“Established in 1986, the bank
received the prestigious ‘Bank of the Year’ award for the fifth time this year.
It is the first bank to fulfill the Rs. 8 billion paid-up capital requirement
for ‘A’ class commercial banks set by Nepal Rastra Bank,” said the bank in a
press statement, Sunday.
According to NRB provisions, all
‘A’ class banks should meet the criteria of having Rs. 8 billion paid-up
capital by the end of this fiscal year.
In the last fiscal 2015/16, the
bank had earned a Rs. 4.13 billion operational profit and Rs. 2.55 billion net
profit, which were about 32.6 per cent and 30 per cent higher than the previous
fiscal respectively.
The bank said that by the end of
the second quarter of the current fiscal the bank has earned Rs. 1.58 billion
net profit.
NIBL has Rs. 8.71 billion
paid-up capital and a Rs. 18 billion shareholders fund, which makes it the
largest private sector bank in the country.
It has 0.70 non-performing
loans.
The bank reaches out to 7,50,000
customers through 47 branches, two extension counters, 84 ATMs and 42
branchless banking.
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