Nepal Clearing House Ltd. (NCHL) conducted its 13th Annual General Meeting (AGM) on January 12, 2025, during which the audited financial results for the fiscal year 2080/81 were approved. Below are the key outcomes from the meeting:
Key Financial Decisions:
- The AGM approved a 19% issuance of bonus shares along with a 1% cash dividend for tax purposes.
- The paid-up capital will increase to NRs. 1,268,270,900, while the authorized capital will expand to NRs. 2.25 billion. This capital expansion is aimed at enhancing investments in national payment systems, risk management, and infrastructure projects.
Financial Growth:
NCHL posted a 6.2% growth in net profit, attributed to a 54% surge in transaction volume, which totaled 126 million transactions, amounting to NRs. 15.6 trillion.
Board of Directors:
The AGM also re-elected three members to the Board of Directors: Mr. Ujjwal Rajbhandari, Mr. Mahesh Sharma Dhakal, and Mr. Srijan Krishna Malla.
NCHL’s Contribution to Payment Systems:
NCHL continues to drive Nepal’s digital payment ecosystem with its systems such as NCHL-ECC, NCHL-IPS, and NEPALPAY QR, serving 53 direct members and over 100 indirect members nationwide. These platforms play a crucial role in enhancing the financial infrastructure in Nepal.