KATHMANDU: Nepal Investment Bank Ltd (NIBL) has successfully held its 29th annual general meeting (AGM) for the fiscal year 2014-15 here on Monday. The AGM highlighted the bank’s major achievements in the fiscal, future plans, performance targets and strategies, as per the press statement. In the fiscal 2014-15, NIBL earned operating profit of Rs 3.11 billion before provision compared to previous year’s Rs 3.16 billion. The net profit of the bank grew by 1.1 per cent to Rs 1.96 billion against Rs 1.93 billion of previous year. NIBL paid-up capital reached Rs 6.34 billion (after 33 per cent bonus share proposed in fiscal 2014-15). NIBL capital base reached Rs 9.80 billion. In fiscal 2014-15, the bank’s deposits increased by 22.8 per cent, reaching Rs 90.63 billion. Total lending of the bank increased by 26.6 per cent to Rs 67.69 billion.  Due to recovery of non-performing loans (NPAs) during the year, NPA ratio of the bank declined to 1.25 per cent against 1.77 per cent last year. The bank’s future endeavours include extending financial support for restoration of national heritage sites that have been destroyed by the devastating quake and subsequent powerful aftershocks.