Kathmandu, February 26

Established on February 26, 1986, with a vision to be the most preferred provider of financial services in the country, Nepal Investment Bank Ltd (NIBL) successfully completed 30 years of excellent banking services today.

NIBL’s mission is to be the best Nepali bank, delivering world-class services through a blending of state-of-the-art technology and visionary management to achieve sound financial health with sustainable value addition for all its stakeholders, as per a statement released by the bank today. It is committed to this mission while ensuring the

highest levels of ethical standards, professional integrity, corporate governance, and regulatory compliance.

As of the second quarter of the current fiscal year, NIBL has a deposit base of Rs 98.08 billion, and loans and advances stand at Rs 77.48 billion. As of the end of Poush, the bank’s net profit reached Rs 1.08 billion, while its total assets have reached Rs 114.33 billion. NIBL’s paid-up capital is Rs 6.34 billion and its shareholder fund stands at Rs 10.89 billion.

The statement further added that the ethos of corporate social responsibility (CSR) have been a vital core value for NIBL since its inception. The bank has been a pioneer and trendsetter in extending CSR support for the welfare of the community and the nation at large. While maintaining its support for the development of the nation’s diverse sectors over the years, the bank’s primary CSR objective and priority this year has been to alleviate the pain inflicted by the devastating earthquake that struck Nepal on April 25, 2015. NIBL has been proactive in initiating relief programmes to support earthquake-affected victims, providing instantaneous aid following the quake.

NIBL has a customer base of more than 680,000 people being served through 46 branches and 24 branchless banking locations nationwide. Its ATM network comprises of 82 ATMs and it has over 500,000 cardholders.

The bank has been awarded four times with the prestigious ‘Bank of the Year’ title, awarded by The Banker of the Financial Times, which is based in London, and has also been continuously receiving an ICRA Nepal Credit Rating ‘A’ since 2010-11.