Know Your Bank III

Nepali commercial banks are doing well despite the prevailing global financial crisis. They are pretty much insulated because they are less exposed to global fluctuations. Also, Nepal Rastra Bank (NRB), the regulatory authority, is very vigilant and keeps a hawk's eye on banks despite manpower crunch. However, whether a small economy like Nepal can sustain more banks or not is still a million dollar question. Let's have a look at the financial health of banks for the fiscal year 2008-09.

4. Nepal Investment Bank Ltd (February 27, 1986)
Chairman/CEO: Prithivi Bahadur Pande
MD: Jyoti Prakash Pandey
Paid up capital: Rs 1,203,915,400
Core capital: Rs 1,852,197,400
Net Profit: Rs 697 million
NPA: 1.12 per cent
Networth: Rs 26,86,786,000
Earning Per Share: Rs 57.87
Price earning Ratio (P/E): 42.33
Branches: 21
ATMs: 40

7. Nepal SBI Bank Ltd (July 7, 1993)
Chairman: B K Shrestha
Managing DirectorL: N K Chari
Paid up capital: Rs 87,45,27,840
Core capital: Rs 1,14,54,78,649
Net Profit: Rs ...
NPA: Rs 45,87,55,741
Networth: 1,15,33,13,329
Earning Per Share: Rs 39.55
Price earning Ratio (P/E):
Branches: 23 (extensions + branches)
ATMs: 12

15. Machhapuchhre Bank Ltd (October 3, 2000)
Chairman: Surya Bahadur KC
CEO: Bhai Kajee Shrestha
Paid up capital: Rs 901,339,300
Core capital: Rs 1,143,996,282.47
Net Profit: Rs 88,755,880.75
NPA: 2.29 per cent
Networth: Rs 1,164,373,223.89
Earning Per Share: Rs 10.80
Price earning Ratio (P/E): 118.96
Branches: 21
ATMs: 15

19. Global Bank Ltd (January 2, 2007)
Chairman: Chandra Prasad Dhakal
CEO: Anil Gyawali
Paid up capital: Rs 700 million
Core capital: Rs 723 million
Net Profit: Rs 6.12 million
NPA: 0.18 per cent
Networth: Rs 723 million
Earning Per Share: Rs 8.75
Price earning Ratio (P/E): N/A
Branches: 7 Branches (Kantipath, New Road, Birgunj, Pokhara, Baglung, Biratnagar, Lahan)
ATMs: 6

23. Sunrise Bank Ltd (October 12, 2007)
Chairman: Tolaram Dugar
CEO: Kishore Maharjan
Paid up capital: Rs 700 million
Core capital: Rs 685 million
Net loss: Rs 24 million
NPA: 0
Networth: Rs 685 million
Earning Per Share: Negative
Price Earning Ratio (P/E): 0
Branches: 6 (at present 10)
ATMs: 0

Development Bank
Sanima Bikas Bank Ltd (December 12, 2004)
Executive Chairman: Badri Prasad Ojha
Paid up capital: Rs 384 million
Core capital: Rs 429 million
Net Profit: Rs 22 million
NPA: 1.51 per cent
Networth: Rs 4,327 million
Earning Per Share: Rs 5.74
Price earning Ratio (P/E): 249 times
Branches: 3 (New Road, Damak, Dhadingbesi)
ATMs: Affiliated to SCT Network