The International Finance Investment and Commerce (IFIC) Bank, reported a 57% decline in its consolidated net profit in the first quarter of 2022. During the January-March quarter, its consolidated earnings per share (EPS) declined to Tk0.19, which was Tk0.44 at the same time in 2021. According to the bank's disclosure on the Dhaka Stock Exchange (DSE) website on Tuesday, its
Some Nepali newspapers reported that MV Dugar Group has filed a case in Kathmandu District Court against NBB share purchase agreement with Chaudhary Group
Nepalese newspapers, however, have reported that Chaudhary Group has expressed keenness to buy the IFIC Bank’s shares in the Nepal-based bank after the central bank of Nepal rejected the buying proposal of NB Group – a major stakeholder in the bank