Kumari Bank

Sector: Commercial Banking

Summary

Kumari Bank (KBL) operates in the commercial banking sector, recently reporting a significant 1361.76 percent surge in net profit, reaching 4.17 billion rupees. The bank continues to enhance customer services, introducing global airport lounge access for cardholders and various loan packages. Recently, the bank announced a cash dividend proposal for FY 2082/83 and updated interest rates effective from Ashwin 01, 2083. Additionally, Kumari Bank has urged customers to update their National Identity Card (NID) details to ensure smooth banking operations.

Recent moves

01/10Down 0.04% to Rs 223.9 — no specific news, slight profit-taking amid ongoing auction activity

30/09Down 0.40% to Rs 224.0 — no specific news, slight profit-taking after recent gains

26/09Up 4.13% to Rs 227.0 — no specific news, moved with broader market gains

25/09Up 4.13% to Rs 227.0 — no specific news, moved with broader market gains

24/09Up 4.13% to Rs 227.0 — Kumari Bank announces 26th AGM and book closure date

23/09Up 4.13% to Rs 227.0 — Kumari Bank announces 26th AGM and book closure date

22/09Up 4.13% to Rs 227.0 — no specific news, moved with broader market gains

19/09Up 4.13% to Rs 227.0 — led trading volume amid broad NEPSE gains

18/09Up 0.88% to Rs 216.9 — Kumari Bank urges customers to update NID details

17/09Up 0.88% to Rs 216.9 — no specific news

16/09Up 0.88% to Rs 216.9 — cash dividend proposed and new interest rates announced

15/09Up 0.88% to Rs 216.9 — no specific news

12/09Up 1.32% to Rs 215.0 — no specific news

11/09Up 1.32% to Rs 215.0 — no specific news

09/09No market data for today — no specific news

08/09No market data for today — Kumari Bank joins PCAF to assess and report loan emissions.

31/05No market data for today — no specific news

28/05No market data for today — Kumari Bank to auction collateral and blacklist defaulters if loans aren't repaid; also, Kumari Silver Saving Account requires a minimum balance of Rs 25,000.

25/05No market data for today — Kumari Bank will auction collateral and blacklist defaulters if loans aren't repaid within 35 days.

20/05No market data for today — Kumari Bank offers education loans up to 80% of costs.

Context

Kumari Bank is an established commercial bank in Nepal with recent strong profitability figures reported earlier in the year. The bank has been expanding customer benefits (cards, lounge access) and offering targeted loan products such as education loans, while also taking steps to manage non-performing loans via auctions and blacklisting policies. Kumari Bank joined the Partnership for Carbon Accounting Financials (PCAF) to assess and report emissions from its lending book, reflecting a growing focus on sustainability reporting. Recently, the bank announced a cash dividend proposal for FY 2082/83 and updated interest rates effective from Ashwin 01, 2083, indicating ongoing efforts to reward shareholders and adjust to market conditions. There are no company-specific governance or leadership changes reported in the past week. The latest development includes the bank urging customers to update their National Identity Card (NID) details to comply with regulatory requirements and ensure uninterrupted banking services.

Additionally, Kumari Bank recently launched home loans covering up to 80 percent of costs and expanded safe deposit locker services to over 60 branches, enhancing its product offerings and customer convenience.

Recent news includes the introduction of a Lounge Key facility across global airports, a 7-day auction notice for mortgaged properties, and promotional discounts and free stays at Ramada Encore Kathmandu for cardholders and app users, reflecting ongoing customer engagement and asset recovery efforts. Today, the bank has re-auctioned mortgaged properties to recover outstanding loans, continuing its active management of non-performing assets.