Annual Report 2078 2079

ljifo–;"rL
!= kGw|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? $^
!^= Basel III pb\3f]if0f / cGo ljj/0fx? &)
!&= )=%% eGbf dfly z]o/ ePsfx?sf] ;"rL ()
!*= ;+:yfks z]o/wgLn] z]o/ lwtf] /fvL shf{ lnPsf] ljj/0f (!
!( n]vfkl/If0f gePsf] ljQLo ljj/0f (#
@)= n]vfkl/If0f gePsf] / n]vfkl/If0f kl5sf] t'ngfTds ljQLo ljj/0f (^
@!= g]= /f= a}+ssf] lgb]{lzsf @)&* -@)_ -(_ ;+u ;DaGwL ljj/0f (*
@@= ljQLo ;"rsf+sx? ((
@#= g]kfn /fi6« a+}ssf] :jLs[ltkq !))
@$= k|aGwkq / lgodfjnL ;+zf]wgsf] tLg dxn] ljj/0f !)!
3
4
s]GbLo sfof{noM sdnkf]v/L, sf7df08f}
sf]
kGw|f+} jflif{s ;fwf/0f;ef ;DaGwL ;"rgf
ldlt @)&(÷)(÷)^ ut] -tb\g';f/ @! l8;]Da/, @)@@_ df a;]sf] ;~rfns ;ldltsf] $%& cf}+ a}7ssf] lg0f{ofg';f/ o;
a}+ssf] kGw|f+} jflif{s ;fwf/0f;ef lgDg lnlvt ldlt, :yfg / ;dodf lgDg ljifox¿ pk/ 5nkmn tyf lg0f{o ug{ a:g]
ePsf] x'Fbf cfb/0fLo ;Dk"0f{ z]o/wgL dxfg'efjx¿sf] pkl:yltsf]nflu xflb{s cg'/f]w ub{5' .
;ef x'g] ldlt, :yfg / ;doM
;ef x'g] ldlt M @)&(÷)(÷@* ut], laxLjf/ -tb\g';f/ !@ hgj/L, @)@#_ .
:yfg M sfsL{ Aofª\Sj]6, aj/dxn, sf7df8f}+ .
;ef z'¿ x'g] ;do M laxfg !!M)) ah]b]lv .
5nkmnsf ljifox¿ M
-s_ ;fdfGo k|:tfjx¿ M
!= cfly{s aif{ @)&*÷&( sf] ;~rfns ;ldltsf] k|ltj]bg pk/ 5nkmn u/L kfl/t ug]{ .
@= n]vfk/LIfssf] k|ltj]bg ;lxt @)&( cfiff9 d;fGtsf] jf;nft, ldlt @)&*÷)$÷)! 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]{ .
#= 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]{ .
$= a}+sdf :jtGq ;~rfnssf] lgo'lQm ePsf] ;DaGwdf hfgsf/L .
%= ;~rfns ;ldltn] k|:tfj u/] adf]lhd ¿= (@,#$,*&,(&(÷– -a}+ssf] r'Qmf k"FhLsf] rf/ bzdnj gf} kfFr k|ltztsf
b/n]_ gub nfef+z ljt/0f ug{ :jLs[t ug]{ .
^= a}+ssf] lgodfjnL cg';f/ ;d"x æsÆ ;+:yfks z]o/wgLx¿sf]tkm{af6 ;~rfns ;ldltdf k|ltlglwTj x'g] ;~rfns
kb – # -tLg_ / ;d"x ævÆ ;j{;fwf/0f z]o/wgLx¿sf]tkm{af6 ;~rfns ;ldltdf k|ltlglwTj x'g] ;~rfns kb – @
-b'O{_ ;d]t ;~rfns kb – % -kfFr_ sf] lgjf{rg, dgf]gog jf lgo'Qm ug]{ .
-v_ laz]if k|:tfjx¿ M
!= ;~rfns ;ldltn] k|:tfj u/] adf]lhd a}+ssf] r'Qmf k"FhLsf] $% -rf/ k|ltzt_ sf b/n] x'g cfpg]
¿= &$,^@,%@,(!@÷– af]g; z]o/ hf/L ug]{ / ;f]xL adf]lhd a}+ssf] k|jGw–kq tyf lgodfjnLdf ;+zf]wg ug]{ .
@= lgDg adf]lhd a}+ssf] k|jGwkqdf ;+zf]wg÷yk ug]{ M
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]{ .
#= 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|bfgug]{ .
$= k|aGw kq / lgodfjnLdf ePsf] ;+zf]wgdf lgodgsf/L lgsfox¿ -sDkgL /lhi6«f/sf] sfof{no, g]kfn /fi6« a}+s,
g]kfn lwtf]kq af]8{ cflb_ n] s'g} km]/jbn÷;+zf]wg÷kl/dfh{g ug{ jf ldnfpg s'g} ;'emfj jf lgb]{zg lbPdf ;f]xL
cg'¿k cfjZos ;dfof]]hg ug{ a}+ssf] ;~rfns ;ldltnfO{ clVtof/L k|bfg ug]{ .
-u_ ljljw
cf1fn],
sDkgL ;lrj
1
;fwf/0f;ef ;DjGwL ;fdfGo hfgsf/Lx? M sfof{noaf6 lgjf{rg ;DjGwL sfo{qmdsf] ;"rgf a}+ssf]
!= o; ;fwf/0f;ef k|of]hgsf nflu ldlt @)&(÷)(÷!$ ;"rgf kf6Ldf k|sflzt ul/g]5 .
ut] Ps lbgsf nflu a}+ssf] z]o/ bflvn vf/]h *= ;~rfns lgjf{rg ;DaGwL sfo{qmd ;~rfns lgjf{rg
btf{ aGb (Book Close) /xg]5 . g]kfn :6s PS;r]Gh lgb]{lzsf adf]lhd lgjf{rg clws[tn] tf]s] adf]lhd x'g]5 .
lnld6]8df ldlt @)&(÷)(÷!# ut];Dd sf/f]af/ eO{ (= ;~rfns x'gsf] nflu a}+ssf] slDtdf !)) lsQf
& sfo{ lbgleq o; a}+ssf] z]o/ /lhi6«f/, l;len ;fwf/0f z]o/ wf/0f u/L dtbftf gfdfjnLdf gfd
Soflk6n dfs]{6\; ln=, sf7df8f}+df k|fKt z]o/ gfd;f/L, pNn]v ePsf] z]o/wgL x'g' kg]{5 / sDkgL P]g, @)^#,
bflvn vf/]hLsf] cfwf/df z]o/wgL btf{ lstfadf a}+s tyf ljQLo ;+:yf ;DjGwL P]g, @)&#, g]kfn /fi6«
sfod z]o/wgLx?n] ;f] ;efdf efu lng, Pj+ nfef+z a}+sn] hf/L u/]sf] lgb]{zg tyf a}+sn] hf/L u/]sf]
kfpg ;Sg' x'g]5 . ;~rfns lgjf{rg lgb]{lzsf adf]lhd cof]Uo gePsf]
@= jflif{s ;fwf/0f;efdf efu ln+bf z]o/wgL dxfg'efjx?n] JolQmn] dfq pDd]bjf/L btf{ ug{ ;Sg]5 . ;+:yfks
z]o/ k|df0fkq÷lxtu|fxL (DEMAT) vftf vf]lnPsf] z]o/wgLn] ;j{;fwf/0f ;d"xsf] z]o/wgLsf] tkm{af6
k|df0f / cfkm\gf] kl/ro v'Ng] k|df0f jf ;f]sf] k|ltlnlk pDd]åf/L lbg ;Sg] 5}g .
-h:t} gful/stf k|df0fkq jf cGo s'g} kmf]6f] ;lxtsf] !)= ;~rfns kbdf pd]b\jf/ x'g rfxg] z]o/wgLn] dfly
kl/rokq_ clgjfo{ ?kdf ;fydf lnO{ ;ef:yndf pNn]v eP adf]lhd a}+ssf] s]Gb|Lo sfof{nodf k|sflzt
cfpg'x'g cg'/f]w 5 . xflh/L k'l:tsf laxfg !)M)) lgjf{rg ;DjGwL sfo{s|dsf] ;"rgfdf pNn]lvt ldltdf
ah]b]lv ;ef rfn' /x'Gh]n;Dd v'Nnf /xg]5 . lgwf{l/t ;do leq a}+ssf] pd]b\jf/ x'g rfx]sf]
#= k|ltlglw -k|f]S;L_ lgo'Qm ug{ rfxg] z]o/wgLx¿n] dtbfg ;d"xsf] Pshgf z]o/wgL k|:tfjs / csf]{ Pshgf
ug{ kfpg] clwstd xb jf ;Ldf;Dd To:tf] z]o/wgL z]o/wgL ;dy{s ;lxt tf]lsPsf] 9fFrf adf]lhd cfkmgf]
xsdf /x]sf] a}+ssf] clwstd z]o/ lx:;fsf] dtbfg pd]bjf/Lsf] b/vf:t btf{ ug'{ kg]{5 . pDd]b\jf/Laf6
;Ldf x'g] u/L k|ltlglw–kq -k|f]S;L kmf/fd_ e/L a}+ss} cfkmgf] gfd lkmtf{ lng rfx]df;d]t ;f]xL lgjf{rg
z]o/wgLnfO{ k|ltlglw -k|f]S;L_ lgo'Qm u/L a}+ssf] s]Gb|Lo ;DjGwL sfo{qmd adf]lhd cfkmgf] gfd lkmtf{ lng
sfof{no, sdnkf]v/L, sf7df8f}+df ;ef z'¿ x'g'eGbf b/vf:t btf{ ug'{kg]{5 . ;~rfns kbdf pDd]bjf/L
slDtdf &@ 306f cufl8 btf{ u/fO{ ;Sg' kg]{5 . lbg] z]o/wgL cGo pDd]bjf/sf] k|:tfjs / ;dy{s x'g
$= æd}n] o; cl3 lbPsf] ;a} k|ltlglw–kq -k|f]S;L_ ab/ u/L ;Sg] 5}g .
of] k|ltlglw -k|f]S;L_ nfO{ dfGotf lbO{of];\Æ egL 5'§} kq !!= ;~rfnssf] lgjf{rgdf efu lng rfxg] pDd]b\jf/n]
n]vL k7fPsf] cj:yfdf cGo ;a} k|ltlglwx¿ -k|f]S;L_ a}+ssf] lgjf{rg lgb]{lzsfsf] cg';"rLdf pNn]lvt 9fFrfsf]
ab/ eO{ ;f]xL kq;fy k|fKt k|ltlglw–kq -k|f]S;L_ nfO{dfq dgf]gogkq tyf ;f]sf] b:t'/ ¿= !),)))÷– -b; xhf/_
dfGo x'g]5 . Ps} z]o/wgLn] Ps eGbf al9 JolQmnfO{ -kl5 lkmtf{ gx'g]_ ;lxt lgjf{rg tflnsfdf pNn]lvt
s'g} lsl;daf6 ljefhg u/L jf gu/L k|ltlglw -k|f]S;L_ ldlt leqdf lgjf{rg clws[t ;dIf JolQmut ¿kdf
lgo'Qm u/]sf] ;Ssn b:tvt ePdf To:tf] ;a} k|ltlglw cfkm}+ pkl:yt eO{ dgf]gog kq bflvnf ug'{ kg]{5 .
-k|f]S;L_ ab/ x'g]5 . Gffafns jf dfgl;s ;Gt'ng 7Ls !@= 5nkmnsf] ljifo dWo] ljljw zLif{s cGtu{t s'g}
gePsf] z]o/wgLx?sf] tkm{af6 a}+ssf] z]o/ nut btf{ ljifodf ;fwf/0f;efdf 5nkmn ug'{kg]{ eP OR5's
lstfadf ;+/Ifssf] ?kdf gfd btf{ ePsf] dxfg'efjx?n] z]o/wgLn] ;ef x'g'eGbf & -;ft_ lbg cufj} ;f] ljifo
;efdf efu lng, k|ltlglw tf]Sg ;Sg' x'g]5 . sDkgL ;lrj dfkm{t ;~rfns ;ldltsf] cWoIfnfO{
%= ;+o'Qm ?kdf z]o/ v/Lb ul/Psf] cj:yfdf z]o/wgLsf] lnlvt ?kdf lbg'x'g cg'/f]w 5 .
nut btf{ lstfadf klxn] gfd pNn]v ePsf] JolQm !#= z]o/wgL dxfg'efjx?sf] ;'/Iff ;'lglZrt ug{ ;'/Iff
cyjf ;j{;Ddtaf6 k|ltlglw lgo'Qm ul/Psf] Ps hfFr x'g] Joj:yf ldnfOPsf] x'Fbf ;'/IffsdL{n] cfuGt's
JolQmn] dfq ;efdf efu lng kfpg'x'g]5 . ;a}sf] ;'/Iff hfFr ug{ ;Sg]5 . z]o/wgL dxfg'efjx?n]
^= ;efdf efu lng k|ltlglw lgo'Qm ul/;s]kl5 ;DalGwt klg clt cfjZos geP, 5ftf, emf]nf, Kofs]6 h:tf
z]o/wgLn] cfkm}+n] efu lng jf k|ltlglw km]/abn ug{ ;'/Iff hfFrdf hl6ntf Nofpg] ;fdfu|L glnO{ cfpg'
rfx]df ;ef ;'? x'g'eGbf sDtLdf @$ 306f cufj} x'g / ;'/IffsdL{sf] hfFrdf ;xof]u ug'{ x'g cg'/f]w 5 .
;f] sf] ;"rgf a}+ssf] /lhi68{ sfof{no, sdnkf]v/L, !$= ;fwf/0f;efdf ;DalGwt yk hfgsf/L tyf a}+ssf]
sf7df8f}+df btf{ ul/;Sg' kg]{5 . cGoyf k|ltlglw cfly{s jflif{s lja/0fsf nflu a}+ssf] s]Gb|Lo sfof{no,
km]/abn x'g ;Sg] 5}g . t/,;DalGwt z]o/wgL :jo+ sdnkf]v/L jf o; a}+ssf] z]o/ /lhi6f/ l;en
;efdf pkl:yt x'g cfPdf z]o/wgLn] ul/lbPsf] Soflk6n dfs]{6\; ln=df ;Dks{ /fVg cg'/f]w 5 . ;y}
clVtof/gfdf :jtM ab/ x'g]5 . a}+ssf] j]a;fO6 www.primebank.com.np df ;d]t x]g{
&= ;+:yfks Pj+ ;j{;fwf/0f ;d"xsf] ;~rfnssf] lgj{frg / Download ug{ ;lsg] 5 .
;DjGwL hfgsf/L ;fwf/0f;ef x'g' eGbf !% lbg cufj}
a}+ssf] s]Gb«Lo sfof{no l:yt lgjf{rg clws[tsf]
2
k|f]S;L kmf/fd
>L ;~rfns ;ldlt,
k|fOd sdl;{on a}+s lnld6]8,
sdnkf]v/L, sf7df8f}+ .
ljifo M k|ltlglw lgo"Qm u/]sf] jf/] .
dxfzo,
=================================================================================================== lhNnf, ====================================================================== d=g=kf=÷p=d=g=kf÷g=kf=÷ ufpFkflnsf j8f g+= ====== a:g]
d÷xfdL =============================================================================================================================== n] To; a}+ssf] ;+:yfks÷;j{;fwf/0f z]o/wgLsf] x}l;otn] ldlt @)&(
;fn kf}if dlxgf @* ut] lalxaf/sf lbg x'g] !% cf}+ jflif{s ;fwf/0f;efdf d÷xfdL :jod\ pkl:yt eO{ 5nkmn, lg0f{o
tyf ;~rfns lgjf{rgdf ;xefuL x'g g;Sg] ePsf] x'gfn] pQm ;efdf d]/f]÷xfd|f] tkm{af6 efu lnO pQm sfo{ ug{sf nflu
=============================================================================================== lhNnf, ============================================================================ d=g=kf=÷p=d=g=kf÷g=kf=÷ufpm+kflnsf j8f g+= ====== a:g]]
>L ================================================================================================================ nfO{ d]/f]÷xfd|f] k|ltlglw -k|f]S;L_ lgo'Qm u/L k7fPsf] 5'÷5f+} .
k|ltlglwsf] lgj]bssf]
b:tvt gd"gf M b:tvt M
gfd M gfd M
7]ufgf M 7]ufgf M
-z]o/wgL g+=÷ -z]o/wgL g+=÷
lxtu|fxL vftf g+=_ M lxtu|fxL vftf g+=_M
ldlt M z]o/ ;+Vof M
============================================================================== ==============================================================================
a}+ssf] 5fk sDkgL ;lrjsf] b:tvt
b|i6Jo M of] k|f]S;L kmf/fd ;fwf/0f;ef x'g' eGbf &@ 306f cufj} a}+ssf] s]Gb|Lo sfof{no, sdnkf]v/L, sf7df8f}+df btf{ ul/;Sg' kg]{5 .
k|j]z kq
ldlt M @)&(÷)(÷@*
z]o/wgLsf] gfd M
z]o/ ;+Vof M
lxtu|fxL vftf g+= M
z]o/wgL g+= M
!% cf}+ jflif{s ;fwf/0f ;efdf pkl:yt x'g hf/L ul/Psf] k|j]z kq
============================================================================== ==============================================================================
z]o/wgLsf] b:tvt sDkgL ;lrjsf] b:tvt
b|i6JoM pNn]lvt kmf/fd z]o/wgL cfkm}n] eg{'xf]nf . ;efsIffdf k|j]z ug{ of] k|j]z kq clgjfo{ 5 .
3
4
k|fOd sdl;{on a}+s lnld6]8sf]
kGw|f}F aflif{s ;fwf/0f ;efdf
;~rfns ;ldltsf cWoIfsf] cf= j= @)&*÷&( sf] k|ltj]bg
cfb/0fLo z]o/wgL dxfg''efjx?,
o; k|fOd sdl;{on a}+s lnld6]8sf] kGw|f}+ jflif{s ;fwf/0f ;efdf pkl:yt e} ;efsf] ul/df a9fOlbg' ePsf]df ;Dk""0f{
z]o/wgL dxfg''efjx?nfO{ a}+s ;~rfns ;ldltsf] tkm{af6 d xflb{s :jfut Pj+ clejfbg ug{ rfxG5' . a}+s :yfkgf
ePsf] kGw|f}+ jif{ k""/f x''Fbf ;Dd a}+ssf z]o/wgL dxfg''efjx?, u|fxsju{, lgodg lgsfo Pj+ ;Dk""0f{ z''e]R5''sx?sf] ;bfzotf
/ dfu{ lgb]{zgsf sf/0f a}+sn] cfkm\gf] Joj;fonfO{ lj:tf/ u/L lg/Gt/?kdf lbuf] k|ult ub}{ cfPsf] 5 . o; k|fOd
sdl;{on a}+snfO{ g]kfns} Ps cu|0fL jfl0fHo a+}ssf] ?kdf :yflkt u/fpg oxfFx?af6 k|fKt ;Dk"0f{ ;xof]u Pj+ ;bfzotf
k|lt xflb{s cfef/ k|s6 ug{ rfxG5' .
ljZje/ km}lnPsf] sf]le8–!( sf] dfxfdf/L Pj+ ?; –o'qm]g o'4sf sf/0fn] lautsf s]xL jif{x? ;du| a}lsª If]q P+j
pBf]u÷Joj;fox?sf nfuL cToGt sl7g Pj+ r'gf}tLk"0f{ /x]sf] 5 . s/La tLg jif{ cuf8Laf6 ljZjJofkL ?kdf km}lnPsf]
sf]le8–!( sf] dxfdf/Ln] kf/]sf] gsf/fTds k|efjaf6 t+lu|b} u/]sf pBf]u Joj;fox?, a}+lsª If]qdf b]lvPsf] t/ntfsf]
rfkn] yk ;+s6df ws]lnPsf 5g\ . s/La Ps jif{ b]lv a}+lsª If]qdf b]lvPsf] t/ntf cefjn] lgdf{0fflwg cj:yfdf
/x]sf kl/of]hgfx? tyf cGo Jofkf/ Joj;fox?df cfjZos C0f k||jfx x'g g;s]]sf] P+j shf{sf] Jofh b/ j[l4sf sf/0f
;du| pBf]u÷Joj;fox? k|efljt ePsf 5g\ . o:tf] cj:yfdf a}+sn] C0fL tyf Joj;foLx?;Fu ;xsfo{ P+j xft]dfnf]
u/L ;+odtfsf ;fy r'gf}tLsf] ;fdgf ub}{ o; ;+s6af6 kf/ nufpg a+}sn] ;do ;fk]If cfjZos gLltx? cjnDjg ub{}
cfPsf] 5 . o:tf] sl7g kl/l:yltdf a}+s tyf C0fLsf] cfk;L ;xsfo{df Joj;fonfO{ lg/Gt/tf lbg ;s]sf] cj:yfdf
pko'Qm ;dodf pBf]u Joj;fox?n] k"gM ult lng] o; a}+ssf] b[9 ljZjf; /x]sf] 5 .
lautsf jif{x?df b]lvPsf sf]le8–!( / To; kl5sf a}lsª If]qn] ;fdgf ub}{ cfPsf] t/ntfsf] rfksf] sf/0fn] ;dLIff
cjlwdf a}+ssf] Joj;fo j[l4 P+jd d"gfkmf cfh{gdf s]xL k|efj k/]tf klg a}sn] ljut jif{x?af6 cjnDjg ub}{ cfPsf]
hf]lvd Joj:yfkgsf] k|efjsf/L gLlt, k"FhLsf] alnof] cfwf/, ;+rfng vr{df ckgfOPsf] ldtJooLtf, u}x| sf]ifdf cfwf/Lt
cfDbfgLsf] alnof] ;|f]t P+j bIf hgzlQm h:tf ;jn kIfx?af6 a}+sn] bL3{sfnLg ?kdf nufgLstf{x?nfO{ pRrtd
k|ltkmn k|bfg ug{ a}+s ;Ifd /x]sf] Joxf]/f o; ;efnfO{ hfgsf/L u/fpg rfxG5' .
dxfdf/Lsf] o; r'gf}tLsf aLr pknAw ;|f]tsf] clwstd\ pkof]u u/L t'ngfTds ?kdf pRr k|ltkmn cfh{g ug'{kg]{
cj:yfdf plePsf 5f}+ . o; ljifd kl/l:yltdf ;d]t a}+sn] ljut jif{x?df cjnDjg ub}{ cfPsf] hf]lvd Joj:yfkgsf
pTs[i7 /0fgLlt / sfo{z}nLsf sf/0f cfly{s ;"rsf+sx? ;Gtf]ifhgs 5g\ . cf=j= @)&*÷&( df a}+sn] s''n ?= ! va{
^% ca{ lgIfk ;+sng u/L s'n ?= ! va{ %% ca{ shf{ k|efj u/]sf] 5 . a}+ssf] shf{ hf]lvdnfO{ Go"lgs/0f ug{
/ ;DklQsf] u'0f:t/nfO{ dha't ug{ a}+sn] o; cf=j= df oy]:6 shf{ gf]S;fgL Joa:yf u/]sf]n] ;+rfng d''gfkmfdf ut
jif{sf] eGbf s]lx ;+s'rg cfO{ ?= # ca{ (% s/f]8 cfh{g u/]sf] 5 . o; cjlwdf a}+sn] v"b gfkmf ?= @ ca{ &* s/f]8
cfh{g u/]sf] 5 / olx cflh{t v'b d'gfkmfaf6 $ k|ltzt af]gz z]o/ / $=(% k|ltzt gub nfef+z ljt/0f ug]{ k|:tfj
o; ;efdf k|:t''t u/]sf 5f}+ .
a}+sn] ljutsf jif{x?df cfh{g u/]sf] d"gfkmfaf6 af]g; z]o/ hf/L ub}{ k"FhLsf] cfsf/ j[l4 ub}{ n}hfg] gLlt cjnDjg
u/]sf] sf/0fn] xfn a+}ssf] k"FhL kof{Kttf cg'kft ;Gtf]ifhgs :t/df /x]tfklg o; cf= j= df klg k"FhLdf s]xL yk ub{}
jt{dfg a}+lsË If]qsf] k|lt:kwf{Tds jftfj/0fdf a}+snfO{ cfkm\gf] Joj;fodf j[l4 ug{sf nflu ;'gf}nf] cj;/ /x]sf] 5 .
o; rfn' cfly{s jif{df d'n'ssf] ;du| j:t' cfoftdf s]xL sdL eP;Fu} ljk|]if0f cfk|jfxdf ;d]t b]lvPsf j[l4sf sf/0f
!$ dlxgfsf] nfdf] cjlw kl5 d'n'ssf] ;f]wgfGt/df art eP ;Fu} a+}lsª If]qsf] t/ntfdf s]xL ;'wf/ x'g] ;+s]t b]lvPsf]
5 . ;f]wgfGt/ artsf sf/0f d'n'ssf] a}b]lzs d'b|fsf] ;+lrltdf ;d]t b]lvPsf] j[l4n] b]zsf] cy{tGq qmdzM ;'wf/ x+'b}
hfg] ck]Iff ul/Psf] 5 .
sf]le8–!( dxfdf/Ln] ;du| Jofkf/ Joj;fodf k/]sf] gsf/fTds k|efj Pj+ a}+lsË If]qdf l;lh{t r/d t/ntf cefjsf]
afah''t, a}+sn] rfn'' cfly{s jif{sf] klxnf] q}df;df ;Gtf]ifhgs k|ult xfl;n u/]sf] 5 . a}+sn] rfn'' cf=j= sf] klxnf]
q}df;sf] cGTodf ?= ! va{ ^@ ca{ @! s/f]8 lgIf]k ;+sng u/L ?= ! va{ %$ ca{ #@ s/f]8 shf{ k|jfx u/]sf] 5 .
;f] cjlwdf a}+sn] ?= ! ca{ @% s/f]8 @# nfv ;+rfng d''gfkmf cfh{g ug''{sf ;fy} ?= *& s/f]8 $! nfv v''b d''gfkmf
cfh{g u/]sf] 5 . d''n'ssf] cy{tGq Pj+ a}+lsË If]qdf b]lvPsf] k|lts''n cj:yfdf xfn s]lx ;'wf/sf] ;+s]t b]vf k/] ;+u}
o; rfn' cf= j= df ;Gtf]ifhgs glthf xfl;n ug{ a}+s k""0f{ ?kdf k|of;/t 5 .
5
cGTodf,
o; a}Fssf] k|ultdf k|ToIf Pj+ k/f]If ?kn] ;xof]u k'¥ofpg' x'g] ;Dk"0f{ z]o/wgL dxfg'efjx?, u|fxsju{, g]kfn /fi6« a}+s,
lwtf]kq af]8{, g]kfn :6s PS;r]Gh, l;l8P; P08 SnLol/ª ln=, g]kfn ;/sf/sf ;DalGwt lgodg lgsfox? Pj+ cGo
;/f]sf/jfnfx?nfO{ o; cj;/df xflb{s wGojfb 1fkg ug{ rfxG5' . a}+ssf] pGglt / k|ultdf lg/Gt/ nugzLntfsf
;fy of]ubfg k'¥ofpg] a}+s Joj:yfkg tyf sd{rf/Lx?nfO{ ljz]if wGojfb lbg rfxG5' . ;fy} a}+ssf] x/]s ultljlwx?nfO{
oyfy{k/s, j:t'ut tyf ;sf/fTds 9+un] cfd hg;d'bfo ;dIf ;Dk|]if0f ul/lbg] ;+rf/ hut nufot cGo ;Dk"0f{
z'e]R5'sx? k|lt xflb{s cfef/ k|s6 ub{5' .
wGojfb .
======================================================================================
/fh]Gb| bf; >]i7
cWoIf
;~rfns ;ldlt,
k|fOd sdl;{on a}+s lnld6]8
ldltM @)&(÷)(÷@*
6
kGw|f}F aflif{s ;fwf/0f ;efdf
;+rfns ;ldltaf6 k|:t't cf=j= @)&*÷&( sf] k|ltj]bg
cfb/0fLo z]o/wgL dxfg'efjx?, -v_ /fli6«o cy{tGq
o; k|fOd sdl;{on a}+s lnld6]8sf] kGw|f}+ jflif{s ;fwf/0f s'n ufx{:Yo pTkfbg / cfly{s j[l4
;efdf pkl:yt x'g'ePsf ;Dk"0f{ z]o/wgL Pj+ cltly s]Gb|Lo tYofË ljefusf cg';f/ cfly{s jif{ @)&*÷&(
dxfg'efjx?df o; a}+ssf] ;+rfns ;ldlt xflb{s :jfut df %=*$ k|ltzt cfly{s j[l4 x'g] cg'dfg 5 .
tyf clejfbg ub{5 . cfly{s jif{ @)&*÷&( df a}+sn] s[lif If]qsf] j[l4 @=#) k|ltzt, pBf]u If]qsf] !)=!(
xfl;n u/]sf] pknlAwx?, a}+s ;~rfngdf b]lvPsf k|ltzt / ;]jf If]qsf] j[l4 %=(# k|ltzt /x]sf]
r'gf}ltx? Pj+ eljiodf a}+sn] clVtof/ ug]{ /0fgLlt Pj+ cg'dfg 5 . cfly{s jif{ @)&*÷&( df s'n ufx{:y
bL3{sflng of]hgfx?sf] af/]df o; k|ltj]bgdf ;+lIfKt pTkfbgdf s[lif, pBf]u / ;]jf If]qsf] c+z qmdzM
?kdf k|:t't ul/Psf] 5 . @#=(% k|ltzt, !$=@( k|ltzt / ^!=&^ k|ltzt
!_ /fli6«o÷cGt/f{li6«o cy{tGq /x]sf] 5 . cfly{s jif{ @)&*÷&( df s'n ufx{:Yo
-s_ ljZj cy{tGq art s'n ufx{:Yo pTkfbgsf] (=@& k|ltzt k'u]sf]
5 . s'n l:y/ k"FhL lgdf{0f / s'n /fli6«o artsf]
?;–o'qm]g o'4sf sf/0f ljZj cy{tGqsf] j[l4b/df s'n ufx{:Yo pTkfbg;Fusf] cg'kft qmdzM @(=#&
lu/fj6 cfpg] b]lvPsf] 5 . cGt/f{li6«o d'b|f sf]ifsf k|ltzt / #!=(% k|ltzt /x]sf] 5 . cfly{s jif{
cg';f/ ;g\ @)@! Dff ^=! k|ltztn] lj:tf/ ePsf] @)&*÷&( df s'n ko{6s cfudg ;+Vofdf pNn]Vo
ljZj cy{tGqsf] j[l4b/ ;g\ @)@@ df #=^ k|ltztdf j[l4 ePsf] 5 . ;dLIff jif{df cfudg ko{6s ;+Vof
;Lldt x'g] b]lvPsf] 5 . ljsl;t cy{tGqsf] j[l4b/ #,&),()^ /x]sf]5 . cfly{s jif{ @)&&÷&* df pQm
cl3Nnf] jif{sf] %=@ k|ltztsf] t'ngfdf ;g\ @)@@ ;+Vof &),!@# /x]sf] lyof] . cfly{s jif{ @)&*÷&( df
df #=# k|ltztdf ;Lldt x'g] / pbLodfg cy{tGqsf] s'n ljB'tsf] hl8t Ifdtf j[l4 eO{ @,!*(=^ d]ufjf6
j[l4b/ cl3Nnf] jif{sf] ^=* k|ltztsf] t'ngfdf ;g\ k'u]sf] 5 . h; dWo] hnljB't @,)&%=$ d]ufjf6,
@)@@ df #=* k|ltztdf ;Lldt x'g] sf]ifsf] k|If]k0f 5 . ;f]nf/ %$=* d]ufjf6, sf]h]g]/];g ^=) d]ufjf6 / yd{n
ljut Ps bzsdf ljsl;t d'n'sx?sf] cf};t %#=$ d]ufjf6 ljB't hl8t Ifdtf /x]sf] 5 .
d'b|f:kmLlt !=% k|ltzt /x]sf]df ;g\ @)@@ df %=& d'b|f:kmLlt
k|ltzt k'Ug] cGt/f{li6«o d'b|f sf]ifsf] k|If]k0f 5 .
o;}u/L pbLodfg tyf ljsf;zLn d'n'sx?df ljut @)&( c;f/ dlxgfdf jflif{s ljGb'ut pkef]Qmf
Ps bzssf] cf};t d'b|f:kmLlt %=! k|ltzt /x]sf]df d'b|f:kmLlt *=)* k|ltzt /x]sf] 5 . @)&* c;f/
;g\ @)@@ df *=& k|ltzt k'Ug] sf]ifsf] k|If]k0f 5 . dlxgfdf o:tf] d'b|f:kmLlt $=!( k|ltzt /x]sf] lyof] .
?;–o'qm]g o'4sf sf/0f cGt/f{li6«o Jofkf/ ;d]t ljZjJofkL ?kdf ePsf] OGwg tyf vfB j:t'sf]
k|efljt ePsf] 5 . ;g\ @)@! Dff !)=! k|ltztn] d"Noj[l4, cfk"lt{ k|0ffnLdf cfPsf] Jojwfg tyf
lj:tf/ ePsf] ljZj Jofkf/ cfotgsf] j[l4b/ ;g\ g]kfnL d'b|f cd]l/sL 8n/;Fu cjd"Nog ePsf
@)@@ df %=) k|ltztdf ;Lldt x'g] cGt/f{li6«o d'b|f sf/0fn] cfly{s jif{ @)&*÷&( sf kl5Nnf dlxgfx?df
sf]ifsf] k|If]k0f /x]sf] 5 . d'b|f:kmLltdf rfk /xg k'Uof] . oBlk cfly{s jif{
@)&*÷&( sf] z'?jftL dlxgfx?df Go"g d'b|f:kmLlt
pRr d"No j[l4nfO{ lgoGq0f ug{ ljleGg /x]sf] sf/0f jflif{s cf};t pkef]Qmf d'b|f:kmLlt ^=#@
d'n'ssf s]Gb|Lo a}+sx?n] sl;nf] df}lb|s gLltsf] k|ltztdf ;Lldt /xof] . cl3Nnf] cfly{s jif{ o:tf]
sfo{lbzfcg'?k Aofhb/df j[l4 u/]sf 5g\ . cd]l/sL d'b|f:kmLlt #=^) k|ltzt /x]sf] lyof] .
km]8/n l/he{, a}+s ckm Sofgf8f, ef/tLo l/he{
a}+snufotn] Aofhb/df xfnsf dlxgfx?df k6s cl3Nnf] cfly{s jif{sf] t'ngfdf cfly{s jif{ @)&*÷&(
k6s j[l4 u/]sf 5g\ . cd]l/sL km]8/n l/he{n] h'g df vfB tyf k]o kbfy{ ;d"x cGtu{t £o" Tfyf t]n,
@)@@ df km]8/n km08 /]6df &% cfwf/ laGb'n] j[l4 bfn tyf u]8fu'8L, ;'tL{hGo kbfy{ / dlb/fhGo k]o
u/L !=%–!=&% k|ltzt k'¥ofPsf] 5 . ef/tLo l/he{ kbfy{ pk;d"xsf] d"Noj[l4 qmdzM @^=!# k|ltzt,
a}+sn] gLltut b/df @)@@ d] dlxgfdf $) cfwf/ (=(@ k|ltzt, (=*$ k|ltzt / *=%& k|ltzt /x]sf] 5 .
laGb'n] tyf h'g dlxgfdf %) cfwf/ laGb'n] j[l4 u/L ;fy}, u}/–vfB tyf ;]jf ;d"x cGtu{t oftfoft, lzIff,
$=() k|ltzt k'¥ofPsf] 5 . kmlg{l;Ë tyf 3/fo;L pks/0fx? / dgf]/~hg tyf
-;|f]tM cGt/fli6«o d'åf sf]ifsf] ;g\ @)@@ sf] cfly{s k|ltj]bg_
;+:s[lt pk;d"xsf] d'b|f:kmLlt qmdzM !%=*@ k|ltzt,
*=&* k|ltzt, &=)( k|ltzt / ^=^* k|ltzt /x]sf] 5 .
7
j}b]lzs Jofkf/ j}b]lzs nufgL $=( k|ltztn] sdL cfO{ ?= !* ca{
cfly{s jif{ @)&*÷&( df s'n j:t' lgof{t $!=& %^ s/f]8 sfod ePsf] 5 . cl3Nnf] jif{ k"FhLut
k|ltztn] j[l4 eO{ ?= @)) ca{ # s/f]8 k'u]sf] 5 . 6«fG;km/ ?= !% ca{ @^ s/f]8 / v'b k|ToIf j}b]lzs
cl3Nnf] jif{ o:tf] lgof{t $$=$ k|ltztn] j[l4 ePsf] nufgL ?= !( ca{ %! s/f]8 /x]sf] lyof]
lyof] . uGtJosf cfwf/df ef/t tyf cGo d'n'stkm{ ;dLIff jif{df zf]wgfGt/ l:ylt ?= @%% ca{ @^
ePsf] lgof{t qmdzM $%=( k|ltzt / #)=$ k|ltztn] s/f]8n] 3f6fdf /x]sf] 5 . cl3Nnf] jif{ zf]wgfGt/
j[l4 ePsf] 5 eg] rLgtkm{sf] lgof{t @)=$ k|ltztn] l:ylt ?= ! ca{ @# s/f]8n] artdf /x]sf] lyof] .
36]sf] 5 . j:t'ut cfwf/df kfd t]n, pmgL un+}rf, cd]l/sL 8n/df cl3Nnf] jif{ #! nfvn] 3f6fdf
wfuf] -kf]lni6/ tyf cGo_, lh+s lz6, h'; nufotsf /x]sf] zf]wgfGt/ l:ylt ;dLIff jif{df @ ca{ !$
j:t'sf] lgof{t a9]sf] 5 eg] ;f]ofljg t]n, cn}+rL, s/f]8n] 3f6fdf /x]sf] 5 .
lrof, cf}ifwL -cfo'j]{lbs_, tf/ nufotsf j:t'sf] ljlgdo b/ / ;l~rlt
lgof{t 36]sf] 5 .
@)&* c;f/ d;fGtsf] t'ngfdf @)&( c;f/ d;fGtdf
;dLIff jif{df s'n j:t' Jofkf/ 3f6f @#=) k|ltztn] cd]l/sL 8n/;Fu g]kfnL ?k}ofF ^=^$ k|ltztn]
j[l4 eO{ ?= !&@) ca{ $@ s/f]8 k'u]sf] 5 . cl3Nnf] cjd"Nog ePsf] 5 . cl3Nnf] jif{ g]kfnL ?k}ofF
jif{ o:tf] 3f6f @&=# k|ltztn] a9]sf] lyof] . ;dLIff !=! k|ltztn] clwd"Nog ePsf] lyof] . @)&( c;f/
jif{df lgof{t–cfoft cg'kft !)=$ k|ltzt k'u]sf] 5 . d;fGtdf cd]l/sL 8n/ Pssf] vl/b ljlgdo b/
cl3Nnf] jif{ o:tf] cg'kft (=@ k|ltzt /x]sf] lyof] . ?= !@&=%! k'u]sf] 5 . @)&* c;f/ d;fGtdf pQm
;dLIff jif{df ef/taf6 kl/jTo{ ljb]zL d'b|f e'QmfgL ljlgdo b/ ?= !!(=)$ /x]sf] lyof] .
u/L ?= @!# ca{ %# s/f]8 a/fa/sf] j:t' cfoft @)&* c;f/ d;fGtdf ?= !#(( ca{ # s/f]8 a/fa/
ePsf] 5 . cl3Nnf] jif{ o:tf] cfoft ?= !() ca{ %$ /x]sf] s'n ljb]zL ljlgdo ;l~rlt !#=! k|ltztn]
s/f]8 a/fa/sf] ePsf] lyof] . sdL cfO{ @)&( c;f/ d;fGtdf ?= !@!% ca{ *)
ljk|]if0f cfk|jfx s/f]8 sfod ePsf] 5 . cd]l/sL 8n/df o:tf]
cfly{s jif{ @)&*÷&( df ljk|]if0f cfk|jfx $=* k|ltztn] ;l~rlt @)&* c;f/ d;fGtdf !! ca{ &% s/f]8
j[l4 eO{ ?= !))& ca{ #! s/f]8 k'u]sf] 5 . cl3Nnf] /x]sf]df @)&( c;f/ d;fGtdf !*=( k|ltztn] sdL
jif{ ljk|]if0f cfk|jfx (=* k|ltztn] a9]sf] lyof] . cfO{ ( ca{ %$ s/f]8 sfod ePsf] 5 .
cd]l/sL 8n/df ljk|]if0f cfk|jfx @=@ k|ltztn] j[l4 s'n ljb]zL ljlgdo ;l~rltdWo] g]kfn /fi6« a}+sdf
eO{ * ca{ ## s/f]8 k'u]sf] 5 . cl3Nnf] jif{ o:tf] /x]sf] ;l~rlt @)&* c;f/ d;fGtdf ?= !@$$
cfk|jfx *=@ k|ltztn] a9]sf]lyof] . ca{ ^# s/f]8 /x]sf]df @)&( c;f/ d;fGtdf !%=!
;dLIff jif{df j}b]lzs /f]huf/Lsf nflu clGtd >d k|ltztn] sdL cfO{ ?= !)%^ ca{ #( s/f]8 sfod
:jLs[lt -;+:yfut tyf JolQmut–gofF / j}wflgsLs/0f_ ePsf] 5 . a}+s tyf ljQLo ;+:yf -g]kfn /fi6«
lng] g]kfnLsf] ;+Vof pNn]Vo ?kdf j[l4 eO{ a}+safx]s_ ;Fu /x]sf] ljb]zL ljlgdo ;l~rlt @)&*
#,%$,^^) k'u]sf] 5 . cl3Nnf] jif{ o:tf] ;+Vof ^@=* c;f/ d;fGtdf ?= !%$ ca{ #( s/f]8 /x]sf]df @)&(
k|ltztn] 36]sf] lyof] . To;}u/L, j}b]lzs /f]huf/Lsf c;f/ d;fGtdf #=@ k|ltztn] j[l4 eO{ ?= !%( ca{
nflu k'gM >d :jLs[lt lng] g]kfnLsf] ;+Vof ;dLIff $! s/f]8 k'u]sf] 5 . @)&( c;f/ d;fGtsf] s'n
jif{df !(*=% k|ltztn] j[l4 eO{ @,*@,$%# k'u]sf] ljb]zL ljlgdo ;l~rltdf ef/tLo d'b|fsf] c+z @#=^
5 . cl3Nnf] jif{ o:tf] ;+Vof $^=* k|ltztn] 36]sf] k|ltzt /x]sf] 5 .
lyof] . ;dLIff jif{df v'b 6«fG;km/ $=# k|ltztn] j[l4 Aofhb/
eO{ ?= !!!& ca{ ** s/f]8 k'u]sf]5 . cl3Nnf] jif{ @)&* c;f/df (!–lbg] 6«]h/L aLnsf] efl/t cf};t
o:tf] 6«fG;km/ (=! k|ltztn] a9]sf] lyof] . Aofhb/ $=%% k|ltzt /x]sf]df @)&( c;f/df !)=^^
rfn' vftf Pjd\ zf]wgfGt/ l:ylt k|ltzt /x]sf] 5 . jfl0fHo a}+sx?aLrsf] cGt/–a}+s
cfly{s jif{ @)&*÷&( df rfn' vftf ?= ^@# ca{ ## sf/f]af/sf] efl/t cf};t Aofhb/ @)&* c;f/df
s/f]8n] 3f6fdf /x]sf] 5 . cl3Nnf] jif{ rfn' vftf ?= $=!@ k|ltzt /x]sf]df @)&( c;f/df ^=(( k|ltzt
### ca{ ^& s/f]8n] 3f6fdf /x]sf] lyof] . cd]l/sL /x]sf] 5 . df}lb|s gLltsf] ;+rfng nIosf] ?kdf
8n/df cl3Nnf] jif{ @ ca{ *$ s/f]8n] 3f6fdf /x]sf] lnOg] cf};t cGt/–a}+s Aofhb/ @)&( c;f/df &=)!
rfn' vftf ;dLIff jif{df % ca{ !& s/f]8n] 3f6fdf k|ltzt /x]sf] 5 .
/x]sf] 5 . jfl0fHo a}+sx?sf] cf};t cfwf/ b/ @)&* c;f/df
;dLIff jif{df k"FhLut 6«fG;km/ #$=% k|ltztn] sdL ^=*^ k|ltzt /x]sf]df @)&( c;f/df (=%$ k|ltzt
cfO{ ?= ( ca{ (( s/f]8 k'u]sf]5 eg] v'b k|ToIf sfod ePsf] 5 . @)&( c;f/df jfl0fHo a}+sx?sf]
lgIf]ksf] efl/t cf};t Aofhb/ &=$! k|ltzt /
8
shf{sf] efl/t cf};t Aofhb/ !!=^@ k|ltzt /x]sf] u/L s'n ?= ^) ca{ t/ntf k|zf]rg ul/Psf] 5 .
5 . cl3Nnf] jif{ o:tf b/x? qmdzM $=^% k|ltzt cl3Nnf] jif{sf] ;f]xL cjlwdf s'n ?= #)# ca{ @(
/ *=$# k|ltzt /x]sf lyP . s/f]8 t/ntf k|zf]rg ePsf] lyof] .
dh{/ / k|flKt cfly{s jif{ @)&*÷&( df l/kf]dfkm{t ?= $&^ ca{
ljQLo :yfloTj ;'b[9Ls/0f ug]{ p2]Zon] o; a}+sn] #( s/f]8, ;f]em} vl/bdfkm{t ?= %% ca{ (@ s/f]8
a}+s tyf ljQLo ;+:yf ufEg]÷ufleg] tyf k|flKt / :yfoL t/ntf ;'ljwfdfkm{t ?= (!&) ca{ !!
;DaGwL k|lqmof z'? u/fP kZrft\ @)&( c;f/ s/f]8u/L s'n ?= (&)@ ca{ $! s/f]8 t/ntf k|jfx
d;fGt;Dd s'n @$% a}+s tyf ljQLo ;+:yfx? ul/Psf] 5 . cl3Nnf] jif{ s'n ?= $#* ca{ @*
dh{/÷k|flKt k|lqmofdf ;fd]n ePsf 5g\ . o; dWo] s/f]8 t/ntf k|jfx ePsf] lyof] . ;dLIff jif{df o;
!&* ;+:yfx?sf] Ohfht vf/]h x'g uO{ ^& ;+:yf a}+sn] ljb]zL ljlgdo ahf/ -jfl0fHo a}+sx?_ af6
sfod ePsf 5g\ . 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]
lgIf]k ;+sng tyf shf{ k|jfx jif{ ljb]zL ljlgdo ahf/af6 cd]l/sL 8n/ # ca{
;dLIff jif{df a}+s tyf ljQLo ;+:yfx¿sf] lgIf]k ^) s/f]8 vl/b u/L ?= $@% ca{ ($ s/f]8 t/ntf
( k|ltztn] a9]sf] 5 . cl3Nnf] jif{ o:tf] lgIf]k k|jfx ul/Psf] lyof] .
@!=$ k|ltztn] a9]sf] lyof] . @)&( c;f/df a}+s ;dLIff jif{df cd]l/sL 8n/ $ ca{ (@ s/f]8 laqmL
tyf ljQLo ;+:yfx¿sf] s'n lgIf]kdf rNtL, art u/L ?= %(% ca{ @# s/f]8 a/fa/sf] ef/tLo ?k}oFf
/ d'2tLsf] c+z qmdzM *=( k|ltzt, @&=^ k|ltzt vl/b ePsf] 5 . cl3Nnf] jif{ cd]l/sL 8n/ $ ca{
/ %%=* k|ltzt /x]sf] 5 . cl3Nnf] jif{ o:tf] c+z %$ s/f]8 nufot cGo ljb]zL d'b|f ljqmL u/L ?=
qmdzM !)=$ k|ltzt, #$=@ k|ltzt / $& k|ltzt %#% ca{ @# s/f]8 a/fa/sf] ef/tLo ?k}Fof vl/b
/x]sf]lyof] . ePsf] lyof] .
@)&( c;f/ d;fGtdf a}+s tyf ljQLo ;+:yfx?sf] ljQLo kx'Fr
s'n lgIf]kdf ;+:yfut lgIf]ksf] c+z #*=# k|ltzt
/x]sf] 5 . @)&* c;f/ d;fGtdf o:tf] lgIf]ksf] c+z s'n &%# :yfgLo txdWo] @)&( c;f/;Dd &%@ txdf
$@=& k|ltzt /x]sf] lyof] . jfl0fHo a}+sx?sf zfvf lj:tf/ ePsf 5g\ . @)&*
c;f/;Dd &%) :yfgLo txdf jfl0fHo a}+sx?sf
;dLIff jif{df a}+s tyf ljQLo ;+:yfx?af6 lghL zfvf lj:tf/ ePsf lyP .
If]qdf k|jflxt shf{ !#=! k|ltztn] a9]sf] 5 .
cl3Nnf] jif{ o:tf] shf{ @&=# k|ltztn] a9]sf] lyof] . Ohfhtk|fKt a}+s tyf ljQLo ;+:yfx?sf] ;+Vof @)&(
c;f/ d;fGtdf !@^ /x]sf] 5 . o; dWo] @^ jfl0fHo
@)&( c;f/ d;fGtdf a}+s tyf ljQLo ;+:yfx?af6 a}+s, !& ljsf; a}+s, !& ljQ sDkgL, ^% n3'ljQ
lghL If]qdf k|jflxt shf{dWo] u}/–ljQLo ;+:yfut ljQLo ;+:yf / ! k"jf{wf/ ljsf; a}+s ;~rfngdf
If]qtkm{ k|jfx ePsf] shf{sf] c+z ^#=# k|ltzt / /x]sf 5g\ . a}+s tyf ljQLo ;+:yfx?sf] zfvf ;+Vof
JolQmut tyf 3/kl/jf/ If]qtkm{ k|jfx ePsf] shf{sf] @)&* c;f/ d;fGtdf !),^*# /x]sf]df @)&( c;f/
c+z #^=& k|ltzt /x]sf] 5 . cl3Nnf] jif{ o:tf] c+z d;fGtdf !!,%@* k'u]sf] 5 .
qmdzM ^#=^ k|ltzt / #^=$ k|ltzt /x]sf] lyof] .
-;|f]tM g]kfn /fi6« a}+s, b]zsf] jt{dfg cfly{s tyf ljQLo
;dLIff jif{df lghL If]qtk{m k|jflxt shf{dWo] jfl0fHo l:ylt_
a}+sx?sf] shf{ k|jfx !@=& k|ltztn], ljsf; a}+sx?sf]
shf{ k|jfx !#=( k|ltztn] / ljQ sDkgLx?sf] @(=* @= cfly{s jif{ @)&*÷&( df a}+ssf] sf/f]af/sf]
k|ltztn] a9]sf]5 . l;+xfjnf]sg
cfly{s jif{ @)&*÷&( df a}+s tyf ljQLo ;+:yfx?sf] sf]le8–!( ;+qmd0fsf sf/0f ;[lh{t k|lts'n kl/l:ytLdf
s[lif If]qtkm{sf] shf{ !(=& k|ltztn], cf}Bf]lus ;d]t o; a}+sn] cfkm\gf] ;]jfu|fxLx?nfO{ k|efjsf/L a}+lsË
pTkfbg If]qtkm{sf] shf{ * k|ltztn], oftfoft, ;+rf/ ;]jf ;'ljwf k|bfg ub}{ cfPsf] 5 . o; cfly{s jif{df
tyf ;fj{hlgs ;]jf If]qtkm{sf] shf{ !%=& k|ltztn], u|fxscfwf/ lj:tf/ ub}{ z]o/wgLx?nfO{ ;Gtf]ifhgs
yf]s tyf v'b|f Jofkf/ If]qtkm{sf] shf{ !#=# k|ltztn] k|ltkmn lbg ;kmn ePsf] 5 . o; a}+ssf] sf7df08f}+
/ ;]jf pBf]u If]qtkm{sf] shf{ *=& k|ltztn] a9]sf] pkTosf leq $( tyf pkTosf aflx/ !#* u/L hDdf !*&
5 . j6f zfvf sfof{no tyf !)* j6f Pl6Pd k'u]sf 5g\ .
t/ntf Joj:yfkg cfly{s jif{ @)&*÷&( sf] ljQLo ljj/0f Nepal Financial
Reporting Standard (NFRS) adf]lhdsf] ;j{dfGo n]vfsf]
;dLIff jif{df l/e;{ l/kf]dfk{mt ?= @* ca{#% s/f]8 / l;4fGtsf cfwf/df tof/ ul/Psf] 5 . ;dLIff cjlw /
lgIf]k ;+sng af]nsaf]ndfkm{t ?= #! ca{ ^% s/f]8 cl3Nnf] cfly{s jif{ @)&&÷&* sf] ljQLo ljj/0f cg';f/
9
o; a}+ssf] ljQLo l:yltsf] t'ngfTds cj:yf b]xfo adf]lhd /x]sf 5g\ .
t'ngfTds k|ult ljj/0f
ljj/0f cf=a= @)&*÷&( cf=a= @)&&÷&* a9L÷ -36L_ k|ltzt
r'Qmf k"FhL* 18,656,322,804 16,083,036,900 2,573,285,904 16.00%
s'n ;DklQ 210,361,895,395 190,537,218,732 19,824,676,664 10.40%

s'n lgIf]k 165,417,670,190 160,181,887,630 5,235,782,560 3.27%
s'n shf{ 154,919,821,208 142,930,685,553 11,989,135,655 8.39%
s'n nufgL 31,448,867,583 23,472,877,321 7,975,990,263 33.98%
v'b Jofh cfDbfgL 6,186,965,708 5,948,890,550 238,075,158 4.00%
sd{rf/L vr{ 1,670,363,055 1,591,342,525 79,020,530 4.97%
cGo ;+rfng vr{ 801,593,529 796,691,927 4,901,602 0.62%
s'n ;+rfng vr{ 2,471,956,584 2,388,034,452 83,922,132 3.51%
;+rfng d'gfkmf 3,951,434,021 4,685,333,842 (733,899,821) -15.66%
v'b gfkmf÷-gf]S;fg_ 2,787,336,347 3,268,400,687 (481,064,341) -14.72%
*k|:tfljt af]gz z]o/ afx]s lbOPsf] s[lif If]qdf Jofa;flos s[lif v]tL, kz'kfng
-s_ lgIf]k kl/rfng tyf dT:okfngdf nufgL a9fpg] gLlt cjnDag u/L
;f]xL adf]lhd nufgLsf] k"jf{wf/ tof/ ul//x]sf] 5 .
d'n'sdf b]lvPsf] t/ntf cefjsf sf/0f o; a}+sn] k|fyldstf k|fKt If]qdf g]kfn /fi6« a}+sn] tf]s] adf]lhd
ut cfly{s jif{sf] eGbf #=@& k|ltztn] dfq a[l4 cfkm\gf] nufgL la:tf/ ub} nfg] s|ddf 5 . o;} u/L
u/L o; cf= a= df s'n lgIf]k ?= ! va{ ^% ca{ $@ a}+sn] ;x'lnotk"0f{ shf{nfO{ klg k|yldstfsf ;fy
s/f]8 ;+sng u/]sf] 5 . ;fy} ;+:yfut Pj+ 7"nf nufgL ub}{ cfPsf] 5 . a}Fsn] ljut kfFr jif{x?df
lgIf]ksf] c+znfO{ l;dfdf /fvL qmlds ?kn] ;fgf k|jfx u/]sf] shf{sf] lgDg adf]lhd ;ldIff ul/Psf]
lgIf]kstf{x?nfO{ a9fPsf] 5 . a}+ssf] laut kfFr 5 .
jif{sf] lgIf]k ;+sng o; k|sf/ /x]sf] 5 .
-u_ ;+rfng / v'b d'gfkmf
s'n lgIf]k -?= ca{df_
160.18 165.42
o; cjlwdf ljZj cy{tGq ;Fu} d''n'ssf] cy{tGqdf
129.79 klg gsf/fTds c;/ k/];+u} ;du| cfly{s ls|ofsnfk
;':tfPsf] cj:yf b]lvPsf] 5 . g]kfn /fi6« a}+ssf]
81.30 86.26 lgb]{zgdf a}+ssf] shf{ hf]lvdnfO{ lgoGq0f ug{ /
;DklQsf] u'0f:t/nfO{ sfod /fvL yk dha't agfpg
a}sn] o; cfly{s jif{df oy]i6 shf{ gf]S;fgL Joj:yf
ul/Psf] sf/0f ut jif{df a}Fsn] ?= $ ca{ ^* s/f]8
2074-75 2075-76 2076-77 2077-78 2078-79
;~rfng d'gfkmf cfh{g u/]sf]df o; cf=j= df s]lx
;+s'rg eO{ ?= # ca{ (% s/f]8 cfh{g u/]sf] 5 .
-v_ shf{ k|jfx
s'n ;+rfng d'gfkmf -?= s/f]8df_
s]lGb|o a}+ssf] sl;nf] df}lb|s gLltsf sf/0f ut
468.53
jif{sf] t'ngfdf o; cfly{s jif{df a}+sn] shf{ k|jfxdf 395.14
326.85
Go"g k|ltztn] a[l4 ub}{ ?= ! va{ %$ ca{ (@ s/f]8 242.58
314.95
k'¥ofPsf] 5 .
s'n shf{ k|jfx -?= ca{df_
154.92
142.93
115.47
76.30 2074-75 2075-76 2076-77 2077-78 2078-79

71.17
o;} u/L ut jif{ v'b d'gfkmf ?= # cj{ @^ s/f]8

/x]sf]df o; cf=j= df v'b d'gfkmf ?= @ cj{ &*
2074-75 2075-76 2076-77 2077-78 2078-79 s/f]8 /x]sf] 5 h'g cl3Nnf] aif{sf] t'ngfdf !$=&@
o; a}+sn] d'n'sn] pRr k|fyldstfsf ;fy dxTj k|ltztn] 36L xf] .
10
v'b d'gfkmf -?= s/f]8df_ 5nkmn u/L cfjZos gLltx? th'{df ug]{ ul/Psf]
326.84
5 . a}Fssf ;Dk"0f{ sfdsf/afxLx? k|rlnt sfg'g
278.73
219.88 225.15 adf]lhd eP u/]sf] 5÷5}g To;sf] olsg ug]{ p2]Zon]
172.62
a}Fsdf Pp6f :jtGq cfGtl/s n]vfkl/If0f ljefu
u7g u/L To; ljefunfO{ u}/sfo{sf/L ;+rfnssf]
;+of]hsTjdf ul7t n]vfkl/If0f ;ldlt dftxt
2074-75 2075-76 2076-77 2077-78 2078-79 /flvPsf] 5 . a}+sn] cfGtl/s lgoGq0f k|0ffnL dha't
-3_ nfef+;÷af]g; z]o/ ug{ tyf hf]lvd Joj:yfkg k|0ffnL k|efjsf/L agfpg
Risk Based Internal Audit sf] cjwf/0ffdf cfGtl/s
o; a}+sn] cfkm\gf nufgLstf{x?nfO{ pRrtd k|ltkmn n]vfk/LIf0f ljefuaf6 n]vfkl/If0f ug]{ ul/Psf] 5 .
k|bfg ug{ ljz]if k|fyldstf lbFb} cf=j= @)&*÷&( df laleGg a}+lsË hf]lvdx? Joj:yfkgsf nflu a}+sn]
g]kfn /fi6« a}+saf6 :jLs[t eP cg';f/ c;f/ d;fGtdf ;w} clu|d ;ts{tf ckgfpFb} cfPsf] 5 .
sfod /x]sf]] s"n k"FhL ?= !*,^%^,#@@,*)$.– sf] $
k|ltztn] ?= &$^,@%@,(!@.– af]gz z]o/ tyf $=(% -v_ ;+:yfut ;'zf;g
k|ltztn] x'g] ?= (@#,$*&,(&(.– ljt/0f ug]{ k|:tfj ;+:yfsf] nIo k|flKt tyf bL3{sfnLg ;kmntfsf]
oxfFx? ;dIf :jLs[ltsf] nflu k]z ub{5f}F+ . nflu ;+:yfut ;'zf;g sfod /xg' ckl/xfo{
nfef+; -?= s/f]8df_ ePsf]n] o;sf] kl/kfngfdf a}+s ;b}j k|ltj4 /x]sf]
s'n nfef+;
257
267
5 . ;+:yfut ;'zf;gsf] dfu{ bz{s eg]sf] g]kfn
af]g; z]o/
gub nfef+; 210 210 /fi6« a}+s tyf cGo lgofds lgsfo af6 hf/L x'g]
154 154
167 lgb]{zg tyf gLlt lgodx? ePsf]n] o:tf gLlt
128 128 lgb]{zgx?nfO{ cIf/z kfngf ub}{ cl3 a9\g] gLlt
92
75
o; a}+sn] lnPsf] 5 . a}+sdf ;+:yfut ;'zf;g sfod
u/L ;Dk"0f{ ;/f]sf/jfnf kIfx?sf] lxtnfO{ ;jf]{kl/
- - -
10
agfpg a}+ssf] b}lgs sfo{ ;~rfng k|0ffnL lgolGqt
2074-75 2075-76 2076-77 2077-78 2078-79 Pj+ r':tb'?:t 9Ën] ;~rflnt x'g] jftfa/0f >[hgf
-ª_ zfvf ;~hfndf lj:tf/ ul/Psf] 5 . h;sf lgldQ Joj:yfkg tyf ;~rfns
:t/sf cfGtl/s n]vfk/LIf0f, hf]lvd Joj:yfkg,
g]kfn /fi6« a}+ssf] PsLs[t lgb]{zgsf] kfngf dfgj ;+;fwg h:tf ljleGg ;ldltx? lgdf{0f u/L
ub}{ a}+ssf] Joj;fo j[l4 ug]{ / ;/sf/L sf/f]af/ lgoldt cg'udg tyf cfjZos lgb]{zg ug]{ ul/Psf]
ug]{ u/L a}+ssf zfvfx? ;ft} k|b]zx?df cjl:yt 5 .
5g\ . k|b]lzs dftxftsf zfvfx?sf] sfdsf/afxLsf]
cg'udg / lg/LIf0f ug{ ;ft} k|b]zdf 5'§} k|fb]lzs -u_ dfgj ;+zfwg
sfof{nosf] Joj:yf ;d]t ul/Psf] 5 . ljut jif{df o; a}+ssf] æsd{rf/L Joj:yfkg tyf ;]jf ;'ljwfæ
a}+sn] ! gofF zfvf lj:tf/ tyf Ps} :yfgdf ePsf] ;ldltn] ;do ;fk]If sd{rf/Lsf] ;]jf ;'ljwfsf]
ljleGg zfvfx? ;dfof]hg u/L a}+ssf] hDdf zfvf k'g/fjnf]sg u/L cfjZos a[l4 ug]{ tyf sd{rf/Lx?sf]
;~hfn !*& /x]sf 5g\ . kf/bzL{ 9+un] :t/ a[l4 ug{sf ;fy} bIf hgzlQmsf]
#= ljljw egf{, 5gf}6, lgo'lQm, kb:yfkgf, ;?jf, j[lQ ljsf;,
sfo{;Dkfbg d"Nof°g, k'/:sf/ tyf ;hfosf nflu
-s_ cfGtl/s lgoGq0f / hf]lvd Joj:yfkg cfjZos gLlt tof/ kf/L k|efjsf/L 9Ën] sfof{Gjog
a}FlsË If]qdf s]lx ;doaf6 a9\b} uPsf] ;+rfng ub}{ cfPsf] 5 . a}Fsn] cfkm\gf] k|ultsf nflu /rgfTds
hf]lvd / cgnfO{g ;'lawfx?af6 a}Fssf] ;du| hf]lvd e"ldsf v]Ng] sd{rf/Lsf] of]ubfgnfO{ pRr d'Nofª\sg
Joj:yfkgdf yk r'gf}ltx? b]lvPsf 5g\ . o; a}Fsn] ub}{ cfkm\gf hgzlQmnfO{ yk bIftf k|bfg ug{ ;do
;+rfng hf]lvd Go"gLs/0fsf nflu k|To]s sf/f]af/ ;fk]If cfjZos cfGtl/s, jfXo tyf cGt{/fli6«o
If]qsf] gLlt, lgod / sfo{ljlw tof/ u/L k|efjsf/L tflnd k|bfg ub{} cfPsf] 5 . o;}qmddf a}+sn] o;
?kdf nfu' ub}{ cfpg] s|ddf IS Audit nfO{ lg/Gt/tf cfly{s jif{df !$^ j6f ljleGg tflnd, ;]ldgf/
lbb}+ cfPsf] 5 . o;sf ;fy} ljleGg sf/f]af/sf] tyf cGt/lqmof sfo{qmddf !,%!@ sd{rf/Lx?nfO{
;+rfngdf ;+nUg sd{rf/Lx?sf] sf/f]af/sf] k|s[lt ;dfj]z u¥of] . ;fy} ;dLIff jif{df a}+sdf !,^)) hgf
cg';f/ clwsf/ k|Tofof]hg ul/Psf] 5 . ;+rfng sd{rf/Lx? sfo{/t /x]sf]df (#( k'?if sd{rf/L 5g\
hf]lvd Go"gLs/0fsf nflu Steering Committee u7g eg] ^^! hgf dlxnf sd{rf/L /x]sf 5g\ .
u/L x/]s lbgsf] sf/f]af/nfO{ lgu/fgL ul/Psf] 5 .
o:tf hf]lvd Go"lgs/0fsf nflu canDag ul/Psf
pkfox?sf] ljifodf hf]lvd Joj:yfkg ;ldltdf
11
-3_ ;+:yfut ;fdflhs pQ/bfloTj a}+sn] cfkm\gf] nufgL lj:tf/ u/L d'n'ssf] k"j{fwf/
g]kfn /fi6« a}+ssf] lgb]{zg cg';f/ k|To]s cfly{s ljsf;sf nflu dxTjk"0f{ of]ubfg ub}{ cfPsf] 5 /
jif{sf] v'b d'gfkmfaf6 ! k|ltzt /sd ;+:yfut o;nfO{ cfufdL aif{x?df klg lg/Gt/tf lbOg]5 .
;fdflhs pQ/bfloTjsf] k|of]hgsf] nflu 5'6\ofpg' gljs/0fLo phf{nfO{ ljif]z k|fyldstf lbb}, b]zsf]
kg]{ Joj:yf /x] adf]lhd sf]if v8f u/L cfufdL k"jf{wf/ ljsf; Pj+ cGo ljsf; lgdf{0f sfo{nfO{
cfly{s jif{df kl/rfng ul/g] 5 . a}+sn] cfkm\gf] cj;/sf] ?kdf ;b'kof]u u/L nufgL lj:tf/ ub}{ hfg]
;+:yfut ;fdflhs pQ/bfloTj lgodfjnL cg'?k gLlt a}+sn] cjnDag ug{]5 . lgIf]k / shf{ nufgLdf
ljleGg sfo{s|dx? ul//x]sf] 5 . o; cfly{s jif{df k|lt:kwL{ Aofh b/ sfod u/L cfkm\gf u|fxsju{nfO{
a}+sn] ;fdflhs pQ/bfloTj axg ub}{ vKt8 :jfdL u'0f:t/Lo tyf cfw'lgs a}+lsË ;]jf k|bfg ub}{ hfg]
1fg cflwi7fg, g]kfn SofG;/ s]o/ kmfp08];g, /0fgLlt a}+sn] lnPsf]] 5 . pknAw nufgL of]Uo
dgsfdgf If]q ljsf; sf]if, n'lDagL cfFvf k|lti7fg k"FhLnfO{ ;DefAotf ePsf cf}Bf]lus, Aofj;flos Pj+
tyf cg';Gwfg s]Gb|, sd{rf/Lx?sf] sf]/f]gf efO/; ;]jf If]qdf nufgL ug]{ gLltnfO{ lg/Gt/tf lbOg] 5 .
/f]syfd Joa:yfkg, ljleGg :yfgLo lgsfodf v8f shf{sf] u'0f:t/nfO{ sfod ug{ ;do ;dodf C0fLsf]
ul/Psf] sf]ifx?, ljleGg :jf:Yo ;+:yf / c~rn Joj;fo, kl/of]hgf tyf lwtf]sf] :ynut lg/LIf0f Pj+
c:ktfnx?sf] nflu k|ToIf tyf ck|ToIf ?kdf cGo hf]lvd Go"gLs/0fsf pkfox? klxNofO{ pQm
of]ubfg u/]sf] 5 . ;dLIff jif{df a}+sn] cfkm\gf pkfox?sf] s8fO{sf;fy kl/kfngf u/fpg] sfo{nfO{
sd{rf/Lsf] nflu sf]le8–!( sf] dxfdf/Laf6 ;'/lIft lg/Gt/tf lbOg]5 .
/fVg, /f]syfd ug{ tyf pkrf/ afkt ? !,$)(,(().– g]kfn /fi6« a}Fsn] ljut jif{x?b]lv g} pTkfbglzn
o; sf]ifaf6 vr{ u/]sf] 5 . If]q, hnljB't kl/of]hgf, s[lif If]q Pj+ ;fgf tyf
;fy}, lbuf] lasf;sf nIfx? cGtu{t ?= $,#&#,^((.– demf}nf pBf]udf nufgL a9fpgsf nflu ljz]if
a/fa/sf] cfly{s ;xof]u, :jf:Yo pkrf/fy{ afkt k|f]T;fxg ub}{ cfPsf]df o; a}Fsn] ;d]t oL If]qx?nfO
?= #,$%&,!*$.–, ljQLo ;fIffTsf/df ?= $(),))).– ljz]if k|fyldstf lb+b} k|To]s s[lif If]qnfO{ ;'xfpFbf]
/ vf]nf}+ vftf cGt{ut ?= %,$!@.– cfly{s ;xof]u yk ljljw shf{ of]hgfx? lj:tf/ ug]{ 5 .
:j?k o; a}+sn] ;+:yfut ;fdflhs pQ/bfloTjdf s[lif, phf{, ko{6g Pjd\ ;fgf tyf demf}nf pBf]udf
vr{ u/]sf] 5 . shf{ k|jfx lj:tf/ u/L ljQLo ;fwgsf] pTkfbgzLn
-ª_ ;/sf/L /fh:jdf of]ubfg pkof]unfO{ 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{
cf= j= @)&*÷&( df a}+sn] clu|d cfos/ afkt ?= ! lg/Gt/tf lbOg]5 . ;fy}, ;]o/ ahf/ tyf l/on
ca{ %* s/f]8 / ljleGg e'QmfgLdf s/ s§L u/] afkt :6]6 If]qdf x'g] shf{ k|jfxnfO{ lg/Gt/ cg'udg ub}{
?= *( sf/f]8 u/L s'n ?= @ ca{ $& s/f]8 7"nf hf]lvd Go"gLs/0f ug{ ;d]t a}+s ;hu /x]sf] 5 .
s/bftf sfof{nodf bflvnf u/]sf] 5 . g]kfn /fi6« a}+sn] k|bfg ub}{ cfPsf] ;x'lnot shf{
-r_ a}+ssf]] efjL of]hgf / /0fgLlt dfkm{t k'glgdf{0f k'g/shf{ lnO{ shf{ pknAw u/fpg]
sfo{ k|fyldstfsf ;fy ub}{ cfPsf] 5 .
sf]le8–!( sf] k|efj / k"jL{ o"/f]k]nL b]zdf b]lvPsf]
4Gbsf sf/0f ljZj cy{tGq ;Fu} d''n'ssf] cy{tGqdf cGTodf,
gsf/fTds c;/ k/];+u} ;du| cfly{s ls|ofsnfk o; a}+ssf] k|ultdf k|ToIf jf ck|ToIf ?kn] ;xof]u
;':tfPsf] cj:yf b]lvPsf] 5 . o; kl/l:yltdf k'¥ofpg' x'g] ;Dk"0f{ z]o/wgL dxfg'efjx?, u|fxsju{,
d''n'ssf] cy{tGq Pj+ Joj;foLx?df k/]sf] c;/ g]kfn /fi6« a}+s, lwtf]kq af]8{, g]kfn :6s PS;r]Gh,
Go"gLs/0f ug{sf nflu Pj+ C0fLsf] Joj;fo g]kfn ;/sf/sf ;DalGwt lgodg lgsfox? Pj+ cGo
lg/Gt/tfsf nflu g]kfn /fi6« a+}ssf] lgb]{zgsf] ;d]t ;/f]sf/jfnfx?nfO{ xflb{s wGojfb 1fkg ug{ rfxG5fF} .
cwLgdf /xL cfjZos ;'ljwf k|bfg u/L ;d:of a}+ssf] pGglt / k|ultdf lg/Gt/ nugzLntfsf ;fy
;Daf]wg ug]{ /0fgLlt a}+sn] lnPsf] 5 . of]ubfg k'¥ofpg] a}+s Joj:yfkg tyf sd{rf/Lx?nfO{ ljz]if
a}sn] pknAw lgIf]k tyf kF"hLnfO{ bL3{sflng wGojfb lbg rfxG5f}F . ;fy} a}+ssf] x/]s ultlalwx?nfO{
of]hgf th'{df u/L artstf{ tyf ;Dk"0f{ ;/f]sf/jfnf ;sf/fTds 9+un] cfd hg;d'bfo ;dIf ;Dk|]if0f ul/lbg]
kIfx?nfO{ lgodgsf/L lgsfosf] gLlt lgod leq ;+rf/ hut nufot cGo ;Dk"0f{ z'e]R5'sx? k|lt xflb{s
/lx ;/f]sf/jfnfx?nfO{ pRrtd k|ltkmn k|bfg ug]{ cfef/ k|s6 ub{5f}+ .
/0fgLlt a}+sn] cjnDag ub}{ cfPsf]df a}+sn] cfufdL wGojfb .
jif{x?df ;d]t ;f] s|dnfO{ lg/Gt/tf lbg]5 . cfufdL ;~rfns ;ldlt
jif{x?df klg a}+sn] cfkm\gf] k"FhL, u|fxs ;+Vof / ldlt M @)&(÷)(÷@*
zfvf ;+~hfn cem dha't agfpg] /0flglt lnPsf] k|fOd sdl;{on a}+s lnld6]8
5 .
12
sDkgL P]g, @)^# sf] bkmf !)( ;Fu ;DjlGwt
cltl/Qm jflif{s cfly{s ljj/0f
s_ ljut jif{sf] sf/f]af/sf] l;+xfjnf]sg -5_ n]vfk/LIf0f k|ltj]bgdf s'g} s}lkmot pNn]v ePsf]
;+rfns ;ldltsf] jflif{s k|ltj]bgdf pNn]v ul/Psf] . eP ;f] pk/ ;~rfns ;ldltsf] k|lts[of
v_ /fli6«o tyf cGt/f{li6«o kl/l:yltaf6 sDkgLsf] ;a} s}lkmotx?nfO{ oyflz3| ;'wf/ ul/;lsPsf
sf/f]af/nfO{ s'g} c;/ k/]sf] eP ;f] c;/ cfj:yf /x]sf] 5 .
a}+ssf] sf/f]af/nfO{ b]xfPsf a'Fbfx?n] c;/ kf/]sf] 5 -h_ nfef+z afF8kmfF8 ug{ l;kmfl/; ul/Psf] /sd
• a}+sË If]qdf ljBdfg a9\bf] k|lt:kwf{ cf= j= @)&*÷&( sf] ljt/0f of]Uo d'gfkmfaf6 c;f/
• ljb]zL ljlgdo b/ / Jofh b/df x'g] hf]lvd d;fGtdf sfod /x]sf] o; a}+ssf] r'Qmf k"FhL
• ax'd"No wft'sf] d"Nodf ptf/r9fa ?= !*,^%^,#@@,*)$.– sf] $ k|ltztn]
-u_ k|ltj]bg tof/ ePsf] ldlt;Dd rfn" jif{sf] pknlAw ?= &$^,@%@,(!@.– af]gz z]o/ / $=(% k|ltztn]
/ eljiodf ug'{ kg]{ s'/fsf] ;DaGwdf ;~rfns ?= (@#,$*&,(&(.– gub nfef+z -s/ k|of]hgsf] nflu
;ldltsf] wf/0ff ;d]t_ lbg] k|:tfj ul/Psf] 5 .
;+rfns ;ldltsf] aflif{s k|ltj]bgdf k|:t't ul/Psf] . -em_ z]o/ hkmt ePsf] eP hkmt ePsf] z]o/ ;+Vof,
-3_ sDkgLsf] cf}Bf]lus jf Jofj;flos ;DaGw To:tf] z]o/sf] cl°t d"No, To:tf] z]o/ hkmt
a}+sn] cfkm\gf ;a} ;/f]sf/jfnfx¿;Fu ;f}xfb|k"0f{ / x'g'eGbf cufj} ;f]afkt sDkgLn] k|fKt u/]sf] hDdf
Jofj;flos ;DaGw lj:tf/ u/]sf] 5 . o; ;DaGwnfO{ /sd / To:tf] z]o/ hkmt ePkl5 ;f] z]o/ laqmL
Jofj;flos tyf kf/blz{tfsf cfwf/df ljsl;t ub}{ u/L sDkgLn] k|fKt u/]sf] /sd tyf hkmt ePsf]
n}hfg' kmnbfoL x'g] / a}+ssf] k|ultsfnflu pko'Qm z]o/afkt /sd lkmtf{ u/]sf] eP ;f]sf] ljj/0f
dfWod x'g] a}+ssf] ljZjf; 5 . s'g} klg z]o/ hkmt gePsf] .
-ª_ ;+rfns ;ldltdf ePsf] x]/km]/ / ;f]sf] sf/0f, -`_ ljut cfly{s jif{df sDkgL / o;sf] ;xfos
• >L uh]Gb| lai6 ldlt @)&*.)(.)^ df ;DkGg
sDkgLsf] sf/f]af/sf] k|ult / ;f] cfly{s jif{sf]
!$ cf}+ jflif{s ;fwf/0f;efaf6 ;j{;fwf/0f cGTodf /x]sf] l:yltsf] k'g/fjnf]sg
z]o/wgL ;d"xaf6 ;~rfns kbdf $ jif{sf nflu a}+ssf] o; cf= j= sf] k|ult ljj/0f o;} k|ltj]bgdf
lglj{/f]w lgjf{lrt x'g' ePsf] . aF'bfut ?kdf k|:t't ul/Psf] 5 / o; a}+ssf] ;xfos
• o; cf= j= df :jtGq ;+rfnssf] kbfjlw
sDkgL xfn gePsf] .
;dfKt ePsf] x'Fgfn] ldlt @)&(÷)*÷@( df -6_ sDkgL tyf To;sf] ;xfos sDkgLn] cfly{s jif{df
a;]sf] ;~rfns ;ldltsf] $%% cf}+ a}7saf6 k|f= ;DkGg u/]sf] k|d'v sf/f]af/x? / ;f] cjlwdf
8f= tf/f lrqsf/ :jtGq ;~rfns kbdf cfufdL sDkgLsf] sf/f]af/df cfPsf] s'g} dxTjk"0f{ kl/jt{g
$ jif{sfnflu lgo'Qm ul/Psf] . s'g} klg ;xfos sDkgL gePsf] .
-r_ sf/f]af/nfO{ c;/ kfg]{ d'Vo s'/fx¿, -7_ ljut cfly{s jif{df sDkgLsf] cfwf/e"t z]o/wgLx?n]
• ljZjJofkL ?kdf km}ln/x]sf] sf]/f]gfsf] sDkgLnfO{ pknAw u/fPsf] hfgsf/L
dxfdf/Lsf] sf/0fn] ljZj cy{tGqdf g} k/]sf] cfwf/e't z]o/wgLx?n] s'g} klg hfgsf/L pknJw
gsf/fTds k|efjaf6 ;Dk"0f{ a}+lsË If]q g} cem gu/fPsf] .
k|efljt x''g ;Sg] k|If]k0f . -8_ ljut cfly{s jif{df sDkgLsf ;~rfns tyf
• cGt{/fli6«o hutdf k|lt:kwf{Tds ?kdf cfPsf]
kbflwsf/Lx?n] lnPsf] z]o/sf] :jfldTjsf] ljj/0f /
ljleGg online a+}lsË pks/0fx? / To;n] sDkgLsf] z]o/ sf/f]af/df lghx? ;+nUg /x]sf] eP
lgDTofpg] hf]lvdx? . ;f];DaGwdf lghx?af6 sDkgLn] k|fKt u/]sf] hfgsf/L
• lgIf]k tyf shf{ nufgLsf] Jofhb/df x'g]
kl/jt{g . l;=g+= Gffd wf/0f u/]sf] kb z]o/ ;+Vof
• ljlgdob/df x'g] kl/jt{g . != /fh]Gb| bf; >]i7 ;~rfns÷cWoIf #@(,$^!
• k"FhL ahf/df cfpg] ptf/r9fa . @= pbo df]xg >]i7 ;~rfns *%(,^!&
#= g/]Gb| ah|frfo{ ;~rfns !,@^(,%(&
$= 8f= Ufh]Gb| lji6 ;~rfns !*,$@@
13
%= k|r08 dfg >]i7 ;~rfns !,&(# n]vfk/LIf0f sfo{qmd cflbaf/] lgoldt ;dLIff
^= dgf]h kf}8]n ;~rfns !,&(# ub}{ cfPsf] 5 . cfGtl/s ;fy} afXo n]vfk/LIf0f
&= k|f= 8f= tf/f lrqsf/ ;~rfns k|ltj]bgdf plNnlvt s}lkmotx¿dfly lj:t[t 5nkmn
*= ;'hg sfkm\n] P08 jfXo n]vf – u/L ;ldltn] cfjZos ;'wf/sf sfdx¿ ;d]t
P;f]l;o6\; k/LIfs ub}]{ cfPsf] 5 . To;sf] lgoldt ¿kdf ;~rfns
(= gf/fo0f bf; dfgGw/ k|d"v sfo{sf/L #(@,&*) ;ldltnfO{ hfgsf/L u/fpg] ul/Psf] 5 .
clws[t
!)= ;+hLj dfgGw/ dxfk|jGws %(#,!$)
-w_ ;~rfns, k|aGw ;~rfns, sfo{sf/L k|d'v, sDkgLsf
!!= c+d[t r/0f >]i7 dxfk|jGws – cfwf/e"t z]o/wgL jf lghsf] glhssf gft]bf/ jf
lgh ;+nUg /x]sf] kmd{, sDkgL jf ;+u7Lt ;+:yfn]
-9_ ljut cfly{s jif{df sDkgL;Fu ;DalGwt sDkgLnfO{ s'g} /sd a'emfpg afFsL eP ;f] s'/f M
;Demf}tfx?df s'g} ;~rfns tyf lghsf] glhssf] gePsf] .
gft]bf/sf] JolQmut :jfy{sf] af/]df pknAw u/fOPsf]
hfgsf/Lsf] Joxf]/f M gePsf] . -g_ ;~rfns, k|aGw ;~rfns, sfo{sf/L k|d'v tyf
kbflwsf/Lx?nfO{ e'QmfgL ul/Psf] kfl/>lds, eQf
-0f_ sDkgLn] cfkm\gf] z]o/ cfkm}n] vl/b u/]sf] eP tyf ;'ljwfsf] /sd
To;/L cfkm\gf] z]o/ vl/b ug'{sf] sf/0f, To:tf] k|d'v sfo{sf/L cGo
z]o/sf] ;+Vof / cl°t d"No tyf To;/L z]o/vl/b l;= g+= ljj/0f ;~rfns
clws[t kbflwsf/Lx?
u/]afkt sDkgLn] e'QmfgL u/]sf] /sd ! a}7s eQf #,)#),))) – –
;dLIff jif{df z]o/x¿sf] k"gM vl/b sfo{ gePsf] . @ tna – !),)*),))) ^,^*%,*))
# eQf – *,%@&,))) %,$#@,$*&
-t_ cfGtl/s lgoGq0f k|0ffnL eP jf gePsf] / ePsf]
$ bz+} eQf – !,$)),))) ()&,!%)
eP ;f]sf] lj:t[t ljj/0f
% ;~rosf]if – !,))*,))) ^^*,%*)
a+}sn] cfGtl/s lgoGq0f k|0ffnL r':t / dha'b
k|rlnt af]gz k|rlnt af]gz
agfpg b]xfPsf] Joj:yf ul/Psf] 5 M ^ af]g; –
P]g cg'?k P]g cg'?k
• cfGtl/s n]vfkl/If0f ljefusf] :jtGq sfd sf/jfxL
& uf8L ;'ljwf 5}g 5 5
• n]vfkl/If0f ;ldltsf] lgoldt cg'udg * df]jfOn 5 5 5
• hf]lvd Jooj:yfkg ;ldltsf] :jtGq sfd sf/jfxL ( OGwg 5 5 5
• ;+rfng hf]lvd Go"lgs/0fsf] nflu ljleGg lgodfjnL *;~rfns ;ldltsf] ;b:ox?nfO{ 6]lnkmf]g÷ df]afO{n÷ kqklqsf tyf
tyf ljlgodfjnLsf] cIf/; kfngf ul/Psf] . cGo vr{x? jfkt ?= !,^(^,#)@=!! vr{ ul/Psf] 5 .
-y_ ljut cfly{s jif{sf] s'n Joj:yfkg vr{sf] ljj/0f • k|d'v sfo{sf/L clws[tnfO{ sfof{no k|of]hgsf]
nflu rfns OGwg / dd{t;+ef/ ;lxt uf8L
zLif{s /sd ?=
;'ljwfsf] Joj:yf ul/Psf] 5 . cGo k|d'v
sd{rf/L vr{ 1,670,363,055
kbflwsf/Lx?nfO{ a}+ssf] lgodfg';f/ uf8L ;'ljwf
;+rfng vr{ 471,909,882
pknJw u/fOPsf] 5 .
x|;sl§ vr{ 329,683,646
• k|d'v sfo{sf/L clws[t nufot sfo{sf/L txsf
hDdf vr{ 2,471,956,583 clws[tx?nfO{ a}+ssf] lgodfg';f/ df]jfOn ljnsf]
-b_ n]vfk/LIf0f ;ldltsf ;b:ox?sf] gfdfjnL, e'QmfgL a}+sn] ul/lbg] Joj:yf ul/Psf] 5 .
lghx?n] k|fKt u/]sf] kfl/>lds, eQf tyf ;'ljwf, -k_ z]o/wgLx?n] a'lemlng afFsL /x]sf] nfef+zsf] /sdM
;f] ;ldltn] u/]sf] sfd sf/afxLsf] ljj/0f / ;f] ¿= !)$,)!),^&&÷–
;ldltn] s'g} ;'emfj lbPsf] eP ;f]sf] ljj/0f
-km_ bkmf !$! adf]lhd ;DklQ vl/b jf laqmL u/]sf]
a}ssf] ;+rfns >L pbodf]xg >]i7sf] ;+of]hTjdf ul7t
n]vfk/LIf0f ;ldltdf ;+rfns >L k|r08dfg >]i7 / >L s'/fsf] ljj/0f M gePsf] .
uh]Gb| lai6 ;b:o /xg' ePsf] tyf a+}ssf cfGtl/s -a_ bkmf !&% adf]lhd ;Da4 sDkgLaLr ePsf]
n]vfk/LIf0f ljefusf k|d'v >L ldng rGb| dxh{g sf/f]af/sf] ljj/0f M gePsf] .
;lrj /xg'ePsf] 5 . o; ;ldltsf ;lrjnfO{ afx]s
-e_ o; P]g tyf k|rlnt sfg"gadf]lhd ;~rfns
;b:ox?nfO{ a}7s eQf dfq k|bfg ul/Psf] 5 . ;dLIff
;ldltsf] k|ltj]bgdf v'nfpg' kg]{ cGo s'g} s'/f M
jif{df ;ldltsf] a}7s ;ft -&_ k6s a;]sf] 5 .
gePsf] .
;ldltn] a}ssf] ljQLo l:ylt, cfGtl/s lgoGq0f
/ hf]lvd Joj:yfkg, sfg"g / lgodx? kfngf, -d_ cGo cfjZos s'/fx? M gePsf] .
14
lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# sf] cg';"rL – !% jdf]lhd
-lgod @^ sf] pklgod -@_ ;Fu ;DalGwt_
cfly{s jif{ @)&*÷&( sf] ljj/0f
!= ;+rfns ;ldltsf] k|ltj]bg
!% cf}+ jflif{s k|ltj]bgsf] ;DalGwt zLif{s cGtu{t v_ ut jif{sf] k|To]s q}dfl;s cjlwdf ;+ul7t ;+:yfsf]
/flvPsf] . z]o/sf] clwstd, Go"gtd / clGtd d"Nosf ;fy}
@= n]vfkl/Ifssf] k|ltj]bg s'n sf/f]af/ z]o/ ;+Vof / sf/f]af/ lbg .
klxnf] bf]>f] rf}yf]
!% cf}+ jflif{s k|ltj]bgsf] ;DalGwt zLif{s cGtu{t laj/0f
q}df; q}df;
t]>f] q}df;
q}df;
/flvPsf] . clwst\d d"No -?=_ %$) $(* #(@ #)*
#= n]vfkl/If0f ePsf] ljQLo ljj/0f Go"gtd d"No -?=_ $$) #!) @($=& @#*=%
!% cf}+ jflif{s k|ltj]bgsf] ;DalGwt zLif{s cGtu{t clGtd d"No -?=_ $&( #&@ #)@ @^%
/flvPsf] . sf/f]jf/ ;+Vof %$,^!& #),$$) !(,**# @),^&#
sf/f]jf/ lbg %& %( %* ^$
$= sfg'gL sf/jfxL ;DaGwL ljj/0f sf/f]af/ z]o/
b]xfo cg';f/sf] d'2f bfo/ ePsf] eP, d'2f bfo/ ePsf] (,)$#,&*% $,#!%,#&) @,((),@^! #,!^^,&#&
;+Vof
ldlt, ljifo, d'2f bfo/ ePsf] ;+:yfks jf ;~rfnssf]
^= ;d:of tyf r'gf}tL
gfd / ;DefJo sfg"gL ;DaGwL ljj/0f ;dfj]z ul/g'kg]{ M
cfGtl/s ;d:of / r'gf}tL
s_ q}dfl;s cjlwdf ;+ul7t ;+:yfn] jf ;+:yfsf]
• a}+lsË If]qdf b]lvPsf] cfly{s t/ntfsf] plrt
lj?4 s'g} d'2f bfo/ ePsf] eP
Joj:yfkgsf nflu b]lvPsf r''gf}ltx? .
o; q}dfl;s cjlwdf o; a}+sn] jf a}+ssf]
• dxfdf/Lsf sf/0fn] k''jf{wf/df cfwfl/t kl/of]hgf
lj?4df s'g} d'2f bfo/ gu/]sf] ca:yf 5 .
nufPtsf cGo nufgLsf cj;/x?df sdL cfpg'' .
v_ ;+ul7t ;+:yfsf] ;+:yfks jf ;~rfnsn] jf
• dxfdf/Lsf sf/0fn] a}+ssf sd{rf/Lx?df a9\bf]
;+:yfks jf ;~rfnssf] lj?4df k|rlnt
:jf:Yo ;DalGw hf]lvd .
lgodsf] cj1f jf kmf}Hbf/L ck/fw u/]sf]
afXo ;d:of / r'gf}tL
;DaGwdf s'g} d'2f bfo/ u/]sf] jf ePsf] eP
• ljZjJofkL ?kdf km}ln/x]sf] sf]/f]gfsf] dxfdf/Lsf]
;dLIff cjlwdf a}+ssf] ;+:yfks jf ;~rfnsn]
sf/0fn] ljZj cy{tGqsf] s''n u|fx:Yo pTkfbgdf
jf ;+:yfks jf ;~rfnssf] lj?4df k|rlnt
x|f; cfpg''sf ;fy} d''n'ssf] cy{tGqdf ;d]t
lgodsf] cj1f jf kmf}Hbf/L ck/fw u/]sf]
k/]sf] gsf/fTds k|efjaf6 ;Dk"0f{ a}+lsË If]q g}
;DaGwdf s'g} d'2f bfo/ gePsf] .
k|efljt x''g uPsf] / clglZrt ;do ;Dd k|efj
u_ s'g} ;+:yfks jf ;~rfns lj?4 cfly{s
kg{ ;Sg] r'gf}lt /x]sf] .
ck/fw u/]sf] ;DaGwdf s'g} d'2f bfo/ ePsf]
• sf]/f]gfsf] dxfdf/Ln] ylnPsf] ljZj cy{tGq dfly
eP
p7\g gkfpFb} ?; o's|]g o'4sf sf/0f ljZj
xfn;Dd a}+ssf] ;+:yfks jf ;+rfnsn] jf
cy{tGqdf d'b|f:kmLlt a9\gfn] cfoft dxËLPsf]
;+:yfks jf ;+rfnssf] lj?4df k|rlnt lgodsf]
sf/0f j}b]lzs d'b|f ;l~rtLdf x|f; cfP ;+u}
cj1f jf kmf}Hbf/L ck/fw u/]sf] ;DaGwdf s'g}
;du| cy{tGqg} ;':tfPsf] .
d'2f bfo/ gePsf] .
• ljleGg Jofkf/ Joj;fox? ;fdfGo 9+un] ;''rf?
%= ;+ul7t ;+:yfsf] z]o/ sf/f]jf/ tyf k|ultsf] ljZn]if0f x''g g;s]sf] sf/0fn] Aofh tyf C0f c;''nL
s_ lwtf]kq ahf/df ePsf] ;+ul7t ;+:yfsf] z]o/sf] cToGt r''gf}ltk""0f{ /x]sf] .
sf/f]jf/ ;DaGwdf Joj:yfkgsf] wf/0ff M • b]zsf] cfly{s tyf /fhg}lts cl:y/tfsf sf/0f
z]o/sf] sf/f]jf/ v'Nnf ahf/4f/f k|ltkfbg cfpg ;Sg] hf]lvdx? .
u/]sf] d"No tyf dfGotf cg'?k x'g] u/]sf] x'gfn] &= ;+:yfut ;'zf;g
a}+ssf] sf/f]jf/ ;Gtf]ifhgs /x]sf] . ;DalGw ljj/0f ;+rfns ;ldltsf] !% cf}+ jflif{s
k|ltj]bgsf] a'bf g+= #-v_ df pNn]v ul/Psf] .
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Prime Commercial Bank Limited
Statement of Financial Position
As on 32 Ashadh 2079 (July 16, 2022) (NPR)
Particulars Note Current Year Previous Year
Assets
Cash and Cash Equivalents 4.1 11,620,911,866 7,864,971,018
Due from Nepal Rastra Bank 4.2 8,860,332,435 10,497,986,812
Placement with Bank and Financial Institutions 4.3 144,901,159 4,766,883,849
Derivative Financial Instruments 4.4 - -
Other Trading Assets 4.5 - -
Loans and Advances to B/FIs 4.6 6,672,760,600 6,097,765,504
Loans and Advances to Customers 4.7 147,053,901,572 135,383,783,808
Investment Securities 4.8 31,402,844,583 23,426,854,321
Current Tax Assets 4.9 640,047,029 288,058,641
Investment in Subsidiaries 4.10 - -
Investment in Associates 4.11 46,023,000 46,023,000
Investment Property 4.12 529,813,300 365,775,958
Property and Equipment 4.13 1,973,692,537 1,048,084,951
Goodwill and Intangible Assets 4.14 379,539,830 382,519,299
Deferred Tax Assets 4.15 123,167,702 34,938,030
Other Assets 4.16 913,959,782 693,318,869
Total Assets 210,361,895,395 190,896,964,060
Liabilities - -
Due to Bank and Financial Institutions 4.17 6,096,829,391 6,042,373,556
Due to Nepal Rastra Bank 4.18 4,556,140,870 2,360,808,929
Derivative Financial Instruments 4.19 - -
Deposits from Customers 4.20 160,203,350,799 154,139,514,074
Borrowing 4.21 - -
Current Tax Liabilities 4.9 - -
Provisions 4.22 - -
Deferred Tax Liabilities 4.15 - -
Other Liabilities 4.23 3,354,346,258 1,612,039,976
Debt Securities Issued 4.24 9,145,519,492 2,440,968,911
Subordinated Liabilities 4.25 - -
Total Liabilities 183,356,186,810 166,595,705,446
Equity - -
Share Capital 4.26 18,656,322,804 16,083,036,900
Share Premium - -
Retained Earnings 1,738,854,392 2,719,161,524
Reserves 4.27 6,610,531,389 5,499,060,190
Total Equity Attributable to Equity Holders 27,005,708,585 24,301,258,614
Non-Controlling Interest - -
Total Equity 27,005,708,585 24,301,258,614
Total Liabilities and Equity 210,361,895,395 190,896,964,060
Contingent Liabilities and Commitments 4.28 82,856,782,932 83,387,413,838
Net Assets Value per Share 144.75 151.10
As per our report of even date.
Sweachha Karki Narayan Das Manandhar Rajendra Das Shrestha Udaya Mohan Shrestha Laba Kumar Khatri, FCA
Head - Finance Chief Executive Officer Chairman Director Partner
Sujan Kafle and Associates
Chartered Accountants
Narendra Bajracharya Gajendra Bista Prachanda Man Shrestha Manoj Paudel Dr. Tara Chitrakar
Director Director Director Director Director
Date: 15th December 2022 | Place: Kamalpokhari, Kathmandu

22
Statement of Profit and Loss
As on 32 Ashadh 2079 (July 16, 2022) (NPR)
Interest Income 4.29 18,301,356,511 14,009,655,970

Interest Expense 4.30 12,114,390,803 8,060,765,419
Net Interest Income 6,186,965,708 5,948,890,550
Fee and Commission Income 4.31 1,230,738,396 1,450,286,023
Fee and Commission Expense 4.32 142,548,201 105,269,669
Net Fee and Commission Income 1,088,190,195 1,345,016,354
Net Interest, Fee and Commission Income 7,275,155,903 7,293,906,904
Net Trading Income 4.33 231,163,380 321,266,753
Other Operating Income 4.34 156,907,726 227,490,763
Total Operating Income 7,663,227,009 7,842,664,420
Impairment Charge/ (Reversal) for Loans and Other Losses 4.35 1,239,836,403 769,296,125
Net Operating Income 6,423,390,606 7,073,368,295
Operating Expense - -
Personnel Expenses 4.36 1,670,363,055 1,591,342,525
Other Operating Expenses 4.37 471,909,882 612,310,804
Depreciation & Amortization 4.38 329,683,646 184,381,124
Operating Profit 3,951,434,021 4,685,333,842
Non-Operating Income 4.39 - -
Non-Operating Expense 4.40 - -
Profit Before Income Tax 3,951,434,021 4,685,333,842
Income Tax Expense 4.41
Current Tax 1,260,318,248 1,502,607,145
Deferred Tax (96,220,573) (85,673,990)
Profit for the Year 2,787,336,347 3,268,400,687
Profit Attributable to:
Equity-holders of the Bank 2,787,336,347 3,268,400,687
Profit for the Year 2,787,336,347 3,268,400,687
Earnings per Share
Basic Earnings per Share 14.94 20.32
Diluted Earnings per Share 14.94 20.32
23
Statement of Other Comprehensive Income
For the year ended 32 Ashadh 2079 (July 16, 2022) (NPR)
Profit for the year 2,787,336,347 3,268,400,687

Other Comprehensive Income, Net of Income Tax
a) Items that will not be reclassified to profit or loss
Gains/(losses) from investment in equity instruments measured at fair value 46,874,469 196,179,218
Gains/(losses) on revaluation - -
Actuarial gains/(losses) on defined benefit plans (20,238,130) 12,760,940
Income tax relating to above items (7,990,902) (62,682,047)
Net other comprehensive income that will not be reclassified to profit or loss 18,645,437 146,258,111
b) Items that are or may be reclassified to profit or loss
Gains/(losses) on cash flow hedge - -
Exchange gains/(losses)(arising from translating financial assets of foreign - -
operation)
Income tax relating to above items - -
Reclassify to profit or loss - -
Net other comprehensive income that are or may be reclassified to profit - -
or loss
c) Share of other comprehensive income of associate accounted as per - -
equity method
Other Comprehensive Income for the year, Net of Income Tax 18,645,437 146,258,111
Total Comprehensive Income for the Year 2,805,981,784 3,414,658,798
Total Comprehensive Income attributable to:
Equity-Holders of the Bank 2,805,981,784 3,414,658,798
Total Comprehensive Income for the Year 2,805,981,784 3,414,658,798
24
Statement of Change in Equity
For the year ended 32 Ashadh 2079 (July 16, 2022)
Attributable to Equity-Holders of Prime Commercial Bank Limited (NPR)
Particular
Total
Other
Share
Share
Capital
Capital
General
Earning
Reserve
Reserve
Reserve
Reserve
Reserve
Reserve
Retained
Premium
Reserves
Reserve
Exchange
Fair Value
Regulatory
Revaluation
Equalization
Investment
Adjustment
Balance at Shrawan 01, 2077 13,985,249,504 644,823 3,357,337,059 322,211,268 4,184,721 875,343,578 59,716,994 - 3,500,000 1,888,969,218 29,697,324 20,526,854,489
Adjustment/Restatement - - - (322,211,268) - - - - - (14,029,194) 695,985,789 359,745,328
Adjustment/Restated Balance as at
13,985,249,504 644,823 3,357,337,059 - 4,184,721 875,343,578 59,716,994 - 3,500,000 1,874,940,025 725,683,113 20,886,599,817
Shrawan 01, 2077
Comprehensive Income for the year - - - - - - - - - - - -
Profit for the year - - - - - - - - - 3,268,400,687 - 3,268,400,687
Other Comprehensive Income, Net of Tax - - - - - - - - - - - -
Gains/(losses) from investment in equity
- - - - - - - - - 137,325,452 - 137,325,452
instruments measured at fair value
Gains/(losses) on revaluation - - - - - - - - - - - -
25
Actuarial gains/(losses) on defined
- - - - - - - - - 8,932,658 - 8,932,658
benefit plans
Gains/(losses) on cash flow hedge - - - - - - - - - - - -
Exchange gains/(losses)(arising from
translating financial assets of foreign - - - - - - - - - - - -
operation)
Total Comprehensive Income for the year - - - - - - - - - 3,414,658,798 - 3,414,658,800
Transfer to Reserves during the year - - 653,680,137 - 648,095 (36,803,669) 137,325,452 - - (796,466,680) 41,616,665 -
Transfer from Reserves during the year - - - - - 22,991,943 - - - 960,687 (23,952,630) -
Transactions with Owners, directly
- - - - - - - - - - - -
recognized in Equity
Share Issued - - - - - - - - - - - -
Share Based Payments - - - - - - - - - - - -
Dividend to Equity-Holders - - - - - - - - - - - -
Bonus Shares Issued 2,097,787,396 (644,823) - - - - - - - (1,774,931,305) (322,211,268) -
Cash Dividend Paid - - - - - - - - - - - -
Transfer from acquired entities - - - - - 359,745,328 - - - - (359,745,328) -
Total Contributions by and Distributions 2,097,787,396 (644,823) 653,680,137 - 648,095 345,933,601 137,325,452 - - 844,221,500 (664,292,561) 3,414,658,800
Balance at Ashadh 31, 2078 16,083,036,900 - 4,011,017,197 - 4,832,816 1,221,277,179 197,042,446 - 3,500,000 2,719,161,524 61,390,552 24,301,258,614
Particular
Total
Other
Share
Share
Capital
Capital
General
Earning
Reserve
Reserve
Reserve
Reserve
Reserve
Reserve
Retained
Premium
Reserves
Reserve
Exchange
Fair Value
Regulatory
Revaluation
Equalization
Investment
Adjustment
Balance at Shrawan 01, 2078 16,083,036,900 - 4,011,017,197 - 4,832,816 1,221,277,179 197,042,446 - 3,500,000 2,719,161,524 61,390,552 24,301,258,614
Adjustment/Restatement - - - - - - - - - - 400 400
Adjustment/Restated Balance as at 16,083,036,900 - 4,011,017,197 - 4,832,816 1,221,277,179 197,042,446 - 3,500,000 2,719,161,524 61,390,952 24,301,259,014
Shrawan 01, 2078
Comprehensive Income for the year - - - - - - - - - - - -
Profit for the year - - - - - - - - - 2,787,336,347 - 2,787,336,347
Other Comprehensive Income, Net of Tax - - - - - - - - - - - -
Gains/(losses) from investment in equity - - - - - - - - - 32,812,128 - 32,812,128
instruments measured at fair value
Gains/(losses) on revaluation - - - - - - - - - - - -
Actuarial gains/(losses) on defined benefit - - - - - - - - - (14,166,691) - (14,166,691)
plans
Gains/(losses) on cash flow hedge - - - - - - - - - - - -
Exchange gains/(losses)(arising from translating - - - - - - - - - - - -
financial assets of foreign operation)
Total Comprehensive Income for the year - - - - - - - - - 2,805,981,784 - 2,805,981,784
26
Transfer to Reserves during the year - - 557,467,269 - 481,102 501,334,095 32,812,128 - - (1,121,207,086) 29,112,492 -
Transfer from Reserves during the year - - - - - - - - - 9,736,286 (9,736,286) -
Transactions with Owners, directly - - - - - - - - - - - -
recognized in Equity
Share Issued - - - - - - - - - - - -
Share Based Payments - - - - - - - - - - - -
Dividend to Equity-Holders - - - - - - - - - - - -
Bonus Shares Issued 2,573,285,904 - - - - - - - - (2,573,285,904) - -
Cash Dividend Paid - - - - - - - - - (101,532,212) - (101,532,212)
Total Contributions by and Distributions 2,573,285,904 - 557,467,269 - 481,102 501,334,095 32,812,128 - - (980,307,132) 19,376,206 2,704,449,572
Balance at Ashadh 32, 2079 18,656,322,804 - 4,568,484,466 - 5,313,918 1,722,611,274 229,854,574 - 3,500,000 1,738,854,392 80,767,159 27,005,708,585
Statement of Cash Flow
Particulars Current Year Previous Year
CASH FLOWS FROM OPERATING ACTIVITIES

Interest Received 16,020,293,826 13,288,583,574
Fee and Other Income Received 1,285,371,750 1,126,237,095
Dividend Received - -
Receipts from Other Operating Activities 255,441,173 385,306,280
Interest Paid (12,163,170,930) (7,991,030,431)
Commissions and Fees Paid (142,548,201) (105,269,669)
Cash Payment to Employees (1,697,170,781) (1,442,892,323)
Other Expenses Paid (467,416,187) (595,857,903)
Operating Cash Flows before Changes in Operating Assets and Liabilities 3,090,800,650 4,665,076,622
(Increase) Decrease in Operating Assets - -

Due from Nepal Rastra Bank 1,637,654,377 (1,781,839,371)
Placement with Banks and Financial Institutions 4,619,427,896 (2,508,253,539)
Other Trading Assets - -
Loans and Advances to BFIs (582,569,113) (2,020,314,943)
Loans and Advances to Customers (11,681,972,416) (25,701,276,990)
Other Assets (220,640,913) 99,609,160
Increase (Decrease) in Operating Liabilities - -
Due to Banks and Financial Institutions 54,455,835 (4,307,917,857)
Due to Nepal Rastra Bank 2,195,331,941 2,239,611,574
Deposit from Customers 6,063,836,726 34,697,900,451
Borrowings - -
Other Liabilities 1,735,054,394 (8,745,780)
Net Cash Flow from Operating Activities before Tax Paid 6,911,379,377 5,373,849,328
Income Tax Paid (1,612,306,637) (1,653,895,662)
Net Cash Flow from Operating Activities 5,299,072,740 3,719,953,666
CASH FLOWS FROM INVESTING ACTIVITIES - -
Purchase of Investment Securities (10,690,404,777) (10,043,182,120)
Receipts from Sale of Investment Securities 2,802,601,412 613,600,468
Purchase of Property and Equipment (1,247,969,337) (181,332,301)
Receipts from Sale of Property and Equipment 8,000,038 59,992,149
Purchase of Intangible Assets (8,698,882) (37,242,410)
Receipts from Sale of Intangible Assets - -
Purchase of Investment Properties (289,873,222) (3,613,945)
Receipts from Sale of Investment Properties 129,681,821 148,305,858
Interest Received 1,063,209,743 745,419,380
Dividend Received 81,903,575 19,166,233
Net Cash Used in Investing Activities (8,151,549,629) (8,678,886,688)
27
Receipts from Issue of Debt Securities 6,704,550,581 2,441,385,678

Repayments of Debt Securities - -
Receipts from Issue of Subordinated Liabilities - -
Repayments of Subordinated Liabilities - -
Receipt from Issue of Shares - -
Dividends Paid (98,057,250) (42,125)
Interest Paid - -
Net Cash from Financing Activities 6,606,493,330 2,441,343,553
Net Increase (Decrease) in Cash and Cash Equivalents 3,754,016,442 (2,517,589,469)
Cash and Cash Equivalents at Shrawan 01, 2078 7,864,971,018 10,379,968,108
Effect of Exchange Rate fluctuations on Cash and Cash Equivalents Held 1,924,406 2,592,379
Cash and Cash Equivalents at Ashadh 32, 2079 11,620,911,866 7,864,971,018
28
1 PRIME COMMERCIAL BANK LIMITED (SLBSL) registered as a public limited company in
August 17, 2016 and received the operation license
1.1 General Information in May 09, 2017 from Nepal Rastra Bank to function
Prime Commercial Bank Limited is an “A” class as a “D” Class financial Institution. It has been
Commercial bank licensed by Nepal Rastra Bank. working with the license in 10 districts ie. Rupandehi,
It was registered as Public Limited Company on 1st Kapilvastu, Palpa, Salyan, Rolpa, Pyuthan,
Shrawan 2064 under the Company Act, 2063. The Nawalparasi, Gulmi, Syangja and Arghakanchi.
registered (corporate) office of the bank is located at
2 BASIS OF PREPARATION
Kamalpokhari, Kathmandu, Nepal. The bank started
its commercial operation from 7th Ashwin 2064 2.1 Statement of Compliance
corresponding to 24th September 2007.
The financial statements have been prepared in
On April 30, 2017 (Baisakh 17, 2074), the bank has accordance with Nepal Rastra Bank Directives,
acquired two “B” class Development Banks Birat Nepal Financial Reporting Standards and it’s carve-
Laxmi Bikash Bank Limited and Country Development outs issued by the Institute of Chartered Accountants
Bank Limited. Further, the bank has acquired “B” of Nepal (ICAN), provisions of Banks and Financial
class financial institution, Kankai Bikas Bank Limited Institutions Act (BAFIA), 2073 and in conformity with
on 15th September 2019 (Bhadra 29, 2076) and the Company Act, 2063.
Kailash Bikas Bank Limited on 12th March 2020.
The carve-outs issued by the Institute of Chartered
The Bank is listed with Nepal Stock Exchange Ltd. Accountants of Nepal on 2079/04/02, on NFRS
with the code of PCBL for public shares and PCBLP requirement, which allowed alternative treatments
for promoter shares. Currently, the bank is spread and the bank adopted following carve outs:
across the country with 189 branches and 107 ATMs.
S.
1.2 Financial Statements NFRS/NAS Particulars
No.
The Financial Statements of the Bank for the year Impracticability to determine
NFRS 9: Para
ended 32nd Ashadh 2079 corresponding to 16 July transaction cost of all
1 5.4 Financial
2022 comprises Statement of Financial Position, previous years which is the
Instruments
Statement of Profit or Loss, Statement of Other part of effective interest rate
Comprehensive Income, Statement of Changes NFRS 9: Para 5.5
in Equity, Statement of Cash Flows, Statement of Impairment and collectability
Recognition of
Distributable Profit or Loss, Notes to the Financial 2 of financial assets measured
Expected Credit
Statements, Significant Accounting Policies and at amortized cost.
Loss
other disclosures required by regulatory bodies.
2.2 Reporting period and approval of Financial
Since the bank does not have any subsidiary, Statements
the Financial Statement of the bank for the year
ended Ashadh end 2079, does not comprises any 2.2.1 Reporting Period
subsidiaries.
The accounting policies set out below have been
1.3 Principal Activities and Operations applied consistently to all periods presented in these
financial statements. The Bank follows the Nepalese
Bank financial year based on the Nepalese calendar. The
The Banks business comprises accepting deposits, corresponding dates for the English calendar are as
granting credit facilities, retail banking, corporate follows:
banking, consumer banking, dealing in Government
Relevant
Securities, credit card operations, agency services,
Financial Date in B.S. Date in A.D.
trade finance services, investment and treasury
Statement
operations, card services, e-banking products,
remittances, foreign currency operations and other Statement of financial position date
financial services to its customers through its Current Year 32nd Ashadh 2079 16th July 2022
branches and ATMs networks. Previous Year 31 Ashadh 2078
st
15th July 2021
Subsidiary Statement of Profit and Loss Account
The Bank has no any Subsidiary. Current Year 1st Shrawan 2078 - 16th July 2021 -
32nd Ashadh 2079 16th July 2022
Associates Previous Year 1st Shrawan 2077 - 16th July 2020 -
Mero Micro Finance Lagubitta Bittiya Santha Limited 31st Ashadh 2078 15th July 2021
and Swabhimaan Laghubitta Bittiya Sanstha Limited 2.2.2 Approval of Financial Statement
are the Associates of the Bank.
The accompanied Financial Statements have been
Mero Micro Finance is joint initiative of 10 institutions authorized by the 456th Board of Directors meeting
with 8 Commercial banks and 2 development banks. vide its resolution dated 15th December 2022 (29th
It has been incorporated and registered as a 'D' class Mangsir 2079) and recommended for its approval by
national level financial institution and started formal the Annual General Meeting of the shareholders.
microfinance operation from 18 July, 2013 through its
first branch office Battar located in Nuwakot district. 2.3 Functional and Presentation Currency
The paid up capital of Mero Microfinance Lagubitta
The Financial Statements are presented in Nepalese
Bittiya Sanstha is NRs. 1.2 billion.
Rupees (NPR), which is the Banks both functional
Swabhimaan Laghubitta Bittiya Sanstha Limited currency and presentation currency. Financial
29
information presented in Nepalese Rupees unless evidence, but the effects of which are not yet evident.
indicated otherwise. The collective assessment takes in to account data
from the loan portfolio such as levels of arrears,
2.4 Use of estimates, assumptions and judgments credit quality, portfolio size etc. and judgments
The preparation of the financial statements is in based on current economic conditions.
line with NFRS and its carve out issued by Institute The bank has opted to apply carve-out on impairment
of Chartered Accountants of Nepal which includes of loans and advances as per Para 5.5 NFRS 9 to
management to make judgments, estimates and determine the amount of any impairment loss. It
assumptions that affect the reported amount of has separately calculated individual and collective
revenues, expenses, assets and liabilities, and the impairment loss amount and compared with the
accompanying disclosures, as well as the disclosure impairment provision required under NRB directive
of contingent liabilities. Uncertainty about these no.2, higher of the amount derived from these
assumptions and estimates could result in outcomes measures is taken as impairment loss for loans and
that require a material adjustment to the carrying advances.
amount of assets or liabilities affected in future
periods. 2.4.4 Impairment of Available for Sale Investments
Estimates and underlying assumptions are reviewed Bank reviews its securities classified as available for
on an ongoing basis. Revisions to accounting sale, at each reporting date to assess whether they
estimates are recognized in the period in which are impaired. Objective evidence exists in available-
the estimate is revised and in any future periods for-sale securities if it identifies significant financial
affected. difficulty of the issuer, a breach of contract such
as a default or delinquency in interest or principal
The most significant areas of estimation, uncertainty payments etc. Bank also records impairment
and critical judgments in applying accounting policies charges on available for sale equity investments
that have most significant effect in the Financial where there is significant or prolonged decline in fair
Statements are as follows: value below their cost. The determination of what is
2.4.1 Going Concern ‘significant’ or ‘prolonged’ requires judgment. Bank
generally treats ‘significant’ as 20% and ‘prolonged’
The Board of Directors has made an assessment as greater than twelve months. In addition, Bank
of the Bank’s ability to continue as a going concern evaluates, among other factors, historical share
and is satisfied that it has the resources to continue price movements, duration and extent up to which
in business for the foreseeable future. Furthermore, the fair value of an investment is less than its cost.
the Board of Directors is not aware of any material
uncertainties that may cast significant doubt upon 2.4.5 Taxation
Bank’s ability to continue as a going concern and The Banks subject to income tax and judgment is
they do not intend either to liquidate or to cease required to determine the total provision for current,
operations of it. Therefore, the Financial Statements deferred and other taxes due to the uncertainties
continue to be prepared on the going concern basis. that exist with respect to the interpretation of the
2.4.2 Fair Value of Financial Instruments applicable tax laws, at the time of preparation of
these Financial Statements.
Where the fair values of financial assets and financial
liabilities recorded in the statement of financial Deferred tax assets are recognized in respect
position can be derived from active markets, they are of tax losses to the extent that it is probable that
derived from observable market data. However, if future taxable profit will be available against which
this is not available, judgment is required to establish the losses can be utilized. Judgment is required to
fair values. The valuation of financial instruments is determine the amount of deferred tax assets that
described in more details in Note 5.1.6 under “Fair can be recognized, based upon the likely timing and
Value of financial assets and liabilities”. level of future taxable profits, together with future tax
planning strategies.
2.4.3 Impairment of Financial Assets – Loans
and Receivables 2.4.6 Defined Benefit Plans
The Bank reviews its individually significant loans The cost of the defined benefit obligations and the
and advances at each reporting period to assess present value of their obligations are determined
whether an impairment loss shall be recorded in using actuarial valuations. The actuarial valuation
the income statement. In particular, judgment of involves making assumptions about discount
the management is required in the estimation of rates, future salary increments, mortality rates and
the amount and timing of future cash flows when possible future increments if any. Due to the long-
determining the impairment. term nature of these plans, such estimates are
subject to uncertainty. All assumptions are reviewed
These estimates are based on assumptions about at each reporting date.
a number of factors and actual results may differ,
resulting in future changes to the impairment In determining the appropriate discount rate,
allowance. management considers the interest rates of Nepal
government Citizen Saving bonds with maturities
Loans and advances that have been assessed corresponding to the expected duration of the defined
individually and all individually insignificant loans benefit obligation. The mortality rate is based on
and advances are then assessed collectively, in Nepali Assured Mortality Table, 2009. Future salary
groups of assets with similar risk characteristics, to escalation rates are based on expected future salary
determine whether provision should be made due increment rates of the Bank based on past data.
to incurred loss events for which there is objective
30
2.4.7 Fair Value of Property and Equipment All Standards and pronouncement issued by
Accounting Standard Board Nepal as on reporting
The freehold land and buildings of the bank are not
period has been adopted. However, IFRS 9:
reflected at fair value and no revaluation has been
Impairment, IFRS 15: Revenue from Contract
carried at the reporting date. After recognition as an
with Customers, IFRS 16: Lease are effective
asset, an item of property and equipment are carried
internationally, and these standards will be adopted
at its cost less any accumulated depreciation and
when they are pronouncement of Accounting
any accumulated impairment losses.
Standard Board, Nepal.
2.4.8 Useful Life-time of the Property, Plant and
Equipment 2.7 Discounting
The Bank is following the cost model for recognition When the realization of assets and settlement
of Property, Plant and Equipment. The Bank reviews of obligation is for more than one year, the Bank
the residual values, useful lives and methods of considers the discounting of such assets and
depreciation of property, plant and equipment at liabilities where the impact is material. Various
each reporting date. internal and external factors have been considered
for determining the discount rate to be applied to the
2.4.9 Commitments and Contingencies cash flows of company.
All discernible risks are accounted for in determining 2.8 Presentation of Financial Statement
the amount of all known liabilities. Contingent
liabilities are possible obligations whose existence The assets and liabilities of Bank presented in
will be confirmed only by uncertain future events or the Statement of Financial Position are grouped
present obligations where the transfer of economic in an order of liquidity. An analysis on recovery or
benefit is not probable or cannot be reliably settlement within 12 months after the reporting date
measured. Contingent liabilities are not recognized (current) and more than 12 months after the reporting
in the Statement of Financial Position but are date (non-current) is presented in the Notes.
disclosed unless they are remote. 2.9 Materiality and Aggregation
2.4.10 Classification of Investment Properties In compliance with NAS 1, the bank has each material
Management requires using its judgment to class of similar items are presented separately in the
determine whether a property qualifies as an Financial Statement. Similarly, items of dissimilar
investment property. The Bank has developed criteria nature or functions are presented separately unless
so it can exercise its judgment consistently. A property they are immaterial. Financial Assets and Financial
that is held to earn rentals or for capital appreciation Liabilities are offset and the net amount reported in
or both and which generates cash flows largely the Statement of Financial Position only when there
independently of the other assets held by the Bank is is a legally enforceable right to offset the recognized
accounted for as investment properties. On the other amounts and there is an intention to settle on a net
hand, a property that is used for operations or in the basis, or to realize the assets and settle the liability
process of providing services or for administrative simultaneously. Income and expenses are not offset
purposes and which do not directly generate cash in the Statement of Profit or Loss unless required or
flows as a standalone-assets are accounted for as permitted by an Accounting Standard.
property, plant and equipment. The Bank assesses
2.10 Comparative Information
on an annual basis the accounting classification of its
properties taking into consideration the current use The Financial Statement of the Bank provides
of such properties. Currently, land or land &building comparative information in respect of previous
hold by bank as Non-Banking Assets is categorized periods. The accounting policies have been
as investment property. consistently applied by the Bank with those of the
previous financial year in accordance with NAS 1
2.5 Changes in Accounting Policies Presentation of Financial Statements, except those
Accounting policies are the specific principles, which had to be changed as a result of application
bases, conventions, rules and practices applied of the new NFRS. Furthermore, comparative
by the bank in preparing and presenting financial information is reclassified and restated wherever
statements. The bank is permitted to change an necessary to comply with the current presentation.
accounting policy only if the change is required by a
standard or interpretation; or results in the financial
3 SIGNIFICANT ACCOUNTING POLICIES
statements providing reliable and more relevant The accounting policies set out below have been
information about the effects of transactions, applied consistently to all periods presented in these
other events or conditions on the entity's financial Financial Statements, unless otherwise indicated.
position, financial performance, or cash flows. The
bank uses the same accounting policies throughout 3.1 Basis of Measurement
all periods presented in its financial statements. The Financial Statements of the Bank have been
Those accounting policies comply with each NFRS prepared on the historical cost basis, except for the
effective at the end of reporting period. following material items in the Statement of Financial
2.6 New Standards and Interpretation not adopted Position:
For the reporting of Financial Instruments, NAS 32 a. Available for sale investments (quoted) are
Financial Instrument Presentation, NAS 39 Financial measured at fair value.
Instrument Recognition and Measurements and b. Liabilities for defined benefit obligations are
NFRS 7 Financial Instruments-Disclosures have recognized at the present value of the defined
been applied.
31
benefit obligation less the fair value of the plan the parent. The group attributes the profit or loss and
assets. each component of other comprehensive income to
the owners of the parent and to the non-controlling
c. Financial assets and financial liabilities held at
interests.
amortized cost are measured using a rate that is a
close approximation of effective interest rate. The group also attributes total comprehensive income
to the owners of the Bank and to the non-controlling
However, the bank has opted to apply carve-out and
interests even if this results in the non-controlling
measure the financial assets and liabilities at carrying
interests having a deficit balance. Currently, the bank
amount i.e. amount disbursed to borrower and amount
has no such NCIs.
received from the lender by the bank.
3.2.3 Subsidiaries
3.2 Basis of Consolidation
Subsidiaries are entities that are controlled by the
3.2.1 Business Combinations and Goodwill Bank. The Bank is presumed to control an investee
Business combinations shall be accounted using when it is exposed or has rights to variable returns
the Explanatory Note on Accounting for Business from its involvement with the investee and has
Combination issued by Institute of Chartered the ability to affect those returns through its power
Accountants of Nepal. over the investee. At each reporting date, the Bank
reassesses whether it controls an investee if facts
Para 18 of NFRS 3 states that “The acquirer shall and circumstances indicate that there are changes
measure the identifiable assets acquired and the to one or more elements of control mentioned above.
liabilities assumed at their acquisition date fair Currently, the Bank does not have any subsidiaries.
values.” It is clarified that the identifiable assets and
liabilities are measured at their individual fair values 3.2.4 Loss of Control
as on acquisition date. Those assets and liabilities When the Bank loses control over a Subsidiary, it
acquired are brought in the books of the acquirer at derecognizes the assets and liabilities of the former
same values as at the acquisition date. subsidiary from the consolidated statement of financial
Para 32 of NFRS 3 states that “The acquirer shall position. The Bank recognizes any investment
recognize goodwill as of the acquisition date measured retained in the former subsidiary at its fair value when
as the excess of (a) over (b) below: control is lost and subsequently accounts for it and for
any amounts owed by or to the former subsidiary in
(a) The aggregate of: accordance with relevant NFRSs. That fair value shall
i) The consideration transferred measured be regarded as the fair value on initial recognition of a
in accordance with this NFRS, which financial asset in accordance with relevant NFRS or,
generally requires acquisition-date fair value when appropriate, the cost on initial recognition of an
( paragraph 37) investment in an associate or joint venture. The Bank
recognizes the gain or loss associated with the loss of
ii) The amount of any non-controlling interest in control attributable to the former controlling interest.
the acquiree measured in accordance with
this NFRS; and 3.2.5 Special Purpose Entity (SPE)
iii) In a business combination achieved in An entity may be created to accomplish a narrow and
stages (paragraphs 41 and 42), the well-defined objective (eg. to effect a lease, research
acquisition-date fair value of the acquirer’s and development activities or a securitization of
previously held equity interest in the acquiree. financial assets). Such a special purpose entity (‘SPE’)
may take the form of a corporation, trust, partnership
(b) The net of the acquisition-date amounts of the or unincorporated entity.
identifiable assets acquired and the liabilities
assumed measured in accordance with NFRS. Currently, the Bank does not have any special
The standard requires to recognize goodwill for the purpose entity.
excess of the value derived as per (a) over (b). 3.2.6 Transaction elimination on consolidation
Goodwill may be measured in a business combination In consolidating a subsidiary, the group eliminates
effected through exchange of equity interest of the full intra-group assets and liabilities, equity, income,
acquirer by considering the business valuation of expenses and cash flows relating to transactions
acquiree computed based on the similar terms as for between the subsidiary and the bank (profits or
the purpose of computing swap ratio. The excess of losses resulting from intra-group transactions that
consideration paid by the acquirer over the business are recognized in assets, such as inventory and fixed
value of the acquiree is only considered as goodwill assets, are eliminated in full).
because it represents the expected synergies and
other benefits arising from combining the businesses. Currently, the Bank does not have any subsidiary,
thus consolidation is not applicable.
The bank uses other observable inputs such as the
value determined for the purpose of determining swap 3.3 Cash and cash equivalents
ratio between the acquirer and acquiree to determine
Cash and cash equivalents include cash at vault and
the fair value of the equity instruments to be issued by
cash in transit, balances with other bank and financial
the acquirer to the owners of acquiree.
institutions, money at call and short notice and highly
3.2.2 Non-Controlling Interest (NCI) liquid financial assets with original maturities of three
months or less from the acquisition date that are
The group presents non-controlling interests in its
subject to an insignificant risk of changes in their fair
consolidated statement of financial position within
value. Fair value of cash and cash equivalent amount
equity, separately from the equity of the owners of
is the carrying amount.
32
Details of the Cash and Cash Equivalents are given in entered into by Bank that are not designated as
Note 4.1 to the Financial Statements. hedging instruments in hedge relationships as
defined by Nepal Financial reporting standard
3.4 Financial assets and Financial Liabilities NFRS 9 “Financial Instruments: Recognition and
3.4.1 Initial Recognition Measurement”.
(a) Date of Recognition Financial assets held for trading are recorded in
the Statement of Financial Position at fair value.
All financial assets and liabilities are initially recognized Changes in fair value are recognized in ‘Net
on the trade date, i.e. the date on which the Bank trading income’. Dividend income is recorded in
becomes a party to the contractual provisions of ‘Net trading income’ when the right to receive the
the instrument. This includes ‘regular way trades’. payment has been established.
Regular way trade means purchases or sales of
financial assets that required delivery of assets within Bank evaluates its held for trading asset
the time frame generally established by regulation or portfolio, other than derivatives, to determine
convention in the market place. whether the intention to sell them in the near
future is still appropriate. When Bank is unable
(b) Recognition and Initial Measurement of to trade these financial assets due to inactive
Financial Instruments markets and management’s intention to sell
The classification of financial instruments at the them in the foreseeable future significantly
initial recognition depends on their purpose and changes, the Bank may elect to reclassify
characteristics and the management’s intention in these financial assets. Financial assets held for
acquiring them. All financial instruments are measured trading include instruments such as government
initially at their fair value plus transaction costs that securities and equity instruments that have been
are directly attributable to acquisition or issue of acquired principally for the purpose of selling or
such financial instruments except in the case of such repurchasing in the near term. Currently, bank
financial assets and liabilities at fair value through profit has not categorized its financial assets in this
or loss, as per the Nepal Financial reporting standard category.
NFRS 9 (Financial Instruments: Recognition and ii) Financial Assets Designated at Fair Value
Measurement). Transaction costs in relation to financial through Profit or Loss
assets and financial liabilities at fair value through profit
or loss are dealt with the Statement of Profit or Loss. Bank designates financial assets at fair
value through profit or loss in the following
3.4.2 Classification and Subsequent Measurement circumstances:
of Financial Instruments
a. Such designation eliminates or significantly
3.4.2.1 Classification and Subsequent reduces measurement or recognition
Measurement of Financial Assets inconsistency that would otherwise arise from
At the inception, a financial asset is classified into one measuring the assets.
of the following: b. The assets are part of a group of Financial
a) Financial assets measured at fair value through assets, financial liabilities or both, which are
profit or loss managed and their performance evaluated
on a fair value basis, in accordance with a
i. Financial Assets held for trading documented risk management or investment
ii. Financial Assets designated at fair value strategy.
through profit or loss c. The assets contain one or more embedded
b) Financial Asset measured at amortized cost derivatives that significantly modify the cash
flows that would otherwise have been required
i. Financial Assets -Held to Maturity under the contract.
ii. Financial Assets - Loans and Receivables Financial assets designated at fair value through
c) Financial assets measured at fair value through profit or loss is recorded in the Statement of
OCI Financial Position at fair value. Changes in fair
value are recorded in ‘Net gain or loss on financial
The subsequent measurement of financial assets instruments designated at fair value through
depends on their classification. profit or losses’ in the Statement of Profit or
(a) Financial Assets measured at Fair Value Loss. Interest earned is accrued under ‘Interest
through Profit or Loss income’, using the effective interest rate method,
while dividend income is recorded under ‘Other
A financial asset is classified as fair value through operating income’ when the right to receive the
profit or loss if it is held for trading or is designated at payment has been established.
fair value through profit or loss.
The Bank has not designated any financial assets
i) Financial Assets Held for Trading upon initial recognition as designated at fair value
Financial assets are classified as held for trading through profit or loss.
if they are acquired principally for the purpose of (b) Financial Assets measured at amortized Cost
selling or repurchasing in the near term or holds
as a part of a portfolio that is managed together for After initial measurement, loans and receivables are
short-term profit or position taking. This category subsequently measured at amortized cost using the
also includes derivative financial instruments effective interest rate, less allowance for impairment.
The amortization is included in ‘Interest Income’ in the
33
Statement of Profit or Loss. The losses arising from amount are recognized in other comprehensive
impairment are recognized in the Statement of Profit income.
or Loss.
In the normal course of business, the fair value
i) Held to Maturity Financial Assets of a financial instrument on initial recognition
is the transaction price (that is, the fair value of
Held to Maturity Financial Assets are non-
the consideration given or received). In certain
derivative financial assets with fixed or
circumstances, however, the fair value will be based
determinable payments and fixed maturities
on other observable current market transactions
which the Bank has the intention and ability to
in the same instrument, without modification or
hold to maturity.
repackaging, or on a valuation technique whose
ii) Loans and Receivables variables include only data from observable markets,
such as interest rate yield, option volatilities and
Loans and receivables include non-derivative
currency rates. When such evidence exists, the
financial assets with fixed or determinable
Bank recognizes a trading gain or loss on inception
payments that are not quoted in an active
of the financial instrument, being the difference
market, other than:
between the transaction price and fair value.
• Those that the Bank intends to sell iMediately
When unobservable market data have a significant
or in the near term and those that the Bank,
impact on the valuation of financial instruments,
upon initial recognition, designates as fair
the entire initial difference in fair value from the
value through profit or loss.
transaction price as indicated by the valuation model
• Those that the Bank, upon initial recognition, is not recognized iMediately in the income statement.
designates as available for sale Instead, it is recognized over the life of the transaction
on an appropriate basis, when the inputs become
• Those for which the Bank may not recover observable, the transaction matures or is closed out,
substantially all of its initial investment or when the Bank enters into an offsetting transaction.
through contractual cash flows, other than
because of credit deterioration. 3.4.2.2 Classification and Subsequent
Measurement of Financial Liabilities
However, the bank has opted to apply carve-
out provided by the Institute of Chartered At the inception, Bank determines the classification
Accountants of Nepal and recognize interest of its financial liabilities. Accordingly, financial
income at the coupon rate and continually liabilities are classified as:
measured the carrying amount of loans and
a. Financial liabilities at fair value through profit or
receivable at cost/fair value less repayment and
loss
allowance for impairment.
i. Financial liabilities held for trading
(c) Financial Assets measured at fair value
through OCI ii. Financial liabilities designated at fair value
through profit or loss
Financial assets measured at fair value through OCI
are Available for sale financial assets. It includes b. Financial liabilities at amortized cost
equity and debt securities. Equity Investments
(a) Financial Liabilities at Fair Value through
classified as ‘Available for Sale’ are those which
Profit or Loss
are neither classified as ‘Held for Trading’ nor
‘Designated at fair value through profit or loss’. Financial Liabilities at fair value through profit or
Securities in this category are intended to be held loss include financial liabilities held for trading and
for an indefinite period of time and may be sold in financial liabilities designated upon initial recognition
response to needs for liquidity or in response to as fair value through profit or loss. Subsequent to
changes in the market conditions. initial recognition, financial liabilities at fair value
through profit or loss are measured at fair value and
After initial measurement, financial assets measured
changes therein are recognized in profit or loss.
at fair value through OCI are subsequently
measured at fair value. Unrealized gains and losses i) Financial Liabilities Held for Trading
are recognized directly in equity through ‘Other
Financial liabilities are classified as held for
comprehensive income / expense’ in the ‘Fair Value
trading if they are acquired principally for
Reserve’. When the investment is disposed of the
the purpose of selling or repurchasing in the
cumulative gain or loss previously recognized in
near term or holds as a part of a portfolio that
equity is recognized in the Statement of Profit or
is managed together for short-term profit or
Loss under ‘Other operating income’. Interest earned
position taking. This category includes derivative
whilst holding these assets are reported as ‘Interest
financial instrument entered into by Bank that
income’ using the effective interest rate. Dividend
are not designated as hedging instruments
earned whilst holding these assets are recognized
in hedge relationships as defined by Nepal
in the Statement of Profit or Loss as ‘other operating
Financial reporting standard NFRS 9 (Financial
income’ when the right to receive the payment has
Instruments: Recognition and Measurement).
been established.
ii) Financial Liabilities Designated at Fair Value
Financial assets under this category that are
through Profit or Loss
monetary securities denominated in a foreign
currency – translation differences related to changes Bank designates financial liabilities at fair value
in the amortized cost of the security are recognized in through profit or loss at following circumstances:
income statement and other changes in the carrying
• Such designation eliminates or significantly
34
reduces measurement or recognition until the date of reclassification is not reversed to the
inconsistency that would otherwise arise Statement of Profit or Loss.
from measuring the liabilities.
If a financial asset is reclassified, and if Bank
• The liabilities are part of a group of Financial subsequently increases its estimates of the future
assets, financial liabilities or both, which are cash receipts as a result of increased recoverability
managed and their performance evaluated of those cash receipts, the effect of that increase is
on a fair value basis, in accordance recognized as an adjustment to the effective interest
with a documented risk management or rate from the date of the change in estimate rather
investment strategy than an adjustment to the carrying amount of the
asset at the date of change in estimate.
• The liability contains one or more
embedded derivatives that significantly (b) Reclassification of ‘Available for sale’
modify the cash flows that would otherwise Financial Instruments
have been required under the contract.
Bank may reclassify financial assets out of available
b) Financial Liabilities at Amortized Cost for sale category as a result of change in intention
or ability or in rare circumstances that a reliable
Financial instruments issued by Bank that are not
measure of fair value is no longer available.
classified as fair value through profit or loss are
classified as financial liabilities at amortized cost, A financial asset classified as available for sale
where the substance of the contractual arrangement that would have met the definition of loans and
results in Bank having an obligation either to deliver receivables at the initial recognition may be
cash or another financial asset to another Bank, or to reclassified out of available for sale category to
exchange financial assets or financial liabilities with the loans and receivables category if Bank has
another Bank under conditions that are potentially the intention and ability to hold such asset for the
unfavorable to the Bank or settling the obligation foreseeable future or until maturity.
by delivering variable number of Bank’s own equity
The fair value of financial instruments at the date of
instruments.
reclassification is treated as the new cost or amortized
After initial recognition, such financial liabilities are cost of the financial instrument after reclassification.
subsequently measured at amortized cost using the Difference between the new amortized cost and the
effective interest rate method. Within this category, maturity value is amortized over the remaining life of
deposits and debt instruments with fixed maturity the asset using the effective interest rate. Any gain
period have been recognized at amortized cost or loss already recognized in Other Comprehensive
using the method that very closely approximates Income in respect of the reclassified financial
effective interest rate method. The amortization is instrument is accounted as follows:
included in ‘Interest Expenses’ in the Statement of
i) Financial assets with fixed maturity:
Profit or Loss. Gains and losses are recognized in
the Statement of Profit or Loss when the liabilities Gain or loss recognized up to the date of
are derecognized. reclassification is amortized to profit or loss
over the remaining life of the investment using
3.4.3 Reclassification of Financial Instruments
the effective interest rate. If the financial asset
(a) Reclassification of Financial Instruments ‘At is subsequently impaired, any previous gain
fair value through profit or loss’, or loss that has been recognized in other
comprehensive income is reclassified from
Bank does not reclassify derivative financial
equity to profit or loss.
instruments out of the fair value through profit or loss
category when it is held or issued. ii) Financial assets without fixed maturity:
Non-derivative financial instruments designated Gain or loss recognized up to the date of
at fair value through profit or loss upon initial reclassification is recognized in profit or
recognition is not reclassified subsequently out of loss only when the financial asset is sold or
fair value through profit or loss category. otherwise disposed of. If the financial asset
is subsequently impaired, any previous gain
Bank may, in rare circumstances reclassify financial
or loss that has been recognized in other
instruments out of fair value through profit or loss
comprehensive income is reclassified from
category if such instruments are no longer held for the
equity to profit or loss.
purpose of selling or repurchasing in the near term
notwithstanding that such financial instruments may If a financial asset is reclassified, and if Bank
have been acquired principally for the purpose of selling subsequently increases its estimates of
or repurchasing in the near term. Financial assets future cash receipts as a result of increased
classified as fair value through profit or loss at the initial recoverability of those cash receipts, the effect
recognition which would have also met the definition of of that increase is recognized as an adjustment
‘Loans and Receivables’ as at that date is reclassified to the effective interest rate from the date of the
out of the fair value through profit or loss category only change in estimate rather than an adjustment to
if Bank has the intention and ability to hold such asset the carrying amount of the asset at the date of
for the foreseeable future or until maturity. change in estimate.
The fair value of financial instruments at the date (c) Reclassification of ‘Held to Maturity’
of reclassification is treated as the new cost or Financial Instruments
amortized cost of the financial instrument after
As a result of a change in intention or ability, if it is
reclassification. Any gain or loss already recognized
no longer appropriate to classify an investment as
in respect of the reclassified financial instrument
35
held to maturity, Bank may reclassify such financial from investment securities.
assets as available for sale and re- measured at
(b) De-recognition of Financial Liabilities
fair value. Any difference between the carrying
value of the financial asset before reclassification A financial liability is derecognized when the
and fair value is recognized in equity through other obligation under the liability is discharged or
comprehensive income. cancelled or expired. Where an existing financial
liability is replaced by another from the same lender
However, if Bank were to sell or reclassify more
on substantially different terms or the terms of an
than an insignificant amount of held to maturity
existing liability are substantially modified, such an
investments before maturity [other than in certain
exchange or modification is treated as de-recognition
specific circumstances permitted in Nepal Financial
of the original liability and the recognition of a new
reporting standard NFRS 9 (Financial Instruments:
liability.
Recognition and Measurement)], the entire category
would be tainted and would have to be reclassified The difference between the carrying value of the
as ‘Available for sale’. Furthermore, Bank would be original financial liability and the consideration paid
prohibited from classifying any financial assets as is recognized in profit or loss.
‘Held to Maturity’ during the following two years.
i) Repurchase and Reverse Repurchase
3.4.4 De-recognition of Financial Assets and Agreements
Liabilities
Securities sold under agreement to repurchase
(a) De-recognition of Financial Assets at a specified future date are not de-recognized
from the Statement of Financial Position as
Bank derecognizes a financial asset (or where
the Bank retains substantially all of the risks
applicable a part of financial asset or part of a group
and rewards of ownership. The corresponding
of similar financial assets) when:
cash received is recognized in the Statement
a. The rights to receive cash flows from the asset of Financial Position as a liability with a
have expired; or corresponding obligation to return it, including
accrued interest under ‘Securities sold under
b. Bank has transferred its rights to receive cash
repurchase agreements’, reflecting the
flows from the asset or
transaction’s economic substance to the Bank.
c. Bank has assumed an obligation to pay the The difference between the sale and repurchase
received cash flows in full without material prices is treated as interest expense and is
delay to a third party under a ‘pass-through’ accrued over the life of the agreement using the
arrangement and either Bank has transferred effective interest rate. When the bank has the
substantially all the risks and rewards of the right to sell or re-pledge the securities, the Bank
asset or it has neither transferred nor retained reclassifies those securities in its Statement
substantially all the risks and rewards of the of Financial Position as ‘Financial assets held
asset, but has transferred control of the asset. for trading pledged as collateral or ‘Financial
assets available for sale pledged as collateral,
On de-recognition of a financial asset, the difference
as appropriate.
between the carrying amount of the asset (or the
carrying amount allocated to the portion of the asset Conversely, securities purchased under
derecognized) and the sum of the consideration agreements to resell at future date are not
received (including any new asset obtained less recognized in the Statement of Financial
any new liability assumed) and any cumulative Position. The consideration paid, including
gain or loss that had been recognized in other accrued interest, is recorded in the Statement of
comprehensive income is recognized in profit or Financial Position, under “Reverse repurchase
loss. agreements’ reflecting the transaction’s
economic substance to the Bank. The
When Bank has transferred its rights to receive cash
difference between the purchase and resale
flows from an asset or has entered into a pass-
prices is recorded as ‘Interest income’ and is
through arrangement and has neither transferred
accrued over the life of the agreement using the
nor retained substantially all of the risks and
effective interest rate. If securities purchased
rewards of the asset nor transferred control of the
under agreement to resell are subsequently
asset, the asset is recognized to the extent of the
sold to third parties, the obligation to return
Bank’s continuing involvement in the asset. In that
the securities is recorded as a short sale
case, Bank also recognizes an associated liability.
within ‘Financial liabilities held for trading’ and
The transferred asset and the associated liability
measured at fair value with any gains or losses
are measured on a basis that reflects the rights and
included in ‘Net trading income’.
obligations that Bank has retained.
3.4.5 Fair Value Measurement
When Bank’s continuing involvement that takes
the form of guaranteeing the transferred asset, the ‘Fair value’ is the price that would be received to sell
extent of the continuing involvement is measured at an asset or paid to transfer a liability (exit price) in
the lower of the original carrying amount of the asset an orderly transaction between market participants
and the maximum amount of consideration received at the measurement date in the principal or, in its
by Bank that Bank could be required to repay. absence, the most advantageous market to which
the Bank has access at that date. The fair value
When securities classified as available for sale
of liability reflects its non-performance risk. When
are sold, the accumulated fair value adjustments
available, the Bank measures the fair value of an
recognized in other comprehensive income are
instrument using the quoted price in an active market
reclassified to income statement as gains and losses
36
for that instrument. A market is regarded as active if and for which an impairment loss is or continues
transactions for the asset or liability take place with to be recognized are not included in a collective
sufficient frequency and volume to provide pricing assessment of impairment.
information on an ongoing basis on an arm’s length
If there is an objective evidence that an impairment
basis. The hierarchy of Fair Value is described in
loss has been incurred, the amount of the loss is
5.1.6.
measured as the difference between the assets’
If there is no quoted price in an active market, then carrying amount and the present value of estimated
the Bank uses valuation techniques that maximize future cash flows (excluding future expected credit
the use of relevant observable inputs and minimize losses that have not yet been incurred). The carrying
the use of unobservable inputs. The chosen amount of the asset is reduced through the use of
valuation technique incorporates all of the factors an allowance account and the amount of the loss is
that market participants would take into account in recognized in the income statement. Interest income
pricing a transaction. Initial recognition is normally continues to be accrued on the reduced carrying
the transaction price - i.e. the fair value of the amount and is accrued using the rate of interest used
consideration given or received. to discount the future cash flows for the purpose of
measuring the impairment loss.
The fair value of a demand deposit is not less than
the amount payable on demand, discounted from the i) Individually Assessed Financial Assets
first date on which the amount could be required to
The criteria used to determine whether there is
be paid. A fair value measurement of a non-financial
objective evidence of impairment include and
asset takes into account a market participant’s ability
not limited to:
to generate economic benefits by using the asset in
its highest best use or by selling it to another market • Known Cash Flow difficulties experienced
participant that would use the asset in its highest and by the borrowers:
best use. The Bank recognizes transfers between
• Past due contractual payments of either
levels of the fair value hierarchy as of the end of the
principal or interest;
reporting period during which the change has occurred.
• Breach of loan covenants or conditions;
3.4.6 Impairment of Financial Assets
• The probability that the borrower will enter
The bank has prepared separate Policy for Impairment
bankruptcy or other financial reorganization
of Financial Assets under NFRS in which Financial
Assets are assesses at each reporting date, whether • A significant downgrading in credit rating by
there is any objective evidence that a financial asset an external credit rating agency.
or group of financial assets not carried at fair value
through profit or loss is impaired. A financial asset or If there is objective evidence that an impairment
group of financial assets is deemed to be impaired if loss on financial assets measured at amortized
and only if there is objective evidence of impairment cost has been incurred, the amount of the loss
as a result of one or more events, that have occurred is measured by discounting the expected future
after the initial recognition of the asset (an ‘incurred cash flows of a financial asset at its original
loss event’) and that loss event (or events) has an effective interest rate and comparing the resultant
impact on the estimated future cash flows of the present value with the financial asset’s current
financial asset or group of financial assets that can carrying amount. The impairment allowances on
be reliably estimated. individually significant accounts are reviewed
more regularly when circumstances require.
Evidence of impairment may include: indications that This normally encompasses re-assessment of
the borrower or a group of borrowers is experiencing the enforceability of any collateral held and the
significant financial difficulty; the probability that they timing and amount of actual and anticipated
will enter bankruptcy or other financial reorganization; receipts. Individually assessed impairment
default or delinquency in interest or principal allowances are only released when there is
payments; and where observable data indicates that reasonable and objective evidence of reduction
there is a measurable decrease in the estimated in the established loss estimate. Interest on
future cash flows, such as changes in arrears or impaired assets continues to be recognized
economic conditions that correlate withed faults. through the unwinding of the discount.
(a) Impairment of Financial Assets carried at Loans together with the associated allowance
Amortized Cost are written off when there is no realistic prospect
of future recovery and all collateral has been
For financial assets carried at amortized cost,
realized or has been transferred to the Bank. If,
such as amounts due from banks, held to maturity
in a subsequent year, the amount of the estimated
investments etc., Bank first assesses individually
impairment loss increases or decreases because
whether objective evidence of impairment exists
of an event occurring after the impairment was
for financial assets that are individually significant
recognized, the previously recognized impairment
or collectively for financial assets that are not
loss is increased or reduced by adjusting the
individually significant. In the event Bank determines
allowance account. If a future writes off is
that no objective evidence of impairment exists for
later recovered, the recovery is credited to the
an individually assessed financial asset, it includes
impairment charges for loans and other losses.
the asset in a group of financial assets with similar
credit risk characteristics such as collateral type, When impairment losses are determined for
past due status and other relevant factors and those financial assets where objective evidence
collectively assesses them for impairment. However, of impairment exists, the following coMon
assets that are individually assessed for impairment factors are considered:
37
i. Bank’s aggregate exposure to the customer; After grouping of loans on the basis of
homogeneous risks, the Bank uses net flow rate
ii. The viability of the customer’s business
method. Under this methodology; the movement
model and their capacity to trade
in the outstanding balance of customers into
successfully out of financial difficulties and
default categories over the periods; are used
generate sufficient cash flows to service
to estimate the amount of financial assets that
debt obligations;
will eventually be irrecoverable, as a result of
iii. The amount and timing of expected receipts the events occurring before the reporting date
and recoveries; which the Bank is not able to identify on an
individual loan basis.
iv. The extent of other creditors ‘Commitments
ranking ahead of, or pari-pasu with the Under this methodology, loans are grouped
Bank and the likelihood of other creditors into ranges according to the number of days
continuing to support the company; in arrears and statistical analysis is used to
estimate the likelihood that loans in each range
v. The realizable value of security and
will progress through the various stages of
likelihood of successful repossession;
delinquency and ultimately prove irrecoverable.
ii) Collectively Assessed Financial Assets
Current economic conditions and portfolio risk
Impairment is assessed on a collective basis in factors are also evaluated when calculating the
two circumstances: appropriate level of allowance required to cover
inherent losses. These additional macro and
i. To cover losses which have been incurred portfolio risk factors may include:
but have not yet been identified on loans
subject to individual assessment; and • Recent loan portfolio growth and product
mix
ii. For homogeneous groups of loans those are
not considered individually significant. • Unemployment rates
Incurred but not yet been identified • Gross Domestic Production (GDP)Growth
impairments
• Inflation
Individually assessed financial assets for which
• Interest rates
no evidence of loss has been specifically
identified on an individual basis are grouped • Changes in government laws and
together according to their credit risk regulations
characteristics for the purpose of calculating
• Property prices
an estimated collective loss. This reflects
impairment losses that the bank has incurred as • Overdue days
a result of events occurring before the reporting
However, the bank has opted to apply carve-
date, which the Bank is not able to identify on
out on impairment of loans and receivables.
an individual loan basis and that can be reliably
Accordingly, individual and collective
estimated.
impairment loss amount calculated as per NFRS
These losses will only be individually identified is compared with the impairment provision
in the future. As soon as information becomes required under NRB directive no.2, higher of the
available which identifies losses on individual amount derived from these measures is taken
financial assets within the group, those financial as impairment loss for loans and receivables.
assets are removed from the group and
iii) Reversal of Impairment
assessed on an individual basis for impairment.
If the amount of an impairment loss decreases
The collective impairment allowance is
in a subsequent period and the decrease can
determined after taking into account:
be related objectively to an event occurring after
• Historical Loss Experience in portfolios of the impairment was recognized, the excess is
similar credit risk; and written back by reducing the financial asset
impairment allowance account accordingly. The
• Management’s experience and judgment
write-back is recognized in the Statement of
as to whether current economic and credit
Profit or Loss.
conditions are such that the actual level of
inherent losses at the reporting date is like iv) Write-off of Financial Assets Carried At
to be greater or less than that suggested by Amortized Cost
historical experience.
Financial assets (and the related impairment
Homogeneous groups of Financials Assets allowance accounts) are normally written off
either partially or in full, when there is no realistic
Statistical methods are used to determine
prospect of recovery. Where financial assets
impairment losses on a collective basis for
are secured, this is generally after receipt of any
homogenous groups of financial assets. Losses
proceeds from the realization of security.
in these groups of financial assets are recorded
on an individual basis when individual financial v) Impairment of Rescheduled Loans and
assets are written off, at which point they are Advances
removed from the group.
Where possible, the Bank seeks to restructure
Bank uses the following method to calculate loans rather than to take possession of
historical loss experience on a collective basis: collateral. This may involve extending the
38
payment arrangements and the agreement of uncollectible.
new loan conditions. Once the terms have been
3.4.7 Offsetting of Financial Instruments
renegotiated, any impairment is measured
using the original EIR as calculated before the Financial assets and financial liabilities are offset
modification of terms and the loan is no longer and the net amount presented in the Statement of
considered past due. Management continually Financial Position when and only when Bank has a
reviews renegotiated loans to ensure that all legal right to set off the recognized amounts and it
criteria are met and that future payments are intends either to settle on a net basis or to realize
likely to occur. The loans continue to be subject the asset and settle the liability simultaneously.
to a criteria are met and that future payments Income and expenses are presented on a net basis
are likely to occur. The loans continue to be only when permitted under NFRSs or for gains and
subject to an individual or collective impairment losses arising from a group of similar transaction
assessment, calculated using the loan’s original such as in trading activity.
effective interest rate (EIR).
3.4.8 Amortized Cost Measurement
vi) Collateral Valuation
The Amortized cost of a financial asset or liability
The Bank seeks to use collateral, where is the amount at which the financial asset or
possible, to mitigate its risks on financial assets. liability is measured at initial recognition, minus
The collateral comes in various forms such as principal repayments, plus or minus the cumulative
cash, securities, letters of credit/guarantees, amortization using the effective interest method of
real estate, receivables, inventories, other any difference between the initial amount recognized
non-financial assets and credit enhancements and the maturity amount, minus any reduction for
such as netting agreements. The fair value of impairment.
collateral is generally assessed, at a minimum, at
inception and based on the guidelines issued by 3.5 Trading Assets
the Nepal Rastra Bank. Non-financial collateral, One of the categories of financial assets at fair value
such as real estate, is valued based on data through profit or loss is “held for trading” financial
provided by third parties such as independent assets. All financial assets acquired or held for the
valuator and audited financial statements. purpose of selling in the short term or for which there
(b) Impairment of Financial Assets – Available is a recent pattern of short term profit taking are
for Sale trading assets.
For available for sale financial investments, Bank 3.6 Derivatives assets and derivative liabilities
assesses at each reporting date whether there is A derivative is a financial instrument whose value
objective evidence that an investment is impaired. changes in response to the change in an underlying
In the case of debt instruments, Bank assesses variable such as an interest rate, coModity or security
individually whether there is objective evidence of price, or index; that requires no initial investment,
impairment based on the same criteria as financial or one that is smaller than would be required for a
assets carried at amortized cost. However, the contract with similar response to changes in market
amount recorded for impairment is the cumulative factors; and that is settled at a future date.
loss measured as the difference between the Forward contracts are the contracts to purchase or
amortized cost and the current fair value, less any sell a specific quantity of a financial instrument, a
impairment loss on that investment previously coModity, or a foreign currency at a specified price
recognized in the Income Statement. Future interest determined at the outset, with delivery or settlement
income is based on the reduced carrying amount and at a specified future date. Settlement is at maturity by
is accrued using the rate of interest used to discount actual delivery of the item specified in the contract,
the future cash flows for the purpose of measuring or by a net cash settlement.
the impairment loss. If, in a subsequent period, the
fair value of a debt instrument increases and the All freestanding contracts that are considered
increase can be objectively related to a credit event derivatives for accounting purposes are carried
occurring after the impairment loss was recognized, at fair value on the statement of financial position
the impairment loss is reversed through the Income regardless of whether they are held for trading or
Statement. non-trading purposes. Changes in fair value on
derivatives held for trading are included in net gains/
In the case of equity investments classified as (losses) from financial instruments in fair value
available for sale, objective evidence would also through profit or loss on financial assets/ liabilities at
include a ‘significant’ or ‘prolonged’ decline in the fair value through profit or loss.
fair value of the investment below its cost. Where
there is evidence of impairment, the cumulative loss 3.7 Properties and Equipment
measured as the difference between the acquisition
3.7.1 Recognition and measurement
cost and the current fair value, less any impairment
loss on that investment previously recognized in The Bank applies the requirements of the Nepal
profit or loss is removed from equity and recognized Accounting Standard – NAS 16 (Property, Plant and
in the Statement of profit or loss. However, any Equipment) in accounting for the assets. Property and
subsequent increase in the fair value of an impaired equipment are recognized if it is probable that future
available for sale equity security is recognized in economic benefits associated with the asset will flow
other comprehensive income. to the entity and the cost of the asset can be measured
reliably measured. Cost includes expenditure that is
Bank writes-off certain available for sale financial
directly attributable to the acquisition of the asset and
investments when they are determined to be
39
cost incurred subsequently to add to, replace part of fixed asset is ready to use, whichever is earlier.
an item of property, plant & equipment. The cost of Fixed assets booked before 15th of the month are
self‐constructed assets includes the cost of materials depreciated for the whole month and after 15th are
and direct labor, any other costs directly attributable depreciated for half month. Fixed Assets valuing
to bringing the asset to a working condition for 5,000 or less are directly charged to the profit and
its intended use and the costs of dismantling and loss account as expenses for capital items.
removing the items and restoring the site on which
3.7.6 Amortization of Leasehold Assets
they are located.
Costs incurred in respect of Leasehold Property are
3.7.2 Cost Model
capitalized as leasehold assets and amortized at the
Property and equipment is stated at cost excluding rate of 10% on straight line basis or lease period.
the costs of day–to–day servicing, less accumulated
3.7.7 Changes in Estimates
depreciation and accumulated impairment in value.
Such cost includes the cost of replacing part of The asset’s methods of depreciation are reviewed,
the equipment when that cost is incurred, if the and adjusted if appropriate, at each financial year
recognition criteria are met. end.
3.7.3 Revaluation Model 3.7.8 Capital Work in Progress
The Bank has not applied the revaluation model to These are expenses of capital nature directly
the any class of freehold land and buildings or other incurred in the construction of buildings, major plant
assets. and machinery and system development, awaiting
capitalization. Capital work-in-progress would be
On revaluation of an asset, any increase in
transferred to the relevant asset when it is available
the carrying amount is recognized in ‘Other
for use, i.e. when it is in the location and condition
comprehensive income’ and accumulated in equity,
necessary for it to be capable of operating in the
under capital reserve or used to reverse a previous
manner intended by management. Capital work-
revaluation decrease relating to the same asset,
in-progress is stated at cost less any accumulated
which was charged to the Statement of Profit or Loss.
impairment losses.
In this circumstance, the increase is recognized as
income to the extent of previous write down. Any 3.7.9 Borrowing Costs
decrease in the carrying amount is recognized as an
Borrowing costs directly attributable to the
expense in the Statement of Profit or Loss or debited
acquisition, construction or production of an asset
to the Other Comprehensive income to the extent of
that necessarily takes a substantial period of time to
any credit balance existing in the capital reserve in
get ready for its intended use or sale are capitalized
respect of that asset.
as part of the cost of an asset. All other borrowing
The decrease recognized in other comprehensive costs are expensed in the period in which they
income reduces the amount accumulated in equity occur. Borrowing costs consist of interest and other
under capital reserves. Any balance remaining costs that the Bank incurs in connection with the
in the revaluation reserve in respect of an asset borrowing of funds.
is transferred directly to retained earnings on
3.7.10 De-recognition
retirement or disposal of the asset.
The carrying amount of an item of property, plant
3.7.4 Subsequent Cost
and equipment is derecognized on disposal or when
The subsequent cost of replacing a component of an no future economic benefits are expected from its
item of property, plant and equipment is recognized use. The gain or loss arising from de-recognition
in the carrying amount of the item, if it is probable of an item of property, plant and equipment is
that the future economic benefits embodied within included in the Statement of Profit or Loss when
that part will flow to the Bank and it can be reliably the item is derecognized. When replacement costs
measured. The cost of day to day servicing of are recognized in the carrying amount of an item
property, plant and equipment are charged to the of property, plant and equipment, the remaining
Statement of Profit or Loss as incurred. carrying amount of the replaced part is derecognized.
Major inspection costs are capitalized. At each such
3.7.5 Depreciation
capitalization, the remaining carrying amount of the
Fixed assets are depreciated on Straight Line previous cost of inspections is derecognized.
Method, at the rates determined on the basis of
useful life of assets. Depreciation rates applicable to 3.8 Goodwill and Intangible Assets
assets of the bank are as follows. 3.8.1 Recognition
S.N. Particulars Rates An intangible asset is an identifiable non-monetary

asset without physical substance, held for use in
1 Buildings 2.50%
the production or supply of goods or services, or
2 Furniture & fixtures 20% for administrative purposes. An intangible asset is
3 Office Equipment 20% recognized if it is probable that the future economic
4 Vehicles 20% benefits that are attributable to the asset will flow to
the entity and the cost of the asset can be measured
5 Computers 20% reliably. An intangible asset is initially measured at
Rate of Depreciation per annum (%) cost. Expenditure incurred on an intangible item that
was initially recognized as an expense by the Bank
Depreciation on newly acquired fixed assets is in previous annual Financial Statements or interim
charged from the month of booking or when the Financial Statements are not recognized as part of
40
the cost of an intangible asset at a later date. Hence, Investment Properties represent Non-
Financial Assets acquired by the Bank in settlement of
3.8.2 Computer Software & Licenses
the overdue loans. The assets are initially recognized
Cost of purchased licenses and all computer software at fair value when acquired. The Bank’s policy is
costs incurred, licensed for use by the Bank, which to determine whether the asset is best used for its
are not integrally related to associated hardware, internal operations or should be sold. The proceeds
which can be clearly identified, reliably measured, are used to reduce or repay the outstanding claim.
and it’s probable that they will lead to future economic The iMovable property acquired by foreclosure of
benefits, are included in the Statement of Financial collateral from defaulting customers, or which has
Position under the category ‘Intangible assets’ and devolved on the Bank as part settlement of debt,
carried at cost less accumulated amortization and has not been occupied for business use. Hence,
any accumulated impairment losses. investment property is measured at fair value.
3.8.3 Subsequent Expenditure After initial measurement, investment properties are
subsequently measured at fair value. Unrealized
Expenditure incurred on software is capitalized only
gains and losses are recognized directly under
when it is probable that this expenditure will enable
“Fair value gain/loss on investment properties” in
the asset to generate future economic benefits
“other operating income”. When the investment
in excess of its originally assessed standard of
properties are disposed off, the gains or losses are
performance and this expenditure can be measured
recognized in the Statement of Profit or Loss under
and attributed to the asset reliably. All other
‘Other operating income” in “Gain/loss on sale of
expenditures are charged to the Statement of Profit
investment property”. The fair value measurement
or Loss as incurred.
of level I is applied for subsequent measurement of
Goodwill is measured at cost less accumulated Investment Property.
impairment losses. Bank doesn’t have any goodwill
in its books of accounts. 3.10 Income Tax
3.8.4 Amortization of Intangible Assets As per Nepal Accounting Standard- NAS 12 (Income
Taxes) tax expense is the aggregate amount included
Intangible Assets, except for goodwill, are amortized in determination of profit or loss for the period in
on a straight–line basis in the Statement of Profit or respect of current and deferred taxation. Income
Loss from the date when the asset is available for Tax expense is recognized in the statement of Profit
use, over the best of its useful economic life based or Loss, except to the extent it relates to items
on a pattern in which the asset’s economic benefits recognized directly in equity or other comprehensive
are consumed by the bank. Amortization methods, income in which case it is recognized in equity or
useful lives, residual values are reviewed at each in other comprehensive income. The Management
financial year end and adjusted if appropriate. The periodically evaluates positions taken in tax returns
Bank assumes that there is no residual value for its with respect to situations in which applicable tax
intangible assets. regulation is subject to interpretation. It establishes
License fees for the software paid by the Bank are provisions where appropriate on the basis of
amortized over the period of the license. Profit or amounts expected to be paid to tax authorities.
loss on disposal of fixed assets is recognized in the 3.10.1 Current Tax
profit and loss of the year.
Current tax assets and liabilities consist of amounts
3.8.5 De-recognition of Intangible Assets expected to be recovered from or paid to Inland
The carrying amount of an item of intangible asset Revenue Department in respect of the current
is derecognized on disposal or when no future year, using the tax rates and tax laws enacted or
economic benefits are expected from its use. The substantively enacted on the reporting date and any
gain or loss arising on de recognition of an item of adjustment to tax payable in respect of prior years.
intangible assets is included in the Statement of 3.10.2 Deferred Tax
Profit or Loss when the item is derecognized.
Deferred tax is provided on temporary differences
3.9 Investment Property at the reporting date between the tax bases of
assets and liabilities and their carrying amounts for
Investment property is property (land or a building or
financial reporting purposes. Deferred tax liabilities
part of a building or both) held (by the owner or by
are recognized for all taxable temporary differences
the lessee under a finance lease) to earn rentals or
except:
for capital appreciation or both but not for sale in the
ordinary course of business. • Where the deferred tax liability arises from the
initial recognition of goodwill or of an asset or
Land or land and building other than those classified
liability in a transaction that is not a business
as property and equipment; and non-current assets
combination, and at the time of transaction,
held for sale under relevant accounting standard has
affects neither the accounting profit nor taxable
been presented under this account head. This shall
profit or loss.
include land, land and building acquired as non-
banking assets by the Bank but not sold. • In respect of taxable temporary differences
associated with investments in subsidiaries,
where the timing of the reversal of the temporary
differences can be controlled and is probable
that the temporary differences will not reverse
in the foreseeable future.
41
Deferred tax assets are recognized for all deductible using the cash flows estimated to settle the present
temporary differences, carried forward unused obligation, its carrying amount is determined based
tax credits and unused tax losses (if any), to the on the present value of those cash flows.
extent that it is probable that the taxable profit will
A provision for onerous contracts is recognized
be available against which the deductible temporary
when the expected benefits to be derived by the
differences, carried forward unused tax credits and
Bank from a contract are lower than the unavoidable
unused tax losses can be utilized except:
cost of meeting its obligations under the contract.
• Where the deferred tax asset relating to the The provision is measured as the present value of
deductible temporary differences arising from the lower of the expected cost of terminating the
the initial recognition of an asset or liability in a contract and the expected net cost of continuing with
transaction that is not a business combination, the contract. Provisions are not recognized for future
and at the time of transaction, affects neither operating losses.
the accounting profit nor taxable profit or loss.
Before a provision is established, the Bank
• In respect of deductible temporary differences recognizes any impairment loss on the assets
associated with investments in Subsidiaries, associated with that contract. The expense relating
deferred tax assets are recognized only to the to any provision is presented in the Statement of
extent that it is probable that the temporary Profit or Loss net of any reimbursement.
differences will reverse in the foreseeable future
and taxable profit will be available against which 3.13 Revenue Recognition
the temporary difference will be utilized. As per NAS 18 para 20 Revenue is recognized to the
The carrying amount of deferred tax assets is extent that it is probable that the economic benefits
reviewed at each reporting date and reduced to the will flow to Bank and the revenue can be reliably
extent that it is probable that sufficient profit will be measured. The following specific recognition criteria
available to allow the deferred tax asset to be utilized. must also be met before revenue is recognized.
Unrecognized deferred tax assets are reassessed at 3.13.1 Interest Income
each reporting date and are recognized to the extent
that it has become probable that future taxable profit For all financial assets measured at amortized
will allow the deferred tax asset to be recovered. cost, interest bearing financial assets classified as
available-for-sale and financial assets designated at
Deferred tax assets and liabilities are measured at fair value through profit or loss, EIR is the rate that
the tax rates that are expected to apply in the year exactly discounts estimated future cash payments
when the asset is realized or the liability is settled, or receipts through the expected life of the financial
based on tax rates (and tax laws) that have been instrument or a shorter period, where appropriate,
enacted or substantively enacted at the reporting to the net carrying amount of the financial asset or
date. financial liability.
Current and deferred tax assets and liabilities are The calculation takes into account all contractual
offset only to the extent that they relate to income terms of the financial instrument (for example,
taxes imposed by the same taxation authority. prepayment options) and includes any fees or
incremental costs that are directly attributable to the
3.11 Deposits, debt securities issued and
instrument and are an integral part of the EIR, but
subordinated liabilities not future credit losses. The carrying amount of the
Deposits, debt securities issued and subordinated financial asset or financial liability is adjusted if the
liabilities are the Bank’s sources of funding. Deposits bank revises its estimates of payments or receipts.
include non-interest bearing deposits, saving The adjusted carrying amount is calculated based on
deposits, term deposits, call deposits and margin the original EIR and the change in carrying amount is
deposits. The estimated fair value of deposits with recorded as ’Interest income’ for financial assets and
no stated maturity period is the amount repayable ’Interest and similar expense’ for financial liabilities.
on demand. The fair value of fixed interest bearing However, for a reclassified financial asset for which
deposits is considered as the interest receivable the bank subsequently increases its estimates
on these deposits plus carrying amount of these of future cash receipts as a result of increased
deposits. The fair value of debt securities issued recoverability of those cash receipts, the effect of
is also considered as the carrying amount of these that increase is recognized as an adjustment to the
debt securities issued. Subordinated liabilities are EIR from the date of the change in estimate.
liabilities subordinated, at the event of winding up, to When the outcome of the transaction involving the
the claims of depositors, debt securities issued and rendering of services cannot be estimated reliably,
other creditors. revenue shall be recognized only to the extent of
3.12 Provisions the expenses recognized that are recoverable.
Similarly, once the recorded value of a financial
A provision is recognized if, as a result of a past event, asset or a group of similar financial assets has been
the Bank has a present legal or constructive obligation reduced due to payment delinquency for more than
that can be estimated reliably, and it is probable that 365 days, interest income shall be discontinues to
an outflow of economic benefits will be required to be recognized. Similarly, the interest recognition
settle the obligation. The amount recognized is the is suspended as per “Guideline on Recognition of
best estimate of the consideration required to settle Interest Income 2019” issued by Nepal Rastra Bank.
the present obligation at the reporting date, taking in
to account the risks and uncertainties surrounding the The bank has opted to apply carve-out and
obligation at that date. Where a provision is measured recognize interest income on accrual basis applying
the coupon rate, which is variable rate of interest.
42
3.13.2 Fee and Commission Income i. Wages, salaries and social security
contributions;
Fees earned for the provision of services over a
period of time are accrued over that period. These ii. Paid annual leave and paid sick leaves;
fees include Service fees and commission income.
iii. Profit sharing and bonuses;
Loan syndication fees are recognized as revenue
when the syndication has been completed and the iv. Non-monetary benefits (such as
Bank retained no part of the loan package for itself, medical care, housing, cars) for current
or retained a part at the same effective interest rate employees
as for the other participants. Portfolio and other
Short term employee benefits are measured on an
management advisory fees and service distribution
undiscounted basis and are expenses as the related
fees are recognized based on the applicable
service is provided. A liability is recognized for the
contracts, usually on a time apportionment basis.
amount expected to be paid under short term cash
Commission from Guarantee and LC is recognized
bonus or profit sharing plans if the Bank has present
on yearly basis.
legal or constructive obligation to pay this amount
3.13.3 Dividend Income as a result of past service provided by the employee
and the obligation can be estimated reliably.
Dividend income is on equity instruments are
recognized in the statement of profit and loss within 3.15.2 Post-Employment Benefits
other operating income when the Bank’s right to
Post-employment benefits are employee benefits
receive payment is established.
(other than termination benefits and short-term
3.13.4 Net Trading Income employee benefits) that are payable after the
completion of employment such as the following:
Net trading income comprises gains less losses
relating to trading assets and liabilities, and includes i. Retirement benefits (eg: gratuity, lump sum
all realized interest, dividend and foreign exchange payments on retirement); and
differences as well as unrealized changes in fair
ii. Other post-employment benefits such as
value of trading assets and liabilities.
post-employment life insurance
3.13.5 Net Income from other financial instrument
Defined Contribution Plan
at fair value through Profit or Loss
A defined contribution plan is a post-employment
Trading assets such as equity shares and mutual
benefit plan under which a Bank pays fixed
fund are recognized at fair value through profit or
contribution into a separate Bank Account (a fund)
loss. No other financial instruments are designated
and will have no legal or constructive obligation
at fair value through profit or loss.
to pay further contributions if the fund does not
Currently, the bank has no income under the heading hold sufficient assets to pay all employee benefits
net income from other financial instrument at fair relating to employee services in the current and prior
value through profit or loss. periods, as defined in Nepal Accounting Standards –
NAS 19 (Employee Benefits).
3.14 Interest Expense
The contribution payable by the employer to a
For financial liabilities measured at amortized cost defined contribution plan in proportion to the services
using the rate that closely approximates effective rendered to Bank by the employees and is recorded
interest rate, interest expense is recorded using as an expense under ‘Personnel expense’ as and
such rate. EIR is the rate that exactly discounts when they become due. Unpaid contributions are
estimated future cash payments or receipts through recorded as a liability under ‘4.23 Other Liabilities’.
the expected life of the financial instrument or a
shorter period, where appropriate, to the net carrying Bank contributed 10% on the basic salary of each
amount of the financial asset or financial liability. employee to the Employees’ Provident Fund. The
above expenses are identified as contributions to
3.15 Employee Benefits ‘Defined Contribution Plans’ as defined in Nepal
Employee Benefits are all forms of consideration Accounting Standards – NAS 19 (Employee Benefits).
given by an entity in exchange for service rendered Defined Benefit Plan
by employees or for the termination of employment.
A defined benefit plan is a post-employment
Employee benefits include: benefit plan other than a defined contribution plan.
i. Short term employee benefits Accordingly, staff gratuity has been considered
as defined benefit plans as per Nepal Accounting
ii. Post employee benefits Standards – NAS 19 (Employee Benefits).
iii. Other long term employee benefits i) Gratuity
iv. Termination benefits In compliance with Labor Act, 2017, provision is
3.15.1 Short Term Employee Benefits made in the account year of service, for gratuity
payable to employees who joined bank on a
Short-term employee benefits such as the following, permanent basis before 3rd September 2017.
if expected to be settled wholly before twelve months Similarly, the employees who joined the bank
after the end of the annual reporting period in which after 3rd September 2017, the contributory plan
the employees render the related services: is made. An actuarial valuation is carried out
every year to ascertain the full liability under
gratuity obligation.
43
Bank’s obligation in respect of defined benefit i. An entity’s decision to terminate an employee’s
obligation is calculated by estimating the amount employment before the normal retirement date or
of future benefit that employees have earned for
ii. An employee’s decision to accept an offer of
their service in the current and prior periods and
benefits in exchange for the termination of
discounting that benefit to determine its present
employment
value, then deducting the fair value of any plan
assets to determine the net amount to be shown 3.16 Leases
in the Statement of Financial Position. The value
of a defined benefit asset is restricted to the The determination of whether an arrangement is a
present value of any economic benefits available lease or it contains a lease, is based on the substance
in the form of refunds from the plan or reduction of the arrangement and requires an assessment
on the future contributions to the plan. In order of whether the fulfillment of the arrangement is
to calculate the present value of economic dependent on the use of a specific asset or assets
benefits, consideration is given to any minimum and the arrangement conveys a right to use the asset.
funding requirement that apply to any plan in When Bank is a lessee under Operating leases, the
Bank. An economic benefit is available to Bank Bank recognizes right-of-use assets (ROU) for the
if it is realizable during the life of the plan, or on leased assets and included in ‘Property, plant and
settlement of the plan liabilities. equipment’ and the corresponding lease liability to the
Bank determines the interest expense on the lesser is included in ‘Other liabilities’.
defined benefit liability by applying the discount 3.16.1 Right-of-use assets (ROU)
rate used to measure the defined benefit liability
at the beginning of the annual period to the The ROU asset is initially measured at cost at the
defined benefit liability at the beginning of the amount of the lease liability plus any initial direct
annual period. The discount rate is the yield at costs incurred by the bank and depreciated using the
the reporting date on government bonds that straight line methods from the coMencement date to
have maturity dates approximating to the terms the earlier of the end of the useful life of the right of use
of Bank’s obligations. asset or the end of the lease term. Subsequently the
bank measures the right of use (ROU) assets applying
The increase in gratuity liabilities attributable to cost model where the bank shall measure right of use
the services provided by employees during the assets at cost less any accumulated depreciation and
year ended 16th July, 2019 (current service cost) any accumulated impairments losses; and adjusted
has been recognized in the Statement of Profit re-measurement of lease liability.
or Loss under ‘Personnel Expenses’ together
with the net interest expense. Bank recognizes 3.16.2 Lease Liability
the total actuarial gain and loss that arises in When Bank is a lessee under Operating leases at
calculating Bank’s obligation in respect of gratuity the coMencement date of lease, the bank recognizes
in other comprehensive income during the period lease liabilities measured at the present value of the
in which it occurs. lease payments that are not paid at the date. The
ii) Unutilized Accumulated Leave lease payments are discounted using the lessee’s
incremental borrowing rate. Subsequently, the bank
Bank’s liability towards the accumulated leave measures the lease liability by increasing the carrying
which is expected to be utilized beyond one year amount to reflect interest on lease liability, reducing
from the end of the reporting period is treated the carrying amount to reflect the lease payments
as other long term employee benefits. Bank’s made and re-measuring the carrying amount to reflect
net obligation towards unutilized accumulated any reassessment or lease modifications or revised in
leave is calculated by discounting the amount substance fixed lease payments.
of future benefit that employees have earned in
return for their service in the current and prior Interest on lease liability are recognized in ‘Interest
periods to determine the present value of such expenses’ over the period of the lease based on
benefits. The discount rate is the yield at the the interest rate implicit in the lease so as to give a
reporting date on government bonds that have constant rate of interest on the remaining balance of
maturity dates approximating to the terms of the liability.
Bank’s obligation. The calculation is performed 3.16.3 Short term lease and leases of low value
using the Projected Unit Credit Actuarial Method. assets
Net change in liability for unutilized accumulated
leave including any actuarial gain and loss are The bank has elected not to recognize ROU assets
recognized in the Statement of Profit or Loss and lease liabilities for leases of low value assets and
under ‘Personnel Expenses’ in the period in short term leases for which the lease term ends with
which they arise. 12 months of the date of initital application.
3.15.3 Other Long Term Employee Benefits 3.17 Foreign Currency Translation, Transactions
and Balances
Other long term employee benefits are all employee
benefits other than short-term employee benefits, All foreign currency transactions are translated into
post-employment benefits and termination benefits. the functional currency, which is Nepalese Rupees,
using the exchange rates prevailing at the dates
3.15.4 Termination Benefits
when the transactions were affected.
Termination benefits are employee benefits provided
Monetary assets and liabilities denominated in foreign
in exchange for the termination of an employee’s
currencies at the reporting date are translated to
employment as a result of either:
Nepalese Rupees using the spot foreign exchange rate
44
ruling at that date and all differences arising on non- • whose operating results are regularly reviewed
trading activities are taken to ‘Other Operating Income’ by the entity’s chief operating decision maker to
in the Statement of Profit or Loss. The foreign currency make decisions about resources to be allocated
gains or loss on monetary items is the difference to the segment and assess its performance, and
between amortized cost in the functional currency at the
• for which discrete financial information is
beginning of the period, adjusted for effective interest
available.
and payments during the period, and the amortized cost
in foreign currency translated at the rates of exchange The bank has identified the key segments of business
prevailing at the end of the reporting period. on the basis of nature of operations that assists the
Executive Committee of the bank in decision making
Non-monetary items in a foreign currency that are
process and to allocate the resources. It will help
measured in terms of historical cost are translated
the management to assess the performance of the
using the exchange rates as at the dates of the initial
business segments.
transactions. Non-monetary items in foreign currency
measured at fair value are translated using the exchange Currently, the bank has categorized its segment as:
rates at the date when the fair value was determined.
i. Banking Operation
Foreign exchange differences arising on the
ii. Treasury
settlement or reporting of monetary items at rates
different from those which were initially recorded are iii. Card
dealt with in the Statement of Profit or Loss.
iv. Others
3.18 Financial guarantee and loan Commitment
3.22 Impairment of Non-Financial Assets
A financial guarantee contract is a contract that
requires the issuer to make specified payments to The Bank assesses at each reporting date whether
reimburse the holder for a loss it incurs because a there is an indication that an asset may be impaired.
specified debtor fails to make payment when due. If any indication exists, or when annual impairment
Financial guarantee contracts may have various testing for an asset is required, the Bank estimates the
legal forms, such as a guarantee, some types of asset’s recoverable amount. An asset’s recoverable
letter of credit, etc. where the bank has confirmed amount is the higher of an asset’s or the fair value of
its intention to provide funds to a customer or on the Cash Generating Units (CGU) fair value less costs
behalf of a customer in the form of loans, overdrafts to sell and its value in use. Where the carrying amount
etc. whether cancellable or not and the bank had of an asset or CGU exceeds its recoverable amount,
not made payments at the reporting date, those the asset is considered impaired and is written down
instruments are included in these financial statements to its recoverable amount.
as Commitments. In assessing value in use, the estimated future cash
flows are discounted to their present value using a
3.19 Share Capital and Reserves
pre–tax discount rate that reflects current market
Share capital and reserves are different classes of assessments of the time value of money and the risks
equity claims. Equity claims are claims on the residual specific to the asset. In determining fair value less
interest in the assets of the entity after deducting all costs to sell, appropriate valuation model is used.
its liabilities. Changes in equity during the reporting
period comprise income and expenses recognized 3.23 Dividend on Ordinary Shares
in the statement of financial performance; plus Dividend on ordinary shares are recognized as a liability
contributions from holders of equity claims, minus and deducted from equity when they are approved by
distributions to holders of equity claims. the Bank’s shareholders. Dividend for the year that
is approved after the reporting date is disclosed as
3.20 Earnings per Share
an event after the reporting date. Interim Dividend is
Bank presents basic and diluted Earnings per Share deducted from equity when they are declared and is no
(EPS) data for its ordinary shares. Basic EPS is longer at the discretion of the Bank.
calculated by dividing the profit and loss attributable
to ordinary equity holders of Bank by the weighted 3.24 Cash Flow Statement
average number of ordinary shares outstanding As per NAS 7, the cash flow statement has been
during the period. prepared using ‘The Direct Method’, whereby gross
Diluted EPS is determined by adjusting both the profit cash receipts and gross cash payments of operating
and loss attributable to the ordinary equity holders activities, finance activities and investing activities
and the weighted average number of ordinary shares have been recognized.
outstanding, for the effects of all dilutive potential 3.25 Comparative Information
ordinary shares, if any.
The Financial Statement of the Bank provides
Earnings per share is calculated and presented in comparative information in respect of previous
Statement of Profit or Loss. periods. The accounting policies have been
3.21 Segment Reporting consistently applied by the Bank with those of the
previous financial year in accordance with NAS 1
An operating segment is a component of an entity: Presentation of Financial Statements. Furthermore,
comparative information is reclassified and restated
• that engages in business activities from which it
wherever necessary to comply with the current
may earn revenues and incur expenses (including
presentation.
revenues and expenses relating to transactions
with other components of the same entity),
45
Cash in Hand 4,152,938,425 3,779,068,089

Balances with BFIs 6,558,731,612 984,525,487
Money at Call and Short Notice - 1,000,027,397
Other - -
Placement less than 3 months 909,241,829 2,101,350,045
Total 11,620,911,866 7,864,971,018
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.
Statutory Balances with NRB 4,630,395,839 4,296,368,180

Securities purchased under Resale Agreement - -
Other Deposit and Receivable from NRB 4,229,936,595 6,201,618,632
Total 8,860,332,435 10,497,986,812
Minimum Statutory balances as prescribed by NRB which is 3% of minimum CRR balance to be maintained with NRB
is included in Statutory 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.
Placement with Domestic BFIs 16,127,105 2,950,237,620

Placement with Foreign BFIs 128,774,053 1,816,646,228
Less: Allowances for Impairment - -
Total 144,901,159 4,766,883,849
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.
Held for Trading

Interest Rate Swap - -
Currency Swap - -
Forward Exchange Contracts - -
Others - -
Held for Risk Management
Currency Swap - -
Forward Exchange Contracts. - -
Others - -
Total - -
46
Treasury Bills - -
Government Bonds - -
NRB Bonds - -
Domestic Corporate Bonds - -
Equities - -
Total - -
Loans to Micro-Finance Institutions 6,760,649,038 6,178,079,925

Other - -
Less: Allowances for Impairment 87,888,437 80,314,421
Total 6,672,760,600 6,097,765,504
Balance at Shrawan 01 80,314,421 41,445,244

Impairment Losss for the year: - -
Charge for the year 23,415,910 39,933,161
Recoveries/Reversal 15,841,893 1,063,984
Amount Written Off - -
Balance at Ashadh End 87,888,437 80,314,421
Loan and advances provided to microfinance financial institution are presented under this head.
Loans and Advances measured at Amortized Cost 151,444,986,843 138,542,606,692

Less: Impairment Allowances - -
Collective Impairment 1,763,106,503 1,626,267,843
Individual Impairment 2,627,978,767 1,532,555,041
Net Amount 147,053,901,572 135,383,783,808
Loans and Advances measured at FVTPL - -
Total 147,053,901,572 135,383,783,808
Loans and advances are assessed individually and collectively as per incured loss model which is compared with the
loss provision prescribed by NRB directive no. 2. Higher of the loss as per incurred loss model and NRB directive is
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
is presented under this head. Total provision under Pass Loan as per NRB Directive No. 2 is categorized as Collective
Impariment and remaining are categorized as Individual Impairment.
47
Product
Term Loans 40,509,112,787 38,650,766,886
Overdraft 43,005,655,885 37,525,729,886
Trust Receipt/Import Loans 325,548,242 2,313,143,324
Demand and other Working Capital Loans 17,379,563,898 17,594,392,360
Personal Residential Loans 8,077,206,962 7,265,473,866
Real Estate Loans 13,325,539,086 12,130,262,004
Margin Lending Loans 3,466,905,646 4,276,877,412
Hire Purchase Loans 6,833,878,646 6,928,660,067
Deprived Sector Loans 3,654,304,705 1,344,393,715
Bills Purchased 514,251,745 325,884,859
Staffs Loans 944,580,945 669,175,071
Other 11,067,204,568 8,397,068,821
Sub-Total 149,103,753,115 137,421,828,272
Interest Receivable 2,341,233,728 1,120,778,420
Grand Total 151,444,986,843 138,542,606,692
Nepalese Rupee 151,365,107,009 137,352,016,738

Indian Rupee - -
United States Dollar 79,879,834 1,190,589,954
Great Britain Pound - -
Euro - -
Japanese Yen - -
Chinese Yuan - -
Other - -
Grand Total 151,444,986,843 138,542,606,692
Secured
Moveable/Immoveable Assets 132,294,785,814 121,727,707,070
Gold and Silver 6,954,496,465 4,970,912,330
Guarantee of Domestic BFIs - -
Government Guarantee 155,323,335 153,815,773
Guarantee of International Rated Bank - -
Collateral of Export Document - -
Collateral of Fixed Deposit Receipt 1,418,310,192 714,500,300
Collateral of Government Securities - -
Counter Guarantee - -
Personal Guarantee 175,951,885 96,530,959
Other Collateral 8,104,885,423 9,758,361,840
Subtotal 149,103,753,115 137,421,828,272
Unsecured(AIR) 2,341,233,728 1,120,778,420
Grand Total 151,444,986,843 138,542,606,692
Gross Loans and Advances to customers excluding Impairment and Receivable has been considered for 4.7.3 analysis.
48
Specific Allowance for Impairment

Balance at Shrawan 01 1,532,000,867 1,429,781,679
Impairment Loss for the year - -
Charge for the year 1,218,194,705 360,806,130
Recoveries/Reversals during the year 122,216,805 258,586,941
Write-Offs - -
Exchange Rate Variance on Foreign Currency - -
Other Movement - -
Balance at Ashadh End 2,627,978,767 1,532,000,867
Collective Allowances for Impairment - -
Balance at Sharawan 01 1,626,822,017 998,614,257
Impairment Loss for the year - -
Charge/(Reversal) for the year 136,284,486 628,207,760
Exchange Rate Variance on Foreign Currency - -
Other Movement - -
Balance at Ashadh End 1,763,106,503 1,626,822,017
Total Allowances for Impairment 4,391,085,270 3,158,822,884
Investment Securities measured at Amortized Cost 30,753,161,506 22,798,775,583

Investment in Equity measured at FVTOCI 649,683,077 628,078,738
Total 31,402,844,583 23,426,854,321
4.8.1: Investment Securities measured at Amortized Cost
Debt Securities
Government Bonds 24,177,538,225 19,284,383,961
Government Treasury Bills 2,192,634,757 1,651,697,368
Nepal Rastra Bank Bonds - -
Nepal Rastra Bank Deposit Instruments - -
Other 4,382,988,524 1,246,578,000
Government Bond Foreign - 616,116,253
Less: Specific Allowances for Impairment - -
Total 30,753,161,506 22,798,775,583
Equity Instruments
Quoted Equity Securities 582,514,283 593,850,398
Unquoted Equity Securities 67,168,795 34,228,340
Total 649,683,077 628,078,738
49
Current Year Previous Year
Particulars
1. Investment in Quoted Equity

1.1 Chilime Hydro power Company Limited 33,511,687 23,779,464 33,511,687 37,246,392
58,283 Public shares of Rs. 100 each fully paid
1.2 Civil Laghubitta Bittiya Sanstha Limited 500 6,192 500 11,900
8 Public shares of Rs. 100 each fully paid
1.3 Deprosc Laghubitta Bittiya Sanstha Limited - 385 - 690
0.41 fraction share Rs. 100 each fully paid
1.4 Global IME Laghubitta Bittiya Sanstha Limited 1,055 25,980 1,055 36,595
20 Public shares of bonus received
1.5 Jalpa Laghubitta Bittiyta Sanstha Limited 7,000,000 22,456,882 7,000,000 6,580,000
65,800 Promoter shares of Rs. 100 each fully paid
1.6 Kisan Laghubitta Bittiya Sanstha Limited 11,770,000 23,053,899 11,770,000 17,254,820
117,700 Promoter share Rs. 100 each fully paid
1.7 National Microfinance Laghubitta Bittiya Sanstha Ltd. 14,000,000 38,450,453 14,000,000 29,611,094
177,395.40 Promoter shares of Rs. 100 each fully paid
1.8 National Microfinance Laghubitta Bittiya Sanstha Ltd. - 3,870 - 7,206
1.9 NECO Insurance Company Ltd. - 1,388 - -
2 Ordinary shares bonus received
1.10 Nepal Life Insurance Company Ltd. 1,022 2,241 1,022 1,919
3 Public shares bonus received
1.11 Nerude Lagubitta Bittiya Sanstha Ltd. 10,861,843 231,876,805 12,457,203 149,329,800
1.12 Ngadi Group Power Limited - 297 - -
1 Public shares bonus received
1.13 Nirdhan Uthan Laghubitta Bittiya Sanstha Limited - 36,267 - 8,000
33 Ordinary shares bonus received
1.14 NLG Insurance Company Ltd. 2,705 1,912 2,705 4,880
1.15 Prime Life Insurance Company Limited - - - 22,896
24 Ordinary shares of Rs. 100 each fully paid
1.16 Ridi Hydropower Development Company Limited - - 564 9,216
1.17 RMDC Laghubitta Bittiya Sanstha Limited - 1,676 - 410,527
1.18 Sana Kisan Laghubitta Bittiya Sanstha Limited - - - 190,240
1.19 Siddhartha Insurance Limited - 1,631 - 29,624
3 ordinary share of Rs. 100 each fully paid
1.20 Soaltee Hotel Ltd. 1,799,610 1,696,748 2,121,780 2,588,298
8,379 ordinary shares of Rs. 10 each fully paid
1.21 Surya Life Insurance Company Limited 1,854,508 8,993,509 2,181,745 6,940,175
1.22 Surya Life Insurance Company Limited 690,847 3,485,385 363,610 3,877,932
9,006.16 Public shares of Rs. 100 each fully paid
1.23 Suryoadaya Womi Laghubitta Bittiya Sanstha Limited - 783 - 1,620
Total 81,493,777 353,875,766 83,411,871 254,163,823
50
Particulars
Cost Fair Value Cost Fair Value
2. Investment in Unquoted Equity
2.1 Annapurna Developers 2,000,000 2,000,000 2,000,000 2,000,000
2.2 Banking Finance & Insurance Institution 3,000,000 3,949,770 3,000,000 3,300,000
2.3 Karja Suchana Kendra 94,500 1,181,300 94,500 1,181,300
2.4 Nepal Clearing House Ltd. 4,089,300 34,561,738 4,089,300 11,214,240
2.5 Nepal Electronic Payment System Limited 15,000,000 22,429,500 15,000,000 15,000,000
2.6 Prabhu Capital Limited 1,500,000 3,046,487 1,500,000 1,532,800
Total 25,683,800 67,168,795 25,683,800 34,228,340
3. Investment in Mutual Funds
3.1 Citizen Mutual Fund-1 12,503,090 11,002,640 12,503,090 15,728,774
1,250,300 units of Rs. 10 each fully paid
3.2 Laxmi Equity Fund 58,460,297 57,876,261 58,460,297 80,676,001
3.3 MEGA Mutual Fund-1 4,363,300 3,486,277 - -
436,330 units of Rs. 10 each fully paid
3.4 Nabil Balance Fund-2 2,500,000 2,695,000 2,500,000 3,525,000
3.5 Nabil Balance Fund 3 166,700 157,198 - -
3.6 NABIL Equity Fund 22,642,720 22,642,720 22,642,720 33,058,371
3.7 NIBL Pragati Fund 20,587,398 20,631,821 20,587,398 30,577,100
3.8 NIBL Samriddhi Fund 1 - - 27,882,036 40,039,342
3.9 NIC Asia Balance Fund 2,500,000 2,677,500 2,500,000 3,432,500
3.10 NIC Asia Dynamic Debt Fund 6,648,300 7,120,329 6,648,300 7,485,986
3.11 NIC Asia Growth Fund 2,500,000 2,787,500 2,500,000 3,750,000
3.12 NMB 50 2,500,000 3,225,000 2,500,000 3,737,500
3.13 NMB Hybrid Fund-1 25,413,078 33,341,594 25,413,078 34,688,472
3.14 Sanima Equity Fund 29,000,000 36,975,000 29,000,000 48,691,000
3.15 Siddhartha Equity Fund 19,356,940 19,124,676 19,356,940 27,196,529
3.16 Siddhartha Investment Growth Scheme-2 5,000,000 4,895,000 5,000,000 7,100,000
Total 214,141,824 228,638,517 237,493,860 339,686,575
51
4.9 Current Tax Assets
Current Tax Assets

Current year Income Tax Assets 1,881,160,145 1,731,477,449
Tax Assets of Prior Periods 19,205,132 59,188,337
Current Tax Liabilities
Current year Income Tax Liabilities 1,241,113,116 1,443,418,808
Tax Liabilities of Prior Periods 19,205,132 59,188,337
Total 640,047,029 288,058,641
Investment in Quoted Subsidiaries - -

Investment in Unquoted Subsidiaries - -
Total Investment - -
Net Carrying Amount - -
4.10.1: Investment in Quoted Subsidiaries

Cost
- - - -
- - - -
Total
- - - -
- - - -
Total
- -
- -
Total
Equity Interest held by NCI (%)

Profit (Loss) allocated during the year - -
Accumulated Balances of NCI as on Ashadh End - -
Dividend Paid to NCI - -
Total - -
52
Investment in Quoted Associates 46,023,000 46,023,000

Investment in Unquoted Associates - -
Total Investment 46,023,000 46,023,000
Net Carrying Amount 46,023,000 46,023,000

Particulars
Cost Fair Value Cost Fair Value
1.1 Mero Microfinance Bittiya Sansatha Limited
37,023,000 83,999,980 37,023,000 69,999,900
1.2 Swabhimaan Laghubitta Bittiya Sanstha Limited
9,000,000 17,717,716 9,000,000 13,392,000
Total 46,023,000 101,717,696 46,023,000 83,391,900
- - - -
- - - -
Particular
3.1 Mero Microfinance Bittiya Sansatha Limited 7.00% 7.00%
3.3 Swabhimaan Microfinance Bittiya Sanstha Limited 14.55% 14.55%

Market Market
No of Share No of Share
Value Value
4.1 Mero Microfinance Bittiya Sansatha Limited 839,999.80 83,999,980 598,598.00 69,999,900
4.3 Swabhimaan Microfinance Bittiya Sanstha Limited 177,177.16 17,717,716 111,600.00 13,392,000
Total 1,017,176.96 101,717,696 710,198.00 83,391,900
Investment Properties measured at Fair Value

Balance as on Shrawan 01. 365,775,958 496,489,981
Addition/(Disposal) during the year. 169,794,172 (130,714,023)
Net Changes in fair value during the year. (5,756,830) -
Adjustment/Transfer. - -
Net Amount 529,813,300 365,775,958
Investment Properties measured at Cost - -
Balance as on Shrawan 01. - -
Addition/(Disposal) during the year - -
Adjustment/Transfer - -
Accumulated Depreciation - -
Accumulated Impairment Loss - -
Net Amount - -
Total 529,813,300 365,775,958
53
Leasehold Computer & Furniture & Equipment & Right to Use Total Ashadh Total Ashadh
Particulars Land Building Vehicles Machinery
Properties Accessories Fixtures others Assets (ROU) End 2079 End 2078
Cost
As on Shrawan 01 2077 311,296,406 202,403,178 341,313,109 166,914,621 142,920,026 185,569,795 - 367,474,764 - 1,717,891,899 1,265,539,253
Addition during the year -
Acquisition - - - - - - - - - - 344,635,989
Capitalization 38,690,000 16,010,800 25,613,464 6,008,263 26,193,015 12,022,177 - 28,948,306 - 153,486,025 123,763,798
Disposal during the year - - (6,807,581) (1,176,503) (13,602,148) (3,159,522) - (4,042,751) - (28,788,505) (16,047,141)
Adjustment/Revaluation 4,193,697 64,442,721 69,556,292 33,263,068 49,847,535 - 69,502,483 - 290,805,795 -
Balance as on Ashadh end 2078 349,986,406 222,607,675 424,561,713 241,302,673 188,773,961 244,279,985 - 461,882,801 - 2,133,395,214 1,717,891,899
Addition during the Year
Acquisition - - - - - - - - 1,065,874,008 1,065,874,008 -
Capitalization 62,663,716 8,260,958 26,353,065 13,380,203 25,104,000 7,910,508 - 39,872,769 - 183,545,219 153,486,025
Disposal during the year - - (14,401,538) (2,259,892) (13,987,302) (4,302,872) - (9,880,298) (6,556,759) (51,388,662) (28,788,505)
Adjustment/Revaluation - - - - - - - - - - 290,805,795
Balance as on Ashadh end 2079 412,650,122 230,868,632 436,513,240 252,422,985 199,890,659 247,887,621 - 491,875,272 1,059,317,248 3,331,425,779 2,133,395,214
Depreciation and Impairment
As on Shrawan 01 2077 - 14,867,140 161,961,415 86,460,835 62,876,505 99,785,051 - 215,726,171 - 641,677,116 521,562,627
54
Depreciation charge for the year - 4,878,265 28,829,181 26,040,826 28,926,574 29,941,518 - 54,240,525 - 172,856,889 132,528,473
Impairment for the year - - - - - - - - - - -

Disposals - - (4,115,015) (675,749) (11,396,097) (1,814,240) - (2,989,146) - (20,990,246) (13,539,337)
Adjustments - 4,152,983 64,100,630 72,016,996 32,987,479 51,130,439 - 67,377,977 - 291,766,505 1,125,353
As on Ashadh end 2078 - 23,898,388 250,776,211 183,842,908 113,394,461 179,042,768 - 334,355,527 - 1,085,310,264 641,677,116
Impairment for the year - - - - - - - - - - -
Depreciation charge for the year - 5,580,459 28,500,269 25,724,949 29,687,982 27,458,541 - 53,959,520 147,093,575 318,005,295 172,856,889
Disposals - - (13,356,763) (1,922,198) (13,011,321) (3,328,895) - (7,406,380) (6,556,759) (45,582,317) (20,990,246)
Adjustments - - - - - - - - - - 291,766,505
As on Ashadh end 2079 - 29,478,847 265,919,716 207,645,659 130,071,122 203,172,414 - 380,908,667 140,536,816 1,357,733,242 1,085,310,264
Capital Work in Progress - - - - - - - - - -
Net Book Value 412,650,122 201,389,785 170,593,524 44,777,325 69,819,536 44,715,207 - 110,966,605 918,780,432 1,973,692,537 1,048,084,951
As on Ashadh end 2077 311,296,406 187,536,038 179,351,694 80,453,786 80,043,521 85,784,744 - 151,748,594 - 1,076,214,783
As on Ashadh end 2078 349,986,406 198,709,287 173,785,502 57,459,765 75,379,499 65,237,217 - 127,527,275 - 1,048,084,951
As on Ashadh end 2079 412,650,122 201,389,785 170,593,524 44,777,325 69,819,536 44,715,207 - 110,966,605 918,780,432 1,973,692,537
Software Total Ashadh Total Ashadh
Particulars Goodwill Other
Purchased Developed End 2079 End 2078
Cost
As on Shrawan 01, 2077 - 45,000,654 - - 45,000,654 28,802,022
Addition during the year
Acquisition - - - - - -
Capitalization - 18,417,143 - - 18,417,143 8,270,102
Disposal during the year - - - - - 7,928,530
Adjustment/Revaluation 359,745,328 9,089,698 - - 368,835,026 359,745,328
Balance as on Ashadh end 2078 359,745,328 72,507,495 - - 432,252,823 404,745,982
Addition during the Year
Acquisition - - - - - -
Capitalization - 8,796,261 - - 8,796,261 18,417,143
Disposal during the year - (290,772) - - (290,772) -
Adjustment/Revaluation - - - - - 9,089,698
Balance as on Ashadh end 2079 359,745,328 81,012,984 - - 440,758,312 432,252,823
55
Amortization and Impairment
As on Shrawan 01. 2077 - 29,005,320 - - 29,005,320 21,093,042
Amortization charge for the year - 11,524,234 - - 11,524,234 7,912,278
Impairment for the year - - - - - -
Disposals - - - - - -
Adjustment due to Acquisition - 9,203,970 - - 9,203,970 -
As on Ashadh end 2078 - 49,733,525 - - 49,733,525 29,005,320
Impairment for the year - - - - - -
Amortization charge for the year - 11,678,351 - - 11,678,351 11,524,234
Disposals - (193,393) - - (193,394) -
Adjustment - - - - - 9,203,970
As on Ashadh end 2079 - 61,218,483 - - 61,218,482 49,733,525
Capital Work in Progress - - - - - -
Net Book Value 359,745,328 19,794,501 - - 379,539,830 382,519,299
As on Ashadh end 2077 - 15,995,334 - - 15,995,334
As on Ashadh end 2078 359,745,328 22,773,970 - - 382,519,299
As on Ashard end 2079 359,745,328 19,794,501 - - 379,539,830
Ashadh End 2079
Deferred tax on temporary differences on following items

Loans and Advances to BFIs - - -
Loans and Advances to Customers (AIR) - - -
Investment Properties - - -
Investment Securities (Fair Value) - (14,062,341) (14,062,341)
Property and Equipment 48,530,311 - 48,530,311
Employees' Defined Benefit Plan 61,869,624 - 61,869,624
Lease Liabilities 26,615,983 - 26,615,983
Provisions - - -
Other Temporary Differences 214,124 - 214,124
Deferred tax on temporary differences 137,230,043 (14,062,341) 123,167,702
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 2079 123,167,702
Deferred Tax (Asset)/ Liabilities as on Shrawan 01 2078 34,938,030
Origination/(Reversal) during the year 88,229,672
Deferred Tax expense (income) recognized in profit or loss 96,220,573
Deferred Tax expense (income) recognized in OCI (7,990,902)
Deferred Tax expense (income) recognized directly in Equity -
Ashadh End 2078
Previous Year
Deferred tax on temporary differences on following items

Loans and Advances to BFIs - - -
Loans and Advances to Customers (AIR) - - -
Investment Properties - - -
Investment Securities (Fair Value) - (84,446,762) (84,446,762)
Property and Equipment 37,160,098 - 37,160,098
Employees' Defined Benefit Plan 69,810,958 - 69,810,958
Lease Liabilities 12,413,736 - 12,413,736
Provisions - - -
Other Temporary Differences - - -
Deferred tax on temporary differences 119,384,792 (84,446,762) 34,938,030
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 2078 34,938,030
Deferred Tax (Asset)/ Liabilities as on Shrawan 01 2077 11,946,088
Origination/(Reversal) during the year 22,991,943
Deferred Tax expense (income) recognized in profit or loss 85,673,990
Deferred Tax expense (income) recognized in OCI (62,682,047)
Deferred Tax expense (income) recognized directly in Equity -
56
Assets held for Sale - -

Other Non-Banking Assets - -
Bills Receivable - -
Accounts Receivable 437,204,024 199,786,426
Accrued Income - -
Prepayments and Deposits 41,415,499 39,078,342
Income Tax Deposit - -
Deferred Employee Expenditure 202,907,727 148,211,968
Other Assets 232,432,533 306,242,134
Stock of Stationery 14,293,166 18,024,302
Advance Others 52,082,347 55,781,731
Receivable Remittance 2,841,466 9,917,321
Receivable VISA A/C 47,121,441 20,017,693
Khandbari-Tumlingtar Receivable 2,834,370 2,834,370
Transit Items (including Cheques) 15,669,844 41,364,024
Receivable from GON 35,851,729 112,859,590
Bullion Stock 78 393,721
Advance for Bullion Stock - -
Spot Deal Receivable 1,320,882 242,023
NDF receivable - -
Others Asset 60,417,210 44,807,358
Total 913,959,782 693,318,869
Money Market Deposits - -

Interbank Borrowing 882,510,000 -
Other Deposits from BFIs 5,214,319,391 6,042,373,556
Settlement and Clearing Accounts - -
Others. - -
Total 6,096,829,391 6,042,373,556
Refinance from NRB
a. Reconstruction Refinancing - -
b. Project Refinancing 3,056,140,870 2,360,808,929
Standing Liquidity Facility 1,500,000,000 -
Lender of Last Resort facility from NRB - -
Securities sold under repurchase agreements - -
Other Payable to NRB - -
Total 4,556,140,870 2,360,808,929
57
Held for Trading

Currency Swap - -
Forward Exchange Contracts - -
Others - -
Held for Risk Management
Currency Swap - -
Forward Exchange Contracts. - -
Others - -
Total - -
Institutional Customers:
Term Deposits. 62,062,285,494 62,039,121,385
Call Deposits 8,803,337,714 10,254,218,254
Current Deposits. 2,578,218,212 10,529,540,342
Others. 55,268,288 2,788,569,305
Individual Customers: - -
Term Deposits 45,903,712,463 31,109,139,755
Saving Deposits 30,526,188,201 36,523,156,747
Current Deposits 5,807,162,341 794,692,364
Others 4,467,178,086 101,075,922
Total 160,203,350,799 154,139,514,074
Nepalese Rupee 157,848,915,723 152,239,634,131

Indian Rupee 6,176,654 6,176,654
United States Dollar 2,347,519,673 1,893,047,996
Great Britain Pound 45,152 49,221
Euro 693,597 606,082
Japanese Yen - -
Chinese Yuan - -
Other - -
Total 160,203,350,799 154,139,514,074
Domestic Borrowings - -
Nepal Government - -
Other Institutions. - -
Other - -
Sub Total - -
Foreign Borrowings - -
Foreign Banks and Financial Institutions - -
Multilateral Development Banks - -
Other Institutions - -
Sub Total - -
Total - -
58
Other Provisions - -
Provisions for Redundancy - -

Provisions for Restructuring - -
Pending Legal Issues and Tax Litigation - -
Onerous Contracts - -
Total - -
Balance at Shrawan 01 - -
Provision transferred from acquisition - -
Provisions made during the year
Provisions used during the year - -
Provisions reversed during the year - -
Unwind of Discount - -
Balance at Ashadh end - -
Liabilities for employees defined benefit obligations 37,457,960 5,841,970

Liabilities for long service leave 148,535,990 116,474,351
Short term employee benefits 87,069,228 75,772,029
Bills payable 206,918,897 115,125,498
Creditors and accruals 187,794,527 35,257,297
Interest payable on deposits 2,337,772 83,505,750
Interest payable on borrowing 32,387,851 -
Liabilities on deferred grant income - -
Unpaid Dividend 104,010,677 100,535,716
Liabilities under Finance Lease - -
Employee bonus payable 439,134,374 520,678,799
Other Liabilities
Audit Fee 2,825,000 1,695,000
Provision for expenses 30,125,731 26,762,036
Visa Debit Card Payable 39,960,027 8,859,000
Unearned Discount & Commission 233,532,365 178,899,011
Tax deducted at source payable 167,095,902 169,054,239
Retention amount 6,063,152 7,220,363
Account Payable 365,028,700 68,073,940
Card Related Payable 57,326,932 22,557,650
Gold Loan Commission Payable 2,913,906 3,551,630
NDF Payable 71,155,224 12,433,892
Remittance Payable - -
Spot Deal Payable - -
Liabilities under Operating Lease 1,007,500,376 41,379,119
Other Liability 125,171,665 18,362,687
Total 3,354,346,258 1,612,039,976
59
4.23.1: Defined Benefit Obligation
The amounts recognised in the statements of financials positions are as follows :
Present value of unfunded obligations 148,535,990 116,474,350

Present value of funded obligations 210,860,040 162,265,120
Total present value of obligations 359,396,030 278,739,470
Fair value of plan assets 173,402,080 156,423,140

Present value of net obligations - -
Recognized liability for defined benefit obligations 185,993,950 122,316,330
Equity securities - -
Government bonds - -
Bank deposit - -
Other 173,402,080 156,423,140
Total 173,402,080 156,423,140
Defined benefit obligations at Shrawan 1 278,739,470 251,587,340

Actuarial (Gain)/Losses 39,825,150 (16,834,010)
Benefits paid by the plan (11,225,520) (9,728,980)
Current service costs and interest 52,056,930 53,715,120
Defined benefit obligations at Ashadh end 359,396,030 278,739,470
Fair value of plan assets at Shrawan 1 156,423,140 153,531,780

Acquisition Adjustment - -
Contributions paid into the plan 5,841,980 -
Benefits paid during the year (4,670,050) (5,112,130)
Actuarial (losses) gains - -
Expected return on plan assets 15,807,010 8,003,490
Fair value of plan assets at Ashadh end 173,402,080 156,423,140
Current service costs 30,454,170 14,343,960
Interest on obligation 8,954,600 26,435,610
Expected return on plan assets - -

Immediate recognition of (gains) / losses –
16,428,160 858,980
other long term employee benefit plans
Total 55,836,930 41,638,550
60
Actuarial (gain)/loss 20,238,130 (12,760,940)

Total 20,238,130 (12,760,940)
Discount rate 8.00% 8.00%

Expected return on plan asset 5.00% 5.00%
Future salary increase 6.00% 6.00%
Withdrawal rate
Less than 35 years 5.00% 5.00%
More than 35 years 1.00% 1.00%

Debt Securities issued designated as at fair value through profit
- -
or loss
Debt Securities issued at amortised cost 9,145,519,492 2,440,968,911
Total 9,145,519,492 2,440,968,911
Redeemable preference shares - -

Irredeemable cumulative preference shares (liabilities component) - -
Others - -
Total - -

Ordinary shares 18,656,322,804 16,083,036,900
Convertible preference shares (equity component only) - -
Irredeemable preference shares (equity component only) - -
Perpetual debt (equity component only) - -
Total 18,656,322,804 16,083,036,900
Authorized Capital
220,000,000 Ordinary share of NPR. 100 each 22,000,000,000 22,000,000,000
Issued capital
186,563,228 Ordinary share of NPR. 100 each 18,656,322,804 16,083,036,900
Subscribed and paid up capital
186,563,228 Ordinary share of NPR 100 each 18,656,322,804 16,083,036,900

Total 18,656,322,804 16,083,036,900
61
4.26.2 Ordinary Share Ownership
Domestic ownership
Nepal Government - - - -
"A" class licensed institutions - - - -
Other licensed institutions - - - -
Other Institutions - - - -
Public 49.00% 9,141,598,174 49.00% 7,880,688,081
Other (Promoter) 51.00% 9,514,724,630 51.00% 8,202,348,819
Foreign ownership - - - -
Total 100.00% 18,656,322,804 100.00% 16,803,036,900
Statutory general reserve 4,568,484,466 4,011,017,196

Exchange equalization reserve 5,313,918 4,832,816
Corporate social responsibility reserve 51,956,704 33,819,226
Capital redemption reserve - -
Regulatory reserve 1,722,611,274 1,221,277,180
Investment adjustment reserve 3,500,000 3,500,000
Capital reserve - -
Assets revaluation reserve - -
Fair value reserve 229,854,574 197,042,446
Dividend equalization reserve - -
Actuarial gain 9,452,030 23,618,721
Special reserve - -
Other reserve - -
Training and Development Fund 19,358,424 3,952,605
Deferred Tax Reserve - -
Total 6,610,531,389 5,499,060,190
Contingent liabilities 68,733,763,158 66,067,973,415

Undrawn and undisbursed facilities 12,719,219,265 15,974,799,597
Capital commitment 24,858,688 8,558,844
Lease Commitment 1,314,505,482 1,306,653,936
Litigation 64,436,338 29,428,047
Total 82,856,782,932 83,387,413,838
Acceptance and documentary credit 161,712,053 169,402,527

Bills for collection (Letter of Credit) 8,006,529,807 8,712,182,199
Forward exchange contracts 4,062,407,704 7,240,376,197
Guarantees 47,272,000,781 44,751,225,930
Underwriting commitment - -
Other commitments 9,231,112,812 5,194,786,561
Total 68,733,763,158 66,067,973,415
Undisbursed amount of loans 7,665,386,741 9,185,231,936

Undrawn limits of overdrafts 4,448,904,975 6,479,480,548
Undrawn limits of credit cards 604,927,548 310,087,113
Undrawn limits of letter of credit - -
Undrawn limits of guarantee - -
Total 12,719,219,265 15,974,799,597
62
Capital expenditure approved by relevant authority of the bank but provision has not been made in financial
statements
Capital commitments in relation to Property and Equipment

Approved and contracted for 24,858,688 8,558,844
Approved but not contracted for - -
Sub total 24,858,688 8,558,844
Capital commitments in relation to Intangible assets - -
Approved and contracted for - -
Approved but not contracted for - -
Sub total - -
Total 24,858,688 8,558,844
Operating lease commitments

Future minimum lease payments under non-cancellable operating
lease, where the bank is lessee
Not later than 1 year 176,781,542 163,708,799
Later than 1 year but not later than 5 years 719,539,619 656,030,534
Later than 5 years 418,184,321 486,914,602
Sub total 1,314,505,482 1,306,653,936
Finance lease commitments
Future minimum lease payments under non-cancellable operating
lease, where the bank is lessee
Not later than 1 year - -
Later than 1 year but not later than 5 years - -
Later than 5 years - -
Sub total - -
Total 1,314,505,482 1,306,653,936
Disputed tax payable amount filed for tax administration review in Inland Revenue Department has been disclosed as
litigation Contingent liabilities. After the final tax assessment of FY 2067-68, FY 2068-69, FY 2069-70 are under review
for final settlement in LTO. The bank has filed case in Revenue Tribunal Office for the FY 2071-72, FY 2072-73 whereas
the issue of FY 2073-74 and FY 2074-75 are in administrative review.
Cash and cash equivalent 45,825,260 25,898,782

Due from Nepal Rastra Bank - -
Placement with bank and financial institutions 29,688,329 66,808,999
Loan and advances to bank and financial institutions - -
Loans and advances to customers 17,066,970,728 13,109,768,788
Investment securities 1,063,209,743 745,419,380
Loan and advances to staff 95,662,451 61,854,358
Other Interest Income - (94,338)
Total interest income 18,301,356,511 14,009,655,970
Income from Loan and Advances to customer includes cash interest income, accrued interest receivable from the
customers whose overdue does not exceed 365 days.
63
Due to bank and financial institutions 43,875,643 80,822

Due to Nepal Rastra Bank 258,966,130 31,116,186
Deposits from customers 11,477,933,048 7,971,887,974
Borrowing - -
Debt securities issued 257,459,297 57,680,438
Subordinated liabilities - -
Other Charges
Lease Liability 76,156,684 -
Total Interest expense 12,114,390,803 8,060,765,419
Loan administration fees 436,250 486,566

Service fees 435,684,211 521,711,555
Consortium fees 34,200,512 17,463,782
Commitment fees 1,260,870 3,472,498
DD/TT/Swift fees 17,562,967 13,716,771
Credit card/ATM issuance and renewal fees 105,005,842 53,573,004
Prepayment and swap fees 7,467,140 19,102,506
Investment banking fees - -
Asset management fees - -
Brokerage fees - -
Remittance fees 22,923,040 23,950,449
Commission on letter of credit 74,351,087 81,148,708
Commission on guarantee contracts issued 395,849,654 620,610,895
Commission on share underwriting/issue - -
Locker rental 5,106,768 3,703,775
Others
Bancassurance Commission - -
DP related Fees - -
ATM Commission - -
Mobile Banking Commission 74,059,709 42,227,841
Other fees and commission income 56,830,346 49,117,674
Total Fees and Commission Income 1,230,738,396 1,450,286,023
ATM management fees 24,611 -

VISA/Master card fees 70,356,882 37,688,258
Guarantee commission - -
Brokerage - -
DD/TT/Swift fees. 12,365,719 6,669,374
Remittance fees and commission 1,745,800 9,620
Other fees and commission expense 58,055,189 60,902,417
Total Fees and Commission Expense 142,548,201 105,269,669
64
Changes in fair value of trading assets - -

Gain/loss on disposal of trading assets - -
Interest income on trading assets - -
Dividend income on trading assets - -
Gain/loss foreign exchange transition 231,163,380 321,266,753
Other - -
Net trading income 231,163,380 321,266,753
Foreign exchange revaluation gain 1,924,406 2,592,379

Gain/loss on sale of investment securities 41,312,428 168,240,509
Fair value gain/loss on investment properties (5,756,829) -
Dividend on equity instruments 81,903,575 19,166,233
Gain/loss on sale of property and equipment 3,643,583 4,447,366
Gain/loss on sale of investment property 3,845,941 11,232,589
Operating lease income - -
Gain/loss on sale of gold and silver - 78,312
Other Operating Income 30,034,622 21,733,374
Total 156,907,726 227,490,763
Impairment charge/(reversal) on loan and advances to BFIs 7,574,017 38,869,177

Impairment charge/(reversal) on loan and advances to customers 1,232,262,386 730,426,948
Impairment charge/(reversal) on financial Investment - -
Impairment charge/(reversal) on placement with BFIs - -
Impairment charge/(reversal) on property and equipment - -
Impairment charge/(reversal) on goodwill and intangible assets - -
Impairment charge/(reversal) on investment properties - -
Total 1,239,836,403 769,296,125
65
Salary 496,144,508 428,976,117

Allowances 345,755,536 303,520,677
Gratuity Expense 40,684,136 46,843,291
Provident Fund 49,330,631 42,921,482
Uniform 14,129,602 14,422,100
Training & development expense 6,569,084 4,849,496
Leave encashment 38,617,110 22,986,340
Medical 183,034 44,490
Insurance 6,306,684 5,335,112
Employees incentive - -
Cash-settled share-based payments - -
Pension expense - -
Finance expense under NFRS 52,881,552 38,217,306
Other expenses related to staff 180,712,954 162,633,465
Dashain Expense 62,253,268 57,990,164
Outsourced Staff Expenses 51,959,810 48,135,764
Other employee expenses 66,499,876 56,507,537
Subtotal 1,231,314,831 1,070,749,876
Employees Bonus 439,048,225 520,592,649
Grand total 1,670,363,055 1,591,342,525
Directors' fee 2,220,000 2,535,000

Directors' expense 1,652,375 1,329,851
Auditors' remuneration
Statutory Audit 2,825,000 1,695,000
Revenue Audit - -
Other audit related expense 755,803 52,844
Professional and legal expense 229,809 177,914
Office administration expense 424,063,655 363,071,825
Operating lease expense 166,443 189,954,941
Operating expense of investment properties - -
Corporate social responsibility expense 9,736,286 23,952,630
Onerous lease provisions - -
Other Expenses
Other committee meeting Fees & Expenses 853,927 1,030,160
Share Related Expenses 7,420,562 6,451,010
Debenture Related Expenses - -
Written Off Expenses - -
Other Expenses 21,986,023 22,059,630
Total 471,909,882 612,310,804
66
4.37.1 Office Administrative Expenses
Water and Electricity 36,304,693 31,540,376

Repair and Maintenance
a. Building 3,425,839 1,656,084
b. Vehicle 3,456,808 2,645,505
c. Computer and accessories 914,013 877,383
d. Office Equipment and Furniture 18,375,194 15,462,863
e. Others 5,988,850 2,169,074
Insurance 33,166,849 27,314,370
Postage, Telex, Telephone, Fax 46,890,367 47,948,936
Printing and Stationery 32,053,180 21,082,679
Newspaper, Books and Journals 435,463 388,654
Advertisement 3,574,694 1,837,205
Donation 500 18,000
Security Expenses 128,712,411 115,978,225
Deposit and Loan Guarantee Premium 31,325,370 28,100,879
Travel Allowance and Expenses 6,863,762 4,166,642
Entertainment - -
Annual/Special General Meeting Expenses 1,011,552 494,977
Others
a. Power & Fuel 17,555,373 10,601,043
b. Business Promotion 3,347,096 1,348,944
c. Cleaning Expenses 12,128,783 11,429,160
d. Rates and Taxes 8,473,400 10,671,055
e. Technical & Consultancy Fee 2,944,285 2,334,726
f. Expenses for Capital Items 2,983,224 3,098,838
g. Others 24,131,950 21,906,207
Total 424,063,655 363,071,825
Depreciation on property and equipment 318,005,295 172,856,889

Depreciation on investment property - -
Amortization of intangible assets 11,678,351 11,524,234
Total 329,683,646 184,381,124
Recovery of loan written off - -

Other income-Gain on Bargain Purchase - -
Total - -
Particulars
Loan written off - -

Redundancy provision - -
Expense of restructuring - -
Other expense. - -
Total - -
67
Current tax expense

Current year 1,241,113,116 1,443,418,808
Adjustments for prior years 19,205,132 59,188,337
Deferred tax expense - -
Origination and reversal of temporary differences (96,220,573) (85,673,990)
Changes in tax rate - -
Recognition of previously unrecognized tax losses - -
Total income tax expense 1,164,097,675 1,416,933,155
Profit before tax 3,951,434,021 4,685,333,842

Tax amount at tax rate of 30% 1,185,430,206 1,405,600,153
Effect of NFRS Re-measurement - -
Add: Tax effect of expenses that are not deductible for tax purpose 164,842,078 90,290,395
Less: Tax effect on exempt income - -
Add/less: Tax effect on other items (109,159,168) (53,805,994)
Other Tax adjustment - 1,334,254
Adjustment of Prior Years Tax and temporary Difference 19,205,132 59,188,337
Total income tax expense 1,260,318,248 1,502,607,145
Effective tax rate 31.90% 32.07%
68
Statement of Distributable Profit or Loss
(As per NRB Regulation)
Opening Retained Earning 44,343,409 100,008,720

Net profit or (loss) as per statement of profit or loss 2,787,336,347 3,268,400,687
Appropriations: - -
a. General reserve (557,467,269) (653,680,137)
b. Foreign exchange fluctuation fund (481,102) (648,095)
c. Capital redemption reserve - -
d. Corporate social responsibility fund (27,873,363) (32,684,007)
e. Employees' training fund (15,405,820) -
f. Other 9,736,286 23,952,630
Profit or (loss) before regulatory adjustment 2,195,845,078 2,605,341,078
Regulatory adjustment :
a. Interest receivable (-)/previous accrued interest received (+) (315,506,370) (45,546,165)
b. Short loan loss provision in accounts (-)/reversal (+) - -
c. Short provision for possible losses on investment (-)/reversal (+) - -
d. Short loan loss provision on Non-Banking Assets (-)/reversal (+) (97,598,053) 82,349,834
e. Deferred tax assets recognized (-)/ reversal (+) (88,229,672) (22,991,943)
f. Goodwill recognized (-)/ impairment of Goodwill (+) - -
g. Bargain purchase gain recognized (-)/reversal (+) - -
h. Actuarial loss recognized (-)/reversal (+) - -
i. Other (+/-) - -
Distributable profit or (loss) 1,738,854,392 2,719,161,524
69
5 DISCLOSURES AND ADDITIONAL credit risk to which the bank is exposed, from the
INFORMATION level of individual facilities up to the total portfolio in
segment as well as in totality; although the qualitative
5.1 Risk Management aspect of the credit worthiness is also not ignored.
As a financial intermediary, the Bank is exposed to Regular monitoring of the credit portfolio ensures
array of risks through its daily operations. The Bank’s that the bank does not run the risk of concentration
key risk exposures include credit, market, liquidity of portfolio in a particular business sector or a
and operational risks. However, with the rapid single borrower. Similarly, the bank also exercises
technological innovations/ IT based products and controlled investment policy with adequately
solutions introduced by the bank, due consideration equipped resource looking after the investment
should be given to information systems risk as decisions. The organization structure created for
well. Proactive identification of such risk exposures Credit Risk Management is as follows:
is of high importance to ensure the sustainability
and profitability of the Bank. In response to an • The Board of Directors
increasingly dynamic and competitive operating • The Risk Management Committee
landscape, evolving risks and significant regulatory
developments, there is an ongoing imperative to • Credit Risk Management Unit under Risk
enhance risk management. Management Department
Bank’s Risk Management is the process by which 5.1.2 Market Risk
management satisfied these needs by identifying
Among various components of market risks,
key risks, obtaining consistent, understandable,
foreign exchange risk is the predominant risk,
operation risk measures, choosing which risk to
which incorporates the volatility of relevant foreign
reduce and which to increase and what means and
exchange and the correlation of their movements
establishing procedures to monitor the resulting risk
with the home currency. The net open position
position.
taking is done with-in the prescribed authority
A robust risk management framework is in place limits delegated to the treasury dealers / bank's
which supports the efficient management and management. Similarly, an effective interest risk
mitigation of the said risk exposure. management process is placed to mitigate gap risk
and price risk.
Risk Management Framework
Bank risk management committee has approved the
Risk is identified and managed as part of a Risk market risk policy of the Bank. As for the monitoring
Management Framework. The Board of Directors of market and liquidity risk, the Bank has an active
has ultimate responsibility for the oversight of risk, Assets and Liability Management Committee (ALCO)
determining risk appetite levels, formulating risk in place which meets regularly and takes stock of
policies and ensuring the effectiveness of the risk the Bank’s assets and liability position and profile
management processes and procedures in place. of assets & liabilities, monitors risks arising from
The Risk Management Committee assists the changes in exchange rates in foreign currencies.
Board in the discharge of its risk related duties and All foreign exchange positions are managed by
provides independent oversight of all risk related treasury consisting of front office dealers with
aspects by ensuring the adequacy and effectiveness specific dealing limits and an independent back
of the implementation of risk governance structures, office. The back office executes the deals made by
policy frameworks, standards and processes. the dealers and also monitors the liquidity position
Furthermore, the Credit Committee, Anti Money of the Bank. For the purpose of proper check and
Laundering Committee and Audit Committee control, the front dealing room of treasury and the
support the Board in discharging its risk related back office has different reporting line. Different
duties. Executive committees namely, the Assets types of Management report such as Gap analysis
and Liabilities Management Committee and the of different interest sensitive assets and liability,
Risk Management Committee play a critical role in sensitive analysis of interest sensitive assets and
ensuring the effective implementation of the bank’s liabilities is prepared and discuss in Assets and
risk management processes. The overall Risk Liability Management Committee (ALCO) to monitor
Management Framework is divided into following interest rate risk of the bank.
five processes:
5.1.3 Liquidity Risk
• Risk Identification
Liquidity Risk is that a bank is unable to fund the
• Risk Measurement increase in assets and/or meet its obligations as
• Risk Pricing they come due. Management of liquidity risk is not
only crucial to the ongoing viability of a bank; but
• Risk Monitoring and Control also has series of impact on whole banking system.
• Risk Mitigation A series of measures and market information are
used across the Bank to monitor both short and
5.1.1 Credit Risk long term liquidity. Liquidity and Market Risk are
Credit risk is the potential loss that arise from monitored by ALCO and Senior Management Team
customers/borrowers and counterparties failing to on a regular basis.
honor their financial or contractual obligations to the The board has ensured that the bank has necessary
bank. liquidity risk management framework and bank is
The bank has a guideline to assess and grade capable of confronting uneven liquidity scenarios. The
individual counterparties based on risk. The principal bank has formulated liquidity policies, contingency
objectives of credit risk measurement is to produce funding planning which are recommended by senior
the most assurance possible assessment of the management/ALCO and approved by the Board
70
of Directors. The bank utilizes flow measures to 5.1.6 Fair value of financial assets and liabilities
determine its cash position. A maturity ladder analysis
Fair value is a market-based measurement, not an
estimates a bank’s inflows and outflows and thus net
entity specific measurement. For some assets and
deficit or surplus (GAP) over a time horizon. A maturity
liabilities, observable market transactions or market
ladder is a useful device to compare cash inflows and
information might be available. For other assets and
outflows both on a day-to-day basis and over a series
liabilities, observable market transactions and market
of specified time periods as presented in the NRB
information might not be available. However, the
form No.5.1 under NRB Directives No. 5. Similarly,
objective of a fair value measurement in both cases is
different tolerance limits (Loan to Deposit Ratio, Loan
the same – to estimate the price at which an orderly
to Capital Ratio etc.) are set to Manage liquidity risk.
transaction to sell the asset or to transfer the liability
5.1.4 Operational Risk would take place between market participants at the
measurement date under current market conditions
Operational risk is the risk of negative effects on the
(i.e. an exit price at the measurement date from the
financial result and capital of the bank caused by
perspective of a market participant that holds the
ommissions in the work of employees, inadequate
asset or owes the liability).
internal procedures and processes, inadequate
management of information and other systems, and Fair values are determined according to the following
unforeseeable external events. hierarchy:
Bank has created one separate unit of operational risk Level 1
under Risk Management Department. Operational
Those derived from unadjusted quoted price in active
Risk Policy and Operation Manual has been
markets for identical assets or liabilities that the
developed to make its operation secure through a
bank can access at the measurement date. Held for
system of procedural in each operational transaction.
trading and available for sale investments have been
There is a compliance department which regularly
recorded using Level 1 inputs.
monitors regarding AML/CFT issues.
Level 2
The Bank has developed Business Continuity plan to
ensure continued operation in to face the emergency, Inputs other than quoted prices included within
disaster, and crisis. The Bank has maintained in- Level 1 that are observable for the asset or liability,
house cold site for disaster recovery. The disaster either directly or indirectly. This category includes
recovery site and production server site have been instruments valued using: quoted market prices in
kept in well-maintained and in separate geographic active markets for similar instruments, quoted prices
location. Periodic drill is conducted to assess the for identical or similar instruments in markets
functioning of DRS.
Level 3
The bank has also performed IS audit in periodic basis
to identify Vulnerability Assessment and Penetration Inputs not based on observable data and where
testing. the unobservable inputs have a significant effect on
assets and liability. It includes instruments that are
The Bank has adopted dual control mechanism in its all valued based on quoted prices for similar instruments
operational activities where each and every financial where significant unobservable adjustments or
and non-financial transaction is subject to approval assumptions are required to reflect differences
from an authority higher than the transaction initiator. between the instruments.
Regular review meetings are conducted to assess the
adequacy of risk monitoring mechanism and required 5.2 Capital management
changes are made as and when felt necessary. 5.2.1 Qualitative Disclosures
Independent reconciliation unit is established to
conduct daily reconciliation of all Nostro/agency a) Objectives
accounts, Inter-Branch and Inter-Department account The Bank actively manages its capital to meet
under direct supervision of Head of Finance. The Bank regulatory norms and current and future business
has independent internal audit, which reports to the needs considering the risks in its businesses,
Audit Committee of the Bank. The Audit Committee expectation of rating agencies, shareholders and
meets frequently and reviews the business process investors, and the available options of raising capital.
and financial position of the Bank. In order to have
better focus on managing operational risks across b) Organizational Set-up
branches and to monitor them from central level, the The capital management framework of the Bank is
Bank has separate branch coordinator. administered by the Finance Department and the
5.1.5 Capital Risk Risk Management Department under the supervision
of the Board and the Risk Management Committee.
The bank's regulatory capital is divided into two tiers
defined by Nepal Rastra Bank. Tier I capital comprises d) Regulatory Capital
mainly shareholders’ equity. Tier 2 capital comprises Nepal Rastra Bank has issued Basel III transaction
subordinated debts and provisions/ reserves. The arrangement for capital ratios with effect from Mid-
Bank has developed procedures meant to ensure July, 2016 (Shrawan 2073). Capital ratios and
that compliance with both current and potential future deduction from common equity will be fully phased-in
requirements are understood and that capital plans and implemented as on mid July 2025.
are aligned to business need. The bank has regularly
issued bonus shares and right shares to strengthen e) Internal Assessment of Capital
its capital base to support business growth. The The Bank’s capital management framework
bank has also acquired other financial institutions to includes a comprehensive internal capital adequacy
strengthen its capital base. assessment process (ICAAP) conducted annually
which determines the adequate level of capitalization
71
for the Bank to meet regulatory norms and current v) Monitoring
and future business needs, including under stress
Monitoring and reporting of all risks, including
scenarios. The ICAAP encompasses capital planning,
credit, operation, market, liquidity and funding
identification and measurement of material risks and
and interest rate risks are identified, escalated
the relationship between risk and capital. The element
and monitored. The Bank has an adequate
of ICAAP does internal assessment of capital as
system in place for monitoring and reporting risk
follows:
exposures and assessing how the changing risk
i) Board and senior management oversight profile affects the need for capital. The board of
directors and senior management on a regular
The Board of Directors is responsible for setting
basis receive the report regarding the risk profile
the risk appetite of the bank, and ensuring that the
of the bank and its capital needs. All the material
bank’s business remains within the desired limits.
risks are identified, measured, monitored and
Management should understand the nature and
reported by the respective risk owner.
level of various risks that the bank is confronting
in the course of different business activities and vi) Internal Control Review
how this risk relates to capital levels.
The internal control structure of the Bank is
Bank management is responsible for essential for sound capital assessment process.
understanding the nature and level of risk being Effective control of the capital assessment
taken by the bank and how this risk relates to process includes an independent review and
adequate capital levels. It is also responsible for involvement of both internal as well as external
ensuring that the form and sophistication of the audits wherever appropriate. The Bank is
risk management processes is commensurate committed to conduct the regular review of
with the complexity of its operations. A sound risk its risk management process to ensure its
management process, thus, is the foundation for integrity, accuracy, and reasonableness. The
an effective assessment of the adequacy of a effectiveness of the Bank’s internal control
bank’s capital position. The decisions made by system is reviewed regularly by the Board, its
the management are regularly reviewed by the committees, Management and Internal Audit.
Board.
The Internal Audit monitors compliance with
ii) Sound capital assessment policies and standards and the effectiveness
of internal control structures across the Bank
Crucial component of an effective ICAAP is the
through its program of business/unit audits.
assessment of capital. In order to be able to
The Internal Audit function is focused on the
make a sound capital assessment, the bank has
areas of greatest risk as determined by a risk-
the following:
based assessment methodology. Internal Audit
• Policies and procedures designed to ensure reports regularly to the Audit Committee. The
that the bank identifies, measures, and findings of all adverse audits are reported to the
reports all material risks; Chief Executive Officer and Business Heads for
immediate corrective actions.
• A process that relates capital to the level of
risk; vii) Assets and Liability Committee (ALCO)
• A process that states capital adequacy goals The ALCO, chaired by Chief Executive Officer,
with respect to risk, taking account of the ensures functioning of the banking business in
bank’s strategic focus and business plan; line with the set procedures and processes and
and recommends for necessary steps to address
the risk associated with liquidity, movement in
• A process of internal control reviews and interest rate, exchange rate and equity price and
audits to ensure the integrity of the overall other risks.
management process.
viii) Stress and Scenario Testing
iii) Comprehensive assessment of risks
Description of method
Head of Risk Department, along with his team,
is responsible for overall risk management of Stress Test is done as per Stress Testing
the Bank which includes managing, assessing, Guidelines issued by the Nepal Rastra Bank as
identifying, monitoring and reducing pertinent well as internally assessed stress levels on a
macro and micro-economic level business risks quarterly basis. Credit Risk Stress, Market Risk
that could interfere with Banks objective and Stress, and Liquidity Risk Stress are assessed
goals and whether the Bank is in substantial for different scenario are assessed calibrating the
compliance with its internal operating policies results of the test to the capital adequacy ratio
and other applicable regulations and procedures, (CAR), non-performing loans (NPL) and other
external, legal, regulatory or contractual factor related to each risk driver of the bank.
requirements on a continuous basis. Further,
Stress and Scenario Analysis:
Head of Risk Department ensures integration of
all major risk in capital assessment process. Stress test has been conducted for the categories -
Credit Shock, Interest Rate Shock, Exchange Rate
iv) Risk Management Committee (RMC)
Shock, Equity Price Shock and Liquidity Shock.
Board level risk management committee has
Stress test aims to assess bank's capital
been set up under NRB Directive for ensuring/
adequacy ratio (CAR), level of non-performing
reviewing bank's risk appetite is in line with the
loan (NPL) and liquidity ratio under different
policies.
scenarios and bank's maximum level of tolerance
capacity under each category.
72
a. Credit shock is assessed mainly under B) Tier 2 capital and a breakdown of its
following scenarios: components:
i. Downgrading overall loan exposures Supplementary Capital (Tier 2) Amount (NPR)
ii. Default in real estate exposures
Subordinated Term Debt -
iii. Default by bank's top exposures General loan loss provision 2,615,368,702
b. Market shock is assessed mainly under Exchange Equalization Reserve 5,313,918
following scenarios:
Investment Adjustment Reserve 3,500,000
i. Changes in Interest Rate of Deposit
Total Supplementary Capital (Tier II) 2,624,182,620
& Loan
ii. Exchange Rate Depreciation &
Appreciation C) Detailed information about the Subordinated
Term Debts with information on the outstanding
iii. Fall in Equity Prices amount, maturity, amount raised during the year
c. Liquidity Shock is assessed mainly under and amount eligible to be reckoned as capital
following Scenarios: funds: Nil
i. Withdraw of Deposit by Top

Depositors D) Deductions from Capital:
ii. Withdraw of Deposit by Certain The bank has deducted to the following items in
percentage of Total exposure calculation of Tier I Capital:
iii. Default of top counter parties in Deduction from Tier I Capital Amount
lending
Intangible Assets 19,794,501
5.2.2 Quantitative Disclosures
Investment in equity in licensed 46,023,000
A) Tier 1 capital and a breakdown of its Financial Institutions
components: Total Deduction from Tier I Capital 65,817,501
Core Capital (Tier 1) Amount
E) Total Qualifying Capital:
Paid up Equity Share Capital 18,656,322,804
Statutory General Reserves 4,568,484,466 Total Qualifying Capital Amount
Proposed Bonus Equity Shares - Core Capital (Tier 1) 24,897,844,161
Share Premium - Supplementary Capital (Tier 2) 2,624,182,620
Retained Earnings 1,738,854,392 Total qualifying capital 27,522,026,780
Un-audited current year cumulative -
profit F) Capital Adequacy Ratio:
Capital Redemption Reserve -
Capital Adequacy Ratio Percentage
Other Free Reserve -
Less: Fictitious Assets - Tier 1 Capital to Total Risk 11.87%
Weighted Exposures
Less: Intangible Assets (19,794,501)
Tier 1 & Tier 2 Capital to Total 13.12%
Less: Deferred Tax Assets - Risk Weighted Exposures
Less: Investment in equity in (46,023,000)
licensed Financial Institutions
Total Core Capital (Tier I) 24,897,844,161
73
G) Risk weighted exposures for credit risk, operational risk and market risk
Risk Weighted Exposures Amount
Risk weighted Exposures for Credit Risk 192,254,486,625

Risk weighted Exposures for Operational Risk 8,433,511,801
Risk weighted exposures for Market Risk 213,703,964
Total Risk Weighted Exposures (Before adjustments of Pillar II) 200,901,702,390
Adjustment under Pillar II
ALM policies & practices are not satisfactory, add ...% of net interest income to RWE -
Add ....% of the total deposit due to insufficient Liquid Assets -
Add RWE equivalent to reciprocal of capital charge of 4 % of gross income. 2,889,888,111
Overall risk management policies and procedures are not satisfactory. Add 3% of RWE 6,027,051,072
If desired level of disclosure requirement has not been achieved, Add.....% of RWE -
Total Risk Weighted Exposures (After Bank's adjustments of Pillar II) 209,818,641,572
H) Risk weighted exposure under each of 13 categories
Credit Risk Claim RWE
Claims on Govt. and Central Bank 39,328,207,348 -

Claims on Other Financial Entities - -
Claims on Banks 14,373,523,637 2,967,922,674
Claims on Corporate and Securities Firm 76,447,736,368 76,375,941,280
Claims on Regulatory Retail Portfolio 25,245,743,780 15,518,878,663
Claims on Secured by Residential Properties 9,492,140,288 5,753,488,186
Claims on Secured by Commercial Real Estate 9,690,515,809 9,690,515,809
Past due Claims 4,899,985,997 4,592,694,316
High Risk Claims 21,745,954,150 27,024,342,215
Lending against Shares(up to NPR2.5 Million) 276,701,112 276,701,112
Trust Receipt Loans for Trading Firms 205,386,286 246,463,543
Other Assets 10,390,613,161 7,588,458,962
Off Balance Sheet Items 82,856,782,932 42,219,079,865
Total 294,953,290,868 192,254,486,625
74
I) Total risk weighted exposure calculation table:
i. Risk Weighted Exposure of Credit Risk
Specific Eligible CRM Net Value Risk Risk Weighted

A. Balance Sheet Exposures Book Value (a)
provisions (b) (c ) (d=a-b-c) weight (e) Exposures (f=d*e)
Cash Balance 4,152,938,425 - - 4,152,938,425 0% -
Balance With Nepal Rastra Bank 8,860,332,435 - - 8,860,332,435 0% -
Gold 78 78 - - 0% -
Investment in Nepalese Government Securities 26,124,076,301 - - 26,124,076,301 0% -
All Claims on Government of Nepal 190,860,109 - - 190,860,109 0% -
Investment in Nepal Rastra Bank securities - - - - 0% -
All claims on Nepal Rastra Bank - - - - 0% -
Claims on Foreign Government and Central Bank (ECA 0-1) - - - - 0% -
Claims on Foreign Government and Central Bank (ECA -2) - - - - 20% -
Claims on Foreign Government and Central Bank (ECA-4-6) - - - - 100% -
Claims On BIS, IMF, ECB, EC and MDB's recognized by the framework - - - - 0% -
Claims on Other Multilateral Development Banks - - - - 100% -
75
Claims on Domestic Public Sector Entities - - - - 100% -
Claims on Public Sector Entity (ECA 0-1) - - - - 20% -
Claims on Public Sector Entity (ECA 2) - - - - 50% -
Claims on Public Sector Entity (ECA 3-6) - - - - 100% -
Claims on Public Sector Entity (ECA 7) - - - - 150% -
Claims on domestic banks that meet capital adequacy requirements 12,791,201,806 - - 12,791,201,806 20% 2,558,240,361
Claims on domestic banks that do not meet capital adequacy requirements - - - - 100% -
Claims on foreign bank (ECA Rating 0-1) 1,223,817,220 - - 1,223,817,220 20% 244,763,444
Claims on foreign bank (ECA Rating 2) 310,726,488 - - 310,726,488 50% 155,363,244
Claims on foreign bank (ECA Rating 3-6) - - - - 100% -
Claims on foreign bank (ECA Rating 7) - - - - 150% -
Claims on foreign bank incorporated in SAARC region operating with a buffer of 1% above 47,778,123 - - 47,778,123 20% 9,555,625
their respective regulatory capital requirement
Claims on Domestic Corporates (Credit rating score equivalent to AAA) - - - - 50% -
Claims on Domestic Corporates (Credit rating score equivalent to AA+ to AA-) - - - - 70% -
Claims on Domestic Corporates (Credit rating score equivalent to A+ to A-) - - - - 80% -
A. Balance Sheet Exposures Book Value (a)
Claims on Domestic Corporates (Credit rating score equivalent to BBB+ & below) 7,863,994,702 - - 7,863,994,702 100% 7,863,994,702
Claims on Domestic Corporates (Unrated) 68,583,741,666 - 71,795,088 68,511,946,578 100% 68,511,946,578
Claims on Foreign Corporates (ECA 0-1) - - - - 20% -
Claims on Foreign Corporates (ECA 2) - - - - 50% -
Claims on Foreign Corporates (ECA 3-6) - - - - 100% -
Claims on Foreign Corporates (ECA 7) - - - - 150% -
Regulatory Retail Portfolio (Not Overdue) 25,245,743,780 - 4,553,905,563 20,691,838,217 75% 15,518,878,663
Claims fulfilling all criterion of regularity retail except granularity - - - - 100% -
Claims secured by residential properties 9,283,092,209 - - 9,283,092,209 60% 5,569,855,326
Claims not fully secured by residential properties - - - - 150% -
Claims secured by residential properties (Overdue) 209,048,079 25,415,219 - 183,632,860 100% 183,632,860
Claims secured by Commercial real estate 9,690,515,809 - - 9,690,515,809 100% 9,690,515,809
Past due claims (except for claims secured by residential properties) 4,899,985,997 1,838,189,786 - 3,061,796,210 150% 4,592,694,316
High Risk claims 21,745,954,150 - 3,729,726,006 18,016,228,144 150% 27,024,342,215
Lending against Shares(up to NPR2.5 Million) 276,701,112 - - 276,701,112 100% 276,701,112
Trust Receipt Loans for Trading Firms 205,386,286 - - 205,386,286 120% 246,463,543
76
Investments in equity and other capital instruments of institutions listed in stock exchange 4,965,502,806 - - 4,965,502,806 100% 4,965,502,806
Investments in equity and other capital instruments of institutions not listed in the stock 67,168,795 - - 67,168,795 150% 100,753,192
exchange
Staff loan secured by residential property 813,635,031 143,873,172 - 669,761,859 50% 334,880,930
Interest Receivable/claim on government securities 246,096,682 - - 246,096,682 0% -
Cash in transit and other cash items in the process of collection 15,669,844 - - 15,669,844 20% 3,133,969
Other Assets (as per attachment) 4,282,540,004 2,098,351,938 - 2,184,188,065 100% 2,184,188,065
Total (A) 212,096,507,936 4,105,830,194 8,355,426,658 199,635,251,085 150,035,406,760

B. Off-Balance Sheet Exposures Book Value (a)
Revocable Commitments - - - - 0% -
Bills Under Collection - - - - 0% -
Forward Exchange Contract Liabilities 4,062,407,704 - - 4,062,407,704 10% 406,240,770
LC Commitments With Original Maturity Upto 6 months domestic counterparty 3,549,601,208 - 373,502,615 3,176,098,593 20% 635,219,719
Foreign counterparty (ECA Rating 0-1) - - - - 20% -
Foreign counterparty (ECA Rating 2) - - - - 50% -
B. Off-Balance Sheet Exposures Book Value (a)
LC Commitments With Original Maturity Over 6 months domestic counterparty 4,456,928,599 - 52,856,632 4,404,071,967 50% 2,202,035,983
Bid Bond, Performance Bond and Counter guarantee domestic counterparty 37,288,315,813 - 1,287,196,652 36,001,119,161 40% 14,400,447,664
Underwriting commitments - - - - 50% -
Lending of Bank's Securities or Posting of Securities as collateral - - - - 100% -
Repurchase Agreements, Assets sale with recourse - - - - 100% -
77
Advance Payment Guarantee 9,983,684,968 - 49,413,826 9,934,271,143 100% 9,934,271,143
Financial Guarantee - - - - 100% -
Acceptances and Endorsements 161,712,053 - - 161,712,053 100% 161,712,053
Unpaid portion of Partly paid shares and Securities - - - - 100% -
Irrevocable Credit commitments (short term) 7,585,728,692 - - 7,585,728,692 20% 1,517,145,738
Irrevocable Credit commitments (long term) 6,447,996,055 - - 6,447,996,055 50% 3,223,998,028
Claims on foreign bank incorporated in SAARC region operating with a buffer of 1% above - - - - 20% -
their respective regulatory capital requirement
Other Contingent Liabilities 8,902,806,912 - - 8,902,806,912 100% 8,902,806,912
Unpaid Guarantee Claims 417,600,927 - - 417,600,927 200% 835,201,855
Total (B) 82,856,782,932 - 1,762,969,725 81,093,813,207 42,219,079,865
Total RWE for credit risk Before Adjustment (A)+(B) 294,953,290,868 4,105,830,194 10,118,396,382 280,729,064,291 192,254,486,625
Adjustment under Pillar II - - - - -
Add: 10% of the Loan and facilities in excess of Single Obligor Limits (6.4 a 3) - - - - -
Add: 1% of the contract (sale) value in case of the sale of credit with recourse (6.4 a 4) - - - - -
Total RWE for credit risk ( After Bank's Adjustment of Pillar II) 294,953,290,868 4,105,830,194 10,118,396,382 280,729,064,291 192,254,486,625
ii. Risk Weighted Exposure of Operational Risk
Particulars Year 1 Year 2 Year 3
Net Interest Income 3,584,607,187 4,640,621,080 5,948,890,550
Commission and Discount Income 766,872,082 902,766,630 1,408,058,182
Other Operating Income 67,075,129 58,398,429 267,126,224
Exchange Fluctuation Income 237,775,405 271,042,665 323,859,132
Additional Interest Suspense during the period 42,488,949 35,946,837 53,014
Gross Income (a) 4,698,818,752 5,908,775,641 7,947,987,103
Alfa (b) 15% 15% 15%
Fixed Percentage of Gross Income [c=(a*b)] 704,822,813 886,316,346 1,192,198,065
Capital Requirement for operational risk (d) (average of c) 927,779,075
Risk Weight (reciprocal of capital requirement of 11%) in times (e) 9.09
Equivalent Risk Weight Exposure[f=(d*e)] 8,433,511,801
PILLAR II ADJUSTMENT
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%) -
Risk Weight (reciprocal of capital requirement of 11%) in times 9.09
Equivalent Risk Weight Exposure[g] -
Equivalent Risk Weight Exposure [h=f+g] 8,433,511,801
iii. Risk Weighted Exposure of Market Risk

Currency Open Position (FCY) Exchange Rate Open Position (NPR) Relevant Open Position
INR 229,488,191 1.60 367,181,105 367,181,105
USD 639,132 127.60 81,553,282 81,553,282
GBP 50,992 150.27 7,662,562 7,662,562
EUR 46,110 127.26 5,867,938 5,867,938
THB 26,917 3.47 93,403 93,403
CHF 4,351 129.14 561,882 561,882
AUD 6,311 85.57 540,041 540,041
CAD 9,213 97.00 893,691 893,691
SGD 1,172 90.62 106,162 106,162
JPY 3,296,433 0.92 3,022,170 3,022,170
HKD 4,392 16.24 71,328 71,328
DKK 603 17.12 10,317 10,317
SEK 752 12.04 9,056 9,056
SAR 30,441 33.72 1,026,466 1,026,466
QAR 13,406 34.58 463,571 463,571
AED 13,405 34.46 461,938 461,938
MYR 6,459 28.50 184,076 184,076
KRW 160,750 0.10 15,432 15,432
CNY 20,269 18.82 381,458 381,458
KWD 219 410.69 89,855 89,855
BHD - 335.79 - -
Total Open Position (a) 470,195,733 470,195,733
Fixed Percentage (b) 5%
Capital Charge for Market Risk [c=(a*b)] 23,509,787
Risk Weight (reciprocal of capital requirement of 11%) in times (d) 9.09
Equivalent Risk Weight Exposure [e=(c*d)] 213,703,964
J) Amount of NPAs
Classification of Loan Gross NPA Net NPA
Restructured/Rescheduled Loan 67,130,468 58,739,159
Sub-Standard Loan 927,553,788 695,665,341
Doubtful Loan 245,398,792 122,699,396
Loss Loan 1,500,625,854 -
78
K) NPA ratios
Particular Ratio
Gross NPA to Gross Loan & Advance 1.77%

Net NPA to Net Loan & Advances 0.58%
L) Movement of Non-Performing Assets
Particulars Opening Balance Closing Balance Difference
Restructured Loan 70,895,568 67,130,468 (3,765,100)

Sub-standard Loan 378,226,863 927,553,788 549,326,925
Doubtful Loan 298,195,686 245,398,792 (52,796,894)
Loss Loan 772,363,399 1,500,625,854 728,262,455
M) Write off of loans and interest suspense
Particulars Opening Balance Closing Balance Difference
Loan and Interest Suspense write-off - - -
N) Movements in loan loss provisions and Interest suspense

i. Movement of Loan Loss Provision
Particulars Opening Balance Closing Balance % Change
Pass Loan 1,698,589,547 1,853,570,200 9.12%

Watch list 542,727,131 761,798,502 40.36%
Restructured Loan 9,800,377 8,391,308 -14.38%
Sub-standard Loan 68,687,961 231,888,447 237.60%
Doubtful Loan 140,844,547 122,699,396 -12.88%
Loss Loan 777,925,651 1,500,625,854 92.90%
Personal Guarantee 562,090 - -100.00%
ii. Movement of Interest Suspense
Particulars Opening Balance Closing Balance % Change
Interest Suspense 229,516,356 282,574,204 23.12%
O) Details of additional loan loss provisions

Additional
Particulars Opening Balance Closing Balance
Provision
Pass Loan 1,698,589,547 1,853,570,200 154,980,653
Watch List 542,727,131 761,798,502 219,071,372
Restructured Loan 9,800,377 8,391,308 (1,409,069)
Sub-standard Loan 68,687,961 231,888,447 163,200,486
Doubtful Loan 140,844,547 122,699,396 (18,145,152)
Loss Loan 777,925,651 1,500,625,854 722,700,203
Personal Guarantee 562,090 - (562,090)
P) Segregation of investment portfolio into held for trading, held to maturity, available for sale and
Investment in associate
Amount at
Investment Portfolio Amount AIR
Amortized Cost
Held for Trading - - -
Held to Maturity - - -
Investment Securities at Amortized Cost 30,459,654,301 293,507,205 30,753,161,506
Treasury Bills 2,180,726,301 11,908,456 2,192,634,757
Development Bond 23,943,350,000 234,188,225 24,177,538,225
Debenture 4,335,578,000 47,410,524 4,382,988,524
Grand Total 30,459,654,301 293,507,205 30,753,161,506
79
Available for Sale -Investment in Equity measured at FVTOCI
Particulars Amount Fair Value
Annapurna Developers Ltd. 2,000,000 2,000,000

Banking, Finance & Insurance Institute of Nepal Ltd. 3,000,000 3,949,770
Chilime Hydro power Company Ltd. 33,511,687 23,779,464
Citizens Mutual Fund 1 12,503,090 11,002,640
Civil Laghubitta Bittiya Sanstha Ltd. 500 6,192
Deprosc Laghubitta Bittiya Sanstha Ltd. - 385
Global IME Laghubitta Bittiya Sanstha Ltd. 1,055 25,980
Jalpa Samudayik Laghubitta Bittiyta Sanstha Ltd. 7,000,000 22,456,882
Karja Suchana Kendra Ltd. 94,500 1,181,300
Kisan Laghubitta Bittiya Sanstha Ltd. 11,770,000 23,053,899
Laxmi Equity Fund 58,460,297 57,876,261
Mega Mutual Fund 1 4,363,300 3,486,277
Nabil Balance Fund-2 2,500,000 2,695,000
Nabil Balance Fund-3 166,700 157,198
NABIL Equity Fund 22,642,720 22,642,720
National Microfinance Laghubitta Bittiya Sanstha Ltd. Promoter 14,000,000 38,450,453
National Microfinance Laghubitta Bittiya Sanstha Ltd. Public - 3,870
Neco Insurance Ltd. - 1,388
Nepal Clearing House Ltd. 4,089,300 34,561,738
Nepal Electronic Payment System Ltd. 15,000,000 22,429,500
Nepal Life Insurance Company Ltd. 1,022 2,241
Nerude Lagubitta Bittiya Sanstha Ltd. 10,861,843 231,876,805
Ngadi Group Power Limited - 297
NIBL Pragati Fund 20,587,398 20,631,821
NIC Asia Balance Fund 2,500,000 2,677,500
NIC Asia Dynamic Debt Fund 6,648,300 7,120,329
NIC Asia Growth Fund 2,500,000 2,787,500
Nirdhan Uthan Laghubitta Bittiya Sanstha Ltd. - 36,267
NLG Insurance Company Ltd. 2,705 1,912
NMB 50 2,500,000 3,225,000
NMB Hybrid Fund 1 25,413,078 33,341,594
Prabhu Capital Ltd. 1,500,000 3,046,487
RMDC Laghubitta Bittiya Sanstha Ltd. - 1,676
Sanima Equity Fund 29,000,000 36,975,000
Siddhartha Equity Fund 19,356,940 19,124,676
Siddhartha Insurance Ltd. - 1,631
Siddhartha Investment Growth Scheme-2 5,000,000 4,895,000
Soaltee Hotel Ltd. 1,799,610 1,696,748
Surya Life Insurance Company Ltd. Promoter Share 1,854,508 8,993,509
Surya Life Insurance Company Ltd. Public Share 690,847 3,485,385
Womi Laghubitta Bittiya Sanstha Ltd. - 783
Grand Total 321,319,401 649,683,077
Investment in Associates
Particulars Amount (NPR)
Mero Mircofinance Bittiya Sanstha Ltd. 37,023,000

Swabhimaan Laghubitta Bittiya Santha Ltd. 9,000,000
TOTAL 46,023,000
80
Q) Summary of the bank’s internal approach Financial liabilities are recognized in two classes :
to assess the adequacy of its capital to support
• Financial liabilities at fair value through profit or
current and future activities:
loss
• Overall risk of the bank is monitored by risk
management committee and Audit Committee • Other financial liabilities measured at amortized
where the board members are involved. cost using the effective interest rate method
• To ensure sound capital assessment process; the
The category of financial liability at fair value through
board, management, audit committee, internal
profit or loss has two sub-categories:
audit and compliance frequently monitor and
review quality and effectiveness of the control • Designated by the entity as a liability at fair value
and mitigate risk to protect the assets of the bank through profit or loss upon initial recognition
regularly.
• The bank has established sound credit appraisal • Held for trading
system and formation of committees with at least The classification of financial assets or liabilities is
3 members in various levels of approval of final given in detail in Note 3.4 above.
credit disbursement. Regular site visits, analysis of
market trend, value of collaterals and adjustments
in its policy accordingly, will minimize credit risks. 5.4 Operating Segment Information
• The bank has set up Assets Liability Management 5.4.1 General Information
Committee chaired by CEO to manage interest An operating segment is a component of an entity:
rate risk, liquidity risk, exchange risk, market risk
etc. The bank periodically performs gap analysis • that engages in business activities from which it
of its Assets and Liabilities to manage the liquidity may earn revenues and incur expenses (including
risks. revenues and expenses relating to transactions
with other components of the same entity),
5.3 Classification of financial assets and
financial liabilities • whose operating results are regularly reviewed by
the entity’s chief operating decision maker to make
Financial assets to be classified in one of the following decisions about resources to be allocated to the
categories: segment and assess its performance, and
• Financial assets at fair value through profit or loss
• for which discrete financial information is available.
o Held for Trading
o Designated at fair value through profit or loss Not every part of an entity is necessarily an operating
segment or part of an operating segment. For example,
• Financial assets at fair value through OCI a corporate office or some functional departments
may not earn revenues or may earn revenues that are
• Financial assets measured at amortized cost only incidental to the activities of the Bank and would
o Held to maturity investments not be operating segments. For the purposes of this
o Loan and Advances NFRS, the Bank’s post-employment benefit plans are
not operating segments.
5.4.2 Information about profit or loss, assets and liabilities
Amount in Million.
S. No. Particulars Banking Treasury Cards Others Total
(a) Revenue from external customers 17,750.25 1,495.03 194.41 480.48 19,920.17
(b) Intersegment revenues - - - -
(c) Net Revenue 17,750.25 1,495.03 194.41 480.48 19,920.17
(d) Interest Revenue - - -
(e) Interest Expense 12,070.51 43.88 12,114.39
(f) Net interest revenue 5,988.15 1,451.15 194.41 480.48 7,805.78
(g) Depreciation and Amortization 329.68 329.68
(h) Segment profit/(loss) 5350.05 1,451.15 194.41 480.48 7,476.09
Entity's interest in the profit or loss of
(i) -
associates accounted for using equity method
(j) Other material non-cash items: -
(k) Impairment of assets 1,238.57 - 1.27 1,239.84
(l) Segment assets 173,603.06 36,642.14 93.71 22.99 210,361.90
(m) Segment liabilities 175,442.88 5,218.34 130.33 2,564.64 183,356.19
5.4.3 Measurement of operating segment profit the management to assess the performance of the
or loss, assets and liabilities business segments. Investment balances, NRB
balance, income from investment, forex income
The bank has identified the key segments of business
are reported in Corporate Office under Province 3.
on the basis of nature of operations that assists the
Segment wise depreciation is not separated and
Executive Committee of the bank in decision making
shown in Banking as it is impracticable to segregate.
process and to allocate the resources. It will help
81
Since, there is no policy regarding Intra segment (g) Information about Major Customer
revenue and costs, Inter-segment accounting has
If revenues from transactions with a single external
not been done.
customer amount to 10 percent or more of the banks
5.4.4 Reconciliations of reportable segment revenues, the bank shall disclose that fact, the total
revenues, profit or loss, assets and liabilities amount of revenues from each such customer, and
(a) Revenue Amount in Mn. the identity of the segment or segments reporting the
Total revenues for reportable segments 19,439.69 revenues. The banks revenue from single customer
doesn’t exceed 10% of total revenue.
Other revenues 480.48
5.5 Share options and share based payment
Elimination of intersegment revenues -
Banks net revenue from reportable A share-based payment is a transaction in which
19,920.17 the bank receives goods or services either as
segments
consideration for its equity instruments or by
(b) Profit or Loss Amount in Mn. incurring liabilities for amounts based on the price of
the entity's shares or other equity instruments of the
Total profit or loss for reportable segments 7,476.09
entity. The bank does not have any share option and
Other profit or loss - share based payment as on reporting date.
Elimination of intersegment profits - 5.6 Contingent liabilities and commitment
Unallocated amounts: 2,284.82 5.6.1 Contingent Liabilities:
Other operating expenses 1,239.84 Where the Bank undertakes to make a payment on
Profit before tax 3,951.43 behalf of its customers for guarantees issued, such
as for performance bonds or as irrevocable letters
(c) Assets Amount in Mn. of credit as part of the Bank’s transaction banking
Total assets for reportable segments 210,338.91 business for which an obligation to make a payment
has not arisen at the reporting date, those are
Other assets -
included in these financial statements as contingent
Unallocated amounts 22.99 liabilities.
Entity's assets 210,361.90 Other contingent liabilities primarily include
revocable letters of credit and bonds issued on
(d) Liabilities Amount in Mn. behalf of customers to customs, for bids or offers.
Total liabilities for reportable 180,791.55 5.6.2 Commitments:
segments
Here the Bank has confirmed its intention to provide
Other Liabilities -
funds to a customer or on behalf of a customer in the
Unallocated liabilities 2,564.64 form of loans, overdrafts, future guarantees, whether
Entity's liabilities 183,356.19 cancellable or not, or letters of credit and the Bank
has not made payments at the reporting date, those
(e) Information about product and services
instruments are included in these financial statement
The bank’s Revenue is basically derived from 3 as commitments.
major segments as defined by management as
Refer Note No. 4.28.1 to 4.28.4 for the detail of
mentioned below:
contingent liabilities and commitments as at 32nd
Amount in Mn.
Ashadh 2079.
Revenue 19,920.17
5.6.3 Litigations:
Banking Operation 17,750.25
Litigations are anticipated in the context of business
Treasury 1,495.03
operations due to the nature of the transactions
Cards 194.41 involved. The Bank is involved in various such legal
Other services 480.48 actions and the controls have been established
to deal with such legal claims. There are pending
(f) Information about geographical areas litigations existing as at the end of the reporting
period against the Large Taxpayers Office, resulting
Revenue from following geographical areas is as through normal business operations.
follows: The details of litigations are presented in 4.28.5.
Amount in Mn.
5.7 Related parties’ disclosures
Geographical Areas Amount
The related parties of the bank as per the definition of
Domestic 19,880.99
NAS 24 “Related Party Disclosures” are as follows:
Province 1 2,495.62
5.7.1 Associate Companies
Province 2 588.56
S. No. Particulars Bank’s
Province 3 13,597.85
holding
Province 4 1,941.01 Mero Mirco-finance Bittiya Sanstha
1 7%
Province 5 1,092.28 Limited
Province 6 25.81 Swabhimaan Laghubitta Bittiya
2 14.55%
Province 7 139.86 Sanstha Limited
Foreign 39.17 Investments in Associates have been reported in

Total 19,920.17 the statement of financial position as investment in
Associate and the Bank’s incomes received from
the associates have been reported in the income
82
statement. The existence of significant influence is 5.8 Merger and acquisition
evidenced as there is representation of the bank’s
KMP on the board. The Bank’s General Manager The bank has not entered into any merger and
Mr. Sanjeev Manandhar is Chairman of Mero acquisitions deal during the reporting period.
Microfinance Bittiya Sansthan Limited and Deputy 5.9 Additional Disclosures of
Manager Mr. Krishna Prasad Aryal is board director non-consolidated entities
in Swabhimaan Laghubitta Sanstha Limited.
5.9.1 Investment in Associates and Joint
5.7.2 Key Managerial Personnel Ventures
The key management personnel (KMP) are those Associates are those entities in which the Bank has
persons having authority and responsibility of significant influence, but not control over the financial
planning, directing and controlling the activities of the and operating policies. Investments in associate
entity, directly or indirectly including any directors. entities are accounted for using the equity method
Key Management Personnel of the Bank include (equity-accounted investees) and are recognized
members of the Board, Chief Executive Officer and initially at cost. The cost of the investment includes
top level executive managers. Followings are a list transaction costs.
of KMP as at 32nd Ashadh 2079.
As per NAS 28 para 44 An investment in an associate
S. No. Key Management Personnel Relation
or a joint venture shall be accounted for in the
1 Mr. Rajendra Das Shrestha Chairman entity’s separate financial statements in accordance
2 Mr. Udaya Mohan Shrestha Director with para 10 of NAS 27 which states that when an
3 Mr. Narendra Bajracharya Director
entity prepares separate financial statement, it shall
account for investments in subsidiaries, joint venture
4 Mr. Gajendra Bista Director
and associates either:
5 Mr. Prachanda Man Shrestha Director • At cost or
6 Mr. Manoj Paudel Director • In accordance with NFRS 9
7 Mr. Narayan Das Manandhar CEO Investment in Mero Micro Finance Bittiya Sanstha
8 Mr. Sanjeev Manandhar General Manager Ltd and Swabhimaan Laghubitta Bittiya Sanstha
9 Mr. Amrit Charan Shrestha General Manager Limited are shown in investment in associated due
to significance influence and accounted at Cost as
5.7.3 Compensation to Board of Directors and per NAS 27 para 10. The bank does not have any
Key Management Personnel Joint venture.
All members of the Board are paid meeting fees 5.10 Events after reporting period
and monthly allowances. Specific non-executive
allowances paid to directors during FY 2078/79 are Bank monitors and assesses events that may have
as under: potential impact to qualify as adjusting and/or non-
adjusting events after the end of the reporting period.
Particulars Amount in NPR All adjusting events are adjusted in the books with
Board Meeting Fee 3,030,000 additional disclosures and non-adjusting material
Other Expenses 1,696,302 events are disclosed in the notes with possible
financial impact, to the extent ascertainable.
Total 4,726,302
Non adjusting Event-Disclosure
Total financial benefit provided to Key Management There are no material non adjusting events that
Personnel ie. Chief Executive Officer, General have occurred subsequent to 32nd Ashadh 2079 till
Manager and Deputy General Managers of the bank the signing of this financial statement.
during FY 2078/79 are presented below:
Adjusting Event
S. No. Particulars Amount
There were no other material events after Balance
1 Short term employee 51,761,470 Sheet date affecting financial status of the Bank.
benefit
5.11 Disclosure effect of transition from
2 Post-employment Defined contribution
previous GAAP to NFRSs
benefit* plan and benefit plan
3 Other long term - The bank has already adopted NFRSs in mid July
employee benefit 2018. Hence, the disclosure effect of transition from
Previous GAAP to NFRSs is not applicable in this
4 Termination benefits - reporting period.
5 Share based payment -
5.12 Other Disclosures
5.12.1 Adjustment on loan Impairment
*Post-Employment benefit comprises defined
contribution plan and defined benefit plan. Under In compliance with the NRB Directives and
defined contribution plan Provident fund is provided subsequent amendment there to, specific loan loss
at 10% of basic salary. Defined benefit plan includes provision was made based on the arrears time period
gratuity and accumulated leave encashment which is and General provision were made at a specified rate
provisioned as per actuarial valuation or prescribed directed by NRB time to time. Thus, total provision
as per Employee Bylaw of the bank. Gratuity fund is under Pass Loan as per NRB Directive No. 2 is
deposited in independent planned assets. categorized as Collective Impairment and remaining
Further, all the key management personnel are are categorized as Individual Impairment.
provided with vehicle facility and mobile facility as
per the staff rule of the Bank.
83
S. N. Particulars Current Year Previous Year
i Loan and Advances at Amortized Cost 158,205,635,880 144,720,686,617

ii Impairment as per NFRS 39 375,984,121 455,628,139
iii LLP as per NRB Directive No 2 4,478,973,708 3,239,137,304
iv Higher of the above (ii & iii) 4,478,973,708 3,239,137,304
Charge to P/L 1,239,836,403 769,296,125
5.12.2 Financial Assets measured at fair value through OCI

The Bank has invested in the financial assets measured at fair value through OCI. Such investment includes equity
investments and Mutual Funds. The valuation of Promoter share whose transactions are not active in the market,
Net worth per Share or Net Assets Value is assumed to be fair value.
The difference between instruments Fair Value and Carrying Amount has been recognized in Fair Value Reserve
and movement is charged to Other Comprehensive Income.
Particulars Cost Price Market Value Movement
Investment in Listed Equity 81,493,777 353,875,766 272,381,989

Investment in Unlisted Equity 25,683,800 67,168,795 41,484,995
Investment in Mutual Funds 214,141,824 228,638,517 14,496,693
Total 321,319,401 649,683,077 328,363,677
Less: Previous Year's Reserve 281,489,208
Gain from Investment measured at Fair Value through OCI 46,874,469
5.12.3 Interest Income

As per NAS 18 para 20 Revenue is recognized to the extent that it is probable that the economic benefits will flow to
Bank and the revenue can be reliably measured. The cash interest income and AIR having overdue date less than
365 days are recognized as Interest Income. Similarly, the bank has complied with the Guideline issued by NRB
“Guideline on Recognition of Interest Income, 2019” which was effective from 2018/2019.
Particulars FY 2078-79 FY 2077-78
Total AIR on Ashadh end 2,622,078,012 1,349,776,764

Interest recovered as per NRB Directive 4(3)(ka)(a) till 15th Shrawan 2079 901,542,117 292,398,479
Remaining AIR 1,720,535,895 1,057,378,285
AIR calculated but suspended to recognize in Interest Income 282,574,204 229,516,357
AIR recognized as income 1,437,961,690 827,861,928
Income recognized to P/L 610,099,762 72,295,500
Accrued Interest Outstanding as on Ashadh end 2079 which have been recovered from 1st Shrawan to 15th
Shrawan 2079 amounting to NPR 901,542,117 has been recognized as interest income by the bank in FY 2078-
79. The Amount of NPR 610,099,762 has been recognized as Income in Statement of Profit and Loss and duly
transferred to Regulatory Reserve after deducting Employee Bonus and applicable taxes.
5.12.4 Lease is initially measured at cost at the amount of the

lease liability plus any initial direct costs incurred
NFRS 16: Leases has come into force on 1 Shrawan
by the lessee and depreciated using the straight
2078 BS (corresponding to 16 July 2021 AD), as
line methods from the commencement date (from
adopted by the Institute of Chartered Accountants of
1 Shrawan 2078 BS corresponding to 16 July 2021
Nepal (ICAN). As Nepalese Bank, the Bank applied
AD) to the earlier of the end of the useful life of the
NFRS 16 Lease for Operating Lease Contracts
right of use asset or the end of the lease term.
from being effective from 1 Shrawan 2078 BS
(corresponding to 16 July 2021 AD) in its financial Lease Liability
statements where the Bank measured the lease
At the commencement date of lease, the bank
liability at the present value of the remaining lease
recognizes lease liabilities measured at the present
payments, discounted it using the bank’s incremental
value of the lease payments to be made over the
borrowing rate at the date of initial application, and
lease term using incremental borrowing rate at the
recognized a right-of-use asset at the date of initial
date of initial application. Lease liability is measured
application on a lease by lease basis.
by increasing the carrying amount to reflect interest
Right-of-use assets (ROU) on the lease liability, reducing the carrying amount to
reflect the lease payments.
The Bank recognizes right-of-use assets at the date
of initial application of NFRS 16. The ROU asset
84
Discount Rate
At Initial Recognition, the lease liability is measured at present value of remaining lease payments discounted at
incremental borrowing interest rate at 8%.
Short-term lease and leases of low value assets
The Bank has considered lease payment NPR 166,442.80 for lease of space for branch for the period less than 12
months as short term leases for consideration. The Bank recognizes lease payments associated with these lease
as an expense.
The impact of the new standard on lessees’ financial statements are:
• An increase in recognized assets and liabilities;
• More lease expenses recognized in early periods of lease, and less in the later periods of a lease;
• A shift in lease expense classification from rental expenses to interest expense and depreciation
The detail of Right of Use (ROU) Assets is as follows:
Right Of Use (ROU) Assets Amount
Cost
Opening Balance -
Addition (Initial Recognition) 1,065,874,007
Disposal (6,556,759)
Closing ROU at Cost 1,059,317,248
Accumulated Depreciation
Opening -
Depreciation 147,093,575
Disposal (6,556,759)
Closing Accumulated Depreciation 140,536,816
Closing WDV (ROU) 918,780,432
The Right of Use (ROU) Assets has been shown as Property Plant and Equipment and further disclosed at Notes
4.13.
The detail of lease liability is as follows:
Lease Liability Amount
Opening Lease Liability -

Addition (Initial Recognition) 1,107,253,126
Finance Cost 76,156,684
Payment (175,909,434)
Closing Lease Liability 1,007,500,376
Current Portion 171,815,970
Non-Current Portion 835,684,406
Total Lease Liability 1,007,500,376
Due to application of NRFS 16 Lease for Operating Lease Contracts, Depreciation on Right of Use (ROU) Assets
NPR 147,093,575 has charged as Depreciation and Finance Cost on Lease Liability NPR 76,156,684 as Interest
Expenses (Other Charges of Note 4.30) in Profit and Loss Account instead of charging rental expense NPR
175,909,434 as per previous NAS 17 Lease, resulting decrease in Operating Profit by NPR 47,340,825 current FY
2078-79 as follows:
Particular Amount
Increase in Interest Expense 76,156,684

Decrease in Other Operating Expenses 175,909,434
Increase in Depreciation and Amortization 147,093,575
Decrease in Operating Profit 47,340,825
85
5.12.5 Business Combination
The Bank had acquired then Kailash Bikas Bank Limited and then Kankai Bikas Bank Limited and applied the
explanatory notes issued by ICAN.
Goodwill recognized in connection with acquisition
Kailash Bikas Bank Kankai Bikas Bank
Particulars
Ltd. Acquisition Ltd. Acquisition
No of Equity Instrument of Acquiree 29,239,378 5,150,000
No of Equity Instrument issued 27,485,015 3,682,250
Computation of Goodwill
A. Consideration Transferred by Acquirer
(No of equity instrument issued *Fair Value of Equity Instrument of Acquirer as at
4,874,467,467 652,789,280
acquisition date)
B. Less Business Value of Acquiree
(No of Equity Instrument of Acquiree * Fair Value of equity instrument of acquiree as at
4,568,360,418 599,151,000
acquisition date)
C. Goodwill (A-B) 306,107,048 53,638,280
The amount of Goodwill as arrived in (C.) above will be carried over to the books. Resulting difference at the date
of acquisition after recognition of face value of equity instruments issued has recognized as other components of
equity and duly transferred to Regulatory Reserve.
Kailash Bikas bank Kankai Bikas Bank
Particulars
Dr. Identifiable Net Assets at Fair value 2,923,937,800 515,000,000
Dr. Goodwill(as calculated above) 306,107,049 53,638,280
Cr. Share Capital 2,748,501,532 368,225,000
(No of Equity Instrument Issued * Face Value of equity Instrument)
Cr. Other Component of Equity(Balancing Figure) 481,543,316 200,413,280
Goodwill recognized of NPR. 306,107,049 and NPR. 53,638,280 is trasferred to Regulatory Reserve from Other
Component of Equity.
Distribution of Swap Ratio Difference

Kailash Bikas bank Kankai Bikas Bank
Particulars
Dr. Other Component of Equity 175,436,268 146,775,000
Cr. Share Capital 175,436,268 146,775,000
Restatement of Financial Statement due to Acquisition

2077-78
Particulars 2077-78 Remarks
Restated
Assets
Cash and Cash Equivalents 7,864,971,018 7,864,971,018 -
Due from Nepal Rastra Bank 10,497,986,812 10,497,986,812 -
Placement with Bank and Financial Institutions 4,766,883,849 4,766,883,849 -
Derivative Financial Instruments - - -
Other Trading Assets - - -
Loans and Advances to B/FIs 6,097,765,504 6,097,765,504 -
Loans and Advances to Customers 135,383,783,808 135,383,783,808 -
Investment Securities 23,426,854,321 23,426,854,321 -
Current Tax Assets 288,058,641 288,058,641 -
Investment in Subsidiaries - - -
Investment in Associates 46,023,000 46,023,000 -
Investment Property 365,775,958 365,775,958 -
Property and Equipment 1,048,084,951 1,048,084,951 -
Goodwill of Rs 359,745,328 due
Goodwill and Intangible Assets 22,773,971 382,519,299
to Acquisition
Deferred Tax Assets 34,938,030 34,938,030 -
Other Assets 693,318,870 693,318,870 -
Total Assets 190,537,218,732 190,896,964,060
86
2077-78
Particulars 2077-78 Remarks
Restated
Liabilities
Due to Bank and Financial Institutions 6,042,373,556 6,042,373,556 -
Due to Nepal Rastra Bank 2,360,808,929 2,360,808,929 -
Derivative Financial Instruments - - -
Deposits from Customers 154,139,514,074 154,139,514,074 -
Borrowing - - -
Current Tax Liabilities - - -
Provisions - - -
Deferred Tax Liabilities - - -
Other Liabilities 1,612,039,976 1,612,039,976 -
Debt Securities Issued 2,440,968,911 2,440,968,911 -
Subordinated Liabilities - - -
Equity
Share Capital 16,083,036,900 16,083,036,900 -
Share Premium - - -
Retained Earnings 2,719,161,524 2,719,161,524 -
Reserves 5,139,314,861 5,499,060,190 Adjustment of NPR 359,745,328
Goodwill due to acquisition
Total Equity 23,941,513,286 24,301,258,614
Impairment Test of Goodwill Currency is to be created. The bank has transferred

The goodwill resulting from a business combination NPR 481,102 as Exchange Equalization Reserve
is tested for impairment in accordance with the from its Retained Earnings in current year.
provision of NAS 36 Impairment of Assets. During the
C) Corporate Social Responsibility Reserve
years ended July 16, 2022, the bank did not record
any significant impairment charges with respect to As per NRB Directive 6/077, clause (16), 1% of
goodwill. Net Profit of the year is required to be created as
Corporate Social Responsibility (CSR) Fund. Balance
5.12.6 Transfers in Regulatory Reserve in this fund will be reclassified to Retained Earnings
As per the NRB Directive no 4 clause 3(kha)(ka), after the expenses are incurred in the subsequent
the bank has deducted its retained earnings and years. The movement of the fund is shown as per
transferred to regulatory reserve for Accrued Interest below
Receivables and Loan loss provision on Non- Previous
Banking Assets after deduction of Employee bonus Particulars Current Year
Year
and applicable taxes.
Total Opening Fund 33,819,226 25,087,849
5.12.7 Statutory Reserves and Funds Add: Adjustments 400 -
The reserves of the Bank include statutory reserves Total Opening Fund 33,819,626 25,087,849
and funds set aside for specific purpose as per Less: Expenses in current year (9,736,286) (23,952,630)
Banks and Financial Institutions Act, 2017 and NRB
Fund created during the year 27,873,363 32,684,007
Directives. The various reserves and funds are as
below: Remaining Fund 51,956,704 33,819,226
D) Employee Training and Development Reserve

A) General Reserve
The Bank is required to incur expenses towards
As per Section 44 of Bank and Financial Institution
employee training and development at least 3% of
Act 2017, 20% of net profit is to be added in the
the preceding year’s salary and allowance expenses.
general reserve fund of the bank. During this year
Any shortfall amount in meeting this mandatory
the bank has transferred NPR 557,467,269 from its
expense requirement in the current year will have to
Retained Earnings to General Reserve Fund.
be transferred to this reserve fund debiting retained
B) Exchange Equalization Reserve earnings and the amount shall accumulate in the fund
available for related expenses in the subsequent
As per Section 45 of Bank and Financial Institution year. Balance in this fund is directly reclassified
Act 2017, the reserve of 25% of the foreign exchange to retained earnings in the subsequent year to the
gain realized on the translation of foreign currency to extent of expenses made for employees training
reporting currency during the year, other than Indian related activities.
87
Total Opening Fund 3,952,605 3,952,605

Fund created during the year 15,405,820 -
Remaining Fund 19,358,425 3,952,605
E) Investment Adjustment Reserve

Investment Adjustment Reserve is to be created as per the regulatory requirement of NRB Directive no 8. During
the year there was no such provision to be made.
Particulars Amount
Prabhu Capital Ltd. Promoter Share 1,500,000

Annapurna Developers 2,000,000
Total Opening Balance 3,500,000
Add: During the period -
Total Fund 3,500,000
F) Fair Value Reserve

During this year, fair value gain of NPR 46,874,469 has been recognized where by net amount of NPR 32,812,128
has been transferred to reserve from Retained Earnings.
G) Actuarial Gain/Loss
During this year, actuarial loss of NPR 20,238,130 has been recognized in Other Comprehensive Income and
transferred net amount to Reserve of NPR 14,166,691 from Retained Earnings.
Particulars Previous Year FY 2078-79 Total
Cumulative Actuary (Gain)/Loss (33,741,030) 20,238,130 (13,502,900)

Net of Tax (23,618,721) 14,166,691 9,452,030
H) Debenture Redemption Reserve

During this year, the bank has issued Subordinated Debt as “10% Prime Debenture 2088” of NPR 1,741,884,000
and 10.15% Prime Debenture 2084 of NPR 5,000,000,000. The bank has not created debenture redemption
reserve as per the NRB Directive 2078/16/5/2(kha) where the bank has opted to issue the debenture as Resource
mobilization purpose.
Subscribed
S. No. Particular Term in Years Issued Date Maturity Date
amount in NPR
1 8.75% Debenture 2085 8 2077/12/26 2085/12/25 2,447,963,000
2 10 % Debenture 2088 10 2079/01/13 2089/01/12 1,741,884,000
3 10.15% Debenture 2084 5 2079/03/23 2084/03/22 5,000,000,000
88
I) Regulatory Reserve
The details of regulatory reserve as on Ashadh 2079 is shown in below mentioned table
Short
Interest Deferred Regulatory
Particular Provision on Others
Receivable Tax Assets Reserve
NBA
FY 2076-77 544,863,330 318,534,161 11,946,088 - 875,343,578
Transfer to Regulatory Reserve
Against Deferred Tax - - 22,991,943 - 22,991,943
Against Interest Receivable 45,546,165 - - - 45,546,165
Against Goodwill from acquisition - - - 359,745,328 359,745,328
Transfer from Regulatory Reserve
Against NBA - (82,349,834) - - (82,349,834)
Balance at Ashadh 31, 2078 590,409,495 236,184,326 34,938,030 359,745,328 1,221,277,179
Transfer to Regulatory Reserve
Against NBA - 97,598,053 - - 97,598,053
Against Deferred Tax - - 88,229,672 - 88,229,672
Against Actuary Loss Reserve - - - - -
Against Interest Receivable 315,506,370 - - - 315,506,370
Balance at Ashadh 32, 2079 905,915,865 333,782,379 123,167,702 359,745,328 1,722,611,274
5.12.8 COVID Impact during the year

A several waves of COVID-19 has been hit hard and affected loan recovery resulting delinquent loan account in
large scale. Beyond the obvious health concerns the spread of corona virus presents major challenges for many
of the borrowers have faced several hardships to meet the loan commitment of the bank. Central bank has also
assisted the stabilization of the financial market by issuing several circulars/directives for providing relaxation to
the borrowers such as lower interest rate, working capital funding and etc. The bank has complied with the notices,
circulars and directives of Nepal Rastra Bank to mitigate the COVID impact in the economy.
(a) Status of NRB Forbearance COVID Related
As of Ashadh End 2079
Particulars
No of Customers Amount
Enhancement of Working Capital Loan by 20% (Unified Directive 2078/2/36/6) 180 417,853,785
Extension for repayment of Principal and Interest up to one year (Restaurant,
469 2,794,414,847
Party palace, etc.) (Unified Directive 2078/2/44/4)
Extension for repayment of Principal and Interest up to two years (Hotels,
81 2,410,927,676
Travels, Trekking, etc.) (Unified Directive 2078/2/44/5)
Extension of moratorium period (Unified Directive 2078/2/7/kha) 1 53,366,636
Extension of repayment by reducing installment (Unified Directive 2078/2/46) 714 7,274,691,542
Restructured/Rescheduled Loan with 5% LLP (Unified Directive 2078/2/8/4) 1,162 2,259,349,120
TOTAL 2,607 15,210,603,607
(b) Refinance and Business Continuity Loan as on Ashadh 2079

Particulars Count Approved amount Disbursed amount
Refinance Loan 365 3,056,140,870 3,056,140,870
Business Continuity Loan - - -
(c) Subsidized Loan as on Ashadh 2079

Total Outstanding
Particulars No. of Total Loan Approved Credit
Amount
Subsidized Loan 4,348 11,695,749,419 10,091,842,157
5.12.9 Proposed Dividend

The Board of Directors has proposed dividend of 8.95% (4% Bonus Share NPR 746,252,912.00 and 4.95%
cash dividend NPR 923,487,979.00) on the existing paid up capital NPR 18,656,322,804 of the bank amounting
NPR 1,669,740,891.00 to all the shareholders vide 456th Board Meeting date 15th December 2022 which shall be
approved by the upcoming Annual General Meeting. The dividend shall be distributed to the shareholders as on
book close date. Upon approval from AGM the paid up capital of the bank will reach to NPR 19,402,575,716.
89
List of shareholders holding 0.5% and above shares
Total
S. No. Name Percentage
Shareholding
1 Umesh Shrestha 5,050,483 2.71
2 Nirmal Pradhan 2,711,847 1.45
3 Vinod Chandra Varal 2,561,472 1.37
4 Krishna Puri 1,920,282 1.03
5 Bikram Pandey 1,615,374 0.87
6 Sushila Mittal 1,357,223 0.73
7 Sweta Maskey Shrestha 1,322,498 0.71
8 Sundar Narayan Joshi 1,322,485 0.71
9 Shailaja Bajracharya 1,309,268 0.70
10 Shyam Bahadur Shrestha 1,309,267 0.70
11 Narendra Bajracharya 1,269,597 0.68
12 Manohar Das Mool 1,256,367 0.67
13 Sanendra Bajracharya 1,256,366 0.67
14 Anjalee Pradhan 1,256,075 0.67
15 Mahesh Raj Karnikar 1,038,386 0.56
16 Tejendra Man Malla 1,015,173 0.54
17 Naresh Lal Shrestha 991,387 0.53
18 Mahendra Ratna Shakya 963,823 0.52
19 Rajesh Shrestha 960,971 0.52
20 Santosh Narayan Shrestha 935,790 0.50
90
List of Promoter Share Pledged
Free Free
S. Held Pledged S. Held Pledged
Promoter's name Balance Promoter's name Balance
No. Shares Shares No. Shares Shares
Share Share
1 Srijana Pandey 48,314 35,903 12,411 48 Anil Shrestha 72,489 62,487 10,002
2 Kamala Shrestha 416,603 416,603 - 49 Durga Prasai 127,218 127,218 -
3 Laxman Thapa 96,651 58,352 38,299 50 Hari Bimali 169,415 146,048 23,367
4 Birendra Bajracharya 372,269 23,099 349,170 51 Narayan Paudel 352,986 304,299 48,687
5 Bijay Rajbhandari 161,351 63,643 97,708 52 Madhav Parajuli 94,115 32,800 61,315
6 Pramila Pandey 193,303 193,303 - 53 Man Budhathoki 209,866 55,965 153,901
7 Rajuram Silawal 144,981 26,969 118,012 54 Ratnakaji Maharjan 96,651 83,320 13,331
8 Basant Karanjit 11,438 7,000 4,438 55 Prakash Karki 18,267 15,748 2,519
9 Saroj Pandey 96,651 83,320 13,331 56 Surya Sahu Teli 45,665 39,367 6,298
10 Ang Sherpa 379,767 240,000 139,767 57 Mukti Bhattarai 200,586 149,068 51,518
11 Sunil Shrestha 96,657 96,657 - 58 Krishna Adhikari 12,801 11,035 1,766
12 Dinesh Shrestha 96,631 86,631 10,000 59 Indra Shrestha 27,592 27,592 -
13 Janak Shrestha 11,438 8,575 2,863 60 Guna Adhikari 114,161 85,579 28,582
14 Malati Bajracharya 83,324 25,426 57,898 61 Sunita Shrestha 166,955 128,773 38,182
15 Sanendra Bajracharya 918,203 917,554 649 62 Ramesh Agrawal 85,531 62,000 23,531
16 Subash Shrestha 36,719 36,719 - 63 Kalpana Joshi 4,013 3,460 553
17 Roshan Shrestha 22,735 22,735 - 64 Jayandra Chudal 154,971 133,060 21,911
18 Kalpana Nepal 4,013 388 3,625 65 Dinesh Shrestha 96,650 83,319 13,331
19 Rajan Pokharel 45,665 39,367 6,298 66 Hem Sharma 8,031 5,969 2,062
20 Usha Bhusal 10,688 10,688 - 67 Jyoti Bastola 4,013 3,460 553
21 Basanta Paudel 84,481 72,829 11,652 68 Hari Baral 678,268 450,608 227,660
22 Ganesh Shrestha 11,465 9,884 1,581 69 Laxman Bhandari 27,050 27,050 -
23 Sabita Agrawal 152,113 84,527 67,586 70 Sumit Shrestha 117,171 101,010 16,161
24 Uma Shah 34,878 29,737 5,141 71 Sulochana Shrestha 122,813 100,000 22,813
25 Govinda Gadtaula 2,320 2,000 320 72 Rajani Baidhya Pradhan 13,390 11,670 1,720
26 Deepak Shrestha 124,420 92,459 31,961 73 Navin Baidya 5,331 5,331 -
27 Chandra Tuladhar 69,026 69,026 - 74 Rajesh Shrestha 944,571 944,286 285
28 Dipak Tuladhar 88,164 74,623 13,541 75 Pramila Maharjan 103,690 103,690 -
29 Bhupendra Pradhan 362,532 248,400 114,132 76 Kumar Khatri Poudel 96,651 83,320 13,331
30 Sony Pradhan 241,626 208,298 33,328 77 Min Shrestha 296,672 253,624 43,048
31 Rupak Pradhan 96,651 83,320 13,331 78 Rajani Pradhan 99,198 99,198 -
32 Fadindra Acharya 26,628 22,955 3,673 79 Anil Sharma 160,119 138,000 22,119
33 Suresh Vaidya 183,261 183,261 - 80 Navin Vaidya 72,879 72,879 -
34 Ananda Shrestha 96,651 83,320 13,331 81 Manoj Shrestha 71,033 61,233 9,800
35 Purushottam Manandhar 150,088 60,000 90,088 82 Jayendra Shrestha 338,279 338,279 -
36 Thakur Paudel 48,315 41,651 6,664 83 Rojena Shrestha (Shaha) 338,279 318,279 20,000
37 Kiran Ghimire 2,403 2,007 396 Janani Pradhan

84 210,095 210,095 -
(Shrestha)
38 Bandana Thapaliya 241,629 24,767 216,862
85 Raj Rai 36,654 31,599 5,055
39 Usha Thapa Silwal 241,629 156,148 85,481
86 Lila Baniya 95,821 82,605 13,216
40 Satish Shrestha 96,651 71,828 24,823
87 Khushboo Shrestha 338,281 291,618 46,663
41 Jip Lama 483,260 416,604 66,656
88 Tejendra Malla 993,668 450,000 543,668
42 Bidya Shakya 96,651 67,000 29,651
89 Kamal Shrestha 40,600 30,000 10,600
43 Chanda Shahi Khadgi 193,303 166,641 26,662 Captive Investment
90 212,517 183,205 29,312
44 Dipak Sigdel 36,585 31,539 5,046 Company Pvt.Ltd .
91 Sushma Rathi 115,880 43,000 72,880
45 Raju Shrestha 913,541 913,541 -
92 Adya Subedi 24,521 24,521 -
46 Gopal Agrawal 55,836 48,135 7,701
93 Gita Subedi 94,616 81,566 13,050
47 Subash Bhattarai 323,830 275,752 48,078
94 Ritesh Agarwal (Saraf) 309,376 90,000 219,376
91
Free Free
S. Held Pledged S. Held Pledged
Promoter's name Balance Promoter's name Balance
No. Shares Shares No. Shares Shares
Share Share
95 Tej Prasai 17,016 17,016 - 126 Pramod Agrawal 68,797 68,797 -
96 Madan Shrestha 109,520 40,020 69,500 127 Sharad Chenka 712,511 539,511 173,000
97 Kishor Thapa 8,447 7,282 1,165 128 Gyanendra Manandhar 48,315 41,644 6,671
98 Jagan Gurung 96,651 96,651 - 129 Uddhav Rijal 82,652 71,252 11,400
99 Ashok Baidya 96,651 83,319 13,332 130 Shambhu Sah 4,014 3,461 553
100 Jeewan Agrawal 96,647 77,792 18,855 131 Bidhya Sharma Luitel 39,314 39,314 -
101 Hemanta Nahata 111,405 96,039 15,366 132 Uma Baral 36,587 27,427 9,160
102 Vikas Dugar 614,505 614,505 - 133 Vinod Varal 1,935,523 800,000 1,135,523
103 Vinay Todi 83,681 72,139 11,542 134 Shiva Sharma 38,285 33,005 5,280
104 Anita Saunthalia 227,194 146,740 80,454 135 Ram Thapa 177,659 130,659 47,000
105 Suresh Kumar Agrawal 201,149 170,285 30,864 136 Devendra Joshi 36,587 31,349 5,238
106 Sabita Agrawal 19,776 16,057 3,719 137 Bayan Godar 28,105 24,227 3,878
107 Keshab Basnet 15,685 13,517 2,168 138 Premlal Shrestha 42,039 42,039 -
108 Sudhir Kumar Palanchoke 4,013 3,460 553 139 Ram Koirala 36,587 31,541 5,046
109 Basanta Pant 9,922 8,553 1,369 140 Bhogendra Gurung 38,282 38,282 -
110 Surya Subedi 96,904 83,538 13,366 141 Damu Adhikari 18,290 15,761 2,529
111 Chandra Saud 119,660 119,660 - 142 Arjun Shrestha 54,727 54,679 48
Parshuram Kunwar 143 Mahesh Basnet 4,049 2,901 1,148
112 273,667 235,920 37,747
Chhetri
144 Ganesh Sharma 36,585 29,601 6,984
113 Ram Shrestha 64,573 64,498 75
145 Bishnu Subedi 143,866 1,289 142,577
114 Sushil Ojha 26,757 13,617 13,140
146 Gandhi Pandit 39,495 29,607 9,888
115 Roshan Shrestha 118,473 118,473 -
147 Bharat Thapa 96,556 83,238 13,318
116 Subash Shrestha 638,697 550,601 88,096
148 Rajesh Shrestha 32,962 24,496 8,466
117 Sunil Parajuli 41,053 41,053 -
149 Bijaya Sainju 48,320 41,656 6,664
118 Ganesh Shrestha 10,250 8,837 1,413
150 Anju Sharma 341,733 294,598 47,135
119 Diwas Rai 77,121 65,288 11,833
151 Nabin Gauli 24,618 24,618 -
120 Suraj Sangachhe 96,651 83,320 13,331
152 Anjalee Pradhan 905,537 905,537 -
121 Chudamani Chaulagain 122,356 105,480 16,876
153 Krishna Pradhan 56,626 56,626 -
122 Satish Chand Shrestha 189,847 189,847 -
154 Shyam Shrestha 956,866 585,000 371,866
123 Rameshor Shrestha 48,315 41,651 6,664
155 Sumir Rimal 96,655 72,456 24,199
124 Dharma Balla 273,668 205,149 68,519
156 Roshan Shrestha 698,846 698,846 -
125 Arjun Joshi 96,651 83,320 13,331
92
Statement of Financial Position
Interim Financial Results (Quarterly)
As on 32 Ashadh 2079 (July 16, 2022)
Immediate Previous
Particulars This Quarter Ending
Year audited
Assets
Cash and Cash Equivalents 11,620,911,866 7,864,971,018
Due from Nepal Rastra Bank 8,860,332,435 10,497,986,812
Placement with Bank and Financial Institutions 144,901,159 4,766,883,849
Derivative Financial Instruments - -
Loans and Advances to B/FIs 6,672,760,600 6,097,765,504
Loans and Advances to Customers 148,166,954,677 135,383,783,808
Investment Securities 31,402,844,583 23,426,854,321
Current Tax Assets 270,548,065 288,058,641
Investment in Subsidiaries - -
Investment in Associates 46,023,000 46,023,000
Investment Property 536,542,044 365,775,958
Property and Equipment 1,053,917,325 1,048,084,951
Goodwill and Intangible Assets 19,794,501 22,773,971
Deferred Tax Assets 94,806,436 34,938,030
Other Assets 845,575,292 693,318,870
Total Assets 209,735,911,984 190,537,218,732
Liabilities - -
Due to Bank and Financial Institutions 6,096,829,391 6,042,373,556
Due to Nepal Rastra Bank 4,556,140,870 2,360,808,929
Derivative Financial Instruments - -
Deposits from Customers 160,203,350,799 154,139,514,074
Borrowing - -
Current Tax Liabilities - -
Provisions - -
Deferred Tax Liabilities - -
Other Liabilities 2,180,045,807 1,612,039,976
Debt Securities Issued 9,145,519,492 2,440,968,911
Subordinated Liabilities - -
Equity
Share Capital 18,656,322,804 16,083,036,900
Share Premium - -
Retained Earnings 2,390,747,434 2,719,161,525
Reserves 6,506,955,386 5,139,314,861
Total Equity 27,554,025,624 23,941,513,286
Contingent Liabilities and Commitments - -
Net Assets Value per share 147.69 148.86
93
Statement of Profit and Loss
Current Year Previous Year Corresponding
Particulars Up to This Up to This
This Quarter This Quarter
Quarter (YTD) Quarter (YTD)
Interest Income 5,391,175,792 18,516,923,982 3,737,420,278 14,009,655,970
Interest Expense 3,546,875,421 12,037,486,695 2,194,950,928 8,060,765,419
Net Interest Income 1,844,300,371 6,479,437,287 1,542,469,350 5,948,890,550
Fee and Commission Income 220,016,491 1,155,641,903 314,047,359 1,408,058,182
Fee and Commission Expense 55,224,612 142,548,201 46,964,310 105,269,669
Net Fee and Commission Income 164,791,879 1,013,093,702 267,083,050 1,302,788,513
Net Interest, Fee and Commission Income 2,009,092,250 7,492,530,989 1,809,552,400 7,251,679,063
Net Trading Income 45,512,969 231,163,380 104,142,076 321,266,753
Other Operating Income 37,465,206 234,742,619 91,134,993 269,718,604
Total Operating Income 2,092,070,425 7,958,436,988 2,004,829,468 7,842,664,420
Impairment Charge/ (Reversal) for Loans and Other 88,110,688 188,282,704 702,608,438 769,296,125
Losses
Net Operating Income 2,003,959,736 7,770,154,284 1,302,221,030 7,073,368,295
Operating Expense
Personnel Expenses 434,224,317 1,704,954,668 406,541,222 1,591,342,525
Other Operating Expenses 185,596,394 644,985,803 196,282,258 612,310,804
Depreciation & Amortization 47,067,685 183,256,967 48,020,093 184,381,124
Operating Profit 1,337,071,340 5,236,956,846 651,377,457 4,685,333,842
Non-Operating Income - - - -
Non-Operating Expense - - - -
Profit Before Income Tax 1,337,071,340 5,236,956,846 651,377,457 4,685,333,842
Income Tax Expense
Current Tax 451,790,261 1,629,655,570 286,327,150 1,502,607,145
Deferred Tax (73,930,747) (73,930,747) (85,673,990) (85,673,990)
Profit for the Year 959,211,826 3,681,232,023 450,724,297 3,268,400,687
Condensed Statement of Comprehensive Income
Profit/(Loss) for the period 959,211,826 3,681,232,023 450,724,297 3,268,400,687
Other Comprehensive Income (12,148,535) 32,812,128 29,552,387 146,258,110
Total Comprehensive Income 947,063,291 3,714,044,151 480,276,684 3,414,658,798
Earnings per Share
Basic Earnings per Share 19.73 20.32
Diluted Earnings per Share 19.73 20.32
Profit Attributable to:
Equity-holders of the Bank 959,211,826 3,681,232,023 450,724,297 3,268,400,687
Non-Controlling Interest - - - -
Profit for the Year 959,211,826 3,681,232,023 450,724,297 3,268,400,687
94
Ratios as per NRB Directives
Current Year Previous Year Corresponding

Particulars
Up to This Up to This
This Quarter This Quarter
Quarter (YTD) Quarter (YTD)
Capital Fund to RWA 13.33% 14.82%
Non-Performing Loan (NPL) to total Loan 1.40% 0.98%
Total Loan Loss Provision to Total NPL 158.39% 230.58%
Cost of Funds 8.31% 5.74%
Credit to Deposit Ratio 87.20% 79.60%
Base Rate 9.99% 7.21%
Interest Rate Spread (as per NRB directive) 4.37% 4.09%
Return on Equity (Annualized) 13.36% 13.65%
Return on Assets (Annualized) 1.76% 1.72%
Earnings Per Share 19.73 20.32
Notes to Interim Financial Statements

1. Previous period figures are regrouped/restated wherever necessary.
2. Loan and Advances include interest receivables, staff loan and are presented net of impairment charges.
3. Equity Investment and Mutual Fund are categorized as available for sale and are measured at fair value through
OCI.
4. Provision for Defined Benefit Obligation has been made as per projection of Actuary Valuation of previous year.
5. CD ratio has been calculated as per Provision of NRB Directive 2078(5)(6)(6).
6. Above figures are subject to change upon otherwise instructions of Statutory Auditor and/or Regulatory Authorities.
7. The detail interim financial report has been published in the Bank's website: www.primebank.com.np.
95
Comparison of Unaudited and Audited Financial Statements
As on 32 Ashadh 2079 (July 16, 2022) (NPR "000")
Variance Variance
Statement of Financial Postion Unaudited Audited Remarks
Amount %
Assets
Cash and Cash Equivalents 11,620,912 11,620,912 - -
Due from Nepal Rastra Bank 8,860,332 8,860,332 - -
Placement with BFIs 144,901 144,901 - -
Derivative Financial Instruments - - - -
Other Trading Assets - - - -

Loans and Advances to B/FIs 6,672,761 6,672,761 - -
Loans and Advances to Customers 148,166,955 147,053,902 (1,113,053) (0.75) Changes in Loan Loss Provision
Investment Securities 31,402,845 31,402,845 - -

Finalization of tax figure after
Current Tax Assets 270,548 640,047 369,499 136.57 adjustments
Investment in Subsidiaries - - - -
Investment in Associates 46,023 46,023 - -
Adjustment of fair vlaue in
Investment Property 536,542 529,813 (6,729) (1.25) subsequent measurement of
Investment Property
Adjustment of Finance Lease
Property and Equipment 1,053,917 1,973,693 919,775 87.27 shown in ROU Assets
Adjustment of Goodwill arised
Goodwill and Intangible Assets 19,795 379,540 359,745 1,817.40 through Business Combination
restated from previous year
Finalization of deferred tax after
Deferred Tax Assets 94,806 123,168 28,361 29.91 statutory audit
Regrouping and reclassification of
Other Assets 845,575 913,960 68,384 8.09 assets
Total Assets 209,735,912 210,361,895 625,983
Liabilities
Due to BFIs 6,096,829 6,096,829 - -
Due to Nepal Rastra Bank 4,556,141 4,556,141 - -
Derivative Financial Instruments - - - -
Deposits from Customers 160,203,351 160,203,351 - -
Borrowing - - - -
Current Tax Liabilities - - - -
Provisions - - - -
Deferred Tax Liabilities - - - -
Changes after actuarial valuation
Other Liabilities 2,180,046 3,354,346 1,174,300 53.87 for Defined Benefit Plan and
Finance Lease
Debt Securities Issued 9,145,519 9,145,519 - -
Subordinated Liabilities - - - -
Total Liabilities 182,181,886 183,356,187 1,174,300
Equity
Share Capital 18,656,323 18,656,323 - -
Share Premium - - - -
Retained Earnings 2,390,747 1,738,854 (651,893) (27.27) Change in profit after statutory audit
Change in profit after statutory audit

Reserves 6,506,955 6,610,531 103,576 1.59 and other regulatory adjustments
Total Liabilities and Equity 209,735,912 210,361,895 625,983
96
Comparison of Unaudited and Audited Financial Statements
For the year ended 32 Ashadh 2079 (July 16, 2022) (NPR "000")
Variance Variance
Statement of Profit and Loss Unaudited Audited Remarks
Amount %
Adjustment of Deferred Employee
Interest Income 18,516,924 18,301,357 (215,567) (1.16) Expenditure and Interest Income
Reversal
Interest expense charge of
Interest Expense 12,037,487 12,114,391 76,904 0.64 Operating Lease
Net Interest Income 6,479,437 6,186,966 (292,472)
Restated income head with Other
Fee and Commission Income 1,155,642 1,230,738 75,096 6.50 Operating Income
Fee and Commission Expense 142,548 142,548 - -
Net Fee and Commission Income 1,013,094 1,088,190 75,096
Net Interest, Fee and Commission
7,492,531 7,275,156 (217,375)
Income
Net Trading Income 231,163 231,163 - -
Adjustment of income head with
Other Operating Income 234,743 156,908 (77,835) (33.16) Fees and Commission Income
Total Operating Income 7,958,437 7,663,227 (295,210)
Change in Loan Loss Provision
Impairment Charge/ (Reversal) for
188,283 1,239,836 1,051,554 558.50 after Statutory and Regulatory
Loans and Other Losses adjustments
Net Operating Income 7,770,154 6,423,391 (1,346,764)
Operating Expense - - - -
Due to increase in personnel
Personnel Expenses 1,704,955 1,670,363 (34,592) (2.03) expenses after Balance Sheet date
Adjustment of depreciation
Other Operating Expenses 644,986 471,910 (173,076) (26.83) expenses of Operating Lease
Depreciation & Amortization 183,257 329,684 146,427 79.90
Operating Profit 5,236,957 3,951,434 (1,285,523)
Non-Operating Income - - - -
Non-Operating Expense - - - -
Profit Before Income Tax 5,236,957 3,951,434 (1,285,523)
Income Tax Expense
Current Tax 1,629,656 1,260,318 (369,337) (22.66) Recalculation of tax as per Income
Deferred Tax (73,931) (96,221) (22,290) 30.15 Tax Act 2058 after statutory audit.
Profit for the Year 3,681,232 2,787,336 (893,896)
97
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98
Principal Indicators
Fiscal Year
S.
Particulars Unit 2078/79 2077/78 2076/77 2075/76 2074/75
No
(NFRS) (NFRS) (NFRS) (NFRS) (NFRS)
1 Net Profit/Total Income Percent 13.99 20.42 16.72 20.18 18.01
2 Earnings Per Share NPR. 14.94 20.32 16.10 23.60 21.49
3 Market Value Per Share NPR. 265 479 255 278 287
4 Price Earnings Ratio Ratio 17.74 23.57 15.84 11.78 13.36
Dividend in Share Capital
5 Percent 4.00 16.00 15.00 16.00 16.00
(Including Bonus)
6 Cash Dividend in Share Capital Percent 4.95 0.63 - - -
7 Interest Income/Loan and Ad-vances Percent 10.79 9.17 10.05 12.16 11.51
Staff Expenses/ Total Operating
8 Percent 60.57 57.34 52.05 55.49 52.96
Expenses
9 Interest Expenses in Total De-posit Percent 7.28 5.03 5.85 7.23 7.25
10 FX Fluctuation Gain/ Total In-come Percent 1.17 2.02 2.01 2.18 1.93
11 Staff Bonus/Total Staff Ex-penses Percent 26.28 32.71 33.20 39.39 38.75
12 Net Profit/Loan and Advances Percent 1.76 2.29 1.95 2.86 2.43
13 Net Profit/Total Assets Percent 1.33 1.72 1.48 2.15 1.82
14 Total Loan/Deposits Percent 93.65 89.23 88.97 89.15 87.53
15 Total Operating Expenses/Total Assets Percent 1.18 1.25 1.16 1.29 1.03
16 Capital Adequacy Ratio:
A. Core Capital Percent 11.87 12.28 12.83 11.97 11.43
B. Supplementary Capital Percent 1.25 2.54 1.01 0.80 0.80
C. Total Capital Fund Percent 13.12 14.82 13.84 12.76 12.24
17 Liquidity ( CRR ) Percent 5.51 7.18 7.25 9.83 11.42
Non-performing Loan/Total Loan (as
18 Percent 1.77 0.99 1.48 1.00 0.85
per NRB)
Weighted Average Interest Rate
19 Percent 4.37 4.09 4.22 4.32 4.23
Spread
20 Book Net worth NPR. 144.75 148.86 146.78 143.84 139.52
21 Total Share of PCBL Number 186,563,228 160,830,369 139,852,495 93,186,267 80,332,989
22 Total Staff Number 1600 1548 1469 725 691
23 Base Rate Percent 9.99 7.21 8.62 10.03 10.47
24 No of Branches (including EC) Number 187 192 184 73 64
25 No of ATM Number 108 107 106 46 36
99
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101
CENTRAL OFFICE
Kamalpokhari, Kathmandu, Nepal
Phone: 4423432/4423433/4423436
Fax: 4425955
Email: info@pcbl.com.np
SWIFT: PCBLNPKA
PROVINCE OFFICES
PROVINCE 1 OFFICE MADHESH PROVINCE OFFICE BAGMATI PROVINCE OFFICE

Biratnagar Maisthan Marga, Birjung Bagbazar, Kathmandu
Phone: 9852049533 Phone: 9856030011 Phone: 9851110701
Province Head: Mr. Diman Shrestha Province Head: Mr. Buddhi Raj Baral Province Head: Mr. Shiva Raj Pant
Email: diman.shrestha@pcbl.com.np Email: buddhi.baral@pcbl.com.np Email: shiva.pant@pcbl.com.np
GANDAKI PROVINCE OFFICE LUMBINI PROVINCE OFFICE KARNALI PROVINCE OFFICE

New Road, Pokhara Palparoad, Butwal Chhinchu, Surkhet
Phone: 9856029857 Phone: 9857021202 Phone: 9858027508
Province Head: Mr. Surya Prasad Tiwari Provnce Head: Mr. Krishna Prasad Aryal Province Head: Dhruva Bahadur Karki
Email: surya.tiwari@pcbl.com.np Email: krishna.aryal@pcbl.com.np Email: dhruva.karki@pcbl.com.np
SUDURPASCHIM PROVINCE OFFICE

Mahendranagar, Kanchanpur
Phone: 9858753280
Province Head: Mr. Puskar Kunwar
Email: puskar.kunwar@pcbl.com.np
INSIDE VALLEY
ASON BRANCH
BAGBAZAR BRANCH BALAJU BRANCH
Ason Kamalakchi, Kathmandu
Bagbazar, Kathmandu Machhapokhari Chowk, Balaju, Kathmandu
Phone: 01-4222678/4221934
Phone: 01-5352260, Fax: 4252221 Phone: 01-4354181,Fax: 4386909
Fax: 4221945
Branch Manager: Mr. Ram Kumar Khatri Branch Manager: Mr. Shiva Ram Amatya
Branch Manager: Mr. Shiva Sankhar Jha
Email: bagbazar@pcbl.com.np Email: balaju@pcbl.com.np
Email: ason@pcbl.com.np
BANASTHALI BRANCH BANEPA BRANCH BANGEMUDA BRANCH

Banasthali, Kathmandu Banepa Bangemuda, Kathmandu
Phone: 01-5904982/83 Phone: 011-660701/11, Fax: 011-660733 Phone: 01-5339309/10
Branch Manager: Mr. Sijan Shrestha Branch Manager: Mr. Aman Pote Shrestha Branch Manager: Mr. Sajan Manandhar
Email: banasthali@pcbl.com.np Email: banepa@pcbl.com.np Email: bangemuda@pcbl.com.np
BANIYATAR BRANCH BHAKTAPUR BRANCH BHAKTAPUR2 BRANCH

Baniyatar, Tokha Municipality Surya Binayak,Bhaktapur Chyamashing, Bhaktapur
Phone: 01-5158138/259 Phone: 01-6620205 Phone: 01-6620060/61/62
Branch Manager: Mr. Prabin Shrestha Branch Manager: Mr. Rajib Bhattarai Branch Manager: Mr. Badri Paudyal
Email: baniyatar@pcbl.com.np Email: bhaktapur@pcbl.com.np Email: bhaktapur2@pcbl.com.np
CHABAHIL BRANCH CHABAHIL2 BRANCH CHAPALI BRANCH

Chuchepati, Kathmandu Chabahil, Kathmandu Budhanilkantha Municipality,Kathmandu
Phone: 01-5210139/40, Fax: 4913390 Phone: 01-4499248/408/361 Phone: 01-4377458, 4376405
Branch Manager: Mrs. Bishnu Lamsal Branch Manager: Mr. Ram Bahadur Rai Branch Manager: Mr. Pawan Kumar Niroula
Email: chabahil@pcbl.com.np Email: chabahil2@pcbl.com.np Email: chapali@pcbl.com.np
DHAPAKHEL BRANCH DHUMBARAHI BRANCH GATTHAGHAR BRANCH

Dhapakhel, Lalitpur Dhumbarahi, Kathmandu Gatthaghar, Bhaktapur
Phone: 01-5175155 Phone: 01-4511481, 4517265 Phone: 01-6635112/51, Fax: 6636643
Branch Manager: Mr. Mahesh Chandra Adhikari Officiating Branch Manager: Mr. Govinda Upreti Branch Manager: Mrs. Sajana Shrestha
Email: dhapakhel@pcbl.com.np Email: dhumbarahi@pcbl.com.np Email: gatthaghar@pcbl.com.np
GAUSHALA BRANCH GOLDHUNGA BRANCH GRANDE BRANCH

Gaushala, Kathmandu Grande, Tokha Municipality Grande, Tokha Municipality
Phone: 01-4497723/24/25 Phone: 5169231/37 Phone: 01-5159235
Branch Manager: Mrs. Anita Sharma Branch Manager: Ms. Manisha Poudel Branch Manager: Mr. Binaya Shrestha
Email: gaushala@pcbl.com.np Email: goldhunga@pcbl.com.np Email: grande@pcbl.com.np
102
IMADOL BRANCH IMADOL2 BRANCH JORPATI BRANCH
Mahalaxmi Municipality, Lalitpur Imadol, Lalitpur Jorpati, Kathmandu
Phone: 01-5202851/52 Phone: 01-5203982, 5202891 Phone: 01-4918040/41
Branch Manager: Mrs. Richa Dahal Branch Manager: Mr. Sudeep Bajracharya Branch Manager: Mr. Bindu Joshi
Email: imadol@pcbl.com.np Email: imadol2@pcbl.com.np Email: jorpati@pcbl.com.np
KALANKI BRANCH KALIMATI BRANCH KALIMATI2 BRANCH

Kalanki, Kathmandu Kalimati, Kathmandu Kalimati, Kathmandu
Phone: 01-5234001/2, 4032003 Phone: 01-5383502/35 Phone: 01-4670015/16/17
Branch Manager: Mr. Deb Raj Paudel Branch Manager: Mr. Raju Maharjan Branch Manager: Mrs. Sushma Sthapit Kansakar
Email: kalanki@pcbl.com.np Email: kalimati@pcbl.com.np Email: kalimati2@pcbl.com.np
KHUMALTAR BRANCH KIRTIPUR BRANCH KOTESHWOR BRANCH

Khumaltar, Lalitpur Kirtipur Municipality, Kathmandu Koteshwor, Kathmandu
Phone: 01-5151073/74 Phone: 01-4332363/64 Phone: 01-4601166/67, Fax: 4600483
Branch Manager: Mr. Prakash Dahal Branch Manager: Mr. Yogesh Dangol Branch Manager: Mr. Bishal Mani Bhandari
Email: khumaltar@pcbl.com.np Email: kirtipur@pcbl.com.np Email: koteshwor@pcbl.com.np
MAHABOUDHA BRANCH MAHALAXMISTHAN BRANCH MANGALBAZAR BRANCH

Mahaboudha, Kathmandu Mahalaxmisthan, Lalitpur Mangalbazar, Lalitpur
Phone: 01-4268940, 6922015, 4268940 Phone: 01-5170277/78/79 Phone: 01-5553915/16, 5553927
Branch Manager: Ms. Shrijana Shakya Branch Manager: Ms. Pramila Tandukar Branch Manager: Mr. Aashis Bhuju
Email: mahaboudha@pcbl.com.np Email: mahalaxmisthan@pcbl.com.np Email: mangalbazar@pcbl.com.np
NEW BANESHWOR BRANCH NEWPLAZA BRANCH NEWROAD BRANCH

New Baneshwor, Kathmandu Ramsha Path, Kathmandu Newroad, Bira Complex Kathmandu
Phone: 01-4490480/005, Fax: 4490380 Phone: 01-4432139, 4422724,4423779 Phone: 01-5713166/94/92/67
Branch Manager: Mr. Abhishek Raghubanshi Branch Manager: Mr. Kailash Karki Branch Manager: Mr. Geha Ranjan Joshi
Email: baneshwor@pcbl.com.np Email: newplaza@pcbl.com.np Email: newroad@pcbl.com.np
OLD BANESHWOR BRANCH PANAUTI BRANCH PATAN BRANCH

Old Baneshwor, Kathmandu Panauti, Kavre Lagankhel,Lalitpur
Phone: 01-4475245/46, Fax: 4475247 Phone: 011-441204/5, Fax: 011-441206 Phone: 01-5554170 /71,Fax: 5526588
Branch Manager: Mr. Sujan Parajuli Branch Manager: Mr. Deepak Sharma Branch Manager: Mr. Rabindra Aryal
Email: oldbaneshwor@pcbl.com.np Email: panauti@pcbl.com.np Email: patan@pcbl.com.np
PEPSICOLA BRANCH PULCHOWK BRACH SALLAGHARI BRANCH

Pepsicola, Kathmandu Pulchowk, Lalitpur Sallaghari, Bhaktapur
Phone: 01-5900877 Phone: 01-5553087 Phone: 01-6610878/9
Branch Manager: Mr. Bibek Khadka Branch Manager: Mr. Ashok Maharjan Branch Manager: Mr. Santosh Mahat
Email: pepsicola@pcbl.com.np Email: pulchowk@pcbl.com.np Email: sallaghari@pcbl.com.np
SAMAKHUSI BRANCH SAMAKHUSI2 BRANCH SANKHAMUL BRANCH

Samakhusi, Kathmandu Samakhusi, Kathmandu Shankhamul-10, Kathmandu
Phone: 01-4970553/4 Phone: 01-4353268, 4354397, 4350909 Phone: 01-5907488/588/688
Branch Manager: Mr. Ram Singh Saud Branch Manager: Mr. Sudhan Poudel Branch Manager: Mr. Gopal Bhattarai
Email: samakhusi@pcbl.com.np Email: samakhusi2@pcbl.com.np Email: sankhamul@pcbl.com.np
SINAMANGAL BRANCH SORAKHUTTE BRANCH SUNDHARA BRANCH

Sinamangal, Kathmandu Nayabazaar, Kathmandu Sundhara, Kathmandu
Phone: 01-5909935/36 Phone: 01-4388834/35, Fax: 4388833 Phone: 01-5368056
Branch Manager: Mr. Mandip Rayamajhee Branch Manager: Mrs. Geeta Sharma Parajuli Branch Manager: Mrs. Rabina Tamrakar
Email: sinamangal@pcbl.com.np Email: sorakhutte@pcbl.com.np Email: sundhara@pcbl.com.np
TARKESHWOR BRANCH THAMEL BRANCH THANKOT BRANCH

Tarkeshwor, Kathmandu Thamel, Kathmandu Thankot, Kathmandu
Phone: 01-4025996 Phone: 01-5326516/552/867 Phone: 01-4316237
Branch Manager: Mr. Binod Khanal Branch Manager: Mr. Pujan Shrestha Branch Manager: Mr. Subash Shrestha
Email: tarkeshwor@pcbl.com.np Email: thamel@pcbl.com.np Email: thankot@pcbl.com.np
THIMI BRANCH
Thimi, Bhaktapur
Phone: 01-5093494/95, 6639180
Branch Manager: Mr. Pravin Bhattarai
Email: thimi@pcbl.com.np
103
OUTSIDE VALLEY
4 NO. JEETPUR BRANCH ANBUKHAIRENI BRANCH ARUNKHOLA BRANCH

Jeetpur, Kapilvastu Anbukhaireni, Tanahun Arunkhola, Nawalparasi
Phone: 076-550433/443 Phone: 065-540232 Phone: 078-555314/15
Branch Manager: Mr. Gaurav Dumre Branch Manager: Mr. Shivajee Tiwari Branch Manager: Mr. Shankar Raj Regmi
Email: 4no.jeetpur@pcbl.com.np Email: anbukhaireni@pcbl.com.np Email: arunkhola@pcbl.com.np
ATTARIYA BRANCH BAGAR BRANCH BAGLUNG BRANCH

Attariya, Kailali Bagar, Pokhara Baglung
Phone: 091-550170/774 Phone: 061-522671, 542671, 525797 Phone: 068-520933, 522655
Branch Manager: Mr. Rajesh Singh Branch Manager: Mr. Narayan Acharya Branch Manager: Ms. Sapana Sharma Pant
Email: attariya@pcbl.com.np Email: bagar@pcbl.com.np Email: baglung@pcbl.com.np
BAITESHWOR BRANCH BANJHAPATAN BRANCH BARDAGHAT BRANCH

Baiteshwor, Dolakha Banjhapatan, Pokhara Bardaghat, Nawalparasi
Phone: 049-411088/89 Phone: 061-538704/7/8 Phone: 078-580755
Branch Manager: Mr. Narayan Hari Duguju Branch Manager: Ms. Shova Bhurtel Branch Manager: Mr. Tulka Prasad Kafle
Email: baiteshwor@pcbl.com.np Email: banjhapatan@pcbl.com.np Email: bardaghat@pcbl.com.np
BARDIBAS BRANCH BATTAR BRANCH BELAHA BRANCH

Bardibas Municipality, Mahottari Battar, Nuwakot Belaha, Siraha
Phone: 044-550498 Phone: 010-561801/2, Fax: 010-561803 Phone: 026-691621/23
Branch Manager: Mr. Bikash Sing Chauhan Branch Manager: Mr. Raju Dhakal Branch Manager: Mr. Shiv Kumar Sah
Email: bardibas@pcbl.com.np Email: battar@pcbl.com.np Email: belaha@pcbl.com.np
BENI BRANCH BESISAHAR BRANCH BHAIRAHAWA BRANCH

Beni Bazar, Myagdi Besisahar, Lamjung Bank Road, Milan Chowk Bhairahawa
Phone: 069-521048/9 Phone: 066-521344/5 Phone: 071-521081/82, Fax: 071-521083
Branch Manager: Mr. Murari Rijal Branch Manager: Mr. Amrit Thapa Branch Manager: Mr. Shiva Basnet
Email: beni@pcbl.com.np Email: besisahar@pcbl.com.np Email: bhairahawa@pcbl.com.np
BHALWARI BRANCH BHANDARA BRANCH BHARATPUR BRANCH

Bhalwari, Rubandehi Bhandara, Chitwan Chaubishkothi, Bharatpur, Chitwan
Phone: 071-561543 Phone: 056-550605/6 Phone: 056-533240/41, Fax: 056-533242
Branch Manager: Mr. Dhruwa Bhandari Branch Manager: Mr. Pragnya Upadhyaya Branch Manager: Mr. Padam Raj Paudel
Email: bhalwari@pcbl.com.np Email: bhandara@pcbl.com.np Email: bharatpur@pcbl.com.np
BHIMPHEDI BRANCH BHORLETAR BRANCH BIBLYATE BRANCH

Bhimphedi, Makawanpur Karaputar-3, Bhorletar, Lamjung Ilam Municipality 05, Biblyate
Phone: 057-410054/94 Phone: 066-410002/3 Phone: 027-413006
Branch Manager: Mr. Dhanraj Upreti Branch Manager: Mr. Sujan Regmi Branch Manager: Mr. Subarna Kunwar
Email: bhimphedi@pcbl.com.np Email: bhorletar@pcbl.com.np Email: biblyate@pcbl.com.np
BIRATCHOWK BRANCH BIRATNAGAR BRANCH BIRAUTA BRANCH

Biratchowk, Morang Biratnagar, Morang Birauta, Pokhara
Phone: 021-546841, Fax: 021-546842 Phone: 021-590028/29 Phone: 061-467302/03/04
Branch Manager: Mr. Rudra Bahadur Khadka Branch Manager: Mr. Badri Bikram Adhikari Branch Manager: Mr. Mohan Thapa
Email: biratchowk@pcbl.com.np Email: biratnagar@pcbl.com.np Email: birauta@pcbl.com.np
BIRENDRANAGAR BRANCH BIRGUNJ BRANCH BIRTAMOD BRANCH

Birendranagar, Surkhet Birgunj, Main Road, Mai Sthan Marga. Birtamod Municipality, Ward-4, Jhapa
Phone: 083-525610/630 Phone: 051-524370/80, Fax: 051-523660 Phone: 023-535031, 534340
Branch Manager: Mr. Lok Raj Sharma Branch Manager: Mr. Maghnath Sonar Branch Manager: Mr. Indra Prasad Guragain
Email: birendranagar@pcbl.com.np Email: birgunj@pcbl.com.np Email: birtamod@pcbl.com.np
BUDHABARE BRANCH BUDHIBAZAR BRANCH BUTWAL2 BRANCH

Budhabare, Jhapa Budhibazar, Lekhnath Chaudaha-11, Butwal
Phone: 023-555491, Fax: 023-555492 Phone: 061-411300/781/400 Phone: 071-438306/07/17
Branch Manager: Mr. Bhesh Raj Dhakal Branch Manager: Ms. Sangita Paudel Branch Manager: Mr. Sandip Paudel
Email: budhabare@pcbl.com.np Email: budhibazar@pcbl.com.np Email: butwal2@pcbl.com.np
CHAKRAGHATTI BRANCH CHANDRAGADI BRANCH CHHINCHU BRANCH

Chakraghatti, Sunsari Chandragadi, Jhapa Chhinchu, Surkhet
Phone: 025-551023, Fax: 025-551024 Phone: 023-455965, Fax: 023-456196 Phone: 083-540306/07
Branch Manager: Mr. Bhupendra Prasad Phuyal Branch Manager: Mr. Chakrapani Bhandari Branch Manager: Mr. Dhruva Bahadur Karki
Email: chakraghatti@pcbl.com.np Email: chandragadi@pcbl.com.np Email: chhinchu@pcbl.com.np
104
DAMAK BRANCH DAMAULI BRANCH DAMKADA BRANCH
Damak, Jhapa Damauli, Tanahun Damkada, Palpa
Phone: 023-575449, 574749, 574610 Phone: 065-560433, 562062 Phone: 075-412126
Branch Manager: Mr. Bhesh Raj Bhujel Branch Manager: Mr. Uttam Ranabhat Branch Manager: Mr. Dipak Thapa
Email: damak@pcbl.com.np Email: damauli@pcbl.com.np Email: damkada@pcbl.com.np
DEWANGANJ BRANCH DHADINGBESI BRANCH DHANGADHI2 BRANCH

Dewanganj, Sunsari Dhadingbesi, Dhading Dhangadhi, Kailali
Phone: 9852080268 Phone: 010-521244 Phone: 091-417301/02/06
Branch Manager: Mr. Nirakar Pokharel Branch Manager: Mr. Sudip Poudel Branch Manager: Mr. Chandra Bahadur Saud
Email: dewanganj@pcbl.com.np Email: dhadingbesi@pcbl.com.np Email: dhangadhi2@pcbl.com.np
DHANGADI BRANCH DHARAN BRANCH DULEGAUNDA BRANCH

Dhangadhi Sub Metropolitan City, Kailali Mahindra Path, Dharan Dulegaunda, Tanahun
Branch Manager: Mr. Dev Raj Joshi Branch Manager: Mr. Rishi Ram Bhattarai Branch Manager: Mr. Bijaya Raj Tiwari
Email: dhangadi@pcbl.com.np Email: dharan@pcbl.com.np Email: dulegaunda@pcbl.com.np
DUMRE BRANCH FIKKAL BRANCH GANJBHAWANIPUR BRANCH

Dumre, Tanahun Fikkal, Sindhuli Ganjbhawanipur, Bara
Phone: 065-580445 Phone: 047-692045/48 Phone: 053-401096
Branch Manager: Mr. Bibek Pokhrel Branch Manager: Mr. Jankantha Shrestha Branch Manager: Mr. Jamuna Prasad Sah
Email: dumre@pcbl.com.np Email: fikkal@pcbl.com.np Email: ganjbhawanipur@pcbl.com.np
GAURADAHA BRANCH GAURIGUNJ BRANCH GAUSHALA BRANCH

Gauradaha, Jhapa Gaurigunj, Jhapa Gaushala, Mahottari
Phone: 023-480293/9, Fax: 023-480294 Phone: 023-412040, Fax: 023-412041 Phone: 044-556226/42
Branch Manager: Mr. Santosh Nepal Branch Manager: Mr. Dharma Raj Bhattarai Branch Manager: Mr. Santosh Kumar Chaudhary
Email: gauradaha@pcbl.com.np Email: gaurigunj@pcbl.com.np Email: gaushalamohottari@pcbl.com.np
GORKHA BRANCH GWALDUBBA BRANCH GYANECHOWK BRANCH

Haramtari, Gorkha Gaurada Municipality: 07, Gwaldubba Bhadrapur Municipality: 03, Gyanechowk
Phone: 064-421590, Fax: 064-421590 Phone: 9752600501 Phone: 9752600511
Branch Manager: Mr. Hari Prasad Adhikari Branch Manager: Mr. Hemanta Raj Neupane Branch Manager: Mr. Anish Sharma Guragai
Email: gorkha@pcbl.com.np Email: gwaldubba@pcbl.com.np Email: gyanechowk@pcbl.com.np
HAKIMCHOWK BRANCH HEMJA BRANCH HETAUDA BRANCH

Hakimchowk, Chitwan Hemja, Pokhara Hetauda, Makwanpur
Phone: 056-530682/-594382 Phone: 061-400558/59/60 Phone: 057-520569/524874
Branch Manager: Mr. Balram Sigdel Branch Manager: Mr. Madhab Adhikari Branch Manager: Mr. Ishwor Shrestha
Email: hakimchowk@pcbl.com.np Email: hemja@pcbl.com.np Email: hetauda@pcbl.com.np
HORIZONCHOWK BRANCH HOSPITAL CHOWK BRANCH ILAM MANGALBARE BRANCH

Horizonchowk, Butwal Pokhara-10, Hospitalchowk, Kaski Deumai Municipality: 04, Mangalbare
Phone: 071-410021/112 Phone: 061-583551 / 52 Phone: 027-400138
Branch Manager: Mr. Madhav Panth Branch Manager: Mr. Harichandra Timilsina Branch Manager: Mr. Jaya Raj Baral
Email: horizonchowk@pcbl.com.np Email: hospitalchowk@pcbl.com.np Email: ilammangalbare@pcbl.com.np
INARUWA BRANCH ITAHARI BRANCH ITTABHATTA BRANCH

Inaruwa, Sunsari Sunsari Mechinagar Municipality: 07, Ittabhatta
Phone: 025-561749, Fax: 025-561750 Phone: 025-587310/11, Fax: 025-587312 Phone: 023-563361/ 563386
Branch Manager: Mr. Bishwajeet Khadka Branch Manager: Mr. Sujan Shrestha Branch Manager: Mr. Bhakti Ram Niroula
Email: inaruwa@pcbl.com.np Email: itahari@pcbl.com.np Email: ittabhatta@pcbl.com.np
JANAKPUR BRANCH JANTE BRANCH JHAPA MANGALBARE BRANCH

Janakpurdham Sub Municipality, Janakpur Letang Municipality: 08, Jante Kamal Rural Municipality: 06, Mangalbare
Phone:041-590385/89 Phone: 9752038931 Phone: 023-584611
Branch Manager: Mr. Ram Kumar Shrestha Branch Manager: Ms. Rekha Karkee Branch Manager: Mr. Sharad Kafle
Email: janakpur@pcbl.com.np Email: jante@pcbl.com.np Email: jhapa.mangalbare@pcbl.com.np
JHILJHILE BRANCH JIRI BRANCH JITPUR BRANCH

Shiva Satakshi Municipality: 08, Jhiljhile Jiri VDC, Linkan Bazar, Dolakha Jitpur, Bara
Phone: 023-470521 Phone: 049-400041, Fax: 049-400040 Phone: 053-412319/412320
Branch Manager: Mr. Dinesh Luitel Branch Manager: Mr. Bishnu Prasad Aryal Branch Manager: Mr. Raju Poudel
Email: jhiljhile@pcbl.com.np Email: jiri@pcbl.com.np Email: jitpur@pcbl.com.np
KAKARBHITTA BRANCH KALIGANDAKI BRANCH KALIKA BRANCH

Mechinagar Municipality: 06, Kakarvitta Mirmi, Syangja Kalika, Rasuwa
Phone: 023-563301/ 563616 Phone: 063-403021/97 Phone: 010-542115
Branch Manager: Mr. Chetan Anurag Branch Manager: Mr. Lekhnath Acharya Branch Manager: Mr. Bishnu Mani Adhikari
Khatiwada Email: kakarbhitta@pcbl.com.np Email: kaligandaki@pcbl.com.np Email: kalika@pcbl.com.np
105
KALYANPUR BRANCH KANCHANBARI BRANCH KAWASOTI BRANCH
Kalyanpur, Saptari Kanchanbari, Biratnagar Kawasoti, Nawalparasi
Phone: 031-540155/56 Phone: 021-462283, Fax: 021-462284 Phone: 078-540996/97, Fax: 078-540998
Branch Manager: Mr. Narendra Kumar Singh Branch Manager: Mr. Bijay Sharma Branch Manager: Mr. Buddhi Lal Shrestha
Email: kalyanpur@pcbl.com.np Email: kanchanbari@pcbl.com.np Email: kawasoti@pcbl.com.np
KHANDBARI BRANCH KHAPTADCHHANNA BRANCH KHORSHANE BRANCH

Khandbari, Sankhuwasabha Khaptadchhanna, Bajhang Sundar Haraicha Municipality, Khorsane
Phone: 029-560860, Fax: 029-560870 Phone: 081-620444 Phone: 021-546899
Branch Manager: Mr. Chandra Kumar Phuyal Branch Manager: Mr. Suresh Dhami Branch Manager: Mr. Manish Tamrakar
Email: khandbari@pcbl.com.np Email: khaptadchhana@pcbl.com.np Email: khorshane@pcbl.com.np
KOHALPUR BRANCH KUSMA BRANCH LAHAN BRANCH

Kohalpur, Banke Kusma, Parbat Lahan, Siraha
Phone: 081-541532/36/54 Phone: 067-421239/40 Phone: 033-590101/102
Branch Manager: Mr. Ashok Chand Branch Manager: Mr. Santosh Kumar Ranabhat Branch Manager: Mr. Nagendra Niroula
Email: kohalpur@pcbl.com.np Email: kusma@pcbl.com.np Email: lahan@pcbl.com.np
LAKESIDE BRANCH LAMACHOUR BRANCH LAMAHI BRANCH

Lakeside, Pokhara Lamachour, Pokhara Lamahi, Dang
Phone: 061-466024/25/26 Phone: 061-441166/461/460 Phone: 082-540845/46/47
Branch Manager: Mr. Bikal Shrestha Branch Manager: Mr. Prakash Man Shrestha Branch Manager: Mr. Rabin Bhattarai
Email: lakeside@pcbl.com.np Email: lamachaur@pcbl.com.np Email: lamahi@pcbl.com.np
LAMKI BRANCH LAXMIPUR BRANCH LEK BESI BRANCH

Lamki, Kailali Arjundhara Municipality: 05, Laxmipur Dasharathpur, Surkhet
Phone: 091-540557/58 Phone: 023-503167/ 68 Phone: 081-620443
Branch Manager: Mr. Mahendra Prasad Timilsena Branch Manager: Mr. Youbaraj Basnet Branch Manager: Mr. Ram Bahadur Pariyar
Email: lamki@pcbl.com.np Email: laxmipur@pcbl.com.np Email: lekbesi@pcbl.com.np
LETANG BRANCH MAHENDRANAGAR MALANGAWA BRANCH

Letang, Morang Mahendranagar, Kanchanpur Malangawa, Sarlahi
Phone: 021-560645, Fax: 021-560655 Phone: 099-590219/220 Phone: 046-521158/59
Branch Manager: Mr. Chhabi Raman Koirala Branch Manager: Mr. Puskar Kunwar Branch Manager: Mr. Rameshwar Ray
Email: letang@pcbl.com.np Email: mahendranagar@pcbl.com.np Email: malangawa@pcbl.com.np
MANAKAMANA BRANCH MANEBHANJYANG BRANCH MAYA DEVI BRANCH

Manakamana, Gorkha Manebhanjyang, Okhaldhunga Maya Devi, Rupandehi
Phone: 064-460203/6, Fax: 064-460204 Phone: 037-410089/90 Phone: 071-425056/57
Branch Manager: Mr. Dipendra Nath Shrestha Branch Manager: Mr. Phanindra Prasad Phuyal Branch Manager: Mr. Lokmani Bhattarai
Email: manakamana@pcbl.com.np Email: manebhanjyang@pcbl.com.np Email: mayadevi@pcbl.com.np
MORANG MANGALBARE BRANCH NARAYANGARD BRANCH NECHA SALYAN BRANCH

Urlabari Municipality: 03, Mangalbare Narayangard Ramitebazar Tingla, Solukhumbu
Phone: 021-410215/6 Phone: 056-596901/2, Fax: 056-525739 Phone: 081-620447/081/48
Branch Manager: Mr. Roshis Budhathoki Branch Manager: Mr. Birodh Adhikari Branch Manager: Mr. Manoj Prasad Dhakal
Email: morangmangalbare@pcbl.com.np Email: narayangard@pcbl.com.np Email: nechasalyan@pcbl.com.np
NEPALGUNJ BRANCH NEW ROAD POKHARA BRANCH NIJGADH BRANCH

Nepalgunj, Dhamboji NewRoad, Pokhara Nijgadh, Bara
Phone: 081-533193/276/024 Phone: 061-521861/62/63,524110 Phone: 053-540381/91
Branch Manager:Mr. Krishna Prasad Chaulagain Branch Manager: Mr. Sanjay Acharya Branch Manager: Mr. Prabesh Nepal
Email: nepalgunj@pcbl.com.np Email: newroadpokhara@pcbl.com.np Email: nijgadh@pcbl.com.np
PAKALI BRANCH PALPAROAD BUTWAL BRANCH PANMARA BRANCH

Pakali, sunsari Butwal Panmara, Itahari
Branch Manager: Mr. Pradeep Kumar Sah Branch Manager: Mr. Babu Ram Aryal Branch Manager: Mr. Laxmi Kumar Shrestha
Email: pakali@pcbl.com.np Email: butwal@pcbl.com.np Email: panmara@pcbl.com.np
PATHARI BRANCH PHALELUNG BRANCH PHEDIKHOLA BRANCH

Pathari Sanischare Municipality, Pathari Falelung Rural Municipality, Panchthar Phedi, Syangia
Phone: 021-555401 Phone: 9852055372 Phone: 063-402069/83
Branch Manager: Mr Nir Bahadur Adhikari Branch Manager: Mr. Balkrishna Parajuli Branch Manager: Mr. Lok Bahadur Kunwar
Email: pathari@pcbl.com.np Email: phalelung@pcbl.com.np Email: phedikhola@pcbl.com.np
POKHARA BRANCH POKHARIYA BRANCH PRITHVICHOWK BRANCH

New Road, Pokhara, Kaski Pokhariya Prithvichowk, Pokhara
Phone: 061-524292/526347/526348 Phone: 051-560030 Phone: 061-524181/252
Branch Manager: Mr. Kush Sudan Singh Branch Manager: Mr. Jayant Kumar Mallik Branch Manager: Mr. Tilak Bahadur Thapa
Email: pokhara@pcbl.com.np Email: pokhariya@pcbl.com.np Email: prithvichowk@pcbl.com.np
106
PURTIGHAT BRANCH PUSPALAL CHOWK BRANCH RAJGADH BRANCH
Purtighat, Gulmi Puspalal Chowk, Biratnagar Bahradashi Rural Municipality: 03, Rajgadh
Phone: 079-620047 Phone: 021-463560, Fax: 021-463561 Phone: 9752600512
Branch Manager: Mr. Atmaram Pantha Branch Manager: Mr. Sonam Lama Branch Manager: Mr. Taranee Prasad Acharya
Email: purtighat@pcbl.com.np Email: puspalalchowk@pcbl.com.np Email: rajgadh@pcbl.com.np
RAMAPUR BRANCH RANKE BRANCH RATNACHOWK BRANCH

Ramapur, Rupandehi Deumai Municipality: 01, Ranke Pokhara-8, Ratnachowk, Pokhara
Branch Manager: Mr. Bhesh Raj Dhakal Branch Manager: Mr. Kedar Shrestha Branch Manager: Mr. Surya Prasad Tiwari
Email: ramapur@pcbl.com.np Email: ranke@pcbl.com.np Email: ratnachowk@pcbl.com.np
RUDRABENI BRANCH SABHAPOKHARI BRANCH SAHID LAKHAN BRANCH

Rudrabeni, Gulmi Sabhapokhari Gaupalika, Sankhuwasabha ShahidLakhan, Gorkha
Branch Manager: Mr. Rajendra Gautam Branch Manager: Mr. Riddhi Bahadur Karki Branch Manager: Mr. Ganesh Shrestha
Email: rudrabeni@pcbl.com.np Email: sabhapokhari@pcbl.com.np Email: sahidlakhan@pcbl.com.np
SAKHUWA MAHENDRANAGAR BRANCH SANDHIKHARKA BRANCH SARAWAL BRANCH

Sakhuwa Mahendranagar, Dhanusha Sandhikharka, Arghakhachi Sarawal, Nawalparasi
Phone: 041-540331/2 Phone: 077-420236/463 Phone: 078-414103
Branch Manager: Mr. Santosh Kumar Sah Branch Manager: Mr. Madhav Khatri Branch Manager: Mr. Ashok Dhungana
Email: sakhuwamahendranagar@pcbl.com.np Email: sandhikharka@pcbl.com.np Email: sarawal@pcbl.com.np
SARUMARANI BRANCH SHIVANAGAR BRANCH SIDHUWA BRANCH

Baddanda, Sarumarani Gaupalika, Pyuthan Shivanagar, Rautahat Sidhuwa, Dhankuta
Phone: 081-523446 Phone: 055-565352 Phone: 026-404176, Fax: 026-404177
Branch Manager: Mr. Bishma Kumar Chaudhary Branch Manager: Mr. Ajay Prasad Yadav Branch Manager: Mr. Pratyush Ghimire
Email: sarumarani@pcbl.com.np Email: shivanagar@pcbl.com.np Email: sidhuwa@pcbl.com.np
SINDHULI BRANCH SIRAHABAZAR BRANCH SOMBARE BRANCH

Bank Road, Sindhuli Sirahabazar, Siraha Ratuwamai Municipality: 10, Sombare
Phone: 047-520632/733, Phone: 033-521254/55 Phone: 9852042399
Branch Manager: Mr. Rabindra Prasad Neupane Branch Manager: Mr. Ram Kumar Sharma Branch Manager: Mr. Prakash Kumar Rajbanshi
Email: sindhuli@pcbl.com.np Email: sirahabazar@pcbl.com.np Email: sombare@pcbl.com.np
SUDHODHAN BRANCH SUNDARBAZAR BRANCH SURUNGA BRANCH

Sudhodhan, Kapilvastu Sundarbazar, Lamjung Surunga, Jhapa
Phone: 9847045681 Phone: 066-402382/3 Phone: 023-552825, Fax: 023-550835
Branch Manager: Mr. Krishna Prasad Karmacharya Branch Manager: Mr. Pradip Paudel Branch Manager: Mr. Tikaram Adhikari
Email: sudhodhan@pcbl.com.np Email: sundarbazar@pcbl.com.np Email: surunga@pcbl.com.np
SYANGJA BRANCH TALCHOWK BRANCH TANDI BRANCH

Putalibazar, Syangja Lekhnath-7, Kaski Tandi, Chitwan
Phone: 063-425126/27/28 Phone: 061-561081/2 Phone: 056-563094/95
Branch Manager: Mr. Shalik Ram Lamichhane Branch Manager: Mr. Dirgha Prasad Adhikari Branch Manager: Mr. Bhanu Bhakta Lamsal
Email: syangja@pcbl.com.np Email: talchowk@pcbl.com.np Email: tandi@pcbl.com.np
TAPLEJUNG BRANCH TAPLI BRANCH THANTIPOKHARI BRANCH

Birendra Chowk, Taplejung Tapli Rupatar, Udayapur Thantipokhari, Gorkha
Phone: 024-460701/2 Phone: 027-691280/74 Phone: 064-400079/80
Branch Manager: Mr. Rimen Dhakal Branch Manager: Mr. Sujit Dhamala Branch Manager: Mr. Kamal Shrestha
Email: taplejung@pcbl.com.np Email: tapli@pcbl.com.np Email: thantipokhari@pcbl.com.np
TINGHARE BRANCH TRAFFIC CHOWK BRANCH TULSIPUR BRANCH

Suryodaya Municipality: 03, Tinghare Traffic Chowk, Biratnagar Tulsipur, Dang
Phone: 027-555251/ 555252 Phone: 021-578051/52, Fax: 021-538218 Phone: 082-523447/48
Branch Manager: Mr. Himal Rai Branch Manager: Mr. Punya Prasad Regmi Branch Manager: Mr. Rajesh Raj Dangi
Email: tinghare@pcbl.com.np Email: trafficchowk@pcbl.com.np Email: tulsipur@pcbl.com.np
TUMBEWA BRANCH TUMLINGTAR BRANCH WALLING BRANCH

Tumbewa Rural Municipality, Panchthar Tumlingtar, Sankhuwasabha Walling, Syangja
Phone: 026-681037 Phone: 029-575060, Fax: 029-757060 Phone: 063-440403,/207
Branch Manager: Mr. Milan Basnet Branch Manager: Mr. Mukesh Kumar Singh Mehata Branch Manager: Mr. Ramesh Raj Parajuli
Email: tumbewa@pcbl.com.np Email: tumlingtar@pcbl.com.np Email: walling@pcbl.com.np
107
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Annual Report 2078 2079

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Particulars Note Current Year Previous Year

Date: 15th December 2022 | Place: Kamalpokhari, Kathmandu

Particulars Note Current Year Previous Year

Interest Income 4.29 18,301,356,511 14,009,655,970

Date: 15th December 2022 | Place: Kamalpokhari, Kathmandu

Particulars Note Current Year Previous Year

Profit for the year 2,787,336,347 3,268,400,687

Date: 15th December 2022 | Place: Kamalpokhari, Kathmandu

Total Comprehensive Income for the year - - - - - - - - - 2,805,981,784 - 2,805,981,784

Particulars Current Year Previous Year

CASH FLOWS FROM OPERATING ACTIVITIES

(Increase) Decrease in Operating Assets - -

Receipts from Issue of Debt Securities 6,704,550,581 2,441,385,678

As per our report of even date.

Date: 15th December 2022 | Place: Kamalpokhari, Kathmandu

S.N. Particulars Rates An intangible asset is an identifiable non-monetary

Cash in Hand 4,152,938,425 3,779,068,089

Particulars Current Year Previous Year

Statutory Balances with NRB 4,630,395,839 4,296,368,180

Particulars Current Year Previous Year

Placement with Domestic BFIs 16,127,105 2,950,237,620

Particulars Current Year Previous Year

Held for Trading

Particulars Current Year Previous Year

Loans to Micro-Finance Institutions 6,760,649,038 6,178,079,925

Particulars Current Year Previous Year

Balance at Shrawan 01 80,314,421 41,445,244

Particulars Current Year Previous Year

Loans and Advances measured at Amortized Cost 151,444,986,843 138,542,606,692

Particulars Current Year Previous Year

Nepalese Rupee 151,365,107,009 137,352,016,738

Particulars Current Year Previous Year

Specific Allowance for Impairment

Particulars Current Year Previous Year

Investment Securities measured at Amortized Cost 30,753,161,506 22,798,775,583

4.8.1: Investment Securities measured at Amortized Cost

Particulars Current Year Previous Year

Particulars Current Year Previous Year

1. Investment in Quoted Equity

Particulars Current Year Previous Year

Current Tax Assets

Particulars Current Year Previous Year

Investment in Quoted Subsidiaries - -

4.10.1: Investment in Quoted Subsidiaries

Current Year Previous Year

Current Year Previous Year

Current Year Previous Year

Equity Interest held by NCI (%)

Investment in Quoted Associates 46,023,000 46,023,000

Current Year Previous Year

Current Year Previous Year

Current Year Previous Year

Particulars Current Year Previous Year