LBL brings four-year plan

Kathmandu, May 21 :

The management of Lumbini Bank Ltd (LBL) has come out with a four-year management plan today in a bid to revive the financial health of the bank, states a press release issued here today.

The plan, which covers the short term, medium term and long term strategy, was prepared in three segments that has been termed as comprehensive action document by taking stock of the current situation, future strategies and financial projections. As per the financial projects, the bank aims to increase its deposit base to Rs 8.3 billion by 2066-67 BS. Currently, LBL’s deposit base stands at Rs 4.5 billion.

Similarly, bank’s loan portfolio is expected to increase to Rs 7.6 billion. The bank says that profit before tax will also increase.