Nepal Investment Bank Ltd (NIBL) now is the bank with the highest capital base, which is twice the minimum capital base directed by Nepal Rastra Bank (NRB), amongst the private sector banks in the country. The paid-up capital of the bank crossed the 4 billion mark to NRs 4.14 billion, according to the bank.
The bank’s annual general meeting (AGM) approved the bank’s decision to distribute 25 per cent cash dividend and 10 per cent stock dividend to the existing shareholders. Last year, the bank had distributed 30 per cent dividend.
NIBL reported an operating profit of NRs 3.10 billion for Fiscal Year 2012/13 while its net profit grew by 84.3 percent to reach NRs 1.91 billion against the previous fiscal year´s figures of NRs 1.03 billion.
NIBL serves more than 500,000 customers through its 44 branches and 73 ATMs throughout the country. NIBL has been rated ‘A’ grade by the Indian Credit Rating Agency (ICRA) for the past four years for its creditworthiness as the leading bank in Nepal.