnfO{ sfof{no k|of]hgsf] nflu rfns OGwg / dd{t;+ef/ ;lxt uf8L ;'ljwfsf] Joj:yf ul/Psf] ^= ;d:of tyf r'gf}tL 5 . cGo k|d'v kbflwsf/Lx?nfO{ a}+ssf] lgodfg';f/ uf8L ;'ljwf pknJw u/fOPsf] 5 . cfGtl/s ;d:of / r'gf}tL k|d'v sfo{sf/L clws[t nufot sfo{sf/L txsf clws[tx?nfO{ a}+ssf] lgodfg';f/ df]jfOn ljnsf] e'QmfgL a}+sn] ul/lbg] != a}+lsË If]qdf b]lvPsf] clws t/ntfsf] plrt Joj:yfkgsf nflu b]lvPsf r''gf}ltx? . Joj:yf ul/Psf] 5 . @= dxfdf/Lsf sf/0fn] k''jf{wf/df cfwfl/t kl/of]hgf nufPtsf cGo nufgLsf cj;/x?df sdL cfpg'' . #= dxfdf/Lsf sf/0fn] a}+ssf sd{rf/Lx?df a9\bf] :jf:Yo ;DalGw hf]lvd . afXo ;d:of / r'gf}tL -k_ z]o/wgLx?n] a'lemlng afFsL /x]sf] nfef+zsf] /sd, != ljZjJofkL ?kdf km}ln/x]sf] sf]/f]gfsf] dxfdf/Lsf] sf/0fn] ljZj cy{tGqsf] s''n u|fx:Yo pTkfbgdf x|f; cfpg''sf ;fy} – ?= !)),%&&,*$)÷– d''n''ssf] cy{tGqdf ;d]t k/]sf] gsf/fTds k|efjaf6 ;Dk''0f{ a}+lsË If]q g} k|efljt x''g uPsf] . -km_ bkmf !$! adf]lhd ;DklQ vl/b jf laqmL u/]sf] s'/fsf] ljj/0f, @= dxfdf/Lsf sf/0f a}b]lzs /f]huf/Ldf /x]sf sfdbf/x? k/]sf] c;/n]] bL3{sflng ?kdf d''n''sdf lelqg] ljk|]if0fdf sdL – gePsf] . x''g] b]lvPsf] . #= ljleGg Jofkf/ Joj;fox? ;fdfGo 9+un] ;''rf? x''g g;s]sf] sf/0fn] Aofh tyf C0f c;''nL cToGt r''gf}ltk""0f{ -a_ bkmf !&% adf]lhd ;Da4 sDkgLaLr ePsf] sf/f]af/sf] ljj/0f, /x]sf] . – gePsf] . $= b]zsf] /fhg}lts cl:y/tfsf sf/0f cfpg ;Sg] hf]lvdx? . -e_ o; P]g tyf k|rlnt sfg"gadf]lhd ;~rfns ;ldltsf] k|ltj]bgdf v'nfpg' kg]{ cGo s'g} s'/f, &= ;+:yfut ;'zf;g – gePsf] . ;DalGw ljj/0f ;+rfns ;ldltsf] jflif{s k|ltj]bgsf] a'bf g+= #-v_ df pNn]v ul/Psf] . -d_ cGo cfjZos s'/fx? – gePsf] .
14 13th Annual Report 2076/077 13th Annual Report 2076/077 15 16 13th Annual Report 2076/077 13th Annual Report 2076/077 17 18 13th Annual Report 2076/077 13th Annual Report 2076/077 19 20 13th Annual Report 2076/077 13th Annual Report 2076/077 21 Prime Commercial Bank Limited Statement of Financial Position As on 31 Ashadh 2077 As on 31 Ashadh 2077 Particulars Note Current Year Previous Year
Assets Particulars Note Current Year Previous Year Cash and Cash Equivalents 4.1 10,379,968,108 5,304,763,277 Interest Income 4.29 12,233,257,785 9,822,370,722 Due from Nepal Rastra Bank 4.2 8,716,147,441 7,807,981,176 Interest Expense 4.30 7,592,636,706 6,237,763,535 Placement with Bank and Financial Institutions 4.3 2,260,117,991 1,118,729,717 Net Interest Income 4,640,621,080 3,584,607,187 Derivative Financial Instruments 4.4 - - Fee and Commission Income 4.31 902,766,630 766,872,082 Other Trading Assets 4.5 - - Fee and Commission Expense 4.32 71,334,334 51,275,901 Loans and Advances to B/FIs 4.6 4,116,319,738 3,014,808,270 Net Fee and Commission Income 831,432,295 715,596,181 Loans and Advances to Customers 4.7 110,435,793,069 72,545,401,637 Net Interest, Fee and Commisson Income 5,472,053,375 4,300,203,368 Investment Securities 4.8 13,684,280,290 10,142,156,518 Net Trading Income 4.33 267,526,501 234,439,303 Current Tax Assets 4.9 136,770,124 112,532,211 Investment in Subsidiaries 4.10 - - Other Operating Income 4.34 61,914,593 70,411,231 Investment in Associates 4.11 60,023,000 51,023,000 Total Operating Income 5,801,494,468 4,605,053,902 Investment Property 4.12 496,489,981 242,559,537 Impairment Charge/ (Reversal) for Loans and Other Lossess 4.35 766,213,411 135,339,954 Property and Equipment 4.13 1,076,214,783 743,976,625 Net Operating Income 5,035,281,058 4,469,713,948 Goodwill and Intangible Assets 4.14 15,995,334 7,708,980 Operating Expense Deferred Tax Assets 4.15 11,946,088 74,332,927 Personnel Expenses 4.36 1,093,776,904 888,335,061 Other Assets 4.16 792,928,030 1,089,855,744 Other Operating Expenses 4.37 532,520,434 350,946,358 Total Assets 152,182,993,975 102,255,829,620 Depreciation & Amortisation 4.38 140,440,750 80,916,820 Particulars Note Current Year Previous Year Operating Profit 3,268,542,969 3,149,515,709 Non Operating Income 4.39 - - Liabilities Due to Bank and Financial Institutions 4.17 10,350,291,413 9,217,763,323 Non Operating Expense 4.40 - - Due to Nepal Rastra Bank 4.18 121,197,355 1,269,349,325 Profit Before Income Tax 3,268,542,969 3,149,515,709 Derivative Financial Instruments 4.19 - - Income Tax Expense 4.41 Deposits from Customers 4.20 119,441,613,623 77,040,074,374 Current Tax 993,515,491 990,815,470 Borrowing 4.21 - - Deferred Tax 23,549,178 (40,092,004) Current Tax Liabilities 4.9 - - Profit for the Year 2,251,478,300 2,198,792,243 Provisions 4.22 - - Profit Attributable to: Deferred Tax Liabilities 4.15 - - Equity-holders of the Bank 2,251,478,300 2,198,792,243 Other Liabilities 4.23 1,743,037,097 1,324,653,303 Non-Controlling Interest - - Debt Securities Issued 4.24 - - Profit for the Year 2,251,478,300 2,198,792,243 Subordinated Liabilities 4.25 - - Earnings per Share Total Liabilities 131,656,139,487 88,851,840,326 Basic Earnings per Share 16.10 23.60 Equity Diluted Earnings per Share 16.10 23.60 Share Capital 4.26 13,985,249,504 9,318,626,700 Share Premium 644,823 - Retained Earnings 1,888,969,218 1,575,645,633 Sujan Kumar Kafle, FCA Managing Partner Reserves 4.27 4,651,990,943 2,509,716,961 Sujan Kafle & Associates Chartered Accountants Total Equity Attributable to Equity Holders 20,526,854,488 13,403,989,295 Non Controlling Interest - - Total Equity 20,526,854,488 13,403,989,294 Total Liabilities and Equity 152,182,993,975 102,255,829,620 Contingent Liabilities and Commitments 4.28 65,437,349,876 57,279,709,142 Date: 20th December 2020 Net Assets Value per share 146.78 143.84 Place: Kathmandu
Sujan Kumar Kafle, FCA Managing Partner Sujan Kafle & Associates Chartered Accountants
Date: 20th December 2020 Place: Kathmandu 22 13th Annual Report 2076/077 13th Annual Report 2076/077 23
------Total 6,362,659
As on 31 Ashadh 2077 (8,876,224) 2,196,278,678 2,198,792,243 2,196,278,678 11,207,710,615 11,207,710,615 11,207,710,615 11,207,710,615 Amount in NPR 13,403,989,294
Particulars Current Year Previous Year Amount in NPR ------
Profit for the year 2,251,478,300 2,198,792,243 - - Other Reserve Other Other Comprehensive Income, Net of Income Tax 3,167,737 40,314,480 10,740,841 37,146,743 37,146,743 (7,573,104)
------a) Items that will not be reclassified to profit or loss - Gains/(losses) from investment in equity instruments measured at fair value 136,225,242 9,089,513 Earning Retained 6,362,659 7,573,104 (8,876,224) 239,757,966 Gains/(losses) on revaluation - - (31,460,003) (41,169,246) (606,136,737) 1,575,645,633 1,335,887,665 2,198,792,243 2,196,278,678 1,335,887,665 (1,285,327,830)
------Actuarial gains/(losses) on defined benefit plans 35,047,710 (12,680,320) -
Reserve Income tax relating to above items (51,381,886) 1,077,242 Adjustment Investment 1,500,000 16,500,000 Net other comprehensive income that will not be reclassified to profit 16,500,000
(15,000,000)
119,891,066 (2,513,565) (15,000,000) or loss Reserve ------
- - -
-- b) Items that are or may be reclassified to profit or loss Revaluation ------
Gains/(losses) on cash flow hedge - - - Exchange gains/(losses)(arising from translating financial assets of foreign Reserve Value Fair - - 6,362,659 operation) 6,362,659 (21,612,669) (27,975,328) Income tax relating to above items - - (27,975,328)
------
Reclassify to profit or loss -- Reserve Regulatory Regulatory Net other comprehensive income that are or may be reclassified to 31,460,003 41,169,246 456,653,653 236,070,012 220,583,641 163,440,763 - - 220,583,641 profit or loss
------
c) Share of other comprehensive income of associate accounted as per Reserve
Fluctuation equity method Exchange 834,025 834,025 2,709,748 1,875,723 1,875,723 Other Comprehensive Income for the year, Net of Income Tax 119,891,066 (2,513,565) ------
Total Comprehensive Income for the Year 2,371,369,367 2,196,278,678 - Capital Reserve Capital Total Comprehensive Income attributable to: Equity-Holders of the Bank 2,371,369,367 2,196,278,678 ------
Non-Controlling Interest - - General Reserve General 439,758,449 Total Comprehensive Income for the Period 2,371,369,367 2,196,278,678 439,758,449 2,030,151,750 1,590,393,302 1,590,393,302
As on 31 Ashadh 2077 As on 31
------Share Premium Share ------
Sujan Kumar Kafle, FCA --
Managing Partner Sujan Kafle & Associates Capital Share Chartered Accountants 9,318,626,700 1,285,327,830 8,033,298,870 8,033,298,870 1,285,327,830
Date: 20th December 2020
Place: Kathmandu Particulars Cash Dividend Paid Other Bonus Shares Issued Gains/(losses) from investment in equity instruments measured at fair value Gains/(losses) on revaluation Actuarial gains/(losses) on defined benefit plans Exchange gains/(losses)(arising from translating financial assets of foreign operation) Gains/(losses) on cash flow hedge Share Based Payments Dividend to Equity-Holders Balance at Asar 31, 2076 Balance at Total Contributions by and Distributions Total Balance at Shrawan 01, 2075 Adjustment/Restatement Adjustment/Restated Balance as at Shrawan 01, 2075 Comprehensive Income for the year Profit for the year Other Comprehensive Income, Net of Tax Comprehensive Income for the year Total to Reserves during the year Transfer from Reserves during the year Transfer Actuary Loss+FVR) from Reserves during the year (Negative Transfer reserve Created) from Reserves during the year (DTA Transfer with Owners, directly recognized in Equity Transactions Share Issued
24 13th Annual Report 2076/077 13th Annual Report 2076/077 25
------Total 95,357,669 24,533,397
4,751,495,828 As on 31 Ashadh 2077 7,122,865,197 2,371,369,367 2,251,478,300 20,526,854,488 13,403,989,292 13,403,989,292 Amount in NPR Particulars Current Year Previous Year ------
Managing Partner CASH FLOWS FROM OPERATING ACTIVITIES Other Reserve Other Chartered Accountants Sujan Kumar Kafle, FCA Sujan Kafle & Associates Sujan Kafle & Interest Received 10,987,829,334 9,350,919,944 5,705,378 29,697,324 47,048,180 40,314,480 40,314,480 63,370,714) (10,617,157) Fee and Other Income Received 1,038,502,575 834,471,972 ------
Dividend Received - - Retained Earning Retained Receipts from Other Operating Activities 298,929,201 286,999,603 95,357,669 24,533,397 143,603,382 313,323,585 204,002,024 (855,754,915) 1,888,969,218 2,371,369,367 2,251,478,300 1,575,645,633 1,575,645,633
(1,549,896,272) Interest Paid (7,634,285,899) (6,214,422,944) ------
- - Commissions and Fees Paid (71,334,334) (51,275,901) Reserve Investment Adjustment Adjustment Investment
631,943 Cash Payment to Employees (951,540,236) (730,965,722)
(631,943) 2,000,000 3,500,000 2,000,000 1,500,000 1,500,000 Reserve Other Expenses Paid (529,780,162) (349,583,349) ------
Revaluation Revaluation Operating Cash Flows before Changes in Operating Assets and Liabilities 3,138,320,478 3,126,143,602 ------(Increase) Decrease in Operating Assets
Fair Value Reserve Value Fair Due from Nepal Rastra Bank (908,166,265) 1,007,854,834 81,329,663 59,716,994 95,357,669 95,357,669 (14,028,006) (21,612,669) (21,612,669) Placement with Banks and Financial Institutions (1,142,848,657) 828,087,350 ------
- - Other Trading Assets - - Reserve
Regulatory Regulatory Loans and Advances to BFIs (1,101,511,468) (188,778,217) 298,514,928 418,689,926 875,343,578 260,174,364 456,653,653 456,653,653
(139,999,367) Loans and Advances to Customers (37,896,150,705) (5,420,936,226) - - - - -
------
Reserve Other Assets 284,383,490 (543,393,599)
Fluctuation Fluctuation Exchange Exchange 595,932 879,041 Increase (Decrease) in Operating Liabilities 1,474,973 4,184,721 2,709,748 2,709,748
Due to Banks and Financials Institutions 1,132,528,089 549,275,119
------Capital Reserve Capital Due to Nepal Rastra Bank (1,148,151,970) (540,816) Deposit from Customers 42,401,539,248 4,404,086,391 322,211,268 322,211,268 322,211,268 322,211,268 322,211,268 Borrowings ------
Other Liabilities 148,688,620 (190,291,332) General Reserve General Net Cash Flow from Operating Activities before Tax Paid 4,908,630,861 3,571,507,106 876,889,649 450,295,660 1,327,185,309 3,357,337,059 2,030,151,750 2,030,151,750 Income Tax Paid (1,017,753,403) (949,730,581) ------
- - Net Cash Flow from Operating Activities 3,890,877,458 2,621,776,525 Share Premium Share 644,823 644,823 644,823 CASH FLOWS FROM INVESTING ACTIVITIES ------Purchase of Investment Securities (3,600,991,252) (11,401,844,967)
Receipts from Sale of Investment Securities 196,437,363 9,679,129,447 Share Capital Share Purchase of Property and Equipment (451,528,306) (214,267,702) 3,116,726,532 4,666,622,804 1,549,896,272 9,318,626,700 9,318,626,700 13,985,249,504 Receipts from Sale of Property and Equipment 6,458,789 580,629 Purchase of Intangible Assets (31,882,990) (7,110,640) Receipts from Sale of Intangible Assets - 192,745 Purchase of Investment Properties (271,662,594) (227,031,232) Receipts from Sale of Investment Properties 15,760,000 - Interest Received 486,434,697 336,626,292 Dividend Received 14,610,483 10,834,359
Net Cash Used in Investing Activities (3,636,363,810) (1,822,891,068) Particulars December 2020 th Actuarial gains/(losses) on defined benefit plans Exchange gains/(losses)(arising from translating financial assets of foreign operation) Gains/(losses) from investment in equity instruments measured at fair value Gains/(losses) on revaluation Gains/(losses) on cash flow hedge Cash Dividend Paid Dividend to Equity-Holders Bonus Shares Issued Share Based Payments Share Issued Total Contributions by and Distributions Total Balance at Asar 31, 2077 Balance at Transfer from acquired entities Transfer Transfer from Reserves during the year Transfer with Owners, directly recognized in Equity Transactions Transfer to Reserves during the year Transfer Adjustment/Restatement Comprehensive Income for the year Total Comprehensive Income for the year Total Other Comprehensive Income, Net of Tax Adjustment/Restated Balance as at Shrawan 01, 2076 Balance at Shrawan 01, 2076 Profit for the year Place: Kathmandu Date: 20
26 13th Annual Report 2076/077 13th Annual Report 2076/077 27 CASH FLOWS FROM FINANCING ACTIVITIES 1. PRIME COMMERCIAL BANK LIMITED in Nuwakot district. The authorized capital of Mero Microfinance Lagubitta Bittiya Sanstha is NRs. 1 Receipts from Issue of Debt Securities - 1.1 General Information billion, issued capital and paid up capital is 855.14 million. Repayments of Debt Securities Prime Commercial Bank Limited is an “A” class Receipts from Issue of Subordinated Liabilities - commercial bank licensed by Nepal Rastra Bank. Mahila Sahayatra Microfinance Bittiya Sanstha Repayments of Subordinated Liabilities It was registered as Public Limited Company on 1st Limited is the creation of 100 professional women who Shrawan 2064 under the Company Act, 2063. The believe in inclusive, socio-economic development of Receipt from Issue of Shares - registered (corporate) office of the bank is located at Nepal. Sahayatra extends itself into areas that are not Dividends Paid 65,679,192 (193,852) Kamalpokhari, Kathmandu, Nepal. The bank started served or underserved by other financial institutions Interest Paid - its commercial operation from 7th Ashwin 2064 to fight gender inequality, unemployment driven out- corresponding to 24th September 2007. migration, and poverty. Licensed by Nepal Rasta Other Receipts/Payments Trf from Acquired Entities 4,751,495,828 - Bank, it is an independent microfinance “D/(Gha)” On April 30, 2017 (Baisakh 17, 2074), the bank Net Cash from Financing Activities 4,817,175,020 (193,852) category bank under the provisions of the Banks and has acquired two “B” class Development Banks Financial Institution Act 2063. Net Increase (Decrease) in Cash and Cash Equivalents 5,071,688,667 798,691,607 Birat Laxmi Bikash Bank Limited and Country Cash and Cash Equivalents at Shrawan 01, 2076 5,304,763,277 4,502,735,569 Development Bank Limited. Further, the bank has Swabhimaan Laghubitta Bittiya Sanstha Limited also acquired “B” class financial institution, Kankai (SLBSL) registered as a public limited company in Effect of Exchange Rate fluctuations on Cash and Cash Equivalents Held 3,516,164 3,336,101 Bikas Bank Limited on 15th September 2019 (Bhadra August 17, 2016 and received the operation license in Cash and Cash Equivalents at Ashadh 31, 2077 10,379,968,108 5,304,763,277 29, 2076) and Kailash Bikas Bank Limited on 12th May 09, 2017 from Nepal Rastra Bank to function as a March 2020 (Falgun 29, 2076) “D” Class financial Institution. It has been working with the license in 10 districts ie. Rupandehi, Kapilvastu, The Bank is listed with Nepal Stock Exchange Ltd. Palpa, Salyan, Rolpa, Pyuthan, Nawalparasi, Gulmi, Sujan Kumar Kafle, FCA with the code of PCBL for public shares and PCBLP Syangja and Arghakanchi. Managing Partner for promoter shares. Currently, the bank is spread Sujan Kafle & Associates across the country with 186 branches and 103 ATMs. Chartered Accountants 2. BASIS OF PREPARATION 1.2 Financial Statements 2.1 Statement of Compliance The Financial Statements of the Bank for the year The financial statements have been prepared in ended 31st Ashadh 2077 corresponding to 15 July accordance with Nepal Rastra Bank Directives, Nepal 2020 comprises Statement of Financial Position, Financial Reporting Standards 2013 and it’s carve- Statement of Profit or Loss, Statement of Other outs issued by the Institute of Chartered Accountants Date: 20th December 2020 Comprehensive Income, Statement of Changes of Nepal (ICAN) (except in NFRS 3 Business Place: Kathmandu in Equity, Statement of Cash Flows, Statement of Combination), provisions of Banks and Financial Distributable Profit or Loss, Notes to the Financial Institutions Act (BAFIA), 2073 and in conformity with Statements, Significant Accounting Policies and the Company Act, 2063. other disclosures required by regulatory bodies. The carve-outs issued by the Institute of Chartered Since the bank does not have any subsidiary, the Accountants of Nepal on September 20, 2018 Consolidated Financial Statement of the bank for the on NFRS requirement, which allowed alternative year ended Ashadh end 2077, does not comprises treatments and the bank adopted following carve any subsidiaries. outs:
1.3 Principal Activities and Operations S.No. NFRS/NAS Particulars Accounting for Investment Bank NAS 28: in Associates as per Equity 1 The Banks business comprises accepting deposits, Para 35 Method using uniform granting credit facilities, retail banking, corporate Accounting Policies banking, consumer banking, dealing in Government Incurred Loss Model to measure NAS 39: Securities, credit card operations, agency services, 2 the Impairment Loss on Loan Para 58 trade finance services, investment and treasury and Advances operations, card services, e-banking products, Impracticability to determine remittances, foreign currency operations and NAS 39: transaction cost of all previous 3 other financial services to its customers through Para 9 years which is the part of its branches and extension counters and ATMs effective interest rate networks. Impracticability to determine NAS 39: 4 interest income on amortized Subsidiary Para AG93 cost The Bank has no any Subsidiary. Disclosure of carve-outs is provided in Para Associates 2.4.3, 3.4.2, and 3.4.6 for Financial Instruments: Mero Micro Finance Lagubitta Bittiya Santha Limited, Recognition and measurement (NAS39). Mahila Sahayatra Micro Finance Bittiya Sanstha Limtied and Swabhimaan Laghubitta Bittiya Sanstha 2.2 Reporting period and approval of Financial Limited are the Associates of the Bank. Statements Mero Micro Finance is joint initiative of 10 institutions 2.2.1 Reporting Period with 8 commercial banks and 2 development banks. The accounting policies set out below have been It has been incorporated and registered as a 'D' applied consistently to all periods presented in these class national level financial institution and started financial statements. The Bank follows the Nepalese formal microfinance operation from June 18 July, financial year based on the Nepalese calendar. The 2013 through its first branch office Battar located corresponding dates for the English calendar are as
28 13th Annual Report 2076/077 13th Annual Report 2076/077 29 follows: liabilities recorded in the statement of financial taxable profit will be available against which the losses 2.5 Changes in accounting policies position can be derived from active markets, they can be utilized. Judgment is required to determine the Relevant Date in B.S. Date in A.D. are derived from observable market data. However, if amount of deferred tax assets that can be recognized, Accounting policies are the specific principles, bases, Financial this is not available, judgment is required to establish based upon the likely timing and level of future taxable conventions, rules and practices applied by the bank Statement fair values. The valuation of financial instruments is profits, together with future tax planning strategies. in preparing and presenting financial statements. Statement of financial position date described in more details in Note 5.1.6 under “Fair The bank is permitted to change an accounting 2.4.6 Defined Benefit Plans policy only if the change is required by a standard or st Value of financial assets and liabilities”. Current Year 31 Ashadh 2077 15th July 2020 interpretation; or results in the financial statements The cost of the defined benefit obligations and the 2.4.3 Impairment of Financial Assets – Loans providing reliable and more relevant information Previous Year 31st Ashadh 2076 16th July 2019 present value of their obligations are determined and Receivables about the effects of transactions, other events or Statement of Profit and Loss Account using actuarial valuations. The actuarial valuation The Bank reviews its individually significant loans conditions on the entity's financial position, financial involves making assumptions about discount rates, Current Year 1st Shrawan 2076 - 17th July 2019 - and advances at each reporting period to assess performance, or cash flows. The bank uses the same st th future salary increments, mortality rates and possible 31 Ashadh 2077 15 July 2020 whether an impairment loss shall be recorded in accounting policies throughout all periods presented the income statement. In particular, judgment of future increments if any. Due to the long-term nature of Previous Year 1st Shrawan 2075 - 17th July 2018 - in its financial statements. Those accounting policies the management is required in the estimation of these plans, such estimates are subject to uncertainty. 31st Ashadh 2076 16th July 2019 comply with each NFRS effective at the end of the amount and timing of future cash flows when All assumptions are reviewed at each reporting date. *NFRS = Nepal Financial Reporting Standards reporting period. determining the impairment. In determining the appropriate discount rate, 2.2.2 Approval of Financial Statements These estimates are based on assumptions about management considers the interest rates of Nepal 2.6 New Standards and interpretation not government Citizen Saving bonds with maturities The accompanied Financial Statements have been a number of factors and actual results may differ, adopted corresponding to the expected duration of the defined authorized by the Board of Directors meeting vide resulting in future changes to the impairment benefit obligation. The mortality rate is based on For the reporting of Financial Instruments, NAS 32 its resolution dated 20th December 2020 (5th Poush allowance. Nepali Assured Mortality Table, 2009. Future salary Financial Instrument Presentation, NAS 39 Financial 2077) and recommended for its approval by the Loans and advances that have been assessed escalation rates are based on expected future salary Instrument Recognition and Measurements and Annual General Meeting of the shareholders. individually and all individually insignificant loans and increment rates of the Bank based on past data. NFRS 7 Financial Instruments-Disclosures have been advances are then assessed collectively, in groups of applied. assets with similar risk characteristics, to determine 2.4.7 Fair Value of Property and Equipment 2.3 Functional and Presentation Currency All Standards and pronouncement issued by whether provision should be made due to incurred The freehold land and buildings of the bank are not The Financial Statements are presented in Nepalese Accounting Standard Board Nepal as on reporting loss events for which there is objective evidence, but reflected at fair value and no revaluation has been Rupees (Rs), which is the Banks both functional period has been adopted. However, IFRS 9: the effects of which are not yet evident. The collective carried at the reporting date. After recognition as an currency and presentation currency. Financial Impairment, IFRS 15: Revenue from Contract assessment takes in to account data from the loan asset, an item of property and equipment are carried information presented in Nepalese Rupees unless with Customers, IFRS 16: Lease are effective portfolio such as levels of arrears, credit quality, at its cost less any accumulated depreciation and any indicated otherwise. internationally, and these standards will be adopted portfolio size etc. and judgments based on current accumulated impairment losses. economic conditions. when they are pronouncement of Accounting 2.4 Use of estimates, assumptions and 2.4.8 Useful Life-time of the Property, Plant Standard Board, Nepal. The bank has opted to apply carve-out on impairment judgments of loans and advances. Accordingly, the bank has and Equipment 2.7 Discounting The preparation of the financial statements is in line applied paragraph 63 to determine the amount of The Bank is following the cost model for recognition with NFRS and its carve out issued by Institute of any impairment loss. It has separately calculated of Property, Plant and Equipment. The Bank reviews When the realization of assets and settlement Chartered Accountants of Nepal which includes individual and collective impairment loss amount and the residual values, useful lives and methods of of obligation is for more than one year, the Bank management to make judgments, estimates and compared with the impairment provision required depreciation of property, plant and equipment at each considers the discounting of such assets and liabilities assumptions that affect the reported amount of under NRB directive no.2, higher of the amount reporting date. where the impact is material. Various internal and revenues, expenses, assets and liabilities, and the derived from these measures is taken as impairment external factors have been considered for determining accompanying disclosures, as well as the disclosure loss for loans and advances. 2.4.9 Commitments and Contingencies the discount rate to be applied to the cash flows of company. of contingent liabilities. Uncertainty about these 2.4.4 Impairment of Available for Sale All discernible risks are accounted for in determining assumptions and estimates could result in outcomes the amount of all known liabilities. Contingent that require a material adjustment to the carrying Investments liabilities are possible obligations whose existence 2.8 Presentation of Financial Statement amount of assets or liabilities affected in future Bank reviews its securities classified as available for will be confirmed only by uncertain future events or periods. sale, at each reporting date to assess whether they present obligations where the transfer of economic The assets and liabilities of Bank presented in the are impaired. Objective evidence exists in available- Statement of Financial Position are grouped in an Estimates and underlying assumptions are reviewed benefit is not probable or cannot be reliably for-sale securities if it identifies significant financial measured. Contingent liabilities are not recognized in order of liquidity. An analysis on recovery or settlement on an ongoing basis. Revisions to accounting difficulty of the issuer, a breach of contract such within 12 months after the reporting date (current) and estimates are recognized in the period in which the the Statement of Financial Position but are disclosed as a default or delinquency in interest or principal unless they are remote. more than 12 months after the reporting date (non- estimate is revised and in any future periods affected. payments etc. Bank also records impairment charges current) is presented in the Notes. The most significant areas of estimation, uncertainty on available for sale equity investments where there 2.4.10 Classification of Investment Properties and critical judgments in applying accounting policies is significant or prolonged decline in fair value below Management requires using its judgment to determine 2.9 Materiality and Aggregation that have most significant effect in the Financial their cost. The determination of what is ‘significant’ or whether a property qualifies as an investment Statements are as follows: ‘prolonged’ requires judgment. Bank generally treats In compliance with NAS 1, the bank has each material ‘significant’ as 20% and ‘prolonged’ as greater than property. The Bank has developed criteria so it can class of similar items are presented separately in the 2.4.1 Going Concern twelve months. In addition, Bank evaluates, among exercise its judgment consistently. A property that Financial Statement. Similarly, items of dissimilar other factors, historical share price movements, is held to earn rentals or for capital appreciation nature or functions are presented separately unless The Board of Directors has made an assessment duration and extent up to which the fair value of an or both and which generates cash flows largely they are immaterial. Financial Assets and Financial of the Bank’s ability to continue as a going concern investment is less than its cost. independently of the other assets held by the Bank is Liabilities are offset and the net amount reported in and is satisfied that it has the resources to continue accounted for as investment properties. On the other the Statement of Financial Position only when there in business for the foreseeable future. Furthermore, hand, a property that is used for operations or in the 2.4.5 Taxation is a legally enforceable right to offset the recognized the Board of Directors is not aware of any material process of providing services or for administrative The Banks subject to income tax and judgment is amounts and there is an intention to settle on a net uncertainties that may cast significant doubt upon purposes and which do not directly generate cash required to determine the total provision for current, basis, or to realize the assets and settle the liability Bank’s ability to continue as a going concern and flows as a standalone assets are accounted for as deferred and other taxes due to the uncertainties simultaneously. Income and expenses are not offset they do not intend either to liquidate or to cease property, plant and equipment. The Bank assesses that exist with respect to the interpretation of the in the Statement of Profit or Loss unless required or operations of it. Therefore, the Financial Statements on an annual basis the accounting classification of its applicable tax laws, at the time of preparation of permitted by an Accounting Standard. continue to be prepared on the going concern basis. properties taking into consideration the current use these Financial Statements. of such properties. Currently, land or land &building 2.4.2 Fair Value of Financial Instruments Deferred tax assets are recognized in respect of tax hold by bank as Non Banking Assets is categorized Where the fair values of financial assets and financial losses to the extent that it is probable that future as investment property. 30 13th Annual Report 2076/077 13th Annual Report 2076/077 31 2.10 Comparative Information the ability to affect those returns through its power regulation or convention in the market place. inactive markets and management’s intention to sell over the investee. At each reporting date, the Bank them in the foreseeable future significantly changes, b) Recognition and Initial Measurement of The Financial Statement of the Bank provides reassesses whether it controls an investee if facts the Bank may elect to reclassify these financial assets. Financial Instruments comparative information in respect of previous and circumstances indicate that there are changes Financial assets held for trading include instruments periods. The accounting policies have been to one or more elements of control mentioned above. The classification of financial instruments at the such as government securities and equity instruments consistently applied by the Bank with those of the Currently, the Bank does not have any subsidiaries. initial recognition depends on their purpose and that have been acquired principally for the purpose of previous financial year in accordance with NAS 1 characteristics and the management’s intention in selling or repurchasing in the near term. Currently, 3.2.4 Loss of Control Presentation of Financial Statements, except those acquiring them. All financial instruments are measured bank has not categorized its financial assets in this which had to be changed as a result of application of When the Bank loses control over a Subsidiary, it initially at their fair value plus transaction costs that category. the new NFRS. Furthermore, comparative information derecognizes the assets and liabilities of the former are directly attributable to acquisition or issue of ii) Financial Assets Designated at Fair Value is reclassified and restated wherever necessary to subsidiary from the consolidated statement of financial such financial instruments except in the case of such through Profit or Loss comply with the current presentation. position. The Bank recognizes any investment financial assets and liabilities at fair value through 3. SIGNIFICANT ACCOUNTING POLICIES retained in the former subsidiary at its profit or loss, as per the Nepal Accounting Standard Bank designates financial assets at fair value through - NAS 39 (Financial Instruments: Recognition and profit or loss in the following circumstances: fair value when control is lost and subsequently The The accounting policies set out below have been Measurement). Transaction costs in relation to accounts for it and for any amounts owed by or to the . Such designation eliminates or significantly applied consistently to all periods presented in these financial assets and financial liabilities at fair value former subsidiary in accordance with relevant NFRSs. reduces measurement or recognition Financial Statements, unless otherwise indicated. through profit or loss are dealt with the Statement of That fair value shall be regarded as the fair value on inconsistency that would otherwise arise Profit or Loss. initial recognition of a financial asset in accordance from measuring the assets. 3.1 Basis of Measurement with relevant NFRS or, when appropriate, the cost on 3.4.2 Classification and Subsequent Measurement . The assets are part of a group of Financial initial recognition of an investment in an associate or of Financial Instruments The Financial Statements of the Bank have been assets, financial liabilities or both, which are joint venture. The Bank recognizes the gain or loss prepared on the historical cost basis, except for the Classification and Subsequent Measurement of managed and their performance evaluated associated with the loss of control attributable to the following material items in the Statement of Financial Financial Assets on a fair value basis, in accordance with a former controlling interest. Position: documented risk management or investment At the inception, a financial asset is classified into one 3.2.5 Special Purpose Entity (SPE) strategy. a) Available for sale investments (quoted) are of the following: measured at fair value. An entity may be created to accomplish a narrow and . The assets contain one or more embedded a) Financial assets measured at fair value through well-defined objective (eg. to effect a lease, research derivatives that significantly modify the b) Liabilities for defined benefit obligations are profit or loss recognized at the present value of the defined and development activities or a securitization of cash flows that would otherwise have been benefit obligation less the fair value of the plan financial assets). Such a special purpose entity i. Financial Assets held for trading required under the contract. assets. (‘SPE’) may take the form of a corporation, trust, partnership or unincorporated entity. ii. Financial Assets designated at fair value through profit or loss c) Financial assets and financial liabilities held at Financial assets designated at fair value through Currently, the Bank does not have any special amortized cost are measured using a rate that is profit or loss is recorded in the Statement of Financial purpose entity. b) Financial Asset measured at amortized cost a close approximation of effective interest rate. Position at fair value. Changes in fair value are i. Financial Assets -Held to Maturity However, the bank has opted to apply carve-out and 3.2.6 Transaction elimination on consolidation recorded in ‘Net gain or loss on financial instruments designated at fair value through profit or losses’ in the measure the financial assets and liabilities at carrying In consolidating a subsidiary, the group eliminates ii. Financial Assets - Loans and Receivables Statement of Profit or Loss. Interest earned is accrued amount i.e. amount disbursed to borrower and amount full intra-group assets and liabilities, equity, income, c) Financial assets measured at fair value through under ‘Interest income’, using the effective interest received from the lender by the bank. expenses and cash flows relating to transactions OCI rate method, while dividend income is recorded under between the subsidiary and the bank (profits or ‘Other operating income’ when the right to receive the losses resulting from intra-group transactions that The subsequent measurement of financial assets 3.2 Basis of consolidation payment has been established. are recognized in assets, such as inventory and fixed depends on their classification. 3.2.1 Business Combinations and Goodwill assets, are eliminated in full). (a) Financial Assets measured at Fair Value The Bank has not designated any financial assets upon initial recognition as designated at fair value Business combinations are accounted for using the Currently, the Bank does not have any subsidiary, through Profit or Loss pooling of interest method as per the requirements of through profit or loss. thus consolidation is not applicable. A financial asset is classified as fair value through Nepal Rastra Bank Merger and Acquisition Bylaws, profit or loss if it is held for trading or is designated at (b) Financial Assets measured at amortized Cost 2073. All recognizable assets and liabilities of the 3.3 Cash and cash equivalents fair value through profit or loss. acquired entities have been transferred in the books After initial measurement, loans and receivables are Cash and cash equivalents include cash at vault and of accounts of Prime Commercial Bank Limited as on i) Financial Assets Held for Trading subsequently measured at amortized cost using the date of acquisition. cash in transit, balances with other bank and financial effective interest rate, less allowance for impairment. institutions, money at call and short notice and highly Financial assets are classified as held for trading if The amortization is included in ‘Interest Income’ in the 3.2.2 Non-Controlling Interest (NCI) liquid financial assets with original maturities of three they are acquired principally for the purpose of selling Statement of Profit or Loss. The losses arising from months or less from the acquisition date that are or repurchasing in the near term or holds as a part of The group presents non-controlling interests in its impairment are recognized in the Statement of Profit subject to an insignificant risk of changes in their fair a portfolio that is managed together for short-term consolidated statement of financial position within or Loss. value. Fair value of cash and cash equivalent amount profit or position taking. This category also includes equity, separately from the equity of the owners of is the carrying amount. derivative financial instruments entered into by Bank i. Held to Maturity Financial Assets the parent. The group attributes the profit or loss and that are not designated as hedging instruments in each component of other comprehensive income to Details of the Cash and Cash Equivalents are given in Held to Maturity Financial Assets are non-derivative hedge relationships as defined by Nepal Accounting the owners of the parent and to the non-controlling Note 4.1 to the Financial Statements. financial assets with fixed or determinable payments Standards (NAS) 39 “Financial Instruments: interests. and fixed maturities which the Bank has the intention 3.4 Financial assets and Financial Liabilities Recognition and Measurement”. and ability to hold to maturity. The group also attributes total comprehensive income Financial assets held for trading are recorded in the to the owners of the Bank and to the non-controlling 3.4.1 Initial Recognition ii. Loans and Receivables Statement of Financial Position at fair value. Changes interests even if this results in the non-controlling a) Date of Recognition in fair value are recognized in ‘Net trading income’. Loans and receivables include non-derivative financial interests having a deficit balance. Currently, the bank Dividend income is recorded in ‘Net trading income’ assets with fixed or determinable payments that are has no such NCIs. All financial assets and liabilities are initially when the right to receive the payment has been not quoted in an active market, other than: recognized on the trade date, i.e. the date on established. 3.2.3 Subsidiaries which the Bank becomes a party to the contractual . Those that the Bank intends to sell Subsidiaries are entities that are controlled by the provisions of the instrument. This includes ‘regular Bank evaluates its held for trading asset portfolio, other immediately or in the near term and those Bank. The Bank is presumed to control an investee way trades’. Regular way trade means purchases than derivatives, to determine whether the intention to that the Bank, upon initial recognition, when it is exposed or has rights to variable returns or sales of financial assets that required delivery of sell them in the near future is still appropriate. When designates as fair value through profit or from its involvement with the investee and has assets within the time frame generally established by Bank is unable to trade these financial assets due to loss.
32 13th Annual Report 2076/077 13th Annual Report 2076/077 33 . Those that the Bank, upon initial recognition, closed out, or when the Bank enters into an offsetting instruments. Difference between the new amortized cost and the designates as available for sale transaction. maturity value is amortized over the remaining life of After initial recognition, such financial liabilities are the asset using the effective interest rate. Any gain . Those for which the Bank may not recover Classification and Subsequent Measurement of subsequently measured at amortized cost using the or loss already recognized in Other Comprehensive substantially all of its initial investment Financial Liabilities effective interest rate method. Within this category, Income in respect of the reclassified financial through contractual cash flows, other than deposits and debt instruments with fixed maturity At the inception, Bank determines the classification instrument is accounted as follows: because of credit deterioration. period have been recognized at amortized cost using of its financial liabilities. Accordingly financial liabilities the method that very closely approximates effective i) Financial assets with fixed maturity : However, the bank has opted to apply carve-out are classified as: interest rate method. The amortization is included in provided by the Institute of Chartered Accountants of Gain or loss recognized up to the date of reclassification a) Financial liabilities at fair value through profit or ‘Interest Expenses’ in the Statement of Profit or Loss. Nepal and recognize interest income at the coupon is amortized to profit or loss over the remaining life of loss Gains and losses are recognized in the Statement of rate and continually measured the carrying amount of the investment using the effective interest rate. If the Profit or Loss when the liabilities are derecognized. loans and receivable at cost/fair value less repayment i. Financial liabilities held for trading financial asset is subsequently impaired, any previous and allowance for impairment. 3.4.3 Reclassification of Financial Instruments gain or loss that has been recognized in other ii. Financial liabilities designated at fair value comprehensive income is reclassified from equity to (c) Financial Assets measured at fair value a) Reclassification of Financial Instruments ‘At through profit or loss profit or loss. through OCI fair value through profit or loss’, b) Financial liabilities at amortized cost ii) Financial assets without fixed maturity : Financial assets measured at fair value through OCI Bank does not reclassify derivative financial are Available for sale financial assets. It includes (a) Financial Liabilities at Fair Value through instruments out of the fair value through profit or loss Gain or loss recognized up to the date of reclassification equity and debt securities. Equity Investments Profit or Loss category when it is held or issued. is recognized in profit or loss only when the financial classified as ‘Available for Sale’ are those which are asset is sold or otherwise disposed of. If the financial Financial Liabilities at fair value through profit or loss Non-derivative financial instruments designated at fair neither classified as ‘Held for Trading’ nor ‘Designated asset is subsequently impaired, any previous gain or include financial liabilities held for trading and financial value through profit or loss upon initial recognition is at fair value through profit or loss’. Securities in this loss that has been recognized in other comprehensive liabilities designated upon initial recognition as fair not reclassified subsequently out of fair value through category are intended to be held for an indefinite income is reclassified from equity to profit or loss. value through profit or loss. Subsequent to initial profit or loss category. period of time and may be sold in response to needs recognition, financial liabilities at fair value through If a financial asset is reclassified, and if Bank for liquidity or in response to changes in the market Bank may, in rare circumstances reclassify financial profit or loss are measured at fair value and changes subsequently increases its estimates of future cash conditions. instruments out of fair value through profit or loss therein are recognized in profit or loss. receipts as a result of increased recoverability of those category if such instruments are no longer held for After initial measurement, financial assets measured at cash receipts, the effect of that increase is recognized i) Financial Liabilities Held for Trading the purpose of selling or repurchasing in the near fair value through OCI are subsequently measured at as an adjustment to the effective interest rate from term notwithstanding that such financial instruments fair value. Unrealized gains and losses are recognized Financial liabilities are classified as held for trading the date of the change in estimate rather than an may have been acquired principally for the purpose directly in equity through ‘Other comprehensive if they are acquired principally for the purpose of adjustment to the carrying amount of the asset at the of selling or repurchasing in the near term. Financial income / expense’ in the ‘Fair Value Reserve’. When selling or repurchasing in the near term or holds as a date of change in estimate. assets classified as fair value through profit or loss at the investment is disposed of the cumulative gain or part of a portfolio that is managed together for short- the initial recognition which would have also met the loss previously recognized in equity is recognized in term profit or position taking. This category includes c) Reclassification of ‘Held to Maturity’ Financial definition of ‘Loans and Receivables’ as at that date the Statement of Profit or Loss under ‘Other operating derivative financial instrument entered into by Bank Instruments is reclassified out of the fair value through profit or income’. Interest earned whilst holding these assets that are not designated as hedging instruments in As a result of a change in intention or ability, if it is no loss category only if Bank has the intention and ability are reported as ‘Interest income’ using the effective hedge relationships as defined by Nepal Accounting longer appropriate to classify an investment as held to hold such asset for the foreseeable future or until interest rate. Dividend earned whilst holding these Standard - NAS 39 (Financial Instruments: to maturity, Bank may reclassify such financial assets maturity. assets are recognized in the Statement of Profit or Recognition and Measurement). as available for sale and re- measured at fair value. Loss as ‘other operating income’ when the right to ii) Financial Liabilities Designated at Fair The fair value of financial instruments at the date of Any difference between the carrying value of the receive the payment has been established. Value through Profit or Loss reclassification is treated as the new cost or amortized financial asset before reclassification and fair value cost of the financial instrument after reclassification. is recognized in equity through other comprehensive Financial assets under this category that are Bank designates financial liabilities at fair value Any gain or loss already recognized in respect of income. monetary securities denominated in a foreign through profit or loss at following circumstances: the reclassified financial instrument until the date of currency – translation differences related to changes However, if Bank were to sell or reclassify more . reclassification is not reversed to the Statement of in the amortized cost of the security are recognized in Such designation eliminates or significantly than an insignificant amount of held to maturity Profit or Loss. income statement and other changes in the carrying reduces measurement or recognition investments before maturity [other than in certain amount are recognized in other comprehensive inconsistency that would otherwise arise If a financial asset is reclassified, and if Bank specific circumstances permitted in Nepal Accounting income. from measuring the liabilities. subsequently increases its estimates of the future Standard - NAS 39(Financial Instruments: Recognition cash receipts as a result of increased recoverability and Measurement)], the entire category would be In the normal course of business, the fair value . The liabilities are part of a group of Financial of those cash receipts, the effect of that increase is tainted and would have to be reclassified as ‘Available of a financial instrument on initial recognition assets, financial liabilities or both, which are recognized as an adjustment to the effective interest for sale’. Furthermore, Bank would be prohibited from is the transaction price (that is, the fair value of managed and their performance evaluated rate from the date of the change in estimate rather classifying any financial assets as ‘Held to Maturity’ the consideration given or received). In certain on a fair value basis, in accordance with a than an adjustment to the carrying amount of the during the following two years. circumstances, however, the fair value will be based documented risk management or investment asset at the date of change in estimate. on other observable current market transactions in the strategy 3.4.4 De-recognition of Financial Assets and same instrument, without modification or repackaging, . The liability contains one or more embedded b) Reclassification of ‘Available for sale’ Liabilities or on a valuation technique whose variables include derivatives that significantly modify the Financial Instruments only data from observable markets, such as interest a) De-recognition of Financial Assets cash flows that would otherwise have been Bank may reclassify financial assets out of available rate yield, option volatilities and currency rates. When Bank derecognizes a financial asset (or where required under the contract. for sale category as a result of change in intention or such evidence exists, the Bank recognizes a trading applicable a part of financial asset or part of a group ability or in rare circumstances that a reliable measure gain or loss on inception of the financial instrument, (b) Financial Liabilities at Amortized Cost of similar financial assets) when: being the difference between the transaction price of fair value is no longer available. Financial instruments issued by Bank that are not The rights to receive cash flows from the and fair value. A financial asset classified as available for sale that classified as fair value through profit or loss are asset have expired; or When unobservable market data have a significant classified as financial liabilities at amortized cost, would have met the definition of loans and receivables impact on the valuation of financial instruments, where the substance of the contractual arrangement at the initial recognition may be reclassified out of Bank has transferred its rights to receive the entire initial difference in fair value from the results in Bank having an obligation either to deliver available for sale category to the loans and receivables cash flows from the asset or category if Bank has the intention and ability to hold transaction price as indicated by the valuation cash or another financial asset to another Bank, or to such asset for the foreseeable future or until maturity. Bank has assumed an obligation to pay model is not recognized immediately in the income exchange financial assets or financial liabilities with the received cash flows in full without statement. Instead, it is recognized over the life of the another Bank under conditions that are potentially The fair value of financial instruments at the date of material delay to a third party under a ‘pass- transaction on an appropriate basis, when the inputs unfavorable to the Bank or settling the obligation reclassification is treated as the new cost or amortized through’ arrangement and either Bank become observable, the transaction matures or is by delivering variable number of Bank’s own equity cost of the financial instrument after reclassification. has transferred substantially all the risks
34 13th Annual Report 2076/077 13th Annual Report 2076/077 35 and rewards of the asset or it has neither Conversely, securities purchased under agreements significant financial difficulty; the probability that they when there is reasonable and objective evidence of transferred nor retained substantially all to resell at future date are not recognized in the will enter bankruptcy or other financial reorganization; reduction in the established loss estimate. Interest on the risks and rewards of the asset, but has Statement of Financial Position. The consideration default or delinquency in interest or principal impaired assets continues to be recognized through transferred control of the asset. paid, including accrued interest, is recorded in the payments; and where observable data indicates that the unwinding of the discount. Statement of Financial Position, under “Reverse there is a measurable decrease in the estimated future On de-recognition of a financial asset, the difference Loans together with the associated allowance are repurchase agreements’ reflecting the transaction’s cash flows, such as changes in arrears or economic between the carrying amount of the asset (or the written off when there is no realistic prospect of future economic substance to the Bank. The difference conditions that correlate with defaults. carrying amount allocated to the portion of the asset between the purchase and resale prices is recorded recovery and all collateral has been realized or has derecognized) and the sum of the consideration as ‘Interest income’ and is accrued over the life of a) Impairment of Financial Assets carried at been transferred to the Bank. If, in a subsequent received (including any new asset obtained less any the agreement using the effective interest rate. If Amortized Cost year, the amount of the estimated impairment loss new liability assumed) and any cumulative gain or loss increases or decreases because of an event occurring securities purchased under agreement to resell are For financial assets carried at amortized cost, such as that had been recognized in other comprehensive after the impairment was recognized, the previously subsequently sold to third parties, the obligation to amounts due from banks, held to maturity investments income is recognized in profit or loss. recognized impairment loss is increased or reduced return the securities is recorded as a short sale within etc., Bank first assesses individually whether objective by adjusting the allowance account. If a future write When Bank has transferred its rights to receive cash ‘Financial liabilities held for trading’ and measured at evidence of impairment exists for financial assets that off is later recovered, the recovery is credited to the flows from an asset or has entered into a pass-through fair value with any gains or losses included in ‘Net are individually significant or collectively for financial impairment charges for loans and other losses. arrangement and has neither transferred nor retained trading income’. assets that are not individually significant. In the substantially all of the risks and rewards of the event Bank determines that no objective evidence When impairment losses are determined for those 3.4.5 Fair Value Measurement asset nor transferred control of the asset, the asset of impairment exists for an individually assessed financial assets where objective evidence of is recognized to the extent of the Bank’s continuing ‘Fair value’ is the price that would be received to sell financial asset, it includes the asset in a group of impairment exists, the following common factors are involvement in the asset. In that case, Bank also an asset or paid to transfer a liability (exit price) in an financial assets with similar credit risk characteristics considered: recognizes an associated liability. The transferred orderly transaction between market participants at the such as collateral type, past due status and other Bank’s aggregate exposure to the customer; asset and the associated liability are measured on a measurement date in the principal or, in its absence, relevant factors and collectively assesses them for basis that reflects the rights and obligations that Bank the most advantageous market to which the Bank has impairment. However, assets that are individually The viability of the customer’s business has retained. access at that date. The fair value of liability reflects assessed for impairment and for which an impairment model and their capacity to trade its non-performance risk. When available, the Bank loss is or continues to be recognized are not included When Bank’s continuing involvement that takes the successfully out of financial difficulties and measures the fair value of an instrument using the in a collective assessment of impairment. form of guaranteeing the transferred asset, the extent generate sufficient cash flows to service quoted price in an active market for that instrument. debt obligations; of the continuing involvement is measured at the If there is an objective evidence that an impairment A market is regarded as active if transactions for the lower of the original carrying amount of the asset and loss has been incurred, the amount of the loss is asset or liability take place with sufficient frequency The amount and timing of expected receipts the maximum amount of consideration received by measured as the difference between the assets’ and volume to provide pricing information on an and recoveries; Bank that Bank could be required to repay. carrying amount and the present value of estimated ongoing basis on an arm’s length basis. The hierarchy future cash flows (excluding future expected credit The extent of other creditors ‘commitments When securities classified as available for sale of Fair Value is described in 5.1.6. losses that have not yet been incurred). The carrying ranking ahead of, or pari-pasu with the are sold, the accumulated fair value adjustments If there is no quoted price in an active market, then the amount of the asset is reduced through the use of Bank and the likelihood of other creditors recognized in other comprehensive income are Bank uses valuation techniques that maximize the use an allowance account and the amount of the loss is continuing to support the company; reclassified to income statement as gains and losses of relevant observable inputs and minimize the use of recognized in the income statement. Interest income from investment securities. The realizable value of security and unobservable inputs. The chosen valuation technique continues to be accrued on the reduced carrying likelihood of successful repossession; b) De-recognition of Financial Liabilities incorporates all of the factors that market participants amount and is accrued using the rate of interest used would take into account in pricing a transaction. Initial to discount the future cash flows for the purpose of ii) Collectively Assessed Financial Assets A financial liability is derecognized when the recognition is normally the transaction price - i.e. the measuring the impairment loss. Impairment is assessed on a collective basis in two obligation under the liability is discharged or cancelled fair value of the consideration given or received. or expired. Where an existing financial liability i) Individually Assessed Financial Assets circumstances: is replaced by another from the same lender on The fair value of a demand deposit is not less than The criteria used to determine whether there is To cover losses which have been incurred substantially different terms or the terms of an existing the amount payable on demand, discounted from the objective evidence of impairment include and not but have not yet been identified on loans liability are substantially modified, such an exchange first date on which the amount could be required to limited to: subject to individual assessment; and or modification is treated as de-recognition of the be paid. A fair value measurement of a non-financial original liability and the recognition of a new liability. asset takes into account a market participant’s ability Known Cash Flow difficulties experienced For homogeneous groups of loans those are to generate economic benefits by using the asset in by the borrowers: not considered individually significant. The difference between the carrying value of the its highest best use or by selling it to another market Incurred but not yet been identified impairments original financial liability and the consideration paid is participant that would use the asset in its highest and Past due contractual payments of either recognized in profit or loss. best use.The Bank recognizes transfers between principal or interest; Individually assessed financial assets for which no c) Repurchase and Reverse Repurchase levels of the fair value hierarchy as of the end of Breach of loan covenants or conditions; evidence of loss has been specifically identified on Agreements the reporting period during which the change has an individual basis are grouped together according occurred. The probability that the borrower will enter to their credit risk characteristics for the purpose of Securities sold under agreement to repurchase at a bankruptcy or other financial reorganization; calculating an estimated collective loss. This reflects specified future date are not de-recognized from the 3.4.6 Impairment of Financial Assets and impairment losses that the bank has incurred as a Statement of Financial Position as the Bank retains The bank has prepared separate Policy for Impairment result of events occurring before the reporting date, substantially all of the risks and rewards of ownership. A significant downgrading in credit rating by of Financial Assets under NFRS in which Financial an external credit rating agency. which the Bank is not able to identify on an individual The corresponding cash received is recognized in the Assets are assesses at each reporting date, whether loan basis and that can be reliably estimated. Statement of Financial Position as a liability with a there is any objective evidence that a financial asset If there is objective evidence that an impairment loss corresponding obligation to return it, including accrued on financial assets measured at amortized cost has These losses will only be individually identified in the or group of financial assets not carried at fair value future. As soon as information becomes available interest under ‘Securities sold under repurchase through profit or loss is impaired. A financial asset or been incurred, the amount of the loss is measured agreements’, reflecting the transaction’s economic by discounting the expected future cash flows of a which identifies losses on individual financial assets group of financial assets is deemed to be impaired if within the group, those financial assets are removed substance to the Bank. The difference between the and only if there is objective evidence of impairment financial asset at its original effective interest rate and sale and repurchase prices is treated as interest comparing the resultant present value with the financial from the group and assessed on an individual basis as a result of one or more events, that have occurred for impairment. expense and is accrued over the life of the agreement after the initial recognition of the asset (an ‘incurred asset’s current carrying amount. The impairment using the effective interest rate. When the bank loss event’) and that loss event (or events) has an allowances on individually significant accounts are The collective impairment allowance is determined has the right to sell or re-pledge the securities, the impact on the estimated future cash flows of the reviewed more regularly when circumstances require. after taking into account: Bank reclassifies those securities in its Statement of financial asset or group of financial assets that can be This normally encompasses re-assessment of the Historical Loss Experience in portfolios of Financial Position as ‘Financial assets held for trading reliably estimated. enforceability of any collateral held and the timing and pledged as collateral or ‘Financial assets available for amount of actual and anticipated receipts. Individually similar credit risk; and Evidence of impairment may include: indications that sale pledged as collateral, as appropriate. assessed impairment allowances are only released Management’s experience and judgment the borrower or a group of borrowers is experiencing 36 13th Annual Report 2076/077 13th Annual Report 2076/077 37 as to whether current economic and credit Financial assets (and the related impairment in the Statement of profit or loss. However, any 3.7 Properties and Equipment conditions are such that the actual level of allowance accounts) are normally written off either subsequent increase in the fair value of an impaired inherent losses at the reporting date is like partially or in full, when there is no realistic prospect available for sale equity security is recognized in other 3.7.1 Recognition and measurement to be greater or less than that suggested by of recovery. Where financial assets are secured, this comprehensive income. The Bank applies the requirements of the Nepal historical experience. is generally after receipt of any proceeds from the Bank writes-off certain available for sale financial Accounting Standard - NAS 16 (Property, Plant realization of security. Homogeneous groups of Financials Assets investments when they are determined to be and Equipment) in accounting for these assets. v) Impairment of Rescheduled Loans and uncollectible. Property and equipment are recognized if it is Statistical methods are used to determine impairment Advances probable that future economic benefits associated losses on a collective basis for homogenous groups 3.4.7 Offsetting of Financial Instruments with the asset will flow to the entity and the cost of of financial assets. Losses in these groups of financial Where possible, the Bank seeks to restructure loans Financial assets and financial liabilities are offset the asset can be measured reliably measured. Cost assets are recorded on an individual basis when rather than to take possession of collateral. This and the net amount presented in the Statement of includes expenditure that is directly attributable to the individual financial assets are written off, at which may involve extending the payment arrangements Financial Position when and only when Bank has a acquisition of the asset and cost incurred subsequently point they are removed from the group. and the agreement of new loan conditions. Once legal right to set off the recognized amounts and it to add to, replace part of an item of property, plant the terms have been renegotiated, any impairment Bank uses the following method to calculate historical intends either to settle on a net basis or to realize the & equipment. The cost of self-constructed assets is measured using the original EIR as calculated loss experience on a collective basis: asset and settle the liability simultaneously. Income includes the cost of materials and direct labor, any before the modification of terms and the loan is no and expenses are presented on a net basis only other costs directly attributable to bringing the asset to After grouping of loans on the basis of homogeneous longer considered past due. Management continually when permitted under NFRSs or for gains and losses a working condition for its intended use and the costs risks, the Bank uses net flow rate method. Under reviews renegotiated loans to ensure that all criteria arising from a group of similar transaction such as in of dismantling and removing the items and restoring this methodology; the movement in the outstanding are met and that future payments are likely to occur. trading activity. the site on which they are located. balance of customers into default categories over the The loans continue to be subject to a criteria are met periods; are used to estimate the amount of financial and that future payments are likely to occur. The loans 3.4.8 Amortized Cost Measurement 3.7.2 Cost Model assets that will eventually be irrecoverable, as a result continue to be subject to an individual or collective Property and equipment is stated at cost excluding of the events occurring before the reporting date impairment assessment, calculated using the loan’s The Amortized cost of a financial asset or liability is the amount at which the financial asset or liability the costs of day–to–day servicing, less accumulated which the Bank is not able to identify on an individual original effective interest rate (EIR). depreciation and accumulated impairment in value. loan basis. is measured at initial recognition, minus principal vi) Collateral Valuation repayments, plus or minus the cumulative amortization Such cost includes the cost of replacing part of the Under this methodology, loans are grouped into using the effective interest method of any difference equipment when that cost is incurred, if the recognition The Bank seeks to use collateral, where possible, to ranges according to the number of days in arrears and between the initial amount recognized and the criteria are met. mitigate its risks on financial assets. The collateral statistical analysis is used to estimate the likelihood maturity amount, minus any reduction for impairment. comes in various forms such as cash, securities, 3.7.3 Revaluation Model that loans in each range will progress through the letters of credit/guarantees, real estate, receivables, various stages of delinquency and ultimately prove The Bank has not applied the revaluation model to inventories, other non-financial assets and credit 3.5 Trading Assets irrecoverable. the any class of freehold land and buildings or other enhancements such as netting agreements. The One of the categories of financial assets at fair value assets. fair value of collateral is generally assessed, at a Current economic conditions and portfolio risk factors through profit or loss is “held for trading” financial minimum, at inception and based on the guidelines On revaluation of an asset, any increase in the carrying are also evaluated when calculating the appropriate assets. All financial assets acquired or held for the issued by the Nepal Rastra Bank. Non-financial amount is recognized in ‘Other comprehensive level of allowance required to cover inherent losses. purpose of selling in the short term or for which there collateral, such as real estate, is valued based on income’ and accumulated in equity, under capital These additional macro and portfolio risk factors may is a recent pattern of short term profit taking are data provided by third parties such as independent reserve or used to reverse a previous revaluation include: trading assets. valuator and audited financial statements. decrease relating to the same asset, which was Recent loan portfolio growth and product charged to the Statement of Profit or Loss. In this mix b) Impairment of Financial Assets – Available for 3.6 Derivatives assets and derivative liabilities circumstance, the increase is recognized as income Sale to the extent of previous write down. Any decrease in Unemployment rates A derivative is a financial instrument whose value the carrying amount is recognized as an expense in For available for sale financial investments, Bank changes in response to the change in an underlying Gross Domestic Production (GDP)Growth the Statement of Profit or Loss or debited to the Other assesses at each reporting date whether there is variable such as an interest rate, commodity or security Comprehensive income to the extent of any credit Inflation objective evidence that an investment is impaired. price, or index; that requires no initial investment, balance existing in the capital reserve in respect of or one that is smaller than would be required for a Interest rates In the case of debt instruments, Bank assesses that asset. individually whether there is objective evidence of contract with similar response to changes in market Changes in government laws and regulations impairment based on the same criteria as financial factors; and that is settled at a future date. The decrease recognized in other comprehensive income reduces the amount accumulated in equity Property prices assets carried at amortized cost. However, the Forward contracts are the contracts to purchase or under capital reserves. Any balance remaining in amount recorded for impairment is the cumulative loss sell a specific quantity of a financial instrument, a Overdue days the revaluation reserve in respect of an asset is measured as the difference between the amortized commodity, or a foreign currency at a specified price transferred directly to retained earnings on retirement However, the bank has opted to apply carve-out on cost and the current fair value, less any impairment determined at the outset, with delivery or settlement or disposal of the asset. impairment of loans and receivables. Accordingly, loss on that investment previously recognized in the at a specified future date. Settlement is at maturity by Income Statement. Future interest income is based individual and collective impairment loss amount actual delivery of the item specified in the contract, or 3.7.4 Subsequent Cost calculated as per NFRS is compared with the on the reduced carrying amount and is accrued using by a net cash settlement. impairment provision required under NRB directive the rate of interest used to discount the future cash The subsequent cost of replacing a component of an All freestanding contracts that are considered no.2, higher of the amount derived from these flows for the purpose of measuring the impairment item of property, plant and equipment is recognized in derivatives for accounting purposes are carried at fair measures is taken as impairment loss for loans and loss. If, in a subsequent period, the fair value of a the carrying amount of the item, if it is probable that value on the statement of financial position regardless receivables. debt instrument increases and the increase can be the future economic benefits embodied within that part objectively related to a credit event occurring after the of whether they are held for trading or non-trading will flow to the Bank and it can be reliably measured. iii) Reversal of Impairment impairment loss was recognized, the impairment loss purposes. Changes in fair value on derivatives held The cost of day to day servicing of property, plant and for trading are included in net gains/ (losses) from equipment are charged to the Statement of Profit or If the amount of an impairment loss decreases in a is reversed through the Income Statement. financial instruments in fair value through profit or Loss as incurred. subsequent period and the decrease can be related In the case of equity investments classified as loss on financial assets/ liabilities at fair value through objectively to an event occurring after the impairment available for sale, objective evidence would also profit or loss. was recognized, the excess is written back by include a ‘significant’ or ‘prolonged’ decline in the reducing the financial asset impairment allowance fair value of the investment below its cost. Where account accordingly. The write-back is recognized in there is evidence of impairment, the cumulative loss the Statement of Profit or Loss. measured as the difference between the acquisition iv) Write-off of Financial Assets Carried At cost and the current fair value, less any impairment Amortized Cost loss on that investment previously recognized in profit or loss is removed from equity and recognized
38 13th Annual Report 2076/077 13th Annual Report 2076/077 39 3.7.6 Depreciation 3.8 Goodwill and Intangible Assets for capital appreciation or both but not for sale in the In respect of taxable temporary differences ordinary course of business. associated with investments in subsidiaries, Fixed assets are depreciated on Straight Line Method, 3.8.1 Recognition where the timing of the reversal of the temporary at the rates determined on the basis of useful life of Land or land and building other than those classified differences can be controlled and is probable that assets. Depreciation rates applicable to assets of the An intangible asset is an identifiable non-monetary as property and equipment; and non-current assets the temporary differences will not reverse in the bank are as follows.. asset without physical substance, held for use in held for sale under relevant accounting standard the production or supply of goods or services, or foreseeable future. S.N. Particulars Rates has been presented under this account head. This for administrative purposes. An intangible asset is shall include land, land and building acquired as non Deferred tax assets are recognized for all deductible 1 Buildings 2.50% recognized if it is probable that the future economic banking assets by the Bank but not sold. temporary differences, carried forward unused tax benefits that are attributable to the asset will flow to credits and unused tax losses (if any), to the extent 2 Furniture & fixtures 20% Hence, Investment Properties represent Non- the entity and the cost of the asset can be measured that it is probable that the taxable profit will be Financial Assets acquired by the Bank in settlement of 3 Office Equipments 20% reliably. An intangible asset is initially measured at available against which the deductible temporary the overdue loans. The assets are initially recognized 4 Vehicles 20% cost. Expenditure incurred on an intangible item that differences, carried forward unused tax credits and at fair value when acquired. The Bank’s policy is was initially recognized as an expense by the Bank unused tax losses can be utilized except: 5 Computers 20% in previous annual Financial Statements or interim to determine whether the asset is best used for its Rate of Depreciation per annum (%) Financial Statements are not recognized as part of internal operations or should be sold. The proceeds Where the deferred tax asset relating to the are used to reduce or repay the outstanding claim. deductible temporary differences arising from Depreciation on newly acquired fixed assets is the cost of an intangible asset at a later date. The immovable property acquired by foreclosure of the initial recognition of an asset or liability in a charged from the month of booking or when the fixed 3.8.2 Computer Software & Licenses collateral from defaulting customers, or which has transaction that is not a business combination, asset is ready to use, whichever is earlier. Fixed assets devolved on the Bank as part settlement of debt, and at the time of transaction, affects neither the booked before 15th of the month are depreciated for Cost of purchased licenses and all computer software has not been occupied for business use. Hence, accounting profit nor taxable profit or loss. the whole month and after 15th are depreciated for costs incurred, licensed for use by the Bank, which investment property is measured at fair value. half month. Fixed Assets valuing 5,000 or less are are not integrally related to associated hardware, In respect of deductible temporary differences directly charged to the profit and loss account as which can be clearly identified, reliably measured, After initial measurement, investment properties are associated with investments in Subsidiaries, expenses for capital items. and it’s probable that they will lead to future economic subsequently measured at fair value. Unrealized deferred tax assets are recognized only to the benefits, are included in the Statement of Financial gains and losses are recognized directly under “Fair extent that it is probable that the temporary Amortization of Leasehold Assets Position under the category ‘Intangible assets’ and value gain/loss on investment properties” in “other differences will reverse in the foreseeable future Costs incurred in respect of Leasehold Property are carried at cost less accumulated amortization and any operating income”. When the investment properties and taxable profit will be available against which capitalized as leasehold assets and amortized at the accumulated impairment losses. are disposed off, the gains or losses are recognized in the temporary difference will be utilized. rate of 10% on straight line basis the Statement of Profit or Loss under ‘Other operating 3.8.3 Subsequent Expenditure income” in “Gain/loss on sale of investment property”. The carrying amount of deferred tax assets is 3.7.7 Changes in Estimates The fair value measurement of level I is applied for reviewed at each reporting date and reduced to the Expenditure incurred on software is capitalized only subsequent measurement of Investment Property. extent that it is probable that sufficient profit will be The asset’s methods of depreciation are reviewed, when it is probable that this expenditure will enable the available to allow the deferred tax asset to be utilized. and adjusted if appropriate, at each financial year asset to generate future economic benefits in excess Unrecognized deferred tax assets are reassessed at end. of its originally assessed standard of performance and 3.10 Income Tax each reporting date and are recognized to the extent this expenditure can be measured and attributed to 3.7.7 Capital Work in Progress As per Nepal Accounting Standard- NAS 12 (Income that it has become probable that future taxable profit the asset reliably. All other expenditures are charged Taxes) tax expense is the aggregate amount included will allow the deferred tax asset to be recovered. These are expenses of capital nature directly to the Statement of Profit or Loss as incurred. in determination of profit or loss for the period in incurred in the construction of buildings, major plant Deferred tax assets and liabilities are measured at the respect of current and deferred taxation. Income and machinery and system development, awaiting Goodwill is measured at cost less accumulated tax rates that are expected to apply in the year when Tax expense is recognized in the statement of Profit capitalization. Capital work-in-progress would be impairment losses. Bank doesn’t have any goodwill in the asset is realized or the liability is settled, based or Loss, except to the extent it relates to items transferred to the relevant asset when it is available its books of accounts. on tax rates (and tax laws) that have been enacted or recognized directly in equity or other comprehensive for use, i.e. when it is in the location and condition substantively enacted at the reporting date. 3.8.4 Amortization of Intangible Assets income in which case it is recognized in equity or necessary for it to be capable of operating in the in other comprehensive income. The Management Current and deferred tax assets and liabilities are manner intended by management. Capital work- Intangible Assets, except for goodwill, are amortized periodically evaluates positions taken in tax returns offset only to the extent that they relate to income in-progress is stated at cost less any accumulated on a straight–line basis in the Statement of Profit or with respect to situations in which applicable tax taxes imposed by the same taxation authority. impairment losses. Loss from the date when the asset is available for regulation is subject to interpretation. It establishes use, over the best of its useful economic life based 3.11 Deposits, debt securities issued and 3.7.8 Borrowing Costs on a pattern in which the asset’s economic benefits provisions where appropriate on the basis of amounts expected to be paid to tax authorities. subordinated liabilities Borrowing costs directly attributable to the acquisition, are consumed by the bank. Amortization methods, useful lives, residual values are reviewed at each construction or production of an asset that necessarily 3.10.1 Current Tax Deposits, debt securities issued and subordinated takes a substantial period of time to get ready for its financial year end and adjusted if appropriate. The liabilities are the Bank’s sources of funding. Deposits Current tax assets and liabilities consist of amounts intended use or sale are capitalized as part of the cost Bank assumes that there is no residual value for its include non-interest bearing deposits, saving deposits, expected to be recovered from or paid to Inland of an asset. All other borrowing costs are expensed intangible assets. term deposits, call deposits and margin deposits. The Revenue Department in respect of the current in the period in which they occur. Borrowing costs estimated fair value of deposits with no stated maturity License fees for the software paid by the Bank are year, using the tax rates and tax laws enacted or consist of interest and other costs that the Bank incurs period is the amount repayable on demand. The fair amortized over the period of the license. Profit or loss substantively enacted on the reporting date and any in connection with the borrowing of funds. value of fixed interest bearing deposits is considered on disposal of fixed assets is recognized in the profit adjustment to tax payable in respect of prior years. and loss of the year. as the interest receivable on these deposits plus 3.7.9 De-recognition carrying amount of these deposits. The fair value 3.10.2 Deferred Tax The carrying amount of an item of property, plant 3.8.5 De-recognition of Intangible Assets of debt securities issued is also considered as the and equipment is derecognized on disposal or when Deferred tax is provided on temporary differences carrying amount of these debt securities issued. The carrying amount of an item of intangible asset is at the reporting date between the tax bases of Subordinated liabilities are liabilities subordinated, at no future economic benefits are expected from its derecognized on disposal or when no future economic use. The gain or loss arising from de-recognition assets and liabilities and their carrying amounts for the event of winding up, to the claims of depositors, benefits are expected from its use. The gain or loss financial reporting purposes. Deferred tax liabilities debt securities issued and other creditors. of an item of property, plant and equipment is arising on de recognition of an item of intangible included in the Statement of Profit or Loss when are recognized for all taxable temporary differences assets is included in the Statement of Profit or Loss except: the item is derecognized. When replacement costs when the item is derecognized. 3.12 Provisions are recognized in the carrying amount of an item Where the deferred tax liability arises from the A provision is recognized if, as a result of a past event, of property, plant and equipment, the remaining initial recognition of goodwill or of an asset or carrying amount of the replaced part is derecognized. 3.9 Investment Property the Bank has a present legal or constructive obligation liability in a transaction that is not a business that can be estimated reliably, and it is probable that Major inspection costs are capitalized. At each such Investment property is property (land or a building or combination, and at the time of transaction, capitalization, the remaining carrying amount of the an outflow of economic benefits will be required to part of a building or both) held (by the owner or by affects neither the accounting profit nor taxable settle the obligation. The amount recognized is the previous cost of inspections is derecognized. the lessee under a finance lease) to earn rentals or profit or loss.
40 13th Annual Report 2076/077 13th Annual Report 2076/077 41 best estimate of the consideration required to settle The bank has opted to apply carve-out and recognize i. Wages, salaries and social security contributions; current and prior periods and discounting that benefit the present obligation at the reporting date, taking in interest income on accrual basis applying the coupon to determine its present value, then deducting the fair ii. Paid annual leave and paid sick leaves; to account the risks and uncertainties surrounding the rate, which is variable rate of interest. value of any plan assets to determine the net amount obligation at that date. Where a provision is measured iii. Profit sharing and bonuses; to be shown in the Statement of Financial Position. using the cash flows estimated to settle the present 3.13.2 Fee and Commission Income The value of a defined benefit asset is restricted to the obligation, its carrying amount is determined based iv. Non-monetary benefits (such as medical care, present value of any economic benefits available in Fees earned for the provision of services over a housing, cars) for current employees on the present value of those cash flows. period of time are accrued over that period. These the form of refunds from the plan or reduction on the future contributions to the plan. In order to calculate A provision for onerous contracts is recognized when fees include Service fees and commission income. the present value of economic benefits, consideration the expected benefits to be derived by the Bank Loan syndication fees are recognized as revenue Short term employee benefits are measured on an is given to any minimum funding requirement that from a contract are lower than the unavoidable cost when the syndication has been completed and the undiscounted basis and are expenses as the related apply to any plan in Bank. An economic benefit is of meeting its obligations under the contract. The Bank retained no part of the loan package for itself, service is provided. A liability is recognized for the available to Bank if it is realizable during the life of the provision is measured as the present value of the or retained a part at the same effective interest rate amount expected to be paid under short term cash plan, or on settlement of the plan liabilities. lower of the expected cost of terminating the contract as for the other participants. Portfolio and other bonus or profit sharing plans if the Bank has present and the expected net cost of continuing with the management advisory fees and service distribution legal or constructive obligation to pay this amount as Bank determines the interest expense on the defined contract. Provisions are not recognized for future fees are recognized based on the applicable contracts, a result of past service provided by the employee and benefit liability by applying the discount rate used to operating losses. usually on a time apportionment basis. the obligation can be estimated reliably. measure the defined benefit liability at the beginning of the annual period to the defined benefit liability at Before a provision is established, the Bank recognizes 3.15.2 Post-Employment Benefits 3.13.3 Dividend Income the beginning of the annual period. The discount rate any impairment loss on the assets associated with Post-employment benefits are employee benefits is the yield at the reporting date on government bonds that contract. The expense relating to any provision Dividend income is on equity instruments are (other than termination benefits and short-term that have maturity dates approximating to the terms of is presented in the Statement of Profit or Loss net of recognized in the statement of profit and loss within other operating income when the Bank’s right to employee benefits) that are payable after the Bank’s obligations. any reimbursement. completion of employment such as the following: receive payment is established. The increase in gratuity liabilities attributable to the i. Retirement benefits (eg: gratuity, lump sum 3.13 Revenue Recognition 3.13.4 Net Trading Income services provided by employees during the year payments on retirement); and ended 15th July, 2020 (current service cost) has been As per NAS 18 para 20 Revenue is recognized to the Net trading income comprises gains less losses recognized in the Statement of Profit or Loss under ii. Other post-employment benefits such as post- extent that it is probable that the economic benefits relating to trading assets and liabilities, and includes ‘Personnel Expenses’ together with the net interest employment life insurance will flow to Bank and the revenue can be reliably all realized interest, dividend and foreign exchange expense. Bank recognizes the total actuarial gain measured. The following specific recognition criteria differences as well as unrealized changes in fair value Defined Contribution Plan and loss that arises in calculating Bank’s obligation must also be met before revenue is recognized. of trading assets and liabilities. in respect of gratuity in other comprehensive income A defined contribution plan is a post-employment during the period in which it occurs. 3.13.1 Interest Income 3.13.5 Net Income from other financial instrument benefit plan under which an Bank pays fixed at fair value through Profit or Loss contribution into a separate Bank Account (a fund) 3.15.3 Other Long Term Employee Benefits For all financial assets measured at amortized and will have no legal or constructive obligation to cost, interest bearing financial assets classified as Trading assets such as equity shares and mutual fund pay further contributions if the fund does not hold Other long term employee benefits are all employee available-for-sale and financial assets designated at are recognized at fair value through profit or loss. sufficient assets to pay all employee benefits relating benefits other than short-term employee benefits, fair value through profit or loss, EIR is the rate that No other financial instruments are designated at fair to employee services in the current and prior periods, post-employment benefits and termination benefits. exactly discounts estimated future cash payments value through profit or loss. as defined in Nepal Accounting Standards – NAS 19 or receipts through the expected life of the financial a) Unutilized Accumulated Leave Currently, the bank has no income under the heading (Employee Benefits). instrument or a shorter period, where appropriate, net income from other financial instrument at fair Bank’s liability towards the accumulated leave which to the net carrying amount of the financial asset or The contribution payable by the employer to a value through profit or loss. is expected to be utilized beyond one year from financial liability. defined contribution plan in proportion to the services the end of the reporting period is treated as other rendered to Bank by the employees and is recorded long term employee benefits. Bank’s net obligation The calculation takes into account all contractual terms 3.14 Interest Expense as an expense under ‘Personnel expense’ as and of the financial instrument (for example, prepayment towards unutilized accumulated leave is calculated when they become due. Unpaid contributions are by discounting the amount of future benefit that options) and includes any fees or incremental costs For financial liabilities measured at amortized cost recorded as a liability under ‘Other Liabilities’. that are directly attributable to the instrument and using the rate that closely approximates effective employees have earned in return for their service are an integral part of the EIR, but not future credit interest rate, interest expense is recorded using such Bank contributed 10% on the salary of each employee in the current and prior periods to determine the losses. The carrying amount of the financial asset rate. EIR is the rate that exactly discounts estimated to the Employees’ Provident Fund. The above present value of such benefits. The discount rate is or financial liability is adjusted if the bank revises future cash payments or receipts through the expenses are identified as contributions to ‘Defined the yield at the reporting date on government bonds its estimates of payments or receipts. The adjusted expected life of the financial instrument or a shorter Contribution Plans’ as defined in Nepal Accounting that have maturity dates approximating to the terms carrying amount is calculated based on the original period, where appropriate, to the net carrying amount Standards – NAS 19 (Employee Benefits). of Bank’s obligation. The calculation is performed of the financial asset or financial liability. using the Projected Unit Credit Actuarial Method. Net EIR and the change in carrying amount is recorded Defined Benefit Plan as ’Interest income’ for financial assets and ’Interest change in liability for unutilized accumulated leave including any actuarial gain and loss are recognized and similar expense’ for financial liabilities. However, 3.15 Employee Benefits A defined benefit plan is a post-employment for a reclassified financial asset for which the bank benefit plan other than a defined contribution plan. in the Statement of Profit or Loss under ‘Personnel subsequently increases its estimates of future cash Employee Benefits are all forms of consideration Accordingly, staff gratuity has been considered Expenses’ in the period in which they arise. receipts as a result of increased recoverability of given by an entity in exchange for service rendered as defined benefit plans as per Nepal Accounting 3.15.4 Termination Benefits those cash receipts, the effect of that increase is by employees or for the termination of employment. Standards – NAS 19 (Employee Benefits). recognized as an adjustment to the EIR from the date Termination benefits are employee benefits provided Employee benefits include: a) Gratuity of the change in estimate. in exchange for the termination of an employee’s • Short term employee benefits In compliance with Labor Act, 2017, provision is made employment as a result of either: When the outcome of the transaction involving the in the account year of service, for gratuity payable to rendering of services cannot be estimated reliably, • Post employee benefits i. An entity’s decision to terminate an employee’s employees who joined bank on a permanent basis revenue shall be recognized only to the extent of the employment before the normal retirement date or • Other long term employee benefits before 3rd September 2017. Similarly, the employees expenses recognized that are recoverable. Similarly, who joined the bank after 3rd September 2017, the ii. An employee’s decision to accept an offer of once the recorded value of a financial asset or a group • Termination benefits contributory plan is made. An actuarial valuation is benefits in exchange for the termination of of similar financial assets has been reduced due to carried out every year to ascertain the full liability employment payment delinquency for more than 365 days, interest 3.15.1 Short Term Employee Benefits under gratuity. income shall be discontinues to be recognized. Short-term employee benefits such as the following, Similarly, the interest recognition is suspended as per if expected to be settled wholly before twelve months Bank’s obligation in respect of defined benefit obligation 3.16 Leases “Guideline on Recognition of Interest Income 2019” after the end of the annual reporting period in which is calculated by estimating the amount of future benefit The determination of whether an arrangement is a issued by Nepal Rastra Bank. the employees render the related services: that employees have earned for their service in the lease or it contains a lease, is based on the substance 42 13th Annual Report 2076/077 13th Annual Report 2076/077 43 of the arrangement and requires an assessment measured at fair value are translated using the Currently, the bank has categorized its segment as: 3.23 Dividend on Ordinary Shares of whether the fulfillment of the arrangement is exchange rates at the date when the fair value was • Banking Operation dependent on the use of a specific asset or assets determined. Dividend on ordinary shares are recognized as a and the arrangement conveys a right to use the asset. • Treasury liability and deducted from equity when they are Foreign exchange differences arising on the approved by the Bank’s shareholders. Dividend for 3.16.1 Finance Lease settlement or reporting of monetary items at rates • Card the year that is approved after the reporting date different from those which were initially recorded are is disclosed as an event after the reporting date. Agreements which transfer to counterparties • Others dealt with in the Statement of Profit or Loss. Interim Dividend is deducted from equity when they substantially all the risks and rewards incidental to are declared and is no longer at the discretion of the the ownership of assets, but not necessarily legal 3.18 Financial guarantee and loan commitment 3.22 Impairment of Non-Financial Assets Bank. title, are classified as finance lease. When Bank A financial guarantee contract is a contract that requires is the lessor under finance lease, the amounts due The Bank assesses at each reporting date whether the issuer to make specified payments to reimburse the under the leases, after deduction of unearned interest there is an indication that an asset may be impaired. 3.24 Cash Flow Statement holder for a loss it incurs because a specified debtor income, are included in ‘Loans to & receivables from If any indication exists, or when annual impairment fails to make payment when due. Financial guarantee As per NAS 7, the cash flow statement has been other customers’, as appropriate. Interest income testing for an asset is required, the Bank estimates the contracts may have various legal forms, such as a prepared using ‘The Direct Method’, whereby gross receivable is recognized in ‘Net interest income’ over asset’s recoverable amount. An asset’s recoverable guarantee, some types of letter of credit, etc. where cash receipts and gross cash payments of operating the periods of the leases so as to give a constant rate amount is the higher of an asset’s or the fair value the bank has confirmed its intention to provide funds activities, finance activities and investing activities of return on the net investment in the leases. of the Cash Generating Units (CGU) fair value less to a customer or on behalf of a customer in the form costs to sell and its value in use. Where the carrying have been recognized. When Bank is a lessee under finance leases, the of loans, overdrafts etc. whether cancellable or not amount of an asset or CGU exceeds its recoverable leased assets are capitalized and included in ‘Property, and the bank had not made payments at the reporting amount, the asset is considered impaired and is 3.25 Comparative Information plant and equipment’ and the corresponding liability to date, those instruments are included in these financial written down to its recoverable amount. the lesser is included in ‘Other liabilities’. A finance statements as commitments. The Financial Statement of the Bank provides lease and its corresponding liability are recognized In assessing value in use, the estimated future cash comparative information in respect of previous flows are discounted to their present value using a periods. The accounting policies have been initially at the fair value of the asset or if lower, the 3.19 Share capital and reserves present value of the minimum lease payments. pre–tax discount rate that reflects current market consistently applied by the Bank with those of the Finance charges payable are recognized in ‘Interest Share capital and reserves are different classes of assessments of the time value of money and the risks previous financial year in accordance with NAS 1 expenses’ over the period of the lease based on equity claims. Equity claims are claims on the residual specific to the asset. In determining fair value less Presentation of Financial Statements. Furthermore, the interest rate implicit in the lease so as to give a interest in the assets of the entity after deducting all costs to sell, appropriate valuation model is used. comparative information is reclassified and restated constant rate of interest on the remaining balance of its liabilities. Changes in equity during the reporting wherever necessary to comply with the current the liability. period comprise income and expenses recognized presentation. in the statement of financial performance; plus The bank does not have finance lease transactions at contributions from holders of equity claims, minus the reporting date. distributions to holders of equity claims. 3.16.2 Operating Lease All other leases are classified as operating leases. 3.20 Earnings per share When acting as lesser, Bank includes the assets Bank presents basic and diluted Earnings per Share subject to operating leases in ‘Property, plant and (EPS) data for its ordinary shares. Basic EPS is equipment’ and accounts for them accordingly. calculated by dividing the profit and loss attributable Impairment losses are recognized to the extent that to ordinary equity holders of Bank by the weighted residual values are not fully recoverable and the average number of ordinary shares outstanding carrying value of the assets is thereby impaired. The during the period. lease payments are recognized as an expense on straight line basis over the lease term. Diluted EPS is determined by adjusting both the profit and loss attributable to the ordinary equity holders When Bank is the lessee, leased assets are not and the weighted average number of ordinary shares recognized on the Statement of Financial Position. outstanding, for the effects of all dilutive potential ordinary shares, if any. 3.17 Foreign Currency Translation, Transactions and Balances Earnings per share is calculated and presented in Statement of Profit or Loss. All foreign currency transactions are translated into the functional currency, which is Nepalese Rupees, 3.21 Segment reporting using the exchange rates prevailing at the dates when the transactions were affected. An operating segment is a component of an entity: Monetary assets and liabilities denominated in foreign that engages in business activities from which it currencies at the reporting date are translated to may earn revenues and incur expenses (including Nepalese Rupees using the spot foreign exchange revenues and expenses relating to transactions rate ruling at that date and all differences arising on with other components of the same entity), non-trading activities are taken to ‘Other Operating whose operating results are regularly reviewed Income’ in the Statement of Profit or Loss. The by the entity’s chief operating decision maker to foreign currency gain or loss on monetary items is the make decisions about resources to be allocated difference between amortized cost in the functional to the segment and assess its performance, and currency at the beginning of the period, adjusted for effective interest and payments during the period, for which discrete financial information is and the amortized cost in foreign currency translated available. at the rates of exchange prevailing at the end of the The bank has identified the key segments of business reporting period. on the basis of nature of operations that assists the Non-monetary items in a foreign currency that are Executive Committee of the bank in decision making measured in terms of historical cost are translated process and to allocate the resources. It will help using the exchange rates as at the dates of the initial the management to assess the performance of the transactions. Non-monetary items in foreign currency business segments.
44 13th Annual Report 2076/077 13th Annual Report 2076/077 45
Particulars Current Year Previous Year
Particulars Current Year Previous Year Treasury Bills - -
Cash in Hand 4,168,588,700 2,503,874,208 Government Bonds - - Balances with BFIs 4,106,384,065 1,692,336,589 NRB Bonds - - Money at Call and Short Notice - - Domestic Corporate Bonds - - Other - - Equities - - Placement less than 90 days 2,104,995,343 1,108,552,480 Other Trading Assets - - Total 10,379,968,108 5,304,763,277 Total - - Cash and cash equivalents include cash at vault and agency bank account balances and placement to other BFIs which are maturing within 3 months which are subject to an insignificant risk of changes in value. Fair value of cash and cash equivalent amount is the carrying amount. Particulars Current Year Previous Year
Loans to Micro-Finance Institutions 4,157,764,982 3,045,237,060
Other - - Particulars Current Year Previous Year Less: Allowances for Impairment 41,445,244 30,428,790 Statutory Balances with NRB 3,162,797,290 3,627,941,231 Total 4,116,319,738 3,014,808,270 Securities purchased under Resale Agreement - - Other Deposit and Receivable from NRB 5,088,206,210 4,645,183,886
Total 8,716,147,441 7,807,981,176 Particulars Current Year Previous Year Minimum Statutory balances as prescribed by NRB which is 3% of minimum CRR balance to be maintained with NRB is included in Balance at Shrawan 01 30,428,790 28,564,588 Statutary Balance with NRB and remaining balance is shown in Other Deposit and Receivable from NRB.The fair value of balance with the Nepal Rastra Bank is the carrying amount. Impairment Losss for the year: - - Charge for the year 13,062,629 3,209,164 Recoveries/Reversal 2,046,175 1,344,962
Amount Written Off - - Particulars Current Year Previous Year Balance at Asar End 41,445,244 30,428,790 Placement with Domestic BFIs 30,770,978 14,060,238
Placement with Foreign BFIs 2,229,347,013 1,104,669,479 Loan and advances provided to microfinance financial institution are presented under this head. Less: Allowances for Impairment - - Total 2,260,117,991 1,118,729,717 Particulars Current Year Previous Year Placement whose maturity date is more than 3 months as on reporting date is shown in this category. The fair value of balance includes Principal amount and Account Receivable as on reported date. Loans and Advances measured at Amortized Cost 112,864,189,005 73,851,161,294 Less: Impairment Allowances Collective Impairment 998,614,257 708,166,404 Individual Impairment 1,429,781,679 597,593,253 Net Amount 110,435,793,069 72,545,401,637 Particulars Current Year Previous Year Loans and Advances measured at FVTPL - - Held for Trading Total 110,435,793,069 72,545,401,637 Interest Rate Swap - Loans and advances are assessed individually and collectively as per incured loss model which is compared with the Currency Swap - loss provision prescribed by NRB directive no. 2. Higher of the loss as per incurred loss model and NRB directive is Forward Exchange Contracts - considered for impairment. Accrued Interest Receivable on loans have been considered under Loans and Advances measured at Amortized Cost. Loan to employees and its AIR provided according to the Employee Bylaws of the bank Others - is presented under this head. Total provision under Pass Loan as per NRB Directive No. 2 is categorized as Collective Held for Risk Management Impariment and remaining are categorized as Individual Impairment. Interest Rate Swap - Currency Swap -
Forward Exchange Contracts. -
Others -
Total -
46 13th Annual Report 2076/077 13th Annual Report 2076/077 47
Particulars Current Year Previous Year Particulars Current Year Previous Year Specific Allowance for Impairment Product Term Loans 21,925,886,834 14,756,971,010 Balance at Shrawan 01 597,593,253 509,568,170 Overdraft 28,345,188,623 14,539,071,872 Impairment Loss for the year Trust Receipt/Import Loans 1,447,311,748 1,618,802,413 Charge for the year 1,003,805,537 234,225,533 Recoveries/Reversals during the year 171,919,752 146,200,450 Demand and other Working Capital Loans 14,774,994,722 10,068,375,371 Write-Offs - - Personal Residential Loans 6,934,030,070 3,890,204,594 Exchange Rate Variance on Foreign Currency - - Real Estate Loans 9,280,485,782 5,559,437,609 Other Movement - - Margin Lending Loans 2,947,232,471 2,070,061,653 Balance at Asar End 1,429,479,038 597,593,253 Hire Purchase Loans 7,382,048,042 4,767,612,016 Collective Allowances for Impairment Deprived Sector Loans 1,671,882,844 759,147,300 Balance at Sharawan 01 708,166,404 662,715,735 Bills Purchased 510,952,817 54,010,397 Impairment Loss for the year Staffs Loans 407,854,827 214,772,609 Charge/(Reversal) for the year 290,447,853 45,450,669 Other 16,105,875,515 15,171,821,319 Exchange Rate Variance on Foreign Currency - - Sub-Total 111,733,744,295 73,470,288,164 Other Movement - - Interest Receivable 1,130,444,710 380,873,131 Balance at Asar End 998,914,257 708,166,404 Grand Total 112,864,189,005 73,851,161,294 Total Allowances for Impairment 2,428,395,936 1,305,759,657
Particulars Current Year Previous Year Particulars Current Year Previous Year Nepalese Rupee 112,362,707,062 73,127,557,617 Investment Securities measured at Amortized Cost 12,891,708,168 9,618,053,868 Indian Rupee - - United States Dollar 501,481,943 703,828,390 Investment in Equity measured at FVTOCI 792,572,123 524,102,650 Great Britain Pound - - Total 13,684,280,290 10,142,156,518 Euro - 19,775,287 Japanese Yen - - 4.8.1: Investment Securities measured at Amortized Cost Chinese Yuan - - Other - - Particulars Current Year Previous Year Grand Total 112,864,189,005 73,851,161,294 Debt Securities - - Government Bonds 11,780,095,075 8,878,324,987 Government Treasury Bills - - Particulars Current Year Previous Year Nepal Rastra Bank Bonds - - Secured Nepal Rastra Bank Deposit Instruments - - Moveable/Immoveable Assets 98,864,681,874 68,191,929,635 Other - 66,393,741 Gold and Silver 4,832,902,585 279,079,931 Government Bond Foreign 1,111,613,093 673,335,139 Guarantee of Domestic BFIs - - Less: Specific Allowances for Impairment - - Government Guarantee 154,909,056 117,802,500 Total 12,891,708,168 9,618,053,868 Guarantee of International Rated Bank - - Collateral of Export Document - - Collateral of Fixed Deposit Receipt 425,898,567 205,922,409 Particulars Current Year Previous Year Collatereal of Government Securities 2,520,000 3,319,946 Equity Instruments Counter Guarantee - - Quoted Equity Securities 742,661,783 500,858,650 Personal Guarantee - 600,000 Unquoted Equity Securities 49,910,340 23,244,000 Other Collateral 7,452,832,214 4,671,633,742 Total 792,572,123 524,102,650 Subtotal 111,733,744,295 73,470,288,164 Unsecured(AIR) 1,130,444,710 380,873,131 Grand Total 112,864,189,005 73,851,161,294 Gross Loans and Advances to customers excluding Impairment has been considered for 4.7.3 analysis.
48 13th Annual Report 2076/077 13th Annual Report 2076/077 49 Current Year Previous Year Particulars
Current Year Previous Year 2. Investment in Unquoted Equity Particulars 2.1 Annapurna Developers (20,000 Promoter shares of Rs. 100 each fully paid) 2,000,000 2,000,000 - - 2.2 Banking Finance & Insurance Institution (33,000 Promoter shares of Rs. 100 1. Investment in Quoted Equity each fully paid) 3,000,000 3,300,000 3,000,000 3,000,000 2.3 Divya Laghubitta Bittiya Sanstha Limited (117,700 Promoter shares of Rs. 100 1.1 Nerude Laghubitta Limited, (556,488.45 Promoter shares of Rs. 100 each fully paid) 13,386,254 148,582,416 13,303,198 94,923,388 each fully paid) 11,770,000 11,770,000 - - 2.4 Jalpa Laghubitta Bittiyta Sanstha Limited ( 70,000 Promoter shares of Rs. 100 1.2 Surya Life Insurance Company Limited (28,041 Promoter shares of Rs. 100 each fully each fully paid) 7,000,000 7,000,000 - - paid) 2,545,355 4,290,273 - - 2.5 Karja Suchana Kendra (11,813 Promoter shares of Rs. 100 each fully paid) 94,500 1,181,300 - - 1.3 Chilime Hydro power Company Limited (49288 Ordinary shares of Rs. 100 each fully paid) 33,511,687 19,616,624 - - 2.6 Nepal Clearing House Ltd.(81,262.4 Promoter shares of Rs. 100 each fully paid) 4,089,300 8,126,240 2,600,000 3,744,000
1.4 Civil Laghubitta Bittiya Sanstha Limited (2 Public shares of bonus received) - 1,534 - - 2.7 Nepal Electronic Payment System Limited (150,000 Promoter shares of Rs. 100 each fully paid) 15,000,000 15,000,000 15,000,000 15,000,000 2.8 Prabhu Capital Limited (15,328 Promoter shares of Rs. 100 each fully paid) 1,500,000 1,532,800 1,500,000 1,500,000 1.5 Deprosc Laghubitta Bittiya Sanstha Limited (0.41 fraction share Rs. 100 each fully paid) - 354 - - Total 44,453,800 49,910,340 22,100,000 23,244,000
1.6 Global IME Laghubitta Bittiya Sanstha Limited (1 Public shares of bonus received) 1,055 1,318 - 3. Investment in Mutual Funds 3.1 Citizen Mutual Fund-1 (1,250,300 units of Rs. 10 each fully paid) 12,503,065 12,578,018 37,978,706 31,826,134 1.7 Life Insurance Corporation Nepal Limited (12,402 Public shares of Rs. 100 each fully paid) 16,166,526 16,494,660 - - 3.2 Global IME Sammunat Scheme-1 (4,272,524 units of Rs. 10 each fully paid) 42,725,266 36,658,256 12,636,128 12,673,758 3.3 Laxmi Equity Fund (5,846,087 units of Rs. 10 each fully paid) 58,460,297 51,270,183 58,455,870 44,601,829 1.8 Neco Insurance Co Ltd (172,913 Ordinary shares of Rs. 100 each fully paid) 104,958,191 124,735,545.00 105,899,056 172,866,982 3.4 NABIL Equity Fund(2,264,272 units of Rs. 10 each fully paid) 22,642,720 21,125,658 11,265,040 10,510,282
1.9 NLG INSURANCE CO.LTD. 3.5 Nabil Balance Fund-2 (250,000 units of Rs. 10 each fully paid) 2,500,000 2,475,000 - - (175,434 Ordinary shares of Rs. 100 each fully paid) 135,554,098 115,260,138 127,566,173 82,155,792 3.6 NIC Asia Balance Fund (250,000 units of Rs. 10 each fully paid) 2,500,000 2,595,000 - - 1.10 Nepal Life Insurance Limited (117 Ordinary shares of Rs. 100 each fully paid) 116,326 147,420 - 3,604.00 3.7 NIC Asia Growth Fund (250,000 units of Rs. 10 each fully paid) 2,500,000 2,547,500 - - 3.8 NIBL Pragati Fund (2,059,064 units of Rs. 10 each fully paid) 20,587,398 16,781,372 10,298,322 7,661,952 1.11 Prime Life Insurance Limited (2 Public shares of bonus received) - 1,062 - - 3.9 NIBL Samriddhi Fund 1(2,788,255 units of Rs. 10 each fully paid) 27,882,036 27,603,725 - - 1.12 Riddhi Hydropower Development Company Limited (16 Ordinary shares of Rs. 100 each fully paid) 564 1,344 - - 3.10 NMB 50) 250,000 units of Rs. 10 each fully paid) 2,500,000 2,500,000 - - 3.11 NMB Hybrid Fund-1 (2,541,280 units of Rs. 10 each fully paid) 25,413,078 24,142,160 - - 1.13 RMDC Laghubitta Bittiya Sanstha Limited (34 Public shares of bonus - 23,834 - - received) 3.12 Sanima Equity Fund (2,900,000 units of Rs. 10 each fully paid) 29,000,000 28,797,000 - - 3.13 Siddhartha Equity Fund (1,935,696 units of Rs. 10 each fully paid) 19,356,940 19,356,960 - - 1.14 Sana Kisan Laghubitta Bittiya Sanstha Limited (73 Public shares of bonus - 94,973 - - received) 3.14 Siddhartha Investment Growth Scheme-2 (500000 units of Rs. 10 each fully paid) 5,000,000 5,000,000 - - 1.15 Siddhartha Insurance Limited (5 Public shares of bonus received) - 2,900 - - Total 273,570,800 253,430,831 130,634,066 107,273,954 1.16 Soaltee Hotel Limited (9,879 ordinary share of Rs. 100 each fully paid) 2,121,780 1,521,366 - -
1.17 Nepal Doorsanchar Comapany Limited (119,439 ordinary shares of Rs. 100 each fully paid) 79,934,830 78,232,545 88,507,473 91,766,367
Total 389,237,532 489,230,952 402,243,826 393,584,696
50 13th Annual Report 2076/077 13th Annual Report 2076/077 51 4.9 Current Tax Assets Particulars Current Year Previous Year Current Year Previous Year Current Tax Assets
Current year Income Tax Assets 1,130,285,615 1,092,129,154 - - Tax Assets of Prior Periods 11,218,528 - - Current Tax Liabilities - - Current year Income Tax Liabilities 993,470,491 958,083,276 Tax Liabilities of Prior Periods 45,000 32,732,194 - - Total 136,770,124 112,532,211 ------Particulars Current Year Previous Year
Investment in Quoted Subsidiaries Particulars Current Year Previous Year Investment in Unquoted Subsidiaries Total Investment - - Investment in Quoted Associates 60,023,000 51,023,000 Less: Impairment Allowances Investment in Unquoted Associates - - Net Carrying Amount Total Investment 60,023,000 51,023,000 Less: Impairment Allowances - - Net Carrying Amount 60,023,000 51,023,000
4.10.1: Investment in Quoted Subsidiaries
Current Year Previous Year Current Year Previous Year Particulars Cost Fair Value Cost Fair Value - - - - 1.1 Mero Microfinance Bittiya Sansatha Limited 37,023,000 403,455,052 37,023,000 46,046,000 598,598 Promoter shares of Rs. 100 each fully paid 1.2 Mahila Sahayatra Microfinance Bittiya Sanstha Limited - - - - 14,000,000 15,400,000 14,000,000 15,400,000 154,000 Promoter shares of Rs. 100 each fully paid
1.3 Swabhimaan Laghubitta Bittiya Sanstha Limited 9,000,000 109,368,000 ------111,600 Promoter shares of Rs. 100 each fully paid Total 60,023,000 528,223,052 51,023,000 61,446,000
Current Year Previous Year Current Year Previous Year
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Current Year Previous Year 3.1 Mero Microfinance Bittiya Sansatha Limited 7.00% 7.00%
3.2 Mahila Sahayatra Microfinance Bittiya Sanstha Ltd 12.76% 12.76% Current Year Previous Year 3.3 Swabhimaan Microfinance Bittiya Sanstha Ltd 14.55% -
- -
- - Current Year Previous Year Market No of - - No of Share Market Value Value Share - - 4.1 Mero Microfinance Bittiya Sansatha Limited 598,598 403,455,052 460,460 46,046,000 4.2 Mahila Sahayatra Microfinance Bittiya Sanstha Ltd 154,000 15,400,000 154,000 15,400,000 4.3 Swabhimaan Microfinance Bittiya Sanstha Ltd 111,600 109,368,000 - -
52 13th Annual Report 2076/077 13th Annual Report 2076/077 53
------
Particulars Current Year Previous Year (525,140) 3,955,630 6,308,713 94,043,725 (7,198,269) (4,055,156)
Investment Properties measured at Fair Value End 2076 Total Asar Total 969,006,392 743,976,625 214,267,702 (76,429,687) (66,644,019) 1,055,851,848 1,265,539,253 (521,562,627) (388,753,264) Balance as on Shrawan 01. 242,559,537 15,528,305 (449,088,570) ------Addition/(Disposal) during the year. 253,930,444 227,031,232 Net Changes in fair value during the year. - - (525,140) 3,955,630 2077 13,539,337 (1,125,353) Adjustment/Transfer. - - (4,055,156) 214,267,702 606,763,277 743,976,625 344,635,989 123,763,798 (16,047,141) (76,429,687) (641,677,116) (132,528,473) (449,088,570) (521,562,627) 1,055,851,848 1,076,214,783 1,076,214,783 1,265,539,253 1,717,891,899
Net Amount 496,489,981 242,559,537 Asar end Total ------Investment Properties measured at Cost - Balance as on Shrawan 01. - - 419,706 (559,182) 2,020,150
Addition/(Disposal) during the year - - others (50,840.74) 59,390,510 85,654,320 34,343,199 47,874,191 (2,230,609) (215,726,171) 116,576,683 116,576,683 228,656,656 151,748,594 151,748,594 285,816,557 367,474,764 (46,855,162) (28,257,688) (143,002,336) (169,239,874) Adjustment/Transfer - - Equipment & ------Accumulated Depreciation - - -
Accumulated Impairment Loss - -
Net Amount - - Machinery - - - - Total 496,489,981 242,559,537 - 277,703 198,089 (634,452) 1,406,811 1,406,811 3,439,144 8,341,364 Fixtures (99,785,051) 85,784,744 22,825,728 34,819,729 48,556,524 85,784,744 51,748,124 (1,133,818) (282,675.14) 126,114,758 126,114,758 Furniture & 100,983,704 185,569,795 (22,221,845) (66,163,975) (12,999,159) (77,558,234) ------225,835 (259,030) (102,645) 12,479,490 72,739,682 80,043,521 16,458,750 27,326,090 32,453,293 80,043,521 88,939,402 50,829,081 16,449,300 Vehicles Vehicles (62,876,505) (257,925.36) 142,920,026 (18,611,960) (11,195,707) (56,486,110) (13,297,758) (45,413,592) ------324,665 278,444 (95,444) (431,700) (695,026) 7,080,700 64,111,172 64,111,172 11,510,730 11,510,730 85,338,745 80,453,786 21,331,360 22,593,885 80,453,786 91,987,744 (5,569,475) (533,911.62) 166,914,621 (86,460,835) (16,857,728) (64,007,385) (69,393,860) Accessories Computer & Ashadh End 2077 ------37,772 24,390 31,482,076 52,616,632 65,614,385 35,397,227 (3,964,284) 176,668,436 179,351,694 179,351,694 204,186,228 102,590,378 341,313,109 (23,427,344) (860724.182) (14,544,430) Properties Leasehold (161,961,415) (124,051,804) (138,571,844) ------4,190,987 10,394,583 34,601,734 Building (4,554,434) (6,449,478) (3,863,228) 153,215,874 187,536,038 146,766,396 153,297,751 187,536,038 163,610,457 202,403,178 (14,867,140) (10,312,706) ------Land 6,412,300 66,635,356 311,296,406 311,296,406 311,296,406 311,296,406 311,296,406 311,296,406 238,248,750 238,248,750 304,884,106 304,884,106 Particulars Disposals Cost As on Shrawan 01, 2075 Capital Work in Progress Capital Work As on Asar end 2077 As on Adjustments of acquired entities Depreciation charge for the year Addition during the year Acquisition Net Book Value Capitalization Disposal during the year As on Asar end 2075 As on Adjustment/Revaluation As on Asar end 2076 As on As on Asar end 2077 As on Balance as on Asar end 2076 Balance as on Addition during the Year Addition during the Acquisition Capitalization Disposal during the year Adjustment/Revaluation Balance as on Asar end 2077 Balance as on Depreciation and Impairment As on Shrawan 01, 2075 Depreciation charge for the year Impairment for the year Adjustments Disposals Impairment for the year As on Asar end 2076 As on
54 13th Annual Report 2076/077 13th Annual Report 2076/077 55
------Ashadh End 2077 570
(193,315) 7,110,640 7,110,640 7,708,980 3,498,836 18,385,861 21,884,697 28,802,022 (3,484,254) (4,487,132) (13,122,226) (16,606,480) (21,093,042) 2076
Deferred tax on temporary differences on following items Total Asar end Total Loans and Advances to BFIs - - - - - Loans and Advances to Customers (AIR) ------
570 Investment Properties - - Investment Securities (Fair Value) - (40,867,573) (40,867,573) (193,315) 7,110,640 7,110,640 8,270,102 7,928,530 5,278,217 7,708,980 21,884,697 28,802,022 45,000,654 15,995,334 15,995,334 (4,487,132) (7,912,278) Property and Equipment 22,360,711 - 22,360,711 (16,606,480) (21,093,042) (29,005,320) 2077 Employees' Defined Benefit Plan 29,416,668 - 29,416,668
Total Asar end Total Lease Liabilities 1,036,282 - 1,036,282 Provisions - - - - Other Temporary Differences - -
Deferred tax on temporary differences - - 11,946,088 Deferred tax on carry forward of unused tax losses
Deferred tax due to changes in tax rate - - - Net Deferred Tax Asset (Liabilities) as on year end of 2077 - - 11,946,088 - - - Deferred Tax (Asset)/ Liabilities as on Shrawan 01 2076 - - 86,877,151 ------Origination/(Reversal) during the year - - (74,931,064) Ashadh End 2077 Deferred Tax expense (income) recognized in profit or loss - - (23,549,178) Deferred Tax expense (income) recognized in OCI - - (51,381,886) Deferred Tax expense (income) recognized directly in Equity - - - Developed ------570
Ashadh End 2076 (193,315) 7,110,640 7,110,640 7,928,530 8,270,102 5,278,217 7,708,980 28,802,022 45,000,654 21,884,697 15,995,334 15,995,334 (4,487,132) (7,912,278) (16,606,480) (21,093,042) (29,005,320)
Purchased Deferred tax on temporary differences on following items ------Loans and Advances to BFIs - - - Loans and Advances to Customers (AIR) - - - Investment Properties - - -
Goodwill Investment Securities (Fair Value) 9,262,572 - 9,262,572 Property and Equipment 23,322,659 - 23,322,659 Employees' Defined Benefit Plan 39,411,003 - 39,411,003 Lease Liabilities 2,336,693 - 2,336,693 Provisions - - - Other Temporary Differences - - -
Deferred tax on temporary differences 74,332,927 Deferred tax on carry forward of unused tax losses - - - Deferred tax due to changes in tax rate - - - Net Deferred Tax Asset (Liabilities) as on year end of 2076 - - 74,332,927 Deferred Tax (Asset)/ Liabilities as on Shrawan 01 2075 - - 33,163,681
Particulars Origination/(Reversal) during the year - - 41,169,246 Deferred Tax expense (income) recognized in profit or loss - - 40,092,004 Deferred Tax expense (income) recognized in OCI - - 1,077,242 Deferred Tax expense (income) recognized directly in Equity - - - Disposal during the year Adjustment/Revaluation Impairment for the year Addition during the year Acquisition Disposals Addition during the Year Addition during the Acquisition Depreciation and Impairment As on Shrawan 01, 2075 Depreciation charge for the year Capitalization Impairment for the year Balance as on Asar end 2076 Balance as on Capital Work in Progress Capital Work Capitalization Balance as on Asar end 2077 Balance as on Asar end 2075 As on Disposals As on Asar end 2076 As on Depreciation charge for the year As on Asar end 2077 As on Cost As on Shrawan 01, 2075 Net Book Value Disposal during the year Adjustments Adjustment/Revaluation As on Asar end 2076 As on Asar end 2077 As on Adjustments
56 13th Annual Report 2076/077 13th Annual Report 2076/077 57
Particulars Current Year Previous Year Particulars Current Year Previous Year
Assets held for Sale - - Held for Trading Other Non-Banking Assets - - Interest Rate Swap Currency Swap Bills Receivable - - Forward Exchange Contracts Accounts Receivable 159,943,934 41,353,158 Others Accrued Income - - Held for Risk Management Prepayments and Deposits 33,965,467 46,865,077 Interest Rate Swap Income Tax Deposit - - Currency Swap Deferred Employee Expenditure 109,994,662 55,340,131 Forward Exchange Contracts. Other Assets 489,023,967 946,297,377 Others Stock of Stationery 7,371,323 7,108,714 Total Advance Others 32,411,465 11,007,619
Receivable Remittance 19,144,574 9,308,130 Particulars Current Year Previous Year Receivable VISA A/C 19,944,172 6,844,497 Khandbari-Tumlingtar Rec 2,834,370 2,834,370 Institutional Customers: Transit Items (including Cheques) 149,195,140 199,898,022 Term Deposits 44,522,974,096 30,471,191,915 Call Deposits 18,677,938,979 12,648,943,148 Receivable from GON 136,432,285 53,996,035 Current Deposits 1,066,782,576 5,173,469,514 Bullion Stock 17,666,283 543,196,336 Others. 1,610,674,325 1,220,069,223 Advance for Bullion Stock - 2,009,063 Individual Customers: Spot Deal Receivable - 363,082 Term Deposits 24,997,525,173 10,553,424,081 102,165,421 108,514,580 NDF Receivable Saving Deposits 27,956,167,595 16,461,795,820 Others Asset 1,858,933 1,216,929 Current Deposits 521,275,117 316,735,016 Total 792,928,030 1,089,855,744 Others 88,275,762 194,445,657
Total 119,441,613,623 77,040,074,374
Particulars Current Year Previous Year Particulars Current Year Previous Year Money Market Deposits - - Nepalese Rupee 115,549,933,770 76,264,769,821 Interbank Borrowing - - Indian Rupee 6,176,654 3,041,425 Other Deposits from BFIs 10,350,291,413 9,217,763,323 United States Dollar 3,884,186,091 771,089,708 Settlement and Clearing Accounts - - Great Britain Pound 45,190 40,733 Others - - Euro 1,271,918 1,132,687 Total 10,350,291,413 9,217,763,323 Japanese Yen - - Chinese Yuan - - Other - - Total 119,441,613,623 77,040,074,374 Particulars Current Year Previous Year
Refinance from NRB 121,197,355 1,269,349,325 Particulars Current Year Previous Year a. Reconstruction Refinancing 121,197,355 486,433,970 Domestic Borrowings b. Project Refinancing - 782,915,356 Nepal Government Standing Liquidity Facility - - Other Institutions Lender of Last Resort facility from NRB - - Other Securities sold under repurchase agreements - - Sub Total Other Payable to NRB - - Foreign Borrowings Total 121,197,355 1,269,349,325 Foreign Banks and Financial Institutions Multilateral Development Banks Other Institutions Sub Total Total
58 13th Annual Report 2076/077 13th Annual Report 2076/077 59 4.23.1: Defined Benefit Obligation The amounts recognised in the statements of financials positions are as follows : Current Year Previous Year Particulars Current Year Previous Year
Present value of unfunded obligations 98,104,860 55,666,690 Present value of funded obligations 153,482,480 103,373,420 Total present value of obligations 251,587,340 159,040,110 Fair value of plan assets 153,531,780 41,737,720 Present value of net obligations - - Recognised liability for defined benefit obligations 98,055,560 117,302,390
Current Year Previous Year
Particulars Current Year Previous Year
Equity securities - -
Government bonds - -
Bank deposit - -
Others 153,531,780 41,737,720
Total 153,531,780 41,737,720
Particulars Current Year Previous Year Defined benefit obligations at Sawan 1 159,040,110 106,616,730 Particulars Current Year Previous Year Actuarial (Gain)/Losses (46,181,010) 24,363,620 Liabilities for emloyees defined benefit obligations (49,300) 61,635,700 Benefits paid by the plan (3,062,810) (587,880) Liabilities for long service leave 98,104,860 55,666,690 Current service costs and interest 141,791,050 28,647,640 Short term employee benefits 61,876,908 8,140,348 Defined benefit obligations at Asar end 251,587,340 159,040,110 Bills payable 100,899,580 89,053,920 Creditors and accruals 39,982,667 25,879,854 Interest payable on deposits 13,353,995 55,003,188 Interest payable on borrowing - - Liabilities on defered grant income - - Particulars Current Year Previous Year Unpaid Dividend 100,577,840 34,898,649 Fair value of plan assets at Sawan 1 41,737,720 39,642,920 Liabilities under Finance Lease - - Acquisition Adjustment 47,728,190 - Employee bonus payable 423,145,418 350,446,190 Contributions paid into the plan 61,635,700 - Other Liabilities 905,145,129 643,928,764 Benefits paid during the year (2,698,160) (305,450) Audit Fee 1,356,000 1,356,000 Actuarial (losses) gains (973,390) - Provision for expenses 30,770,786 28,030,514 Visa Debit Card Payable 6,652,619 5,432,571 Expected return on plan assets 6,101,720 2,400,250 Unearned Discount & Commission 460,720,099 324,984,153 Fair value of plan assets at Asar end 153,531,780 41,737,720 Tax deducted at source payable 170,894,695 132,789,636 Retention amount 8,565,586 10,434,992 Account Payable 100,747,549 16,080,510 Card Related Payable 24,191,756 15,463,084 Particulars Current Year Previous Year Gold Loan Commission Payable 2,627,618 3,824,524 Current service costs 19,185,750 19,859,120 NDF Payable - - Interest on obligation 21,224,850 8,788,520 Remittance Payable - - Expected return on plan assets (6,101,720) (4,852,010) Spot Deal Payable 1,575,476 - Actuarial (Gain)/Loss on Leave Encashment (10,159,910) 14,135,060 Liabilities under Operating Lease 21,256,468 7,788,978 Total 24,148,970 Other Liabilities 75,786,477 97,743,802 37,930,690 Total 1,743,037,097 1,324,653,303
60 13th Annual Report 2076/077 13th Annual Report 2076/077 61 Particulars Current Year Previous Year Current Year Previous Year
Acturial (gain)/loss (35,047,710) 12,680,320 Domestic ownership Total (35,047,710) 12,680,320 Nepal Government - - - - "A" class licensed institutions - - - - Other licensed intitutions - - - - Particulars Current Year Previous Year Other Institutions - - - - Public 49.00 6,852,772,257 49.00 4,566,127,083 Discount rate 8.50% 8.50% Other (Promoter) 51.00 7,132,477,247 51.00 4,752,499,617 Expected return on plan asset 5.00% 5.00% Foreign ownership Future salary increase 7.00% 7.00% Total 100.00 13,985,249,504 100.00 9,318,626,700 Withdrawal rate
Less than 35 years 5.00% 5.00% Particulars Current Year Previous Year More than 35 years 1.00% 1.00% Statutory general reserve 3,357,337,059 2,030,151,750 Exchange equilisation reserve 4,184,721 2,709,748
Corporate social responsibility reserve 25,087,849 46,620,195 Particulars Current Year Previous Year Capital redemption reserve - - Regulatory reserve 875,343,578 456,653,653 Debt securities issued designated as at fair value through - Investment adjustment reserve 3,500,000 1,500,000 profit or loss Capital reserve 322,211,268 - Debt securities issued at amortised cost - Assets revaluation reserve - - Total - Fair value reserve 59,716,994 (21,612,669) Dividend equalisation reserve - - Actuarial gain 656,870 (9,847,334) Special reserve - Particulars Current Year Previous Year Other reserve - - Redeemable preference shares Training and Development Fund 3,952,605 3,541,620 Deferred Tax Reserve - - Irredemable cumulative preference shares (liabilities
component Total 4,651,990,943 2,509,716,961
Others
Total Particulars Current Year Previous Year Contingent liabilities 53,861,358,357 46,617,514,924 Undrawn and undisbursed facilities 10,303,977,599 10,594,093,200 Particulars Current Year Previous Year Capital commitment 29,895,897 29,895,897 Ordinary shares 13,985,249,504 9,318,626,700 Lease Commitment 1,221,081,932 - Convertible preference shares (equity component only) - - Litigation 21,036,091 38,205,122 Total 65,437,349,876 57,279,709,142 Irredemable preference shares (equity component only) - -
Perpetual debt (equity component only) - - Total 13,985,249,504 9,318,626,700 Particulars Current Year Previous Year Acceptance and documentary credit 147,885,277 251,363,972 Bills for collection (Letter of Credit) 6,992,926,271 7,251,141,964 Particulars Current Year Previous Year Forward exchange contracts 5,691,057,029 3,958,908,280 Guarantees 39,324,478,781 34,225,777,049 Authorized Capital Underwriting commitment - - 220,000,000 Ordinary share of Rs. 100 each 22,000,000,000 22,000,000,000 Other commitments 1,705,011,000 930,323,659 Issued capital Total 53,861,358,357 46,617,514,924
139,852,495 Ordinary share of Rs. 100 each 13,985,249,504 9,318,626,700
Subscribed and paid up capital Particulars Current Year Previous Year
139,852,495 Ordinary share of Rs. 100 each 13,985,249,504 9,318,626,700 Undisbursed amount of loans 5,901,949,944 7,315,415,207 Undrawn limits of overdrafts 3,974,477,069 2,802,996,526 Total 13,985,249,504 9,318,626,700 Undrawn limits of credit cards 427,550,585 475,681,467 Undrawn limits of letter of credit - - Undrawn limits of guarantee - - Total 10,303,977,599 10,594,093,200
62 13th Annual Report 2076/077 13th Annual Report 2076/077 63
Capital expenditure approved by relevant authority of the bank but provision has not been made in financial statements Particulars Current Year Previous Year Particulars Current Year Previous Year Due to bank and financial institutions 8,053,908 20,247,554 Due to Nepal Rastra Bank 2,874,720 36,346,277 Capital commitments in relation to Property and Equipment Deposits from customers 7,581,708,078 6,181,169,703 Approved and contracted for 29,895,897 29,895,897 Borrowing - - Approved but not contracted for - - Debt securities issued - - Sub total 29,895,897 29,895,897 Subordinated liabilities - - Capital commitments in relation to Intangible assets Other Charges - - Approved and contracted for - - Total Interest expense 7,592,636,706 6,237,763,535 Approved but not contracted for - -
Sub total - - Total 29,895,897 29,895,897 Particulars Current Year Previous Year Loan administration fees 1,450,642 1,059,474 Service fees 350,490,771 347,331,274 Particulars Current Year Previous Year Consortium fees 39,938,912 31,879,590 Operating lease commitments Commitment fees 190,377 53,427 Future minimum lease payments under non cancellable operating lease, DD/TT/Swift fees 13,256,271 16,291,587 where the bank is lessee Credit card/ATM issuance and renewal fees 38,771,030 47,761,395 Not later than 1 year 156,440,259 70,906,803 Prepayment and swap fees 7,970,299 16,187,579 Later than 1 year but not later than 5 years 591,270,340 242,217,871 Investment banking fees - - Later than 5 years 473,371,333 191,098,288 Asset management fees - - Sub total 1,221,081,932 504,222,962 Brokerage fees - - Finance lease commitments Remittance fees 16,465,925 10,439,989 Future minimum lease payments under non cancellable operating Commission on letter of credit 38,641,687 50,517,119 lease, where the bank is lessee Commission on guarantee contracts issued 371,444,672 228,157,326 Not later than 1 year - - Commission on share underwriting/issue - - Locker rental 3,020,875 2,888,375 Later than 1 year but not later than 5 years - - Others 21,125,167 14,304,947 Later than 5 years - - Bancassurance Commission - 8,555,138 Sub total - - DP related Fees - 1,053,250 Grand total 1,221,081,932 504,222,962 ATM Commission - 62,200 Mobile Banking Commission - 781,404 Disputed tax payable amount filed for tax administration review in Inland Revenue Department has been disclosed as Other fees and commision income 21,125,167 3,852,955 litigation contingent liabilities. After the final tax assessment from LTO the disputed cases of FY 2071-72 and FY 2072- Total Fees and Commission Income 902,766,630 766,872,082 73 are in administrative review and the bank has filed case in Revenue Tribunal Office for the FY 2067-68 and 2068-69, 2069-70 and 2070-71.
Particulars Current Year Previous Year Particulars Current Year Previous Year ATM management fees - -
Cash and cash equivalent 10,443,542 6,653,278 VISA/Master card fees 29,309,655 23,343,647 Due from Nepal Rastra Bank - - Guarantee commission - - Placement with bank and financial institutions 115,292,733 101,669,956 Brokerage - - Loan and advances to bank and financial institutions - - DD/TT/Swift fees. 6,704,671 6,007,659 Loans and advances to customers 11,608,488,038 9,353,312,283 Remittance fees and commission 230 - Investment securities 486,434,697 338,193,480 Other fees and commission expense 35,319,778 21,924,596 Loan and advances to staff 37,379,685 22,541,726 Total Fees and Commission Expense 71,334,334 51,275,901 Other Interest Income (24,780,909) - Total interest income 12,233,257,785 9,822,370,722
Income from Loan and Advances to customer includes cash interest income, accrued interest receivable from the customers whose overdue does not exceed 365 days.
64 13th Annual Report 2076/077 13th Annual Report 2076/077 65 Outsourced Staff Expenses 26,026,070 12,154,458 Particulars Current Year Previous Year Other employee expenses 51,478,452 35,472,149
Changes in fair value of trading assets - - Subtotal 730,605,463 538,388,871 Employees Bonus 363,171,441 349,946,190 Gain/loss on disposal of trading assets - - Grand total 1,093,776,904 888,335,061 Interest income on trading assets - - Dividend income on trading assets - - Gain/loss foreign exchange transation 267,526,501 234,439,303 Particulars Current Year Previous Year
Other - - Directors' fee 2,520,000 2,210,000 Net trading income 267,526,501 234,439,303 Directors' expense 1,536,462 1,312,617 Auditors' remuneration 1,356,000 3,051,000
Statutory Audit 1,356,000 1,243,000 Particulars Current Year Previous Year Revenue Audit - 1,808,000 Foreign exchange revauation gain 3,516,164 3,336,101 Other audit related expense 428,893 1,242,135 Gain/loss on sale of investment securities 10,344,641 3,724,508 Professional and legal expense - - Fair value gain/loss on investment properties - - Office administration expense 310,370,089 246,203,191 Dividend on equity instruments 14,610,483 10,834,359 Operating lease expense 121,499,490 78,850,735 Gain/loss on sale of property and equipment 4,012,755 (44,037) Operating expense of investment properties - - Gain/loss on sale of investment property (1,972,150) - Corporate social responsibility expense 61,446,748 7,573,104 Operating lease income - - Onerous lease provisions - - Gain/loss on sale of gold and silver 5,899,199 7,759,552 Other Expenses 33,362,752 10,503,577 Other Operating Income 25,503,502 44,800,747 Other committee meeting Fees & Expenses 964,934 665,662 Total 61,914,593 70,411,231 Share Related Expenses 13,682,722 591,134 Written Off Expenses - -
Merger Related Expenses - 853,943 Particulars Current Year Previous Year Other Expenses 18,715,097 8,392,838 Impairment charge/(reversal) on loan and advances to BFIs 11,016,454 1,864,202 Total 532,520,434 350,946,358 Impairment charge/(reversal) on loan and advances to customers 755,196,957 133,475,752 Impairment charge/(reversal) on financial Investment - - 4.37.1 Office Administrative Expenses Impairment charge/(reversal) on placement with BFIs - - Particulars Current Year Previous Year Impairment charge/(reversal) on property and equipment - - Water and Electricity 23,639,375 19,478,592 Impairment charge/(reversal) on goodwill and intangible assets - - Repair and Maintenance 16,094,123 15,040,132 Impairment charge/(reversal) on investment properties - - a. Building 701,100 471,102 Total 766,213,411 135,339,954 b. Vehicle 2,462,934 2,185,270 c. Computer and accessories 540,499 601,851 d. Office Equipment and Furniture 9,885,785 10,518,622 Particulars Current Year Previous Year e. Others 2,503,805 1,263,287 Salary 311,182,783 217,692,742 Insurance 25,660,603 15,920,763 Allowances 222,883,876 155,343,050 Postage, Telex, Telephone, Fax 38,714,734 26,705,887 Gratuity Expense 18,064,240 12,793,640 Printing and Stationery 24,543,811 17,634,726 Provident Fund 32,001,465 21,528,086 Newspaper, Books and Journals 387,064 411,043 Uniform 472,500 7,897,495 Advertisement 2,475,943 4,096,443 Training & development expense 9,571,946 10,943,645 Donation 26,000 101,500 Leave encashment 6,084,730 25,137,050 Security Expenses 93,532,899 60,218,912 Medical 603,127 - Deposit and Loan Guarantee Premium 14,089,065 14,089,065 Insurance 3,304,785 2,620,174 Travel Allowance and Expenses 5,881,502 9,323,133 Employees incentive - - Entertainment - - Cash-settled share-based payments - - Annual/Special General Meeting Expenses 2,319,005 2,006,974 Pension expense - - Others 63,005,964 61,176,022 Finance expense under NFRS 16,952,406 9,116,735 a. Power & Fuel 10,072,689 8,746,086 Other expenses related to staff 109,483,605 75,316,254 Dashain Expense 31,979,083 27,689,647 b. Business Promotion 4,864,275 14,073,128
66 13th Annual Report 2076/077 13th Annual Report 2076/077 67 c. Cleaning Expenses 9,402,595 5,747,902 d. Rates and Taxes 5,767,698 5,647,802 e. Technical & Consultancy Fee 7,982,517 2,116,710 For the year ended 31 Ashadh 2077 f. Expenses for Capital Items 2,441,493 3,903,079 g. Others 22,474,699 20,941,316 Total 310,370,089 246,203,191 Net profit or (loss) as per statement of profit or loss 2,251,478,300 2,198,792,243 Appropriations:
a. General reserve (450,295,660) (439,758,449) Particulars Current Year Previous Year b. Foreign exchange fluctuation fund (879,041) (834,025) Depreciation on property and equipment 132,528,473 76,429,688 c. Capital redemption reserve - - Depreciation on investment property - - d. Corporate social responsibility fund (22,514,783) (21,987,922) Amortisation of intangible assets 7,912,278 4,487,132 e. Employees' training fund - 2,370,857 Total 140,440,750 80,916,820 f. Other 61,446,748 7,573,104 Profit or (loss) before regulatory adjustment 1,839,235,564 1,746,155,808
Particulars Current Year Previous Year Regulatory adjustment : a. Interest receivable (-)/previous accrued interest received (+) (100,831,946) (20,411,087) Recovery of loan written off - - b. Short loan loss provision in accounts (-)/reversal (+) - - Other income - - c. Short provision for possible losses on investment (-)/reversal (+) - - Total - - d. Short loan loss provision on Non Banking Assets (-)/resersal (+) (159,342,418) (143,029,676) e. Deferred tax assets recognised (-)/ reversal (+) 74,931,064 (41,169,246) Particulars f. Goodwill recognised (-)/ impairment of Goodwill (+) - -
Loan written off g. Bargain purchase gain recognised (-)/resersal (+) - - Redundancy provision h. Acturial loss recognised (-)/reversal (+) 23,876,528 (8,876,224) Expense of restructuring i. Other (+/-) 41,191,775 6,362,659 Other expense. Distributable profit or (loss) 1,719,060,566 1,539,032,234 Total
Particulars Current Year Previous Year
Current tax expense Current year 993,470,491 958,083,276 Adjustments for prior years 45,000 32,732,194 Deferred tax expense Origination and reversal of temporary differences 23,549,178 (40,092,004) Changes in tax rate - - Recognition of previously unrecognised tax losses - -
Total income tax expense 1,017,064,669 950,723,466
Particulars Current Year Previous Year
Profit before tax 3,268,542,969 3,149,515,709
Tax amount at tax rate of 30% 980,562,891 944,854,713
Add: Tax effect of expenses that are not deductible for tax purpose 63,053,798 45,989,502
Less: Tax effect on exempt income - -
Add/less: Tax effect on other items (50,146,198) (32,760,938)
Adjustment of Prior Years Tax and temporary Difference 45,000 32,732,194
Total income tax expense 993,515,491 990,815,470
Effective tax rate 30.40% 31.46%
68 13th Annual Report 2076/077 13th Annual Report 2076/077 69 5. DISCLOSURES AND ADDITIONAL the credit worthiness is also not ignored. outflows both on a day-to-day basis and over a series 5.1.6 Fair value of financial assets and liabilities of specified time periods as presented in the NRB INFORMATION Regular monitoring of the credit portfolio ensures Fair value is a market-based measurement, not an Ni.Fa.No.5.1 under NRB Directives No. 5. Similarly that the bank does not run the risk of concentration entity specific measurement. For some assets and 5.1 Risk Management different tolerance limits (Loan to Deposit Ratio, Loan of portfolio in a particular business sector or a single liabilities, observable market transactions or market to Capital Ratio etc.) are set to Manage liquidity risk. As a financial intermediary, the Bank is exposed borrower. Similarly, the bank also exercises controlled information might be available. For other assets and to array of risks through its daily operations. The investment policy with adequately equipped liabilities, observable market transactions and market Bank’s key risk exposures include credit, market, resource looking after the investment decisions. 5.1.4 Operational Risk information might not be available. However, the liquidity and operational risks. However, with the rapid The organization structure created for Credit Risk Operational risk is the risk of negative effects on objective of a fair value measurement in both cases is technological innovations/ IT based products and Management is as follows: the financial result and capital of the bank caused the same – to estimate the price at which an orderly solutions introduced by the bank, due consideration by omissions in the work of employees, inadequate transaction to sell the asset or to transfer the liability should be given to information systems risk as well. • The Board of Directors internal procedures and processes, inadequate would take place between market participants at the Proactive identification of such risk exposures is of high • The Risk Management Committee management of information and other systems, and measurement date under current market conditions importance to ensure the sustainability and profitability • Credit Risk Management Unit under Risk unforeseeable external events. (i.e. an exit price at the measurement date from the of the Bank. In response to an increasingly dynamic Management Department perspective of a market participant that holds the and competitive operating landscape, evolving risks Bank has created one separate unit of operational risk asset or owes the liability). and significant regulatory developments, there is an 5.1.2 Market Risk under Risk Management Department. Operational ongoing imperative to enhance risk management. Risk Policy and Operation Manual has been Fair values are determined according to the following Among various components of market risks, foreign developed to make its operation secure through a hierarchy: Bank’s Risk Management is the process by which exchange risk is the predominant risk, which system of procedural in each operational transaction. Level 1 management satisfied these needs by identifying key incorporates the volatility of relevant foreign exchange There is a compliance department which regularly risks, obtaining consistent, understandable, operation and the correlation of their movements with the home monitors regarding AML/CFT issues. Those derived from unadjusted quoted price in active risk measures, choosing which risk to reduce and currency. The net open position taking is done with- markets for identical assets or liabilities that the which to increase and what means and establishing in the prescribed authority limits delegated to the The Bank has developed Business Continuity plan to bank can access at the measurement date. Held for procedures to monitor the resulting risk position. treasury dealers / bank's management. Similarly, an ensure continued operation in to face the emergency, trading and available for sale investments have been effective interest risk management process is placed disaster, and crisis. The Bank has maintained in- A robust risk management framework is in place which recorded using Level 1 inputs. to mitigate gap risk and price risk. house cold site for disaster recovery. The disaster supports the efficient management and mitigation of recovery site and production server site have been Level 2 the said risk exposure. Bank risk management committee has approved the kept in well-maintained and in separate geographic Inputs other than quoted prices included within market risk policy of the Bank. As for the monitoring location. Periodic drill is conducted to assess the Risk Management Framework Level 1 that are observable for the asset or liability, of market and liquidity risk, the Bank has an active functioning of DRS. Risk is identified and managed as part of a Risk Assets and Liability Management Committee (ALCO) either directly or indirectly. This category includes Management Framework. The Board of Directors in place which meets regularly and takes stock of The bank has also performed IS audit in periodic basis instruments valued using: quoted market prices in has ultimate responsibility for the oversight of risk, the Bank’s assets and liability position and profile to identify vulnerability Assessment and Penetration active markets for similar instruments, quoted prices determining risk appetite levels, formulating risk of assets & liabilities, monitors risks arising from testing. for identical or similar instruments in markets. policies and ensuring the effectiveness of the risk changes in exchange rates in foreign currencies. All The Bank has adopted dual control mechanism in its all Level 3 management processes and procedures in place. foreign exchange positions are managed by treasury operational activities where each and every financial Inputs not based on observable data and where The Risk Management Committee assists the Board consisting of front office dealers with specific dealing and non financial transaction is subject to approval the unobservable inputs have a significant effect on in the discharge of its risk related duties and provides limits and an independent back office. The back from an authority higher than the transaction initiator. assets and liability. It includes instruments that are independent oversight of all risk related aspects by office executes the deals made by the dealers and Regular review meetings are conducted to assess the valued based on quoted prices for similar instruments ensuring the adequacy and effectiveness of the also monitors the liquidity position of the Bank. For adequacy of risk monitoring mechanism and required where significant unobservable adjustments or implementation of risk governance structures, policy the purpose of proper check and control, the front changes are made as and when felt necessary. assumptions are required to reflect differences frameworks, standards and processes. Furthermore, dealing room of treasury and the back office has Independent reconciliation unit is established to between the instruments. the Credit Committee, Anti Money Laundering different reporting line. Different types of Management conduct daily reconciliation of all Nostro/agency Committee and Audit Committee support the Board report such as Gap analysis of different interest accounts, Inter-Branch and Inter-Department account 5.2 Capital management in discharging its risk related duties. Executive sensitive assets and liability, sensitive analysis of under direct supervision of Head of Finance. The Bank committees namely, the Assets and Liabilities interest sensitive assets and liabilities is prepared has independent internal audit, which reports to the a) Qualitative Disclosures Management Committee and the Risk Management and discussed in Assets and Liability Management Audit Committee of the Bank. The Audit Committee Committee play a critical role in ensuring the effective Committee (ALCO) to monitor interest rate risk of the meets frequently and reviews the business process i. Objectives implementation of the bank’s risk management bank. and financial position of the Bank. In order to have The bank actively manages its capital to meet processes. The overall Risk Management Framework better focus on managing operational risks across regulatory norms and current and future business is divided into following five processes: 5.1.3 Liquidity Risk branches and to monitor them from central level, the needs considering the risks in its businesses, Bank has separate branch coordinator. • Risk Identification Liquidity Risk is that a bank is unable to fund the expectation of rating agencies, shareholders and increase in assets and/or meet its obligations as they • Risk Measurement investors, and the available options of raising capital. come due. Management of liquidity risk is not only 5.1.5 Capital Risk • Risk Pricing crucial to the ongoing viability of a bank; but also has ii. Organizational Set-up The bank's regulatory capital is divided into two tiers • Risk Monitoring and Control series of impact on whole banking system. A series defined by Nepal Rastra Bank. Tier I capital comprises The capital management framework of the Bank is of measures and market information are used across • Risk Mitigation mainly shareholders equity. Tier 2 capital comprises administered by the Finance Department and the the Bank to monitor both short and long term liquidity. subordinated debts and provisions/ reserves. The Risk Management Department under the supervision 5.1.1 Credit Risk Liquidity and Market Risk are monitored by ALCO and bank has developed procedures meant to ensure of the Board and the Risk Committee. Senior Management Team on a regular basis. Credit risk is the potential loss that arise from that compliance with both current and potential future customers/borrowers and counterparties failing to The board has ensured that the bank has necessary requirements are understood and that capital plans iii. Regulatory Capital honor their financial or contractual obligations to the liquidity risk management framework and bank is are aligned to business need. The bank has regularly Nepal Rastra Bank has issued Basel III transaction bank. capable of confronting uneven liquidity scenarios. The issued bonus shares and right shares to strengthen arrangement for capital ratios with effect from Mid July, bank has formulated liquidity policies, contingency its capital base to support business growth. The The bank has a guideline to assess and grade 2016 (Shrawan 2073). The phase in arrangement for funding planning which are recommended by senior bank has also acquired other financial institutions to individual counterparties based on risk. The principal banks is indicated in the following table: objectives of credit risk measurement is to produce management/ALCO and approved by the Board strengthen its capital base. the most assurance possible assessment of the credit of Directors. The bank utilizes flow measures to risk to which the bank is exposed, from the level of determine its cash position. A maturity ladder analysis individual facilities up to the total portfolio in segment estimates a bank’s inflows and outflows and thus net as well as in totality; although the qualitative aspect of deficit or surplus (GAP) over a time horizon. A maturity ladder is a useful device to compare cash inflows and
70 13th Annual Report 2076/077 13th Annual Report 2076/077 71 Basel III in Nepal a risk-based assessment methodology. Internal Audit Credit Shock, Interest Rate Shock, Exchange Rate reports regularly to the Audit Committee. The findings of Shock, Equity Price Shock and Liquidity Shock. Mid July all adverse audits are reported to the Chief Executive Transition Period Stress test aims to assess bank’s capital adequacy ratio Officer and Business Heads for immediate corrective 2018 2019 (CAR), level of non-performing loan (NPL) and liquidity actions. Minimum Common Equity Capital Ratio 4.50% 4.50% ratio under different scenarios and bank’s maximum level of tolerance capacity under each category. Capital Conservation Buffer 2.00% 2.50% l Assets and Liability Committee (ALCO) The ALCO, chaired by Chief Executive Officer, ensures a. Credit shock is assessed mainly under Minimum common equity plus capital conservation buffer 6.50% 7.00% functioning of the banking business in line with the following scenarios: Minimum Tier 1 Capital (Excluding conservation buffer) 6.00% 6.00% set procedures and processes and recommends for i. Downgrading overall loan exposures necessary steps to address the risk associated with ii. Default in real estate exposures Minimum Total Capital Excluding conservation buffer) 9.00% 8.50% liquidity, movement in interest rate, exchange rate and Minimum Total Capital (including conservation buffer ) 11.00% 11.00% equity price and other risks. iii. Default by bank’s top exposures Counter Cyclical Buffers* 0-2.5% 0-2.5.00% b. Market shock is assessd mainly under l Stress and Scenario Testing Leverage Ratio Offsite Monitoring 4.00% Migration to Pillar 1 following scenarios: Description of method i. Changes in Interest Rate of Deposit & Loan Liquidity coverage ratio LCR 100% LCR 100% Stress Test is done as per Stress Testing Guidelines ii. Exchange Rate Depreciation & Appreciation Net stable funding ratio Implemented issued by the Nepal Rastra Bank as well as internally assessed stress levels on a quarterly basis. Credit Risk iii. Fall in Equity Prices SIFI Measures NRB will issue Guidelines Stress, Market Risk Stress, and Liquidity Risk Stress are c. Liquidity Shock is assessed mainly under assessed for different scenario are assessed calibrating following Scenarios: the results of the test to the capital adequacy ratio (CAR), iv. Internal Assessment of Capital l • Withdraw of Deposit by Top Depositors Comprehensive assessment of risks non performing loans (NPL) and other factor related to The Bank’s capital management framework includes a Head of Risk Department, along with his team, is each risk driver of the bank. • Withdraw of Deposit by Certain percentage comprehensive internal capital adequacy assessment responsible for overall risk management of the Bank of Total exposure which includes managing, assessing, identifying, process (ICAAP) conducted annually which determines Stress and Scenario Analysis: monitoring and reducing pertinent macro and micro- • Default of top counter parties in lending the adequate level of capitalization for the bank to Stress test has been conducted for the categories - meet regulatory norms and current and future business economic level business risks that could interfere with Banks objective and goals and whether the Bank is in needs, including under stress scenarios. The ICAAP b) Quantitative Disclosures encompasses capital planning, identification and substantial compliance with its internal operating policies and other applicable regulations and procedures, measurement of material risks and the relationship 1. Tier 1 capital and a breakdown of its components: between risk and capital. The element of ICAAP does external, legal, regulatory or contractual requirements on internal assessment of capital as follows: a continuous basis. Further, Head of Risk Department Core Capital (Tier 1) Amount (Rs.) ensures integration of all major risk in capital assessment Paid up Equity Share Capital 13,985,249,504 l Board and senior management oversight process. Statutory General Reserves 3,357,337,059 The The Board of Directors is responsible for setting the Proposed Bonus Equity Shares - risk appetite of the bank, and ensuring that the bank’s l Risk Management Committee (RMC) business remains within the desired limits. Management Board level risk management committee has been set Share Premium 644,823 should understand the nature and level of various risks up under NRB Directive for ensuring/reviewing bank’s Retained Earnings 1,888,969,218 that the bank is confronting in the course of different risk appetite is in line with the policies. business activities and how this risk relates to capital Un-audited current year cumulative profit - levels. l Monitoring Capital Redemption Reserve 322,211,268 Monitoring and reporting of all risks, including credit, Bank management is responsible for understanding the Other Free Reserve - operation, market, liquidity and funding and interest nature and level of risk being taken by the bank and rate risks are identified, escalated and monitored. The Less: Fictitious Assets - how this risk relates to adequate capital levels. It is also Bank has an adequate system in place for monitoring Less: Intangible Assets 15,995,334 responsible for ensuring that the form and sophistication and reporting risk exposures and assessing how the of the risk management processes is commensurate Less: Deferred Tax Assets 11,946,088 changing risk profile affects the need for capital. The with the complexity of its operations. A sound risk board of directors and senior management on a regular Less: Investment in equity in licensed Financial Institutions 60,023,000 management process, thus, is the foundation for an basis receive the report regarding the risk profile of the Total Core Capital (Tier I) 19,466,447,451 effective assessment of the adequacy of a bank’s capital bank and its capital needs. All the material risks are position. The decisions made by the management are identified, measured, monitored and reported by the regularly reviewed by the Board. respective risk owner. 2. Tier 2 capital and a breakdown of its components: Supplementary Capital (Tier 2) Amount l Sound capital assessment l Internal Control Review General loan loss provision 1,527,883,150 Crucial component of an effective ICAAP is the The internal control structure of the Bank is essential Exchange Equalization Reserve 4,184,721 assessment of capital. In order to be able to make a for sound capital assessment process. Effective sound capital assessment, the bank has the following: control of the capital assessment process includes an Investment Adjustment Reserve 3,500,000 independent review and involvement of both internal as Total Core Capital (Tier II) 1,535,567,871 Policies and procedures designed to ensure that well as external audits wherever appropriate. The Bank the bank identifies, measures, and reports all is committed to conduct the regular review of its risk 3. Detailed information about the Subordinated Term Debts with information on the outstanding amount, material risks; management process to ensure its integrity, accuracy, maturity, amount raised during the year and amount eligible to be reckoned as capital funds: A process that relates capital to the level of risk; and reasonableness. The effectiveness of the Bank’s Nil internal control system is reviewed regularly by the A process that states capital adequacy goals Board, its committees, Management and Internal Audit. with respect to risk, taking account of the bank’s strategic focus and business plan; and The Internal Audit monitors compliance with policies and standards and the effectiveness of internal control A process of internal control reviews and audits structures across the Bank through its program of to ensure the integrity of the overall management business/unit audits. The Internal Audit function is process. focused on the areas of greatest risk as determined by 72 13th Annual Report 2076/077 13th Annual Report 2076/077 73 4. Deductions from Capital: ------The bank has deducted to the following items in calculation of Tier I Capital: -
Deduction from Tier I Capital Amount
Intangible Assets 15,995,334 91,050,934 241,277,141 2,821,292,428 1,279,755,944
Deferred Tax Assets 11,946,088 56,718,069,865
Investment in equity in licensed Financial Institutions 60,023,000 Risk Weighted Exposures (f=d*e) Total Deduction from Tier I Capital 87,964,422 0% 0% 0% 0% 0% 0% 0% 0% 0% 20% 20% 50% 20% 20% 50% 20% 50% 20% 100% 150% 100% 100% 150% 100% 100% 150% 5. Total Qualifying Capital: 100% Total Qualifying Capital Amount Core Capital (Tier 1) 19,466,447,451 Supplementary Capital (Tier 2) 1,535,567,871 Risk weight (e) ------Total qualifying capital 21,002,015,322
6. Capital Adequacy Ratio: 17,666,283 455,254,672 290,719,138 5,642,584,856 1,206,385,703 6,398,779,720 8,716,147,441 4,168,588,700 11,659,250,000 Capital Adequacy Ratio Percentage 56,718,069,865
Tier 1 Capital to Total Risk Weighted Exposures 12.83% (d=a-b-c) Net Value Tier 1 & Tier 2 Capital to Total Risk Weighted Exposures 13.84% ------7. Risk weighted exposures for credit risk, operational risk and market risk Risk Weighted Exposures Amount Risk weighted Exposures for Credit Risk 140,346,723,481 201,895,372 Risk weighted Exposures for Operational Risk 5,146,021,610
Risk weighted exposures for Market Risk 172,766,394 Eligible CRM (c ) ------Total Risk Weighted Exposures (Before adjustments of Pillar II) 145,665,511,485 - - Adjustment under Pillar II ALM policies & practices are not satisfactory, add 1% of net interest income to RWE - Add ....% of the total deposit due to insufficient Liquid Assets - Specific Add RWE equivalent to reciprocal of capital charge of 4 % of gross income. 1,708,490,498 provisions (b) Overall risk management policies and procedures are not satisfactory. Add 3% of RWE 4,369,965,345 ------If desired level of disclosure requirement has not been achieved, Add.....% of RWE - Total Risk Weighted Exposures (After Bank's adjustments of Pillar II) 151,743,967,328 17,666,283 455,254,672 8. Risk weighted exposure under each of 11 categories 290,719,138 5,642,584,856 1,206,385,703 6,398,779,720 8,716,147,441 4,168,588,700 11,659,250,000 56,919,965,237 Credit Risk Claim RWE (a) Book Value Claims on Govt. and Central Bank 24,852,371,562 - Claims on Other Financial Entities - - Claims on Banks 13,703,004,951 4,433,376,447 Claims on Corporate and Securities Firm 56,919,965,237 56,718,069,865 Claims on Regulatory Retail Portfolio 27,025,852,493 18,023,935,784 Claims on Secured by Residential Properties 8,515,182,959 5,177,899,626 Claims on Secured by Commercial Real Estate 5,517,673,074 5,517,673,074 Past due Claims 3,017,479,452 3,210,353,913 High Risk Claims 7,248,030,660 7,787,858,638 Lending against Securities (Bond & Shares) 2,927,418,739 2,927,418,739 Other Assets 5,342,798,601 3,412,524,046 Off Balance Sheet Items 65,437,349,876 33,137,613,349 A. Balance Sheet Exposures Total 220,507,127,603 140,346,723,481 i. Risk Weighted Exposure of Credit Risk i. Risk Weighted Claims on Domestic Corporates Claims on Foreign Corporates (ECA 0-1) Claims on Foreign Corporates (ECA Claims on foreign bank incorporated in SAARC region operating with a buffer of 1% above their respective regulatory capital requirement Claims on foreign bank (ECA Rating 7) Claims on foreign bank (ECA Claims on foreign bank (ECA Rating 3-6) Claims on foreign bank (ECA Claims on foreign bank (ECA Rating 2) Claims on foreign bank (ECA Claims on foreign bank (ECA Rating 0-1) Claims on foreign bank (ECA Claims on domestic banks that do not meet capital adequacy requirements Claims on domestic banks that meet capital adequacy requirement s Claims on Public Sector Entity (ECA 7) Claims on Public Sector Entity (ECA Claims on Public Sector Entity (ECA 3-6) Claims on Public Sector Entity (ECA Claims on Public Sector Entity (ECA 2) Claims on Public Sector Entity (ECA Claims on Public Sector Entity (ECA 0-1) Claims on Public Sector Entity (ECA Claims on Other Multilateral Development Banks Claims On BIS, IMF, ECB, EC and MDB's recognized by the Claims On BIS, IMF, framework Claims on Foreign Government and Central Bank (ECA -7) Claims on Foreign Government and Central Bank (ECA Claims on Foreign Government and Central Bank (ECA-4-6) Claims on Foreign Government and Central Bank (ECA -3) Claims on Foreign Government and Central Bank (ECA Claims on Foreign Government and Central Bank (ECA -2) Claims on Foreign Government and Central Bank (ECA Claims on Foreign Government and Central Bank (ECA 0-1) Claims on Foreign Government and Central Bank (ECA All claims on Nepal Rastra Bank Investment in Nepal Rastra Bank securities Investment in Nepalese Government Securities All Claims on Government of Nepal Gold Balance With Nepal Rastra Bank Cash Balance 9. risk weighted exposure calculation table: Total
74 13th Annual Report 2076/077 13th Annual Report 2076/077 75 ------29,839,028 97,124,900 74,865,510 603,374,111 569,105,703 742,661,784 269,046,408 846,692,920 410,022,000 147,885,277 2,468,032,824 2,927,418,739 7,787,858,638 5,517,673,074 3,210,353,913 4,908,853,218 1,722,118,352 1,882,558,119 2,772,013,920 18,023,935,784 33,137,613,348 10,327,664,131 13,856,178,816 107,209,110,132 140,346,723,481 140,346,723,481 Risk Weighted Risk Weighted Risk Weighted Risk Weighted Risk Weighted Risk Weighted Exposures (f=d*e) Exposures (f=d*e) Exposures (f=d*e) 0% 0% 0% 20% 50% 20% 10% 20% 50% 60% 50% 75% 50% 20% 20% 20% 50% 20% 50% 50% 20% 50% 50% (e) 150% 100% 100% 100% 150% 100% 150% 100% 150% 100% 150% 150% 100% 100% Risk (e) 100% 200% 100% 100% 100% 100% 100% 100% 150% 100% 150% 100% Risk weight weight ------Risk weight (e) - - - - - 205,011,000 147,885,277 (d=a-b-c) Net Value Net Value 3,016,870,555 5,691,057,029 (d=a-b-c) Net Value Net Value 3,765,116,238 1,693,385,840 2,772,013,920 8,610,591,759 63,941,953,380 10,327,664,131 27,712,357,631 211,199,911,051 211,199,911,051 49,910,340 149,195,140 120,845,075 194,249,800 742,661,784 269,046,408 ------2,468,032,824 2,927,418,739 5,191,905,759 5,517,673,074 2,140,235,942 8,181,422,030 ------24,031,914,379 147,257,957,671 (c ) (d=a-b-c) Net Value (c ) 37,800,821 95,346,678 115,592,800 Eligible CRM ------Eligible CRM 6,747,354,884 1,495,396,496 1,246,656,197 6,747,354,884 ------2,993,938,115 5,251,958,388 2,056,124,901 Specific Specific provisions (b) 2,559,861,669 2,559,861,669 provisions (b) Eligible CRM (c ) ------52,387,368 64,714,520 205,011,000 147,885,277 877,243,510 3,132,463,354 5,691,057,029 Specific 1,693,385,840 2,772,013,920 8,610,591,759 3,860,462,916 2,559,861,669 1,565,516,270 Book Value (a) Book Value 65,437,349,876 10,365,464,953 28,959,013,828 Book Value (a) Book Value 220,507,127,603 220,507,127,603 provisions (b) - - - - - 49,910,340 149,195,140 120,845,075 246,637,168 742,661,784 333,760,928 4,033,549,094 2,927,418,739 3,017,479,452 7,248,030,660 5,517,673,074 8,181,422,030 27,025,852,493 Book Value (a) Book Value 155,069,777,727 Adjustment of Pillar II) Adjustment (A)+(B) B. Off-Balance Sheet Exposures B. Off-Balance Sheet Exposures After Bank's A. Balance Sheet Exposures for credit risk Before for credit risk ( Other Assets (as per attachment) Other TOTAL Cash in transit and other cash items the process of collecti on Interest Receivable/claim on government securities Staff loan secured by residential property Investments in equity and other capital instruments of institut ions not listed in the stock exchange Investments in equity and other capital instruments of institut ions listed in stock exchange Lending against securities (bonds & shares) Foreign counterparty (ECA Rating 7) Foreign counterparty (ECA Past due claims (except for secured by residential prope rties) High Risk claims Foreign counterparty (ECA Rating 2) Foreign counterparty (ECA Rating 3-6) Foreign counterparty (ECA Foreign counterparty (ECA Rating 0-1) Foreign counterparty (ECA Claims secured by Commercial real estate LC Commitments With Original Maturity Upto 6 months domestic co unterparty Bills Under Collection Forward Exchange Contract Liabilities Revocable Commitments Claims secured by residential properties (Overdue) Regulatory Retail Portfolio (Not Overdue) Claims not fully secured by residential properties Claims on Foreign Corporates (ECA 7) Claims on Foreign Corporates (ECA Claims on Foreign Corporates (ECA 3-6) Claims on Foreign Corporates (ECA Claims on Foreign Corporates (ECA 2) Claims on Foreign Corporates (ECA Claims secured by residential properties Claims fulfilling all criterion of regularity retail except gran ularity Adjustment under Pillar II Unpaid Guarantee Claims RWE Total Irrevocable Credit commitments (long term) Claims on foreign bank incorporated in SAARC region operating w ith a buffer of 1% above their respective regulatory capital requirement Other Contingent Liabilities Total Irrevocable Credit commitments (short term) Unpaid portion of Partly paid shares and Securities Acceptances and Endorsements Financial Guarantee Advance Payment Guarantee Repurchase Agreements, Assets sale with recourse Agreements, Repurchase Underwriting commitments Lending of Bank's Securities or Posting as collat eral Foreign counterparty (ECA Rating 7) Foreign counterparty (ECA Foreign counterparty (ECA Rating 0-1) Foreign counterparty (ECA Rating 2) Foreign counterparty (ECA Rating 3-6) Foreign counterparty (ECA Bid Bond, Performance Bond and Counter guarantee domestic count erparty Foreign counterparty (ECA Rating 7) Foreign counterparty (ECA Foreign counterparty (ECA Rating 0-1) Foreign counterparty (ECA Rating 2) Foreign counterparty (ECA Rating 3-6) Foreign counterparty (ECA LC Commitments With Original Maturity Over 6 months domestic co unterparty RWE Total Add: 10% of the Loan and facilities in excess Single Obligor Limits (6.4 a 3) Add: 1% of the contract (sale) value in case sale credit with recourse (6.4 a 4)
76 13th Annual Report 2076/077 13th Annual Report 2076/077 77 i. Risk Weighted Exposure of Operational Risk 10. Amount of NPAs Particulars Year 1 Year 2 Year 3 Classification of Loan Gross NPA Net NPA Net Interest Income 1,931,054,277.52 2,665,915,437.41 3,584,607,186.95 Restructured/Rescheduled Loan - - Commission and Discount Income 725,657,785.54 666,788,095.98 766,872,082.49 Sub-Standard Loan 612,266,866 459,200,149 Other Operating Income 184,185,328.47 153,885,689.82 67,075,129.18 Doubtful Loan 613,665,186 306,832,593 Exchange Fluctuation Income 122,512,090.85 185,077,297.15 237,775,404.77 Loss Loan 482,058,721 - Additional Interest Suspense during the period (16,505,560.78) 4,990,560.27 42,488,948.71 Gross Income (a) 2,946,903,922 3,676,657,081 4,698,818,752 11. NPA ratios Gross NPA to Gross Loan & Advance 1.48% Alfa (b) 15% 15% 15% Net NPA to Net Loan & Advances 0.68% Fixed Percentage of Gross Income [c=(a*b)] 442,035,589 551,498,563 704,822,813 Capital Requirement for operational risk (d) (average of c) 566,118,989 12. Movement of Non-performing Assets Risk Weight (reciprocal of capital requirement of 11%) in times 9.09 Particulars Opening Balance Closing Balance Difference (e) Sub-standard Loan 329,010,844 612,266,866 283,256,022 Equivalent Risk Weight Exposure[f=(d*e)] 5,146,021,610 Doubtful Loan 235,522,911 613,665,186 378,142,275 PILLAR II ADJUSTMENT Loss Loan 318,442,086 482,058,721 163,616,634 If Gross Income for all the last three years is negative (6.4 a 8) - Total Credit and Investment (net of Specific Provisions) - Capital Requirement for operational risk (5%) - 13. Write off of loans and interest suspense Risk Weight (reciprocal of capital requirement of 11%) in times 0 Particulars Opening Balance Closing Balance Difference Equivalent Risk Weight Exposure[g] - Loan and Interest Suspense write-off - - - Equivalent Risk Weight Exposure [h=f+g] 5,146,021,610 14. Movements in loan loss provisions and Interest suspense ii. Risk Weighted Exposure of Market Risk i. Movement of Loan Loss Provision Open Position Exchange Open Position Relevant Open Currency (FCY) Rate (NPR) Position Particulars Opening Balance Closing Balance % Change INR 194,347,887 1.60 310,956,619 310,956,619 Pass Loan 1,036,135,041 1,040,059,501 0.38% USD 411,858 119.95 49,402,353 49,402,353 Watch list 142,610,476 487,823,649 242.07% GBP 27,171 150.68 4,094,108 4,094,108 Sub-standard Loan 82,252,711 153,066,716 86.09% EUR 32,300 136.56 4,410,923 4,410,923 Doubtful Loan 117,761,455 306,832,593 160.55% THB 31,424 3.80 119,410 119,410 Loss Loan 318,442,086 482,058,721 51.38% CHF 3,478 127.19 442,326 442,326 Personal Guarantee 6,426,000 - -100.00% AUD 27,797 83.75 2,328,021 2,328,021 ii. Movement of Interest Suspense CAD 11,312 88.02 995,713 995,713 Particulars Opening Balance Closing Balance % Change SGD 3,212 86.09 276,483 276,483 Interest Suspense 397,806,710 985,029,770 147.62% JPY 1,552,865 1.12 1,732,998 1,732,998 HKD 23,799 15.46 367,934 367,934 15. Details of additional loan loss provisions DKK 70,092 18.34 1,285,493 1,285,493 Particulars Opening Balance Closing Balance Additional Provision SEK 452 13.20 5,963 5,963 Pass Loan 1,036,135,041 1,040,059,501 3,924,460 SAR 21,458 31.73 680,854 680,854 Watch List 142,610,476 487,823,649 345,213,172 QAR 11,232 32.67 366,964 366,964 Sub-standard Loan 82,252,711 153,066,716 70,814,005 AED 23,686 32.39 767,196 767,196 Doubtful Loan 117,761,455 306,832,593 189,071,138 MYR 22,963 27.95 641,806 641,806 Loss Loan 318,442,086 482,058,720.65 163,616,634 KRW 379,710 0.10 37,781 37,781 Personal Guarantee 6,426,000 - (6,426,000) CNY 60,569 17.14 1,038,156 1,038,156 16. Segregation of investment portfolio into held for trading, held to maturity and available for sale and KWD 447 386.66 172,973 172,973 Investment in associates category BHD - - - - Investment Protfolio Amount AIR Amount at amortized Cost Total Open Position (a) 380,124,072 380,124,074 Held for Trading - - -
Fixed Percentage (b) - 5% Held for Maturity Treasury Bills - - - Capital Charge for Market Risk [c=(a*b)] 19,006,204 Development Bond 116,659,250,000 120,845,075 11,780,095,075 Risk Weight (reciprocal of capital requirement of 11%) in times (d) 9.09 Foreign Bond 1,092,531,732 19,081,361 1,111,613,093 Total 12,751,781,732 139,926,436 12,891,708,168 Equivalent Risk Weight Exposure [e=(c*d)] 172,766,394
78 13th Annual Report 2076/077 13th Annual Report 2076/077 79 Available for sale- Investment in Equity measured at FVTOCI 17. Summary of the bank’s internal approach • Designated at fair value through profit or loss to assess the adequacy of its capital to support Financial assets at fair value through OCI Particulars Cost Price Fair Value current and future activities: Financial assets measured at amortized cost Annapurna Developers Ltd. 2,000,000 2,000,000 l Overall risk of the bank is monitored by risk Banking, Finance & Insurance Institute of Nepal Ltd. 3,000,000 3,300,000 management committee and Audit Committee • Held to maturity investments where the board members are involved. • Loan and Advances Chilime Hydro power Company Ltd. 33,511,687 19,616,624 NAS 39 recognizes two classes of financial liabilities: l To ensure sound capital assessment process; the Citizen Mutual Fund-1 12,503,065 12,578,018 board, management, audit committee, internal Financial liabilities at fair value through profit or Civil Laghubitta Bittiya Sanstha Ltd. - 1,534 audit and compliance frequently monitor and loss review quality and effectiveness of the control Deprosc Laghubitta Bittiya Sanstha Ltd. - 354 and mitigate risk to protect the assets of the bank Other financial liabilities measured at amortized Divya Laghubitta Bittiya Sanstha Ltd. 11,770,000 11,770,000 regularly. cost using the effective interest rate method Global IME Laghubitta Bittiya Sanstha Ltd. 1,055 1,318 l The bank has established sound credit appraisal The category of financial liability at fair value through Global IME Sammunat Scheme-1 42,725,266 36,658,256 system and formation of committees with at profit or loss has two sub-categories: Jalpa Laghubitta Bittiyta Sanstha Ltd. 7,000,000 7,000,000 least 3 members in various levels of approval Designated by the entity as a liability at fair value of final credit disbursement. Regular site visits, through profit or loss upon initial recognition Karja Suchana Kendra Ltd. 94,500 1,181,300 analysis of market trend, value of collaterals Held for trading Laxmi Equity Fund 58,460,297 51,270,183 and adjustments in its policy accordingly, will minimize credit risks. Life Insurance Corporation Nepal Ltd. 16,166,526 16,494,660 The classification of financial assets or liabilities is l given in detail in Note 3.4 above. Nabil Balance Fund-2 2,500,000 2,475,000 The bank has set up Assets Liability Management Committee chaired by CEO to manage interest NABIL Equity Fund 22,642,720 21,125,658 rate risk, liquidity risk, exchange risk, market risk 5.4 Operating Segment Information Neco Insurance Ltd. 105,899,056 104,958,191 etc. The bank periodically performs gap analysis 5.4.1 General Information of its Assets and Liabilities to manage the liquidity Nepal Clearing House Ltd. 4,089,300 8,126,240 risks. An operating segment is a component of an entity: Nepal Doorsanchar Co. Ltd. 79,934,830 78,232,545 that engages in business activities from which Nepal Electronic Payment System Ltd. 15,000,000 15,000,000 18. Summary of the terms, conditions and main it may earn revenues and incur expenses features of all capital instruments, especially Nerude Laghubitta Bittiya Sanstha Ltd. 13,386,254 148,582,416 (including revenues and expenses relating to in case of subordinated term debts including transactions with other components of the same NIBL Pragati Fund 20,587,398 16,781,372 hybrid capital instruments entity), -Nil NIBL Samriddhi Fund 1 27,882,036 27,603,725 5.3 Classification of financial assets and whose operating results are regularly reviewed NIC Asia Balance Fund 2,500,000 2,595,000 financial liabilities by the entity’s chief operating decision maker to make decisions about resources to be allocated NIC Asia Growth Fund 2,500,000 2,547,500 NASNAS 39 requires financial assets to be classified to the segment and assess its performance, and NLG Insurance Company Ltd. 135,554,098 115,260,138 in one of the following categories: for which discrete financial information is Nepal Life Insurance Co. Ltd. 116,326 147,420 Financial assets at fair value through profit or loss available. NMB 50 2,500,000 2,500,000 • Held for Trading NMB Hybrid Fund-1 25,413,078 24,142,160 Prabhu Capital Ltd. 1,500,000 1,532,800 5.4.2 Information about profit or loss, assets and liabilities
Prime Life Insurance Co. Ltd. - 1,062 Amount in Million. Ridi Hydropower Development Co Ltd. 564 1,344 S.N. Particulars Banking Treasury Cards Others Total RMDC Laghubitta Bittiya Sanstha Ltd. - 23,834 (a) Revenue from external customers 12,079.34 914.07 54.58 417.48 13,465.47 Sana Kisan Laghubitta Bittiya Sanstha Ltd. - 94,973 (b) Intersegment revenues - - - - - Sanima Equity Fund 29,000,000 28,797,000 (c) Net Revenue 12,079.34 914.07 54.58 417.48 13,465.47 Siddhartha Equity Fund 19,356,940 19,356,960 (d) Interest Revenue - - - - - Siddhartha Insurance Limited - 2,900 (e) Interest Expense 7,584.58 8.05 - - 7,592.64 Siddhartha Investment Growth Scheme-2 5,000,000 5,000,000 (f) Net interest revenue (b) 4,494.75 906.01 54.58 417.48 5,872.83 Soaltee Hotel Ltd. 2,121,780 1,521,366 (g) Depreciation and Amortization 140.44 140.44 Surya Life Insurance Co. Ltd. 2,545,355 4,290,273 (h) Segment profit/(loss) 4,354.31 906.01 54.58 417.48 5,732.39 Grand Total 707,262,133 792,572,123 Entity's interest in the profit or loss (i) of associates accounted for using equity method - - - - - Investment in Associates (j) Particulars Amount Other material non-cash items: - - - - - (k) Impairment of assets 764.95 - 1.27 - 766.21 Mahila Sahayatra Micro Finance Development Bank 14,000,000.00 (l) Segment assets 133,900.57 18,227.67 28.60 26.16 152,182.99 Mero Microfinance Bittiya Sanstha Ltd. 37,023,000.00 (m) Segment liabilities 129,425.16 48.23 42.06 2,140.69 131,656.14 Swabhimaan Laghubitta Bittiya Sanstha Limited 9,000,000.00
Grand Total 60,023,000.00
80 13th Annual Report 2076/077 13th Annual Report 2076/077 81 5.4.3 Measurement of operating segment profit or balance, income from investment, forex income loss, assets and liabilities are reported in Corporate Office under Province 3. 5.4.7 Information about Major Customer of Mahila Sahayatra Microfinance Limited. The The bank has identified the key segments of business Segment wise depreciation is not separated and The bank’s revenue from single customer doesn’t bank also has representation of Deputy Manager on the basis of nature of operations that assists the shown in Banking as it is impracticable to segregate. exceed 10% of total revenue. Mr. Krishna Prasad Aryal as board director in Executive Committee of the bank in decision making Swabhimaan Laghubitta Sanstha Limited. Since, there is no policy regarding Intra segment process and to allocate the resources. It will help 5.5 Share options and share based payment revenue and costs, Inter-segment accounting has not the management to assess the performance of the The bank has no any share option and share based 5.7.2 Key Managerial Personnel been done. payment as on reporting date.. business segments. Investment balances, NRB The key management personnel (KMP) are those 5.6 Contingent liabilities and commitment persons having authority and responsibility of 5.4.4 Reconciliations of reportable segment revenues, profit or loss, assets and liabilities planning, directing and controlling the activities of the 5.6.1 Contingent Liabilities: entity, directly or indirectly including any directors. (a) Revenue Amount in Million Where the Bank undertakes to make a payment on Key Management Personnel of the Bank include Total revenues for reportable segments 13,047.99 behalf of its customers for guarantees issued, such members of the Board, Chief Executive Officer and top level executive managers. Followings are a list of Other revenues 417.48 as for performance bonds or as irrevocable letters st of credit as part of the Bank’s transaction banking KMP as at 31 Ashadh 2077. Elimination of intersegment revenues - business for which an obligation to make a payment Key Management Banks net revenue from reportable segments 13,465.47 S.No. Relation has not arisen at the reporting date, those are included Personnel in these financial statements as contingent liabilities. 1 Mr. Rajendra Das Shrestha Chairman (b) Profit or Loss Amount in Million Other contingent liabilities primarily include revocable Total profit or loss for reportable segments 5,732.39 letters of credit and bonds issued on behalf of 2 Mr. Udaya Mohan Shrestha Director Other profit or loss - customers to customs, for bids or offers 3 Mr. Narendra Bajracharya Director Elimination of intersegment profits - 5.6.2 Commitments: 4 Mr. Gajendra Bista Director Unallocated amounts: 1,697.63 Where the Bank has confirmed its intention to provide 5 Prof. Dr. Mangala Shrestha Director Other operating expenses 766.21 funds to a customer or on behalf of a customer in the 6 Mr. Prachanda Man Shrestha Director form of loans, overdrafts, future guarantees, whether 7 Mr. Manoj Paudel Director Profit before tax 3,268.54 cancellable or not, or letters of credit and the Bank has not made payments at the reporting date, those 8 Mr. Narayan Das Manandhar Chief Executive (c) Assets Amount in Million instruments are included in these financial statement Officer Total assest for reportable segments 152,156.83 as commitments. 9 Mr. Sanjeev Manandhar General Manager Other assets - Please refer Note No. 4.28.1 to 4.28.4 for the detail of contingent liabilities and commitments as at 31st 10 Mr. Amrit Charan Shrestha General Manager Unallocated amounts 26.16 Ashadh 2077. Entity's assets 152,182.99 11 Mr. Motikaji Tuladhar Deputy General Manager 5.6.3 Litigations: (d) Liabilities Amount in Million Litigations are anticipated in the context of business 5.7.3 Compensation to Board of Directors and Total liabilities for reportable segments 129,515.45 operations due to the nature of the transactions Key Management Personnel Other Liabilities - involved. The Bank is involved in various such legal All members of the Board are paid meeting fees actions and the controls have been established to deal Unallocated liabilities 2,140.69 and monthly allowances. Specific non-executive with such legal claims. There are pending litigations allowances paid to directors during FY 2076/77 are Entity's liabilities 131,656.14 existing as at the end of the reporting period against as under: the Large Taxpayers Office, resulting through normal business operations. 5.4.5 Information about product and services Particulars Amount in NPR The bank’s Revenue is basically derived from 3 major segments as defined by management as mentioned below: The details of litigations are presented in 4.28.5. Board Meeting Fee 3,375,000.00 Amount in Million Other Expenses 1,646,395.86 S.N Revenue 10,894.09 5.7 Related parties disclosures Total 5,021,395.86 A Banking Operation 12,079.34 The related parties of the bank as per the definition of Total financial benefit provided to Key Management NAS 24 “Related Party Disclosures” are as follows:: B Treasury 914.07 Personnel ie. Chief Executive Officer, General C Cards 54.58 5.7.1 Associate Company Manager and Deputy General Managers of the bank during FY 2076/77 are presented below: D Other services 417.48 S.No. Particulars Bank’s holding 5.4.6 Information about geographical areas 1 Mahila Sahayatra 12.73% S.No. Particulars Amount Revenue from following geographical areas is as follows: Amount in Million Microfinance Limited 1 Short term employee benefit 50,905,804.57 (a) Domestic 13,439.05 2 Mero Mircofinance 7% Bittiya Sanstha Limited Defined contribution Province 1 1,721.98 2 Post employment benefit* plan and benefit 3 Swabhimaan Laghubitta 14.55% plan Province 2 233.87 Bittiya Sanstha Limited Leave encashment Province 3 9,844.12 Other long term employee benefit is Investments in Associates have been reported in 3 Province 4 1090.42 the statement of financial position as investment in benefit provisioned as per Actuarial Valuation Province 5 500.46 Associate and the Bank’s incomes received from the associates have been reported in the income 4 Termination benefits - Province 6 12.10 statement. The existence of significant influence is 5 Share based payment - Province 7 36.10 evidenced as there is representation of the bank’s (b) Foreign 26.42 KMP on the board. The Bank’s General Manager Further, all the key management personnel are Mr. Sanjeev Manandhar is Chairman of Mero provided with vehicle facility and mobile facility as per Total 13,465.47 Microfinance Bittiya Sansthan Limited and General the staff rule of the Bank. Manager Mr. Amrit Charan Shrestha is Chairperson
82 13th Annual Report 2076/077 13th Annual Report 2076/077 83 Post Employment benefit comprises defined entity’s separate financial statements in accordance 5.12.2 Adjustment on loan Impairment contribution plan and defined benefit plan. Under with para 10 of NAS 27 which states that when an In compliance with the NRB Directives and subsequent amendment there to, specific loan loss provision were defined contribution plan Provident fund is provided entity prepares separate financial statement, it shall made based on the arrears time period and General provision were made at a specified rate directed by NRB time at 10% of basic salary. Defined benefit plan includes account for investments in subsidiaries, joint venture to time. Thus, total provision under Pass Loan as per NRB Directive No. 2 is categorized as Collective Impairment gratuity which is provisioned as per actuarial and associates either: and remaining are categorized as Individual Impairment. valuation. Gratuity fund is deposited in independent a. At cost or planned assets. S.N. Particulars FY 2076-77 FY 2075-76 b. In accordance with NFRS 9 i Loan and Advances at Amortized Cost 117,021,953,987 76,896,398,354 5.8 Merger and acquisition The Bank has used NFRS carve out for accounting ii Impairment as per NFRS 39 397,529,967 323,519,584 The Bank acquired erstwhile Kankai Bikas Bank of associates. Investment in Mero Micro Finance Limited, a “B” class financial institution on 29th Bhadra Bittiya Sanstha Ltd, Mahila Sahayatra Microfinance iii LLP as per NRB Directive No 2 2,469,841,180 1,336,188,447 Bittiya Sanstha Ltd and Swabhimaan Laghubitta 2076. The existing shareholders of then Kankai iv Higher of the above (ii & iii) 2,469,841,180 1,336,188,447 Bikash Bank Ltd were issued ordinary equity shares Bittiya Sanstha Limited are shown in investment of the bank at swap ratio of 100:71.5. All recognizable in associated due to significance influence and Charge to P/L 766,213,411 135,339,954 assets and liabilities of the acquired entity have accounted at Cost as per NAS 27 para 10. The bank been transferred in the books of accounts of Prime does not have any Joint venture. 5.12.3 Financial Assets measured at fair value through OCI Commercial Bank Limited as on date of acquisition The Bank has invested in the financial assets measured at fair value through OCI. Such investment includes equity as per NRB Merger and Acquisition Bylaws, 2073. 5.10 Events after reporting period investments and Mutual Funds. The valuation of Promoter share whose transactions are not active in the market, Profit or Loss of the acquired entity as on date of per unit cost price is assumed to be fair value. 28th Bhadra 2076 is transferred to retained earnings Bank monitors and assesses events that may have potential impact to qualify as adjusting and/or non- The difference between instruments Fair Value and Carrying Amount has been recognized in Fair Value Reserve after appropriation of all the regulatory and statutory and movement is charged to Other Comprehensive Income. adjustments. adjusting events after the end of the reporting period. All adjusting events are adjusted in the books with The Bank has also acquired then Kailash Bikas Bank additional disclosures and non-adjusting material Particulars Cost Price Maket Value Movement Limited, “B” class financial institution during this fiscal events are disclosed in the notes with possible Investment in Listed Equity 389,237,532 489,230,953 99,993,421 year. Joint operation with the acquired entity started financial impact, to the extent ascertainable. Investment in Unlisted Equity 44,453,800 49,910,340 5,456,540 from 29th Falgun 2076. The existing shareholders of then Kailash Bikas Bank Limted were issued ordinary Non adjusting Event-Disclosure Investment in Mutual Funds 273,570,800 253,430,831 ( 20,139,967) equity shares of the bank at swap ratio of 100:94 There are no material non adjusting events that have Total 85,309,991 shares. All recognizable assets and liabilities of the occurred subsequent to 31st Ashadh 2077 till the Less: Previous Year's Reserve ( 50,915,251) acquired entity have been transferred in the books of signing of this financial statement. accounts of Prime Commercial Bank Limited as on Gain from Investment measured at Fair Value through OCI 136,225,242 date of acquisition as per NRB Merger and Acquisition Adjusting Event Bylaws, 2073. Net Profit or Loss of the acquired entity There were no other material events after Balance 5.12.4 Interest Income dated 2076/12/16. as on date of acquisition are transferred to retained Sheet date affecting financial status of the Bank. earnings after appropriation of all the regulatory and As per NAS 18 para 20 Revenue is recognized to the extent that it is probable that the economic benefits statutory adjustments. 5.11 Disclosure effect of transition from 5.12.5 Transfers in Regulatory Reserve previous GAAP to NFRSs will flow to Bank and the revenue can be reliably The capital reserve is created from difference of swap measured. The cash interest income and AIR having As per the NRB Directive no 4 clause 3(kha)(a), The bank has already adopted NFRSs in mid July ratio has been duly adjusted as per NRB Bylaws. overdue date less than 365 days are recognized as the bank has deducted its retained earnings and 2018. Hence, the disclosure effect of transition from Interest Income. Similarly, the bank has complied transferred to regulatory reserve for Accrued Interest 5.9 Additional Disclosures of non consolidated Previous GAAP to NFRSs is not applicable in this with the Guideline issued by NRB “Guideline on Receivables and Loan loss provision on Non Banking entities reporting period. Recognition of Interest Income, 2019” which was Assets after deduction of Employee bonus and 5.9.1 Investment in Associates and Joint Ventures 5.12 Other Disclosures effective from 2018/2019 applicable taxes. Associates are those entities in which the Bank has significant influence, but not control over the financial Current Previous 5.12.1 Interest Capitalization in National Priority Particulars 5.12.6 Statutory Reserves and Funds and operating policies. Investments in associate Year Year Sector Project The reserves of the Bank include statutory reserves entities are accounted for using the equity method In national priority sector project loan facilities, Total AIR on Ashadh end 1,372,448,907 576,243,437 (equity-accounted investees) and are recognized and funds set aside for specific purpose as per as per the NRB Directive 2077, (2)(39), bank has Interest recovered as per NRB initially at cost. The cost of the investment includes 387,419,136 178,436,726 Banks and Financial Institutions Act, 2017 and NRB capitalized interest and recognized as income during Directive 4(3)(kha) Directives. The various reserves and funds are as transaction costs. the year. The details of interest income recognized Remaining AIR 985,029,771 397,806,710 below: As per NAS 28 para 44 An investment in an associate after obtaining pre-approval from NRB for interest capitalization are shown as follows AIR calculated but or a joint venture shall be accounted for in the i. General Reserve suspended to recognize in 229,463,343 193,516,506 Interest Income As per Section 44 of Bank and Financial Institution Act S.N. Particulars Approval Date Amount in '000' AIR recognized as income 755,566,428 204,290,205 2017, 20% of net profit is to be added in the general 1 Richet Jalbidhyut Company P. Ltd. 2075.03.17 35,876 reserve fund of the bank. During this year the bank Charge to PL 160,050,708 32,398,550 2 Rapti Hydro & General Construction Ltd. 2075.06.18 24,647 has transferred Rs. 450,295,660 from its Retained Earnings to General Reserve Fund. 3 Middle Modi Hydropower Ltd. 2074.06.17 58,556 Accrued Interest Income Outstanding as on Ashadh 4 Upper Syange Hydropower Ltd. 2076.03.30 18,104 end 2077 which have been recovered from 1st ii. Exchange Equalization Reserve 5 Greenlife Hydropower Ltd 2076.03.31 87,211 Shrawan to 29th Shrawan 2077 amounting to Rs. 387,419,136 has been recognized as interest income As per Section 45 of Bank and Financial Institution 6 Himalayan Power Partner Ltd 2076.09.18 45,719 by the bank in FY 2076-77. Act 2017, the reserve of 25% of the foreign exchange 7 Reliable Hydropower Company Pvt. Ltd 2075.06.19 24,817 To minimize the impact of COVID 19 in Nepalese gain realized on the translation of foreign currency to 8 Pan Himalaya Energy P. Ltd. 2075.12.25 51,104 economy the bank has provided the various facilities reporting currency during the year, other than Indian to its clients as per the instruction of NRB. Eligible Currency is to be created. The bank has transferred TOTAL 346,035 loan client were provided 2% interest rebate for the Rs. 879,041 as Exchange Equalization Reserve from fourth quarter of FY 2076-77. 10% rebate on interest its Retained Earnings. was also provided the clients as per NRB Notice Bai.Bi.Ni.Bi./Niti/Suchana/18/076/77 point number 6
84 13th Annual Report 2076/077 13th Annual Report 2076/077 85 iii. Corporate Social Responsibility and Earnings as reversal of provision maintained for work from home to their Covid-19 suffering staff and As per Section 47(ka) of Income Tax Act 2058, Employee Training Fund Nepal Electronic Payment System Limited. facilitates all medical and necessary assistance. dividend tax shall not be levied on the dividend distributed by the bank to the existing shareholders As per NRB Directive 6/077, clause (16), 1% of Particulars Amount 5.12.8 Proposed Dividend existing at the time of acquisition within 2 years after Net Profit of the year is required to be created as Prabhu Capital Ltd. Promoter Share 1,500,000 the date of acquisition. So, the bank has not made Corporate Social Responsibility (CSR) Fund. Balance The Board of Directors has proposed bonus share provision for the dividend tax. in this fund will be reclassified to Retained Earnings Total Opening Balance 1,500,000 of 15% on paid up capital Rs. 13,985,249,504 of the after the expenses are incurred in the subsequent Add: Provision for Annapurna bank amounting Rs. 2,097,787,425.57 vide 411th years. Similarly, as per the Directive No 6(6) the Developers 2,000,000 Board Meeting date 20th December 2020 which shall employee training & development fund is not created be approved by the Annual General Meeting. The Remaining Fund 3,500,000 during the year. The movement of the fund is shown dividend is distributed to the shareholder as on book as per below vi. Fair Value Reserve close date. During this year, fair value gain of Rs. 136,225,242 Employee has been recognized where by net amount of Rs. Particulars CSR Fund Training 95,357,669 has been transferred to reserve from Fund Retained Earnings. Additional reserve from acquired Total Opening Fund 46,620,195 3,541,620 entities of Rs. 14,028,006 transferred and total Less: Expenses in current year (61,446,748) - balance of Rs. 59,716,994. Fund created during the year 22,514,783 - vii. Actuarial Gain Fund transferred from During this year, actuarial gain of Rs. 35,047,710 has 17,399,620 410,985 acquired entities been recognized in Other Comprehensive Income and transferred net amount to Reserve of Rs. 24,533,397 Remaining Fund 25,087,849 3,952,605 from Retained Earnings.
iv. Regulatory Reserve Particulars Current Year Particulars Amount Total Opening Reserve (9,847,334) a. Interest receivable (-)/previous accrued 192,302,741 Fund created during the year 24,533,397 interest received (+) Fund transferred from acquired b. Short loan loss provision on Non 158,557,981 entities (14,029,194) Banking Assets (-)/reversal (+) Remaining Fund 656,869 c. Deferred tax assets recognized (-)/ 74,332,927 reversal (+) 5.12.7 COVID Impact and Relief provided by the d. Actuarial loss recognized (-)/reversal (+) 9,847,334 bank e. Fair value loss recognized (-)/reversal (+) 21,612,669 Even though, the second half of the fiscal year began Opening Regulatory Reserve as on with excitement of Visit Nepal 2020, the Global 456,653,653 Ashadh 2076 pandemic COVID 19 around the globe imperils Addition from acquired entities 298,514,928 the Nepal’s high economic growth ambitions. The government of Nepal has put the stay-at-home order Add: to control the spread of Covid-19 by maintaining social a. Interest receivable (-)/previous accrued distance. The measures taken to control the spread 100,831,946 interest received (+) of COVID-19 resulted the economy in hardship b. Short loan loss provision on Non especially in hospitality, transport, educations, and 159,342,418 Banking Assets (-)/reversal (+) productive sectors. c. Deferred tax assets recognized (-)/ Beyond the obvious health concerns the spread of (74,931,064) reversal (+) corona virus presents major challenges for many of d. Negative Fair Value Reserve and the borrowers have faced several hardships to meet (41,191,775) Actuarial Gain/Loss the loan commitment of the bank. Central bank has also assisted the stabilization of the financial market e. Negative Actuarial Gain/Loss (23,876,528) by issuing several circulars/directives for providing Total Regulatory reserve created during relaxation to the borrowers such as interest rebate, 120,174,998 Ashadh 2077 lower interest rate, working capital funding etc. Total Regulatory reserve as on Ashadh 875,343,578 The bank has complied with the notices, circulars and end 2077 directives of Nepal Rastra Bank to mitigate the COVID The reversal of loss on fair value through OCI till impact in the economy. The bank has provided the previous year of Rs. 41,191,775 is done during this 10% rebate on interest of Rs. 24,780,909 as per NRB fiscal year to Retained Earnings. Similarly, reversal Notice Bai.Bi.Ni.Bi./Niti/Suchana/18/076/77 point of deferred tax assets and actuarial loss of previous number 6 dated 2076/12/16. year of Rs. 74,931,064 and 23,876,528 was done Similarly, the bank has provided 2% interest rebate respectively to the Retained Earnings. Interest to the eligible loan customers effective for the fourth receivable and short loan loss provision on NBA was quarter of the fiscal year of Rs. 471,821,742 The transferred to regulatory reserve net off bonus and bank has also stopped interest on interest and penal tax. interest calculation till Ashadh 2077. v. Investment Adjustment Reserve Due to Covid-19, different branches and department Investment Adjustment Reserve is to be created as has remained closed affecting the regular business. per the regulatory requirement of NRB Directive no 8. Further, employees of bank are highly risky from During the year Rs. 2,000,000 has been transferred suffering Covid-19 and thereby bank has facilitated from Investment Adjustment Reserve to Retained
86 13th Annual Report 2076/077 13th Annual Report 2076/077 87 Prime Commercial Bank Limited Prime Commercial Bank Limited For the year ended on 31 Ashadh 2077 List of Promoter Share Pledged List of shareholders holding 0.5% and above shares As on 31 Ashadh 2077
S.No. Share holdings name Total Share holdings Percentage S.N Pledged Free S.N Pledged Free Share Holder's Name Held Shares Share Holder's Name Held Shares Shares Balance Shares Balance 1 Umesh Shrestha 4,335,161.00 3.10% 1 Adya Prasad Subedi 15,847 15,847 - 45 Mahesh Kumar Murarka 57,199 49,310 7,889
2 Vinod Chandra Varal 1,878,343.00 1.34% 2 Ananda Bahadur Shrestha 62,460 62,460 - 46 Malati Bajracharya 185,148 146,148 39,000 3 Krishna Puri 1,438,882.00 1.03% 3 Ang Dendi Sherpa 173,889 149,860 24,029 47 Man Bahadur Budhathoki 135,622 135,622 - 4 Subash Shrestha 1,219,807.00 0.87% 4 Anil Bhakta Shrestha 62,447 53,834 8,613 48 Manju Agarwal 467,983 403,434 64,549 5 Anil Kumar Shrestha 46,845 40,384 6,461 49 Manoj Kumar Shrestha 45,905 45,905 - 5 Roshan Shrestha 1,214,744.00 0.87% 6 Anita Kumari Saunthalia 146,820 110,000 36,820 50 Min Man Shrestha 281,071 281,071 -
6 Bikram Pandey 1,210,926.00 0.87% 7 Anjalee Pradhan 504,600 504,000 600 51 Mohan Sundar Shrestha 29,735 25,634 4,101 7 Sushila Mittal 1,017,409.00 0.73% 8 Ashok Kumar Baidya 62,460 53,845 8,615 52 Naresh Dugar 390,182 162,535 227,647 9 Bandana Thapaliya 156,149 134,612 21,537 53 Navin Baidya 2,922 2,847 75 8 Sundar Narayan Joshi 991,369.00 0.71% 10 Basanta Nath Pant 10,161 8,760 1,401 54 Navin Vaidya 114,462 113,308 1,154
9 Saileja Bajracharya 981,462.00 0.70% 11 Bhupendra Man Pradhan 271,763 148,907 122,856 55 Posh Raman Chapagain 31,633 31,633 - 10 Shyam Bahadur Shrestha 965,870.00 0.69% 12 Bidhya Sharma Luitel 25,407 21,903 3,504 56 Pramila Devkota Pandey 124,919 84,551 40,368 13 Bijay Rajbhandari 99,460 48,116 51,344 57 Pramila Maharjan 87,997 76,860 11,137 11 Narendra Bajracharya 951,723.00 0.68% 14 Birendra Bajracharya 206,682 17,320 189,362 58 Purushottam Manandhar 230,576 88,000 142,576 12 Manohar Das Mool 941,805.00 0.67% 15 Captive Investment Company 137,335 112,046 25,289 59 Rajan Kumar Pokharel 29,512 29,512 - Pvt.Ltd 13 Sanendra Bajracharya 941,803.00 0.67% 60 Rajani Pradhan 72,726 72,726 - 16 Chandra Singh Saud 77,329 66,663 10,666 61 Rajaram Parajuli 22,696 22,696 - 14 Anjalee Pradhan 895,902.00 0.64% 17 Deepak Man Shrestha 80,405 69,314 11,091 62 Rajesh Lal Shrestha 21,302 18,364 2,938 15 Raju Kumar Shrestha 882,942.00 0.63% 18 Dinesh Bhakta Shrestha 62,447 42,389 20,058 63 Rajesh Shrestha 658,665 658,665 - 19 Dinesh Prasad Shrestha 62,459 44,081 18,378 16 Naresh Lal Shrestha 862,369.00 0.62% 64 Rajuram Silawal 93,692 80,769 12,923 20 Dipak Man Shrestha 205,747 205,713 34 17 Mahesh Rajkarnikar 778,401.00 0.56% 65 Ram Maya Pathak 37,472 37,472 - 21 Dipak Tuladhar 55,940 46,536 9,404 66 Ram Prasad Shrestha 156,148 98,838 57,310 18 Rajesh Shrestha 763,491.00 0.55% 22 Diwas Rai 49,839 49,839 - 67 Rashmi Pradhan Chapagain 44,026 44,026 - 19 Mahendra Ratna Shakya 722,508.00 0.52% 23 Durga Prasad Prasai 148,555 148,555 - 68 Ratnakaji Maharjan 62,460 53,845 8,615 24 Fadindra Acharya 17,209 17,209 - 20 Chiranjivi Dwa 707,966.00 0.51% 69 Ritesh Kumar Agarwal (Saraf) 199,929 160,000 39,929 25 Geeta Shrestha 22,098 22,098 - 70 Rojena Shrestha (Shaha) 218,606 218,606 - 26 Gita Devi Subedi 61,144 61,144 - The above figures are before the adjustment of bonus shares 71 Roshan Shrestha 890,048 837,282 52,766 27 Gunja Prasad Shrestha 58,323 48,591 9,732 72 Sabita Agrawal 111,082 92,511 18,571 28 Gyanendra Man Manandhar 31,224 17,781 13,443 73 Sanendra Bajracharya 593,369 511,525 81,844 29 Hari Prasad Pathak 93,690 93,690 - 74 Santosh Pathak 31,224 31,224 - 30 Hari Raj Bimali 125,170 100,000 25,170 75 Satish Shrestha 62,460 53,845 8,615 31 Hem Nidhi Sharma 5,191 4,475 716 76 Sharad Chenka 251,107 213,107 38,000 32 Jagan Bahadur Gurung 62,460 62,460 - 77 Shrijana Sharma 12,490 9,304 3,186 33 Janani Shrestha 106,178 91,533 14,645 78 Subash Shrestha 890,046 767,282 122,764 34 Jayandra Chudal 91,188 91,148 40 79 Sunil Bhakta Shrestha 62,463 53,848 8,615 35 Jeewan Kumar Agrawal 58,321 47,602 10,719 80 Suresh Kumar Agrawal 129,989 112,060 17,929 36 Kalpana Nepal 2,594 2,237 357 81 Sushila Mittal 644,742 31,836 612,906 37 Kamala Devi Shrestha 312,297 269,222 43,075 82 Tejendra Man Malla 150,000 150,000 - 38 Khushboo Shrestha 218,608 218,608 - 83 Uma Shah 29,737 29,737 - 39 Kiran Kumar Ghimire 2,090 1,746 344 84 Umesh Shrestha 2,723,242 1,161,000 1,562,242 40 Kumar Bahadur Khatri 62,460 47,903 14,557 85 Usha Bhusal 6,908 5,956 952 41 Kumud Kumar Dugar 390,182 325,073 65,109 86 Usha Thapa Silwal 156,149 156,148 1 42 Laxman Thapa 62,460 43,748 18,712 87 Vikas Dugar 390,182 325,073 65,109 43 Madan Kumar Shrestha 67,295 30,000 37,295 88 Vinay Kumar Todi 54,078 46,619 7,459 44 Madhav Prasad Parajuli 326,220 226,220 100,000
88 13th Annual Report 2076/077 13th Annual Report 2076/077 89 Prime Commercial Bank Limited Prime Commercial Bank Limited Interim Financial Results (Quarterly) Condensed Statement of Profit or Loss Condensed Statement of Financial Position For the Quarter Ended Ashadh 2077
As on Quarter Ended Ashadh End 2077 Amount in NPR
Current Year Previous Year Corresponding Particulars Upto This Upto This Quarter This Quarter This Quarter Amount in NPR Quarter (YTD) (YTD) Interest Income 3,591,183,965 12,210,421,226 2,613,335,461 9,822,370,722 This Quarter Ending Immediate Previous Year Ending Interest Expense 2,314,230,862 7,592,610,456 1,630,258,635 6,237,763,535 Assets Net Interest Income 1,276,953,103 4,617,810,771 983,076,827 3,584,607,187 Cash and Cash Equivalents 10,379,968,108 5,304,763,277 Fee and Commission Income 184,607,886 902,550,794 151,046,303 766,872,082 Due from Nepal Rastra Bank 8,716,147,441 7,807,981,176 Fee and Commission Expense 33,889,527 69,661,334 23,463,040 51,275,901 Placement with Bank and Financial Institutions 2,260,117,991 1,118,729,717 Net Fee and Commission Income 150,718,360 832,889,460 127,583,263 715,596,181 Derivative Financial Instruments - - Net Interest, Fee and Commisson Income 1,427,671,463 5,450,700,230 1,110,660,090 4,300,203,368 Other Trading Assets - - Net Trading Income 74,072,127 267,526,501 61,649,653 234,439,303 Loans and Advances to B/FIs 4,122,879,152 3,014,808,270 Other Operating Income 10,598,812 61,856,098 21,270,090 70,411,231 Loans and Advances to Customers 110,454,295,534 72,545,401,637 Total Operating Income 1,512,342,403 5,780,082,829 1,193,579,833 4,605,053,902 Investment Securities 13,684,280,894 10,142,156,518 Impairment Charge/ (Reversal) for Loans 579,670,083 782,960,207 (207,020,985) 135,339,954 and Other Lossess Current Tax Assets 172,838,831 112,532,211 Net Operating Income 932,672,320 4,997,122,621 1,400,600,818 4,469,713,948 Investment in Subsidiaries - - Operating Expense Investment in Associates 60,023,000 51,023,000 Personnel Expenses 300,672,360 1,080,277,143 310,138,224 888,335,061 Investment Property 495,844,517 242,559,537 Other Operating Expenses 201,947,743 505,877,882 117,232,213 350,946,358 Property and Equipment 1,065,435,431 743,976,625 Depreciation & Amortisation 56,154,602 140,734,397 22,999,854 80,916,820 Goodwill and Intangible Assets 15,995,335 7,708,980 Operating Profit 373,897,614 3,270,233,198 950,230,528 3,149,515,709 Deferred Tax Assets 48,826,751 74,332,927 Non Operating Income - - - - Other Assets 743,013,458 1,089,855,744 Non Operating Expense - - - - Total Assets 152,219,666,442 102,255,829,620 Profit Before Income Tax 373,897,614 3,270,233,198 950,230,528 3,149,515,709 Liabilities Income Tax Expense 111,770,197 977,430,622 299,343,237 950,723,466 Due to Bank and Financial Institutions 10,350,291,413 9,217,763,323 Current Tax 111,770,197 977,430,622 339,435,241 990,815,470 Due to Nepal Rastra Bank 121,197,355 1,269,349,325 Deferred Tax - - (40,092,004) (40,092,004) Derivative Financial Instruments - - Profit/(Loss) for the Period 262,127,417 2,292,802,576 650,887,291 2,198,792,243 Deposits from Customers 119,441,613,623 77,040,074,374 Condensed Statement of Comprehensive Borrowings - - lncome Current Tax Liabilities - - Profit/(Loss) for the period 262,127,417 2,292,802,576 650,887,291 2,198,792,243 Provisions - - Other Comprehensive lncome 34,239,274 95,358,091 (2,513,565) (2,513,565) Deferred Tax Liabilities - - Total Comprehensive lncome 296,366,690 2,388,160,668 648,373,726 2,196,278,678 Other Liabilities 1,760,627,693 1,324,653,303 Basic Earnings per Share - 16.39 - 23.60 Debt Securities Issued - - Diluted Earnings per Share - 16.39 - 23.60 Subordinated Liabilities - - Profit Attributable to: Total Liabilities 131,673,730,084 88,851,840,326 Equity-holders of the Bank 262,127,417 2,292,802,576 650,887,291 2,198,792,243 Equity Non-Controlling Interest - - - - Share Capital 13,985,249,504 9,318,626,700 Total 262,127,417 2,292,802,576 650,887,291 2,198,792,243 Share Premium 644,823 - Retained Earnings 1,764,348,421 1,575,645,633 Reserves 4,795,693,610 2,509,716,961 Total Equity Attributable to Equity Holders 20,545,936,358 13,403,989,294
Non Controlling Interest - - Total Equity 20,545,936,358 13,403,989,294 Total Liabilities and Equity 152,219,666,442 102,255,829,620
90 13th Annual Report 2076/077 13th Annual Report 2076/077 91 Ratio as per NRB Directives Current Year Previous Year Corresponding Comparison Unaudited and Audited Financial Statements as of FY 2076/77 Particulars Upto This Upto This This Quarter This Quarter Quarter(YTD) Quarter(YTD) Capital Fund to RWA 13.40% 12.76%
Non-Performing Loan (NPL) to total Loan 1.54% 1.00%
Total Loan Loss Provision to Total NPL 140.42% 175.58% Cash and Cash Equivalents 10,379,968 10,379,968 - - Cost of Funds 7.14% 7.90% Due from Nepal Rastra Bank 8,716,147 8,716,147 - - Credit to Deposit Ratio 74.54% 77.03% Placement with Bank and 2,260,118 2,260,118 - - Base Rate 8.62% 10.03% Financial Institutions Derivative Financial Interest Rate Spread (as per NRB directive) 4.22% 4.32% - - - - Instruments Other Trading Assets - - - - Notes to Interim Financial Statements Regrouping and reclassification of Loans and Advances to B/FIs 4,122,879 4,116,320 (6,559) -0.16% 1. Above financial statements has been prepared as per NRB format and are NFRS compliant.The bank has assets Changes in Loan Loss Provision applied carve-out issued by ICAN. Loans and Advances to 110,454,296 110,435,793 (18,502) -0.02% after statutory audit and regularity Customers 2. Previous period figure have been regrouped / rearranged / restated wherever necessary. requirement. 3. Loan and Advances include interest receivables, stafff loan and are presented net of impairment charges. Investment Securities 13,684,281 13,684,280 (1) - 4. Equity Investment and Mutual Fund are categorized as available for sale and are measured at fair value through Current Tax Assets 172,839 136,770 (36,069) -20.87% Finalization of tax figure as per Act. OCI. Investment in Subsidiaries - - - - 5. The bank has acquired Kankai Bikash Bank Limited on 29th Bhadra 2076 and Kailash Bikas Bank Limited on 29th Investment in Associates 60,023 60,023 - - Falgun 2076. The necessary adjustement has been done accordingly. Investment Property 495,845 496,490 645 0.13% Adjustment of NBA expenses 6. Above figures are subject to change upon otherwise instructions of StatutoryAuditor and/or Regulatory Property and Equipment 1,065,435 1,076,215 10,779 1.01% Adjustment after statutory audit Authorities. Goodwill and Intangible Assets 15,995 15,995 (0) - 7. The detail interim financial report has been published in the Bank's website: www.primebank.com.np Finalization of deferred tax after Deferred Tax Assets 48,827 11,946 (36,881) -75.53% statutory audit Regrouping and reclassification of Other Assets 743,013 792,928 49,915 6.72% assets Total Assets 152,219,666 152,182,994 (36,672) Capital and Liabilities Due to Bank and Financial Institutions 10,350,291 10,350,291 - - Due to Nepal Rastra Bank 121,197 121,197 - - Derivative Financial Instruments - - - - Deposits from Customers 119,441,614 119,441,614 - - Borrowings - - - - Current Tax Liabilities - - - - Provisions - - - - Deferred Tax Liabilities - - - - Other Liabilities 1,760,628 1,743,037 (17,591) -1% Changes after actuarial valuation Debt Securities Issued - - - - Subordinated Liabilities - - - - Total Liabilities 131,673,730 131,656,139 (17,591) Equity - - Share Capital 13,985,250 13,985,250 - - Share Premium 645 645 - - Retained Earnings 1,764,348 1,888,969 124,621 7% Change in profit after statutory audit Change in profit after statutory audit Reserves 4,795,694 4,651,991 (143,703) -3% and other regulatory adjustments Total Capital and Liabilities 152,219,666 152,182,994 36,672
92 13th Annual Report 2076/077 13th Annual Report 2076/077 93 g]kfn /fi6« a}+saf6 hf/L PsLs[t lgb]{lzsf @)&^ sf] lgb]{zg g+ @) a'+bf g+ ( ;+u ;DalGwt ljj/0f
;]jfu|fxLnfO{ kg]{ c;'ljwf tyf ;j{;fwf/0fsf] u'gf;f] ;'g'jfO{ ug{ o; a}+sn] æ;"rgf tyf u'gf;f] ;'g'jfO{ 8]:sÆ :yfkgf u/L Adjustment of amortization of prepaid Interest Income 12,210,421 12,233,258 22,837 0.19% employee benefit ;]jfu|fxL tyf ;j{;fwf/0fsf] u'gf;f] ;'g'jfO{ ub}{ cfPsf] 5 . ;]jfu|fxL tyf ;j{;fwf/0fsf] u'gf;f] ;'gjfO{sf nflu a}+sn] ljleGg Interest Expense 7,592,610 7,592,637 26 - dfWodx?sf] Joj:yf u/L u'gf;f] ;'gjfO{ ul//x]sf] 5 . o; a}+sn] u'gf;f]x?sf] ;'g'jfOsf] nflu lgDg Joj:yf u/]sf] 5 M Net Interest Income 4,617,811 4,640,621 22,810 - j]a;fO{6 M https://www.primebank.com.np/grievance/user/index Fee and Commission Income 902,551 902,767 216 0.02% Due to reclassification of income head O{d]n M [email protected] Due to reclassification of expense Fee and Commission Expense 69,661 71,334 1,673 2.40% head Net Fee and Commission a}+ssf] u'gf;f] ;'Gg] clwsf/Lsf] ljj/0f a}+ssf] j]a;fO{6 tyf a}+ssf zfvf sfof{nox?df /flvPsf] 5 . 832,889 831,432 (1,457) - Income u'gf;f] ;'Gg] clwsf/Lsf] ljj/0f b]xfo jdf]lhd /x]sf] 5 . Net Interest, Fee and 5,450,700 5,472,053 21,353 - Commisson Income gfd M >L k|zfGt 8+uf]n Net Trading Income 267,527 267,527 - 0.00% kb M sf= d'= ;xfos dxfk|aGws Other Operating Income 61,856 61,915 58 0.09% Due to reclassification of head kmf]g gDa/ M )!—$$@#@!% Total Operating Income 5,780,083 5,801,494 21,412 0.37% Ext : @!^% Impairment Charge/ (Reversal) 782,960 766,213 (16,747) -2.14% Changes after regulatory requirement df]afO{n gDa/ M (&& —(*%!)(!^)@ for Loans and Other Lossess and statutory audit. Net Operating Income 4,997,123 5,035,281 38,158 - Operating Expense cf=j= @)&^÷&& df ;]jfu|fxL tyf ;j{;fwf/0faf6 k|fKt ePsf] u'gf;f]x?sf] ljj/0f Due to changes in profit before bonus ;]jfu|fxL tyf ;j{;fwf/0fsf] u'gf;f] ;'gjfO{sf nflu a}+sn] Joj:yf u/]sf] ljleGg dfWodx?af6 cf=j= @)&^÷&& df u|fxsaf6 Personnel Expenses 1,080,277 1,093,777 13,500 1.25% and tax Increased in CSR expenses after k|fKt ePsf] u'gf;f $! j6f /x]sf]df $! j6} u'gf;f] ;'g'jfO{ eO;s]sf] 5 . Other Operating Expenses 505,878 532,520 26,643 5.27% reporting date Adjustment of expenses after statutory Depreciation & Amortisation 140,734 140,441 (294) -0.21% audit Operating Profit 3,270,233 3,268,543 (1,690) Non Operating Income - - - - Non Operating Expense - - - - Profit Before Income Tax 3,270,233 3,268,543 (1,690) Income Tax Expense Recalculation of tax as per Income Tax Current Tax 977,431 993,515 16,085 1.65% Act 2058 Calculation of defered tax after Deferred Tax - 23,549 23,549 100% statutory audit. Profit for the Year 2,292,803 2,251,478 (41,324) -1.80%
94 13th Annual Report 2076/077 13th Annual Report 2076/077 95 As on 31 Ashadh 2077
2076/77 2075/76 2074/75 2073/74 2072/73 (NFRS) (NFRS)
1 Net Profit/Total Income Percent 16.72 20.18 18.01 22.84 25.02
2 Earnings Per Share Rs. 16.10 23.60 21.49 23.21 30.11
3 Market Value Per Share Rs. 255 278 287 421 746
4 Price Earning Ratio Ratio 15.84 11.78 13.36 18.14 24.77
Dividend in Share Capital 5 Percent 15.00 16.00 16.00 27.00 17.25 (Including Bonus)
6 Cash Dividend in Share Capital Percent - - - - 0.91
Interest Income/Loan and 7 Percent 10.05 12.16 11.51 8.63 8.46 Advances Staff Expenses/Total Operating 8 Percent 52.05 55.49 52.96 48.75 45.22 Expenses Interest Expenses in Total 9 Percent 5.85 7.23 7.25 4.98 4.07 Deposit FX Fluctuation Gain/Total 10 Percent 2.01 2.18 1.93 1.91 2.26 Income Staff Bonus/Total Staff 11 Percent 33.20 39.39 38.75 42.92 43.32 Expenses
12 Net Profit/Loan and Advances Percent 1.95 2.86 2.43 2.50 2.72
13 Net Profit/Total Assets Percent 1.48 2.15 1.82 1.89 2.05
14 Total Loan/Deposits Percent 88.97 89.15 87.53 89.12 85.00 Total Operating Expenses/Total 15 Percent 1.16 1.29 1.03 0.74 0.85 Assets 16 Capital Adequacy Ratio: A. Core Capital Percent 12.83 11.97 11.43 12.45 10.76 B. Supplementary Capital Percent 1.01 0.80 0.80 0.83 0.84 C. Total Capital Fund Percent 13.84 12.76 12.24 13.28 11.60
17 Liquidity ( CRR ) Percent 7.25 9.83 11.42 13.27 10.97
Non-performing Loan/Total Loan 18 Percent 1.48 1.00 0.85 0.88 1.23 (as per NRB)
Weighted Average Interest Rate 19 Percent 4.22 4.32 4.23 3.45 3.34 Spread
20 Book Net worth Rs. 146.78 143.84 139.52 149.16 145.84
21 Total Share of PCBL Number 139,852,495 93,186,267 80,332,989 63,254,322 37,052,623
22 Total Staff Number 1469 725 691 571 390
23 Base Rate Percent 8.62 10.03 10.47 10.64 6.93
24 No of Branches (including EC) Number 184 73 64 55 32
25 No of ATM Number 103 46 36 33 26
96 13th Annual Report 2076/077 13th Annual Report 2076/077 97 a}++ssf] k|jGwkq tyf lgodfjnLdf k|:tfljt ;+zf]wg k|j
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;+zf]wg ug{' k/]sf] sf/0f lgod #@-u_ a}+ssf] sfdsf] l;nl;nfdf lgod #@-u_ a}+ssf] sfdsf] l;nl;nfdf ;+rfnsx?nfO{ k|bfg ul/g] b}lgs tyf ;+rfnsx?nfO{ k|bfg ul/g] b}lgs tyf e|d0f e|d0f eQf b]xfo adf]lhd x'g]5 . eQf b]xfo adf]lhd x'g]5 . ASON BRANCH BAGBAZAR BRANCH Ason Kamalakchi, Kathmandu Bagbazar, Kathmandu eQf :jb]zdf eQf tyf :jb]zdf g]kfnL ef/tdf –ef/tLo Phone: 4222678/4221934 Fax: 4221945 Phone: 4252260/4252229, Fax: 4252221 tyf g]kfnL ef/tdf –ef/tLo ?k}ofdf Branch Manager: Mr. Shiva Sankhar Jha Branch Manager: Mr.Manish Dahal ;'ljwf ?k}ofdf ?k}ofdf ;'ljwf ?k}ofdf Email: [email protected] Email: [email protected] ;do lbNnL / d'DjO{ zx/sf] ?= ^,)))÷– ?= ()))÷– ;fk]If ?kdf BALAJU BRANCH BANEPA BRANCH nflu ?= ^)))÷– -5 xhf/ ?k} - gf} xhf/ Machhapokhari Chowk, Balaju, Kathmandu Banepa a9fpg' kg]{ Phone: 4354181,Fax: 4386909 Phone: 011-660701/11, Fax: 011-660733 -5 xhf/_, k'gf, of_ jf jf:tljs ?k}of_ jf ePsfn] Branch Manager: Mr.Shiva Amatya Branch Manager: Mr. Aman Pote Shrestha db|f;, x}b/fjfb, a+Unf]/ vr{ eO{ ljn k]z jf:tljs vr{ eO{ Email: [email protected] Email: [email protected] b}lgs c #)))÷– snsQfsf] nflu ? c b}lgs eQf ePsf]df tf]lsPsf] ljn k]z ePsf]df eQf BHAKTAPUR BRANCH BANIYATAR BRANCH $%,))÷– -rf/xhf/ b}lgs eQfdf !=% tf]lsPsf] b}lgs Surya Binayak,Bhaktapur Baniyatar, Tokha Municipality kfFr;o_ / cGo :yfgsf] u'0ff eGbf al9 eQfdf !=@% u'0ff Phone: 01-6620205 Phone: 01-5158138, 01-5158259 Branch Manager: Mr. Shyam Kumar Shrestha Branch Manager: Mr. Prabin Shrestha nflu #)))÷–-tLg xhf/ gx'g] u/L . eGbf al9 gx'g] Email: [email protected] Email: [email protected] dfq_ u/L . BHAKTAPUR 2 BRANCH BANASTHALI BRANCH Chyamashing, Bhaktapur Banasthali, Kathmandu Phone: 6620060/61/62 Phone: 01-55904982/83 Branch Manager: Mr. Badri Paudyal Branch Manager: Mr. Subash Shrestha Email: [email protected] Email: [email protected]
CHABAHIL BRANCH CHABAHIL 2 BRANCH Chuchepati, Kathmandu Chabahil, Kathmandu Phone: 5210139/40 ,Fax: 4913390 Phone: 01-4499248, 01-4499408, 01-4499361 Branch Manager: Mr. Sanjay Acharya Branch Manager: Mr. Ram Bahadur Rai Email: [email protected] Email: [email protected]
98 13th Annual Report 2076/077 13th Annual Report 2076/077 99 CHAPALI BRANCH DHUMBARAHI BRANCH PEPSICOLA BRANCH SORAKHUTTE BRANCH Budhanilkantha Municipality,Kathmandu Dhumbarahi, Kathmandu Pepsicola, Kathmandu Nayabazaar, Kathmandu Phone:014377458,4376405 Phone: 01-4417265/4411481 Phone: 5900877 Phone: 4388834/35, Fax: 4388833 Branch Manager: Ms.Pramila Tandukar Branch Manager: Mr. Nirajan Sharma Branch Manager: Mr. Bibek Khadka Branch Manager: Ms. Geeta Sharma Parajuli Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
DHAPAKHEL BRANCH GATTHAGHAR BRANCH SAMAKHUSI BRANCH SAMAKHUSI 2 BRANCH Dhapakhel, Lalitpur Gatthaghar, Bhaktapur Samakhusi,Kathmandu Samakhusi,Kathmandu Phone: 01-5175155 Phone: 6635112/51, Fax: 6636643 Phone: 4390553/54, Fax: 4390556 Phone: 4353268, 4354397, 4350909 Branch Manager: Mr. Mahesh Chandra Adhikari Branch Manager: Ms. Sajana Shrestha Branch Manager: Ms. Anita Pradhan Branch Manager: Sudhan Poudel Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
GRANDE BRANCH GAUSHALA BRANCH SANKHAMUL BRANCH SALLAGHARI BRANCH Grande, Tokha Municipality Gaushala, Kathmandu Kathmandu Metropolitan City Ward No: 10, Sankhamul Sallaghari, Bhaktapur Phone: 01-5159235 Phone: 01-4497723/24/25 Phone: 9841875574 Phone:6610879/6610878 Branch Manager: Mr. Binaya Shrestha Branch Manager: Mrs. Sumitra Lamsal Branch Manager: Mr. Gopal Bhattarai Branch Manager: Mr. Shyam Kumar Shrestha Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
IMADOL BRANCH IMADOL 2 BRANCH SUNDHARA BRANCH TARKESHWOR BRANCH Mahalaxmi Municipality, Lalitpur Imadol, Lalitpur Sundhara, Kathmandu Tarkeshwor,Kathmandu Phone: 01-5202851/52 Phone: 01-5203982/5202891 Phone: 4268056 Phone: 01-4025996 Branch Manager: Mr. Ram Kumar Khatri Branch Manager: Mr. Prajan Nandan Joshi Branch Manager: Mr. Agreen Ranjit Branch Manager: Sushma Kansakar Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
JORPATI BRANCH KOTESHWOR BRANCH THAMEL BRANCH THIMI BRANCH Jorpati, Kathmandu Koteshwor, Kathmandu Thamel, Kathmandu Thimi, Bhaktapur Phone: 01-4918040/41 Phone: 4601166/67, Fax: 4600483 Phone: 4226516, 4226552 Phone: 5093494/95, 6639180 Branch Manager: Mr.Suvakar Adhikari Branch Manager: Mr. Bishal Mani Bhandari Branch Manager: Mr. Jaya Ram Khadka Branch Manager: Mr. Pravin Bhattarai Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
KALIMATI BRANCH KALIMATI 2 BRANCH THANKOT BRANCH Kalimati, Kathmandu Kalimati, Kathmandu Thankot, Kathmandu, Phone: 4316237 Phone: 4283502/4283535, Fax: 4283466 Phone: 01-4670015/16/17 Branch Manager: Mr. Subash Shrestha Branch Manager: Mr. Raju Maharjan Branch Manager: Mr. Kushum Raya Email: [email protected] Email: [email protected] Email: [email protected]
KIRTIPUR BRANCH KALANKI BRANCH Kirtipur Municipality,Kathmandu Kalanki, Kathmandu Phone: 01-4332363/64 Phone: 5234001, 5234002, 4032003 ARUNKHOLA BRANCH ANBUKHAIRENI BRANCH Branch Manager: Mr. Yogesh Dangol Branch Manager: Mr. Deb Raj Paudel Arunkhola, Nawalparasi Anbukhaireni, Tanahun Email: [email protected] Email: [email protected] Phone: 078-555314, 078-555315 Phone: 065-540232 Branch Manager: Mr. Shankar Raj Regmi Branch Manager: Mr. Shivajee Tiwari MAHABOUDHA BRANCH MANGALBAZAR BRANCH Email: [email protected] Email: [email protected] Mahaboudha, Kathmandu Mangalbazar, Lalitpur Phone: 01-4268940, 01-6922015, 01-4268940 Phone: 5553915/16, 5553927 Branch Manager: Mr. Bindu Joshi Branch Manager: Mr. Aashis Bhuju ATTARIYA BRANCH BIRENDRANAGAR BRANCH Email: [email protected] Email: [email protected] Attariya, Kailali Birendranagar, Surkhet Phone: 091-550170/774 Phone: 083-525610/630 MAHALAXMISTHAN BRANCH NEWPLAZA BRANCH Branch Manager: Mr. Rajesh Singh Branch Manager: Mr. Lok Raj Sharma Mahalaxmisthan, Lalitpur Ramsha Path, Kathmandu Email: [email protected] Email: [email protected] Phone: 01-5170277/78/79 Phone: 4432139, 4422724, 4423779 Branch Manager: Mr. Pawan Kumar Niroula Branch Manager: Mr. Kailash Karki BHAIRAHAWA BRANCH BHAIRAHAWA 2 BRANCH Email: [email protected] Email: [email protected] Bank Road, Milan Chowk Bhairahawa Bhairahawa, Rupandehi Phone: 071-521081/82, Fax: 071-521083 Phone: 071-527543, 071-522076 NEW BANESHWOR BRANCH NEWROAD BRANCH Branch Manager: Mr. Shiva Basnet Branch Manager: Mr. Lokmani Bhattarai New Baneshwor,Kathmandu Newroad, Bira Complex Kathmandu Email: [email protected] Email: [email protected] Phone: 4490480/4490005, Fax: 4490380 Phone: 01-5713166/94/92/67, Fax: 01-4220512 Branch Manager: Mr.Abhishek Raghubanshi Branch Manager: Mr.Geha Ranjan Joshi Email: [email protected] Email: [email protected] BIRATNAGAR BRANCH BIRTAMOD BRANCH Biratnagar, Morang Birtamod Municipality, Ward-4, Jhapa OLD BANESHWOR BRANCH PATAN BRANCH Phone: 021-590028/29 Phone: 023-545031, 023-545032 Old Baneshwor, Kathmandu Lagankhel,Lalitpur Branch Manager: Mr.Badri Bikram Adhikari Branch Manager: Mr.Indra Guragain Phone: 4475245/46, Fax: 4475247 Phone: 5554170 /71,Fax: 5526588 Email: [email protected] Email: [email protected] Branch Manager: Mr. Nishes KC Branch Manager: Mr. Rabindra Aryal Email: [email protected] Email: [email protected] BHARATPUR BRANCH BATTAR BRANCH Chaubishkothi,Bharatpur,Chitwan Battar,Nuwakot PANAUTI BRANCH PULCHOWK BRACH Phone: 056-533240/41, Fax: 056-533242 Phone: 010-561801/2, Fax: 010-561803 Panauti, Kavre Pulchowk, Lalitpur Branch Manager: Mr.Padam Raj Paudel Branch Manager: Mr. Raju Dhakal Phone: 011-441204/5, Fax: 011-441206 Phone: 5553087 Email: [email protected] Email: [email protected] Branch Manager: Mr. Deepak Sharma Branch Manager: Mr. Rajiv Maharjan Email: [email protected] Email: [email protected]
100 13th Annual Report 2076/077 13th Annual Report 2076/077 101 BHIMPHEDI BRANCH BIBLYATE BRANCH Bhimphedi, Makawanpur Ilam Municipality: 05, Biblyate BUDHABARE BRANCH CHAKRAGHATTI BRANCH Phone: 057-410054/94 Phone: 027-413006 Budhabare ,Jhapa Chakraghatti ,Sunsari Branch Manager: Mr. Dhanraj Upreti Branch Manager: Mr. Manoj Kumar Adhikari Phone: 023-555491, Fax: 023-555492 Phone: 025-551023, Fax: 025-551024 Email: [email protected] Email: [email protected] Branch Manager: Mr.Chakrapani Bhandari Branch Manager: Mr.Bhupendra Prasad Phuyal Email: [email protected] Email: [email protected]
BPCHOWK BRANCH BIRATCHOWK BRANCH Bpchowk, Pokhara Biratchowk ,Morang Phone: 061-526347, 061-526348 Phone: 021-546841, Fax: 021-546842 CHANDRAGADI BRANCH CHHINCHU BRANCH Branch Manager: Ms. Ambika Sharma Branch Manager: Mr. Manish Tamrakar Chandragadi ,Jhapa Chhinchu, Surkhet Email: [email protected] Email: [email protected] Phone: 023-455965, Fax: 023-456196 Phone: 083-540306/07 Branch Manager: Mr. Hemanta Raj Neupane Branch Manager: Mr. Dhruva Bahadur Karki Email: [email protected] Email: [email protected] BIRGUNJ BRANCH BIRGUNJ 2 BRANCH Birgunj,MainRoad,MaiSthan Marga. Birgunj, Parsa Phone: 051-524370/80, Fax: 051-523660 Phone: 051-520081 Branch Manager: Mr. Buddhi Raj Baral Branch Manager: Mr. Meghnath Sonar DAMKADA BRANCH DAMAK BRANCH Email: [email protected] Email: [email protected] Damkada, Palpa Damak ,Jhapa Phone: 075-412126 Phone: 023-584749, 023-584610, 023-585449 Branch Manager: Mr. Bhesh Raj Dhakal Branch Manager: Mr.Chetan Anurag Khatiwada BUTWAL BRANCH BUTWAL 2 BRANCH Email: [email protected] Email: [email protected] Butwal Chaudaha-11, Butwal Phone: 071-541694/95, Fax: 071-541696 Phone: 071-542188/542408, 071-542403 Branch Manager: Mr. Narayan Acharya Branch Manager: Mr. Sandip Paudel DHANGADI BRANCH DHANGADHI 2 BRANCH Email: [email protected] Email: [email protected] Dhangadhi Sub Metropolitan City, Kailali Dhangadhi, Kailali Phone: 091-526348 Phone: 091-417301, 091-417302, 091-417306 BIRAUTA BRANCH BAGLUNG BRANCH Branch Manager: Mr. Dev Raj Joshi Branch Manager: Mr. Chandra Bahadur Saud Birauta, Pokhara Baglung Email: [email protected] Email: [email protected] Phone: 061-467302/03, 061-467304 Phone: 068-520933, 068-522655 Branch Manager: Mr. Mohan Thapa Branch Manager: Ms. Sapana Sharma Pant Email: [email protected] Email: [email protected] DHARAN BRANCH DULEGAUNDA BRANCH Mahindra Path, Dharan Dulegaunda, Tanahun Phone: 025-533049/50, Fax: 025-533048 Phone: 065-414428/29 BUDHIBAZAR BRANCH BANJHAPATAN BRANCH Branch Manager: Mr. Rishi Ram Bhattarai Branch Manager: Mr. Bijaya Raj Tiwari Budhibazar, Lekhnath Banjhapatan, Pokhara Email: [email protected] Email: [email protected] Phone: 061-411300/411781, 061-411400 Phone: 061-538707, 061-538708, 061-538704 Branch Manager: Ms. Amrita Koirala Branch Manager: Ms. Shova Bhurtel Email: [email protected] Email: [email protected] DUMRE BRANCH DHADINGBESI BRANCH Dumre, Tanahun Dhadingbesi, Dhading Phone: 065-580445 Phone: 010-521244 BARDIBAS BRANCH BHANDARA BRANCH Branch Manager: Mr. Shanti Kumari Darai Branch Manager: Mr. Yog Bilash Duwadi Bardibas Municipality, Mahottari Bhandara, Chitwan Email: [email protected] Email: [email protected] Phone: 9851178613 Phone: 056-550605, 056-550606 Branch Manager: Mr. Ram Kumar Shrestha Branch Manager: Pragnya Upadhyaya Email: [email protected] Email: [email protected] DEWANGANJ BRANCH DHARAPANI BRANCH Dewanganj, Sunsari Dharapani, Manang Phone: 9852080268 Phone: 066-620000 BHORLETAR BRANCH BESISAHAR BRANCH Branch Manager: Mr. Nirakar Pokharel Branch Manager: Mr. Surendra Baral Karaputar-3, Bhorletar, Lamjung Besisahar, Lamjung Email: [email protected] Email: [email protected] Phone: 066-410002, 066-410003 Phone: 066-521344, 066-521345 Branch Manager: Mr. Sujan Regmi Branch Manager: Mr. Amrit Thapa Email: [email protected] Email: [email protected] DAMAULI BRANCH FIKKAL BRANCH Damauli, Tanahun Fikkal, Sindhuli Phone: 065-560433, 065-562062 Phone: 047692045, 047692048 BENI BRANCH BAGAR BRANCH Branch Manager: Mr. Uttam Ranabhat Branch Manager: Mr. Jankantha Shrestha Beni Bazar, Myagdi Bagar, Pokhara Email: [email protected] Email: [email protected] Phone: 069-521048, 069-521049 Phone: 061-522671, 061-524556, 061-525797 Branch Manager: Mr. Murari Rijal Branch Manager: Mr. Santosh Kumar Ranabhat Email: [email protected] Email: [email protected] GAUSHALA BRANCH GORKHA BRANCH Gaushala, Mahottari Haramtari,Gorkha Phone: 044-556226/42 Phone: 064-421590, Fax: 064-421590 BAITESHWOR BRANCH BELAHA BRANCH Branch Manager: Mr. Santosh Kumar Chaudhary Branch Manager: Mr. Hari Prasad Adhikari Baiteshwor,Dolakha Belaha, Siraha Email: [email protected] Email: [email protected] Phone: 049-411088/89 Phone: 026-691621/23 Branch Manager: Mr.Purusottam Subedi Branch Manager: Mr. Satish Kumar Mahato Email: [email protected] Email: [email protected] GAURADAHA BRANCH GAURIGUNJ BRANCH Gauradaha ,Jhapa Gaurigunj ,Jhapa Phone: 023-480293, Fax: 023-480294 Phone: 023-412040, Fax: 023-412041 BARDAGHAT BRANCH BHALWARI BRANCH Branch Manager: Mr. Santosh Nepal Branch Manager: Mr. Dharma Raj Bhattarai Bardaghat, Nawalparasi Bhalwari, Rubandehi Email: [email protected] Email: [email protected] Phone: 9847238783 Phone: 071-561543 Branch Manager: Mr. Tulka Prasad Kafle Branch Manager: Mr. Dhruba Bhandari Email: [email protected] Email: [email protected] GANJBHAWANIPUR BRANCH GWALDUBBA BRANCH Ganjbhawanipur, Bara Gaurada Municipality: 07, Gwaldubba Phone: 9862990495 Phone: 9752600501 Branch Manager: Mr. Jamuna Prasad Sah Branch Manager: Mr. Bhesh Raj Dhakal Email: [email protected] Email: [email protected]
102 13th Annual Report 2076/077 13th Annual Report 2076/077 103 GYANECHOWK BRANCH HORIZONCHOWK BRANCH KAKARBHITTA BRANCH KALIGANDAKI BRANCH Bhadrapur Municipality: 03, Gyanechowk Horizonchowk, Butwal Mechinagar Municipality: 06, Kakarvitta Mirmi,Syangja Phone: 9752600511 Phone: 071-410021/112 Phone: 023-563301/ 563616 Phone: 063-403021/403097 Branch Manager: Mr. Raju Malla Branch Manager: Mr. Madhav Panth Branch Manager: Mr. Bhesh Raj Bhujel Branch Manager: Mr. Lekhnath Acharya Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
HEMJA BRANCH HETAUDA BRANCH KAWASOTI BRANCH KHANDBARI BRANCH Hemja, Pokhara Hetauda, Makwanpur Kawasoti, Nawalparasi Khandbari ,Sankhuwasabha Phone: 061-400558/59/60 Phone: 057-520569/524874 Phone: 078-540996/97, Fax: 078-540998 Phone: 029-560860, Fax: 029-560870 Branch Manager: Mr. Madhab Adhikari Branch Manager: Mr. Ishwor Shrestha Branch Manager: Mr. Buddhi Lal Shrestha Branch Manager: Mr.Chandra Kumar Phuyal Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
HOSPITAL CHOWK BRANCH HAKIMCHOWK BRANCH KHAPTADCHHANNA BRANCH KHORSHANE BRANCH Pokhara-10, Hospitalchowk, Kaski Hakimchowk, Chitwan Khaptadchhanna,Bajhang SundarHaraicha Municipality: 10, Khorsane Phone: 061-533551, 061-533552 Phone: 056-530682/530582 Phone: 081620444 Phone: 021-546899 Branch Manager: Mr. Harichandra Timilsina Branch Manager: Mr. Balram Sigdel Branch Manager: Mr. Suresh Dhami Branch Manager: Mr. Rudra Bahadur Khadka Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
ITAHARI BRANCH INARUWA BRANCH KUSMA BRANCH LAHAN BRANCH Sunsari Inaruwa ,Sunsari Kusma, Parbat Lahan, Siraha Phone: 025-587310/11, Fax: 025-587312 Phone: 025-561749, Fax: 025-561750 Phone: 067-421239, 067-421240 Phone: 9842668309 Branch Manager: Mr. Sujan Shrestha Branch Manager: Mr. Bishwajeet Khadka Branch Manager: Ms. Sushila Puri Branch Manager: Mr. Nagendra Niroula Email: itahari@pcbl.com.np Email: [email protected] Email: [email protected] Email: [email protected]
ITTABHATTA BRANCH ILAM MANGALBARE BRANCH LAMACHOUR BRANCH LETANG BRANCH Mechinagar Municipality: 07, Ittabhatta Deumai Municipality: 04, Mangalbare Lamachour, Pokhara Letang ,Morang Phone: 023-563361/ 563386 Phone: 027-400138 Phone: 061-441166, 061-441461, 061-441460 Phone: 021-560645, Fax: 021-560655 Branch Manager: Mr. Bhaktiram Niroula Branch Manager: Mr. Jaya Raj Baral Branch Manager: Mr. Sujan Parajuli Branch Manager: Mr.Chhabi Raman Koirala Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
JHAPA MANGALBARE BRANCH JANTE BRANCH LAXMIPUR BRANCH LEK BESI BRANCH Kamal Rural Municipality: 06, Mangalbare Letang Municipality: 08, Jante Arjundhara Municipality: 05, Laxmipur Dasharathpur, Surkhet Phone: 023-584611 Phone: 9752038931 Phone: 023-503167/ 503168 Phone: 081-620443 Branch Manager: Mr. Sharad Kafle Branch Manager: Mr. Khem Prasad Baral Branch Manager: Mr. Youbaraj Basnet Branch Manager: Mr. Ram Bahadur Pariyar Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
JANAKPUR BRANCH JANAKPUR 2 BRANCH LAKESIDE BRANCH LAMAHI BRANCH Shiva Chowk, Janakpurdham Sub Municipality, Janakpur Janakpur, Dhanusa Lakeside, Pokhara Lamahi, Dang Phone: 021-620333 Phone: 041-525517/525518 Phone: 061-466024, 061-466025, 061-466026 Phone: 082-540845, 082-540846, 082-540847 Branch Manager: Mr. Pramod Kumar Mahato Branch Manager: Mr. Pradeep Kumar Sah Branch Manager: Mr. Bikal Shrestha Branch Manager: Mr. Rabin Bhattarai Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
JHILJHILE BRANCH JIRI BRANCH LAMKI BRANCH MORANG MANGALBARE BRANCH ShivaSatakshi Municipality: 08, Jhiljhile Jiri VDC, Linkan Bazar, Dolakha Lamki, Kailali Urlabari Municipality: 03, Mangalbare Phone: 023-470521 Phone: 049-400041, Fax: 049-400040 Phone: 091-540557/58 Phone: 021-410215/410216 Branch Manager: Mr. Baiju Nath Thakur Branch Manager: Mr. Sushil Kumar Upadhayay Branch Manager: Mr. Mahendra Prasad Timilsena Branch Manager: Mr. Roshis Budhathoki Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
JITPUR BRANCH 4 NO. JEETPUR BRANCH MAHENDRANAGAR MANEBHANJYANG BRANCH Jitpur, Bara Jeetpur, Kapilvastu Mahendranagar, Kanchanpur Manebhanjyang, Okhaldhunga Phone: 053-412319/412320 Phone: 076-550433/443 Phone: 099-590219/220 Phone: 037-410089/90 Branch Manager: Mr. Raju Poudel Branch Manager: Mr. Gaurav Dumre Branch Manager: Mr.Puskar Kunwar Branch Manager: Mr. Devi Prasad Pahadee Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
KALYANPUR BRANCH KANCHANBARI BRANCH MANAKAMANA BRANCH MAYA DEVI BRANCH Kalyanpur, Saptari Kanchanbari ,Biratnagar Manakamana, Gorkha Maya Devi,Rupandehi Phone: 031-540155/56 Phone: 021-462283, Fax: 021-462284 Phone: 064-460203/6, Fax: 064-460204 Phone: 071-425056 / 57 Branch Manager: Ms. Mukesh Kumar Singh Mehta Branch Manager: Mr. Bijay Sharma Branch Manager: Mr. Rajan Maka Branch Manager: Mr. Kabindra Pokharel Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
KOHALPUR BRANCH KALIKA BRANCH MALANGAWA BRANCH NARAYANGARD BRANCH Kohalpur, Banke Kalika,Rasuwa Malangawa, Sarlahi Narayangard Phone: 081-541532, 081-541536, 081-541554 Phone: 010-542115 Phone: 046-521158/59 Phone: 056-525730/24, Fax: 056-525739 Branch Manager: Ms. Gaurab Dhakal Branch Manager: Mr. Bishnu Mani Adhikari Branch Manager: Mr. Rameshwar Ray Branch Manager: Mr. Birodh Adhikari Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
104 13th Annual Report 2076/077 13th Annual Report 2076/077 105 NEW ROAD POKHARA BRANCH NEPALGUNJ BRANCH SYANGJA BRANCH SURUNGA BRANCH NewRoad, Pokhara Nepalgunj,Dhamboji Putalibazar, Syangja Surunga ,Jhapa Phone: 061-521861/62/63, 061-524110 Phone: 081-411276/411193, Fax: 081-411024 Phone: 063-421126, 063-421127 Phone: 023-550825, Fax: 023-550835 Branch Manager: Mr. Surya Prasad Tiwari Branch Manager:Mr.Krishna Prasad Chaulagain Branch Manager: Mr. Shalik Ram Lamichhane Branch Manager: Mr. Tikaram Adhikari Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
NIJGADH BRANCH NECHA SALYAN BRANCH SABHAPOKHARI BRANCH SARAWAL BRANCH Nijgadh, Bara Ramitebazar Tingla, Solukhumbu Barabise, Sabhapokhari Rural Municipality, Sankhuwasabha Sarawal,Nawalparasi Phone: 9864848227 Phone: 081-620447/081-620448 Phone: 029-413010 Phone: 078-414103 Branch Manager: Mr. Prabesh Nepal Branch Manager: Mr. Manoj Prasad Dhakal Branch Manager: Mr. Taranee Prasad Acharya Branch Manager: Mr. Ashok Dhungana Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
SARUMARANI BRANCH POKHARA BRANCH PURTIGHAT BRANCH SHAHID LAKHAN BRANCH Baddanda, Sarumarani Gaupalika (Rural Municipality), New Road, Pokhara, Kaski Purtighat, Gulmi ShahidLakhan,Gorkha Pyuthan Phone: 061-524292/526347/526348 Phone: 9847055023 Phone: 016201466/566 Phone: 081-620446 Branch Manager: Mr. Kush Sudan Singh Branch Manager: Mr. Dipak Thapa Branch Manager:Mr. Amrit Kumar Adhikari Branch Manager: Mr.Sudip Poudel Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
PATHARI BRANCH PALPA ROAD, BUTWAL BRANCH SIDHUWA BRANCH SINDHULI BRANCH Pathari Sanischare Municipality: 01, Pathari Palpa Road, Butwal-6, Butwal Sidhuwa ,Dhankuta Bank Road, Sindhuli Phone: 021-555401 Phone: 071-546895/96, 071-541683 Phone: 026-404176, Fax: 026-404177 Phone: 047-520632/520733, Fax: 047-520734 Branch Manager: Mr Nir Bahadur Adhikari Branch Manager: Mr. Babu Ram Aryal Branch Manager: Mr.Rabindra Subedi Branch Manager: Mr.Nabin Sapkota Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
PHALELUNG BRANCH PHEDIKHOLA BRANCH SOMBARE BRANCH SUDHODHAN BRANCH Falelung Rural Municipality, Panchthar Phedi, Syangia Ratuwamai Municipality: 10, Sombare Sudhodhan, Kapilvastu Phone: 9842245372 Phone: 063-402069/83 Phone: 9752038930 Phone: 9857052702 Branch Manager: Mr. Balkrishna Parajuli Branch Manager: Mr.Lok Bahadur Kunwar Branch Manager: Mr. Prakash Kumar Rajbanshi Branch Manager: Mr.Hari Bahadur Bhandari Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
PRITHVICHOWK BRANCH PUSPALAL CHOWK BRANCH SANDHIKHARKA BRANCH TAPLEJUNG BRANCH Prithvichowk, Pokhara Puspalal Chowk ,Biratnagar Sandhikharka, Arghakhachi Birendra Chowk,Phungling Bazar,Taplejung Phone: 061-524181, 061-524252 ‘104’ Phone: 021-463560, Fax: 021-463561 Phone: 077-420236, 077-420463 Phone: 024-460702 / 024-460701 Branch Manager: Mr. Tilak Bahadur Thapa Branch Manager: Mr. Robin Poudel Branch Manager: Mr.Madhav Khatri Branch Manager: Mr. Sonam Lama Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
POKHARIYA BRANCH RAMAPUR BRANCH TAPLI BRANCH TINGHARE BRANCH Pokhariya Ramapur, Rupandehi Tapli Rupatar, Udayapur Suryodaya Municipality: 03, Tinghare Phone: 051-560030 Phone: 071-505374 Phone: 027-691280/74 Phone: 027-555251/ 555252 Branch Manager: Mr. Aavash Rauniyar Branch Manager: Mr. Manoj Gautam Branch Manager: Mr. Prithvi Bahadur Giri Branch Manager: Mr. Himal Rai Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
RAJGADH BRANCH RANKE BRANCH TRAFFIC CHOWK BRANCH TUMBEWA BRANCH Bahradashi Rural Municipality: 03, Rajgadh Deumai Municipality: 01, Ranke Traffic Chowk, Biratnagar Tumbewa Rural Municipality, Panchthar Phone: 9841037138 Phone: 024-411046 Phone: 21-578051/52, Fax: 021-538218 Phone: 026-681037 Branch Manager: Mr. Dipendra Nath Shrestha Branch Manager: Mr. Kedar Shrestha Branch Manager: Mr. Punya Prasad Regmi Branch Manager: Mr. Milan Basnet Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
RATNACHOWK BRANCH RUDRABENI BRANCH TUMLINGTAR BRANCH THANTIPOKHARI BRANCH Pokhara-8, Ratnachowk, Pokhara Rudrabeni, Gulmi Tumlingtar ,Sankhuwasabha Thantipokhari, Gorkha Phone: 061-535244, 061-535245 Phone: 075-620010 Phone: 029-575060, Fax: 029-757060 Phone: 064-400079, 064-400080 Branch Manager: Mr. Surya Prasad Tiwari Branch Manager: Mr. Rajendra Gautam Branch Manager: Mr.Yogesh Regmi Branch Manager: Mr. Kamal Shrestha Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
SUNDARBAZAR BRANCH SAKHUWA MAHENDRANAGAR BRANCH TALCHOWK BRANCH TANDI BRANCH Sundarbazar, Lamjung Sakhuwa Mahendranagar, Dhanusha Lekhnath-7, Kaski Tandi, Chitwan Phone: 066-402382/3 Phone: 041-540331/2 Phone: 061-561081, 061-561082 Phone: 056-563094/95 Branch Manager: Mr. Pradip Paudel Branch Manager: Mr. Santosh Kumar Sah Branch Manager: Mr. Dirgha Prasad Adhikari Branch Manager: Mr. Bhanu Bhakta Lamsal Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
SIRAHABAZAR BRANCH SHIVANAGAR BRANCH TULSIPUR BRANCH WALLING BRANCH Sirahabazar, Siraha Shivanagar, Rautahat Tulsipur, Dang Walling, Syangja Phone: 033-521254/55 Phone: 9845229997 Phone: 082-523447/48 Phone: 063-440403, 063-440207 Branch Manager: Mr. Ram Kumar Sharma Branch Manager: Mr. Ajay Prasad Yadav Branch Manager: Mr. Rajesh Raj Dangi Branch Manager: Mr. Kishan Giri Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected]
106 13th Annual Report 2076/077 13th Annual Report 2076/077 107 108 13th Annual Report 2076/077