Kathmandu,
Nov. 12
Nepal
Clearing House Ltd. has announced 38 per cent bonus shares to its shareholders.
NCHL's
eighth Annual General Meeting on Monday decided to increase the paid-up capital
of the company to Rs. 298.08 million from Rs. 216 million through issuance of
38 per cent bonus share from the profit earned in the last fiscal year 2075/76.
It
also decided to provide 2 per cent cash dividend to cover the tax provision and
increase the authorised capital of the company to Rs. 500 million.
The
company booked net profit Rs. 237.73 million in the last fiscal.
"The
company intends to increase its capital to further re-invest into payment
infrastructures, add new products and services and to enhance risk management,"
it said.
As
per the Nepal Rastra Bank's regulatory requirement, payment system operator
(PSO) needs to have minimum of Rs. 100 million as paid-up capital for
operations within Nepal, whereas it is Rs. 250 million for those handling
international payments.
During the fiscal year 2075/76, the company processed a total of 11,755,072
cheques through NCHL-ECC system; 4,931,950 transactions through NCHL-IPS system;
and 186,041 transactions through connectIPS
e-Payment system.
The total settlement value of the transactions processed through
NCHL systems during the fiscal year remained at Rs 9.2 trillion. It handled
over 67,479 daily average transactions equivalent to Rs 36.85 billion.
About 80 banks and financial institutions are its direct members which
provide access to over 5,003 bank branches within NCHL’s system network. NCHL
has also enrolled over 22 non-bank institutions as indirect/technical members.
Published in The Rising Nepal daily on 13 November 2019.
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