Global Talks on Plastic Treaty End Without Agreement Again

Geneva — Efforts to finalize the world’s first legally binding treaty on plastic pollution collapsed in Geneva on Friday, as more than 180 nations failed to overcome sharp divisions on how to address the escalating crisis. The 10-day summit...


Trust Micro Insurance Reports Rs 4.63 Million Profit for FY 2081/82

Kathmandu – Trust Micro Insurance Company has published its unaudited financial statements for the fiscal year 2081/82, reflecting a mixed performance with profit contraction but notable growth in premium income and reserves. According to the company, its net profit...


Most Commercial Banks Poised to Distribute Dividends from FY 2081/82 Profits

Kathmandu — The majority of Nepal’s commercial banks are in a position to distribute dividends to their shareholders from the profits earned in the last fiscal year (2081/82). Out of the 20 commercial banks currently in operation, only four...


Development Banks in Nepal Post Over Rs 5.60 Billion Profit in FY 2081/82

Kathmandu – National-level development banks in Nepal have reported robust growth in profitability, earning over Rs 5.60 billion in the last fiscal year, according to financial statements up to FY 2081/082. The eight banks currently operating in this sector...


Commercial Banks in Nepal Post Over Rs 71 Billion Profit in FY 2081/82

Kathmandu – Nepal’s commercial banking sector has reported a substantial increase in profitability in the last fiscal year, according to financial statements up to the fourth quarter of FY 2081/82. The total profit of the 20 banks currently operating...


Life Insurance Companies Earn Profit of Rs 6.2 Billion in FY 2081/82, Nepal Life and IME Life on Top

Kathmandu — The combined net profit of life insurance companies in Nepal fell by 16.01% in the fiscal year 2081/82, according to financial statements published by the insurers. The 14 life insurance companies currently in operation earned a total...


Non-Life Insurance Companies Earn 4.16 Billion Net Profit in FY 2081/82, Siddhartha Premier and Neco Insurance at the Lead

Kathmandu – The net profit of Nepal’s non-life insurance sector fell sharply in the last fiscal year 2081/82, declining by 28.92 percent compared to the previous year. According to the financial statements published by the 14 non-life insurance companies...


Nepal Insurance Reports Steady Growth in Premiums and Profit in FY 2081/82

Kathmandu — Nepal Insurance Company Limited has posted steady growth in key financial indicators, including premium income and profit, in the fiscal year 2081/82, according to its final quarterly financial statement released today. The country’s oldest insurance company earned...


Oriental Insurance Reports Net Profit of 82.9 Million in FY 2081/82

Kathmandu — The Oriental Insurance Company Limited has reported a sharp decline in its annual profit for the fiscal year 2081/82, according to financial statements published today. The company posted a net profit of Rs 82.9 million, an 86.9%...


Himalayan Everest Insurance Reports Strong Growth in Q4 Financials, Profit Rose by 5.09 Percent

Kathmandu – Himalayan Everest Insurance Limited has released its fourth-quarter financial statement for the last fiscal year 2081/82, reporting significant growth across key financial indicators. The company’s net profit rose from Rs 502.4 million in the previous fiscal year...