Research & Analysis
Our Research
Fundamental analysis of Nepal's industries and companies. Each sector starts with an industry overview, followed by individual company deep-dives.
8 of 43 reports
Company Research
7 reportsSanima Bank Limited (NEPSE: SANIMA) — Company Deep Dive
Sanima Bank's (NEPSE: SANIMA) FY2082/83 audited profit matched its unaudited print exactly, but CASA jumped to 60.9% while IFRS 9 Stage 3 loans reached 6.09% — more than double the 2.87% regulatory NPL ratio.
Prabhu Bank Limited (NEPSE: PRVU) — Company Deep Dive
Prabhu Bank, a merger-assembled Nepali commercial bank, posted a full-year net loss in FY2082/83 with gross NPL at 15.55% — the sector's worst large-bank credit print in a year peers grew profit sharply.
Global IME Bank Limited (NEPSE: GBIME) — Company Deep Dive
Global IME Bank (NEPSE: GBIME), Nepal's largest commercial bank by assets, grew deposits 21.5% in FY2082/83 while loans rose only 7.1%; net NPL fell to 0.59% with 120% provision coverage.
NMB Bank Limited (NEPSE: NMB) — Company Deep Dive
NMB Bank is a mid-tier Nepali commercial bank 17.91% foreign-owned (FMO 13.69%) that posted a provisional FY2082/83 profit jump of 40.6% even as gross NPL climbed to 4.91% — a recovery still unconfirmed by audit.
Nabil Bank (NEPSE: NABIL) — Company Deep Dive
Nabil Bank is Nepal's largest private commercial bank by market capitalization, with NPR 636.8 billion in total assets after the NB Bank merger. At 4.48% gross NPL, a 9.77% ROE below cost of equity, and a non-dilutive NPR 8 billion recapitalization completed in FY2082/83, the key question is whether the credit recovery survives the FY2082/83 annual audit.
Kumari Bank Limited (NEPSE: KBL) — Company Deep Dive
Kumari Bank is a mid-tier Class A commercial bank whose 2023 merger with NCC Bank roughly doubled its balance sheet but triggered a sustained rise in non-performing loans from under 1% to 6.94%. A sharp normalization in loan-loss provisions drove 9M FY 2082/83 profits well above the prior full year. This deep dive examines the merger context, the NPL trajectory, digital franchise metrics, and the key unresolved question — the outcome of the NRB-commissioned Houladar Yunus loan portfolio review.
NIC Asia Bank (NICA) — Company Deep Dive
Through FY 2022/23 NIC Asia produced ROE above 16% and gross NPA below 1%. From FY 2023/24 onwards, the financial profile has deteriorated sharply: gross NPL is now 8.85% (Bank) / 9.53% (Group), Bank-basis retained earnings stand at Rs. -13.66B, and a 2:1 rights issue is pending AGM approval. This report works through the five most recent annual reports, the Q3 FY 2025/26 quarterly, and the verified governance and capital-raise timeline.