NBL registers profit

KATHMANDU: Nepal Bank Ltd earned a profit of Rs 830.7 million in the fiscal year 2007-08, which is an increase by 232.27 per cent over the last fiscal year. It posted a net profit of Rs 528.6 million, states a press release. NBL also registered increase in deposits by 7.10 per cent that stands at 39.14 billion. It was successful in reducing the non-performing loans to 8.05 per cent from last fiscal year’s 13.49 per cent. — HNS

CBI Ltd’s new ATM

NEPALGUNJ: Citizens’ Bank International Ltd has started its ATM facility at its Dhambojhi branch in Nepalgunj. The branch opened on March 12. “With SCT networking, customers can withdraw cash without extra charge and SCT cards can be used in its ATM,” states a press release. In the fiscal year 2007-08, the bank collected Rs 6.13 billion deposit and floated Rs 4.79 billion loans. It has earned a profit of Rs 73.3 million, claims the bank. — HNS

CEDB at Birtamod

KATHMANDU: Clean Energy Development Bank has openede its second branch at Birtamod of Jhapa. It plans to open another branch on Durbar Marg here, states a press release. Established in 2006, CEDB plans to open four more branches. In the fiscal year 2007-08, CEDB earned a net profit of Rs 1.69 billion. — HNS

IME three years old

KATHMANDU: IME Financial Institute has completed its third year of establishment and has entered its fourth year. In the fiscal year 2063-064, IME collected Rs 1.5 billion deposit and floated loans worth Rs 1.36 million. IME has posted a operating profit of Rs 46 million. — HNS

TVS 160cc winner

KATHMANDU: Purushottam Ojha won second prize — a TVS 160 CC bike in the LG Lawalaskar

scheme. According to a release, KB Shrestha won Rs 1 lakh on scratch card.

Other scratch card winners got three days-two nights stay in either Pokhara or Sauraha. — HNS

BDB doubles profit

BIRATNAGAR: Biratlaxmi Development Bank collected deposits worth Rs 331.7 million during fiscal year 2064-065. The collection is a 103 per cent rise from the previous year’s collection. The bank also floated loans worth Rs 286.1 million during the same period. The amount is a rise by 95 per cent from the previous year’s amount. The bank recorded an operational profit of Rs 7.63 million, double the previous year’s profit. — RSS