Kathmandu, July 29:

Nabil Bank Ltd has posted Rs 1.10 billion profit — before tax and bonus, for the fiscal year 2006-07 — an increment by 11.5 per cent against last fiscal year.

Announcing the provisional financial highlights of the current fiscal year, Anil Shah, CEO said, “Even during the hardest phase of the country, Nabil Bank has continued its better performance.”

“We have been able to achieve these unprecedented results because of our focus and dedication towards our mission statement ‘Bank of the First choice’. Our first stakeholder is our customers and the increase in our

deposits by 20.6 per cent to Rs 23.34 billion and loans by 19.8 per cent to Rs 15.90 billion is a reflection that more and more customers are choosing to bank with us,” he added.

The shareholders are our next stakeholders and consistent increase in share price of the

bank from Rs 715 in 2003 to around Rs 5000 currently, reflects the confidence of the shareholders on us, he said.