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Nepal Investment Bank General Assembly Held

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Kathmandu, Oct. 22,2014: The Nepal Investment Bank (NIB) is to provide a cash dividend of 25 percent to each shareholder.

The decision was made by the 28 Th general assembly of the bank chaired by bank chairman Prithivi Bahadur Pandey.

The bank increased 26 percent net profit last fiscal year 2070- 71 BS as compared to the previous fiscal year, reaching Rs. 1.93 billion.

Its deposit is Rs. 1140 billion, loans Rs. 575 billion and investment Rs. 391 billion. The bank had started transactions 28 years ago with a paid up capital of Rs. 30 million and now it has reached Rs. 4.76 billion.

The total capital has reached Rs. 7.92 billion which is the largest among private sector banks.        It has 44 branches and 79 ATMs in the country.

Bank Chairman Pandey said the bank has a target to provide facilities by extending modern services with economic good governance.

Source:RSS

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