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New Khaladi sir, NBB is going to distribute Handsom Divdend cash+ Bonus this year.

Please read above news carefully which i had copy and paste from sharesansar.com at 03 0ct 2013.

See the line 9 of news carefully i again copy and paste ; see below.

NBB sources said that they are now in a position to offer attractive dividends to the shareholders for the last fiscal year.

And frinds i think second instalment of 65 karod wiil increse also
Profit of this fiscal year.

hlo jay ganesh jee....i think it price has already increased,so it has not any basis for increasing its share price now/in short term because it cant give attractive dividend to shareholders this year,,,so i can say that it will be very good for future or for next year ,am i right friends,,,please correct me if i am wrong,,,,,

SHARESANSAR NEWS

Thursday 03rd of October 2013

NRB agrees to revise Nepal Bangladesh Bank balance sheet (Net profit would surge to 106 crores) ShareSansar, October 3:

The Nepal Rastra Bank has agreed in principal to accept the revised balance sheet of Nepal Bangladesh Bank Limited (NBB) for the last fiscal year, as urged by the latter so as to adjust the recovery of its bad debts.

NBB had sent its revised balance sheet to the central bank for its approval in September.

NBB officials told ShareSanar.com that once the balance sheet is revised then NBB’s net profit the last fiscal year of 2069/70 will surge to around Rs 106 crore — up from Rs 59.07 crore as per the last balance sheet submitted to the central bank.

NBB’s Board of Director will soon meet to finalize the audited report for the last fiscal year as per the revised balance sheet and to decide on the dividends to be distributed to the shareholders.

NBB sources said that they are now in a position to offer attractive dividends to the shareholders for the last fiscal year.

NBB had request the central bank to revise the balance sheet as the last balance sheet it had submitted to the central bank at the end of the last fiscal year does not reflect the purchase of a bulk of the share owned by NB Group, the promoters, by Bangladesh-based IFIC Bank on September 1.

The transfer of the stake from the NB Group members, which has been blacklisted by the central bank, to IFIC has brought NBB’s Non-Performing Loan to below 2 percent — from more than 3 percent.

Following the deal with IFIC, NBB has been able to write back a huge portion of bad debts and thereby increase its net profit.

NBB wants its balance sheet revised also because the central bank has just decided to allow the banking and financial institutions, which were in crisis during the last fiscal year, not to make the provision for loss regarding inter-bank lending, loans and other claims for that period.

NB Group had officials transferred 2.91 million unit shares to Bangladesh-based IFIC Bank so as to pay back the Group’s outstanding principle and interest at the different banks, including NBB.

It may be noted here that IFIC Bank is to buy the NBBL shares in three installments, and it is yet to pay two installments.

In September IFIC had stated that it will soon release Rs 65 crore in the second installment.

NB Group’s exit from the bank has already started to surge its share price. Expectations of improved corporate governance and loan recovery have pushed the share price of the bank to more than Rs 350 which was being traded at Rs 120 a year ago.
Jay Ganesh ji ki jay!!!!!!