NIBL Crosses NRs 4 Billion Mark

NIBL Crosses NRs 4 Billion Mark

Jan. 11, 2014, 5:45 p.m. Published in Magazine Issue: Vol: 07 No. -14 Jan. 10- 2014 (Poush 26, 2070)

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.

More on Economy

The Latest

Latest Magazine

VOL 12 No.04, September 07, 2018 (Bhadra 22, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.03, August 17, 2018 (Bhadra 01, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.02, August 03, 2018 (Shrawan 18, 2075) Online Register Number: DOI 584/074-75

VOL 12 No.01, July 20, 2018 (Shrawan 04, 2075) Online Register Number: DOI 584/074-75