Machhapuchchhre Bank
Machhapuchchhre Bank's stock declined by 0.88% today, closing at Rs 247.8 compared to Rs 250.0 yesterday. There was no specific news directly linked to the stock's movement today, so the decline likely reflects broader market or sector trends rather than company-specific developments.
Sector: Commercial Banking
Summary
Machhapuchchhre Bank (MBL) is a commercial bank offering a diverse range of savings, deposit, and credit products. The bank focuses on providing competitive interest rates and improving operational efficiency. Recently, the bank announced a significant 50.42 percent growth in net profit, reaching NPR 1.65 billion and entering the 'billion club'. The bank's dividend proposal for FY 2082/83 is currently awaiting approval from Nepal Rastra Bank.
Recent moves
declined 0.88% to Rs 247.8 — no specific news
gained 0.04% to Rs 250.0 — no specific news
gained 1.52% to Rs 260.8 — no specific news
gained 1.52% to Rs 260.8 — no specific news
gained 1.52% to Rs 260.8 — no specific news
gained 1.52% to Rs 260.8 — Merged Timure branch into Trishuli branch following flood damage
gained 1.52% to Rs 260.8 — no specific news
gained 1.52% to Rs 260.8 — no specific news
declined 0.12% to Rs 250.7 — no specific news
declined 0.12% to Rs 250.7 — no specific news
declined 0.12% to Rs 250.7 — no specific news
gained 0.80% to Rs 251.0 — no specific news
gained 0.80% to Rs 251.0 — no specific news
no market data — no specific news
no market data — no specific news
no market data — no specific news
no market data — no specific news
no market data — no specific news
no market data — no specific news
no market data — no specific news
Context
Machhapuchchhre Bank is actively pursuing strategies to enhance operational efficiency and reduce costs. As part of these efforts, the bank announced plans to merge eight of its branches. The bank's recent strong profit growth (50.42% increase to NPR 1.65 billion) positioned it in the 'billion club', reflecting improved earnings performance. The bank's dividend proposal for FY 2082/83 has been endorsed by the board and is currently awaiting approval from Nepal Rastra Bank. There are no new structural announcements or management changes reported today.
On 2026-09-17, the bank issued an urgent notice regarding inactive accounts dormant for 10 years, reflecting ongoing efforts to manage account activity and compliance.
Today, the bank merged its Timure branch into the Trishuli branch following flood damage, continuing its branch consolidation strategy to improve operational efficiency and manage risks related to natural disasters.
- last market date
- 2026-10-01
- last price
- 247.8
- last price change pct
- -0.88
- sector
- Commercial Banking
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