HBL’s profit goes up by Rs 570 million
Himalayan News Service
Kathmandu, April 30:
Despite a fragile economic and business environment, Himalayan Bank Ltd, a joint venture bank of Habib Bank Ltd of Pakistan, has registered an operating profit of Rs 570 million in the nine months of the current fiscal year. Informing the press, the newly-appointed chairman of the bank Manoj Bahadur Shrestha said that the bank has been able to collect deposits over Rs 21 billion, while the bank has lent about Rs 13 billion in the nine months of the current fiscal year. He said that the Himalayan Bank has been ranked first among joint venture and private sector banks in terms of deposits and loan mobiilisation as of now.
Chairman Shrestha said that the bank has focused on productivity enhancement and service-oriented programmes. He also said that the bank intends to invest in projects which can help in production, thereby supporting national economic advancement. The bank also has a plan to do long-term investments in productive areas.