| PBV | 5.64 |
| Fiscal Year | 082/083 |
| Quarter | q3 |
| EPS | -3.89 |
| Book Value | RS. 75.05 |
| Paidup Capital | RS. 848106000 |
| Base Rate | 7.57% |
| CD Ratio | 68.04% |
| Spread Rate | 3.46% |
| NPL | 5.58% |
View more details stock info of PROFL
About Progressive Finance Limited
Introduction
Progressive Finance Limited is a leading Class 'C' licensed financial institution in Nepal, regulated by Nepal Rastra Bank (NRB) under the Nepal Rastra Bank Act, 2062. The company was incorporated as a Public Limited Company on 14 Ashwin 2051 B.S. under the Companies Act, 2021 B.S. and officially commenced its banking operations on 14 Falgun 2052 B.S.
Headquartered at Pako, New Road, Kathmandu, Progressive Finance Limited has been delivering trusted, customer-focused financial services for decades. The institution is committed to promoting financial inclusion, supporting economic growth, and providing reliable banking solutions to individuals, businesses, entrepreneurs, and corporate clients across Nepal.
Originally established as Merchant Finance Limited, the company officially changed its name to Progressive Finance Limited in 2067 B.S. following approval from its Annual General Meeting (AGM), Nepal Rastra Bank, and the Office of the Company Registrar. This transformation reflected the institution's vision for sustainable growth, innovation, and long-term value creation.
As part of its capital expansion strategy, Progressive Finance Limited successfully completed its Initial Public Offering (IPO) by issuing 120,000 ordinary shares on 28 Shrawan 2064 B.S. The company further strengthened its financial foundation through the issuance of 59,01,000 rights shares at a ratio of 1:2.81, significantly enhancing shareholder value and capital adequacy. By 15 Baishakh 2076 B.S., the company's total capital had reached NPR 800.1 million (Rs. 80,01,00,000), representing an important milestone in its growth journey.
Over the years, Progressive Finance Limited has earned a strong reputation as a dependable and professionally managed financial institution in Nepal. The company offers a wide range of deposit products, lending solutions, and customer-centric financial services designed to meet the evolving needs of individuals and businesses. Through competitive interest rates, innovative financial products, and efficient service delivery, Progressive Finance Limited continues to build lasting relationships with customers while contributing to Nepal's financial sector and economic development.
Our Commitment
At Progressive Finance Limited, our mission is to make financial services accessible, secure, and rewarding for every customer. We remain dedicated to:
Providing reliable, transparent, and customer-focused financial services.
Offering competitive deposit schemes and lending solutions tailored to diverse customer needs.
Supporting individuals, entrepreneurs, businesses, and institutions with responsible financing.
Protecting depositors' savings through prudent financial management and sound corporate governance.
Creating long-term value for shareholders while maintaining sustainable business growth.
Delivering efficient, technology-driven, and secure banking experiences.
Contributing to Nepal's economic progress through responsible financial intermediation.
With a legacy built on trust, integrity, and service excellence, Progressive Finance Limited continues to strengthen its position as a reliable financial partner, helping customers achieve their financial goals while supporting sustainable economic development across Nepal.