Kathmandu, February 26

Nepal Investment Bank Ltd (NIBL) has successfully completed 30 years of excellent banking services. The bank was established on February 26, 1986, with a vision to be the most preferred provider of financial services in Nepal.

Its mission is to be the top Nepali bank, delivering world-class services through a blend of state-of-the-art technology and visionary management to achieve sound financial health with sustainable value addition for all its stakeholders, as per a press statement. The bank is committed to this mission while ensuring the highest levels of ethical standards, professional integrity, corporate governance, and regulatory compliance.

NIBL has the highest paid-up capital of Rs 8.7 billion amongst all  financial institutions of  Nepal, and retains a reserve of Rs 7.5 billion. It has over 750,000 customers being serviced through 47 branches, 84 ATMs and over 300 Visa and NPN member bank ATMs. The bank has over 550,000 debit card holders.

During the last fiscal year, NIBL earned an operating profit of Rs 4.14 billion and net profit of Rs 2.55 billion. NIBL has NPA of 0.68 per cent and capital adequacy ratio of 14.92 per cent as of mid-July, 2016. It is the first and only private bank to meet the target given by Nepal Rastra Bank to increase the paid-up capital to Rs eight billion even before the target date.

The bank has also been awarded with the prestigious Financial Times ‘Bank of the Year’ award for five times and has been consistently receiving ICRA credit rating Nepal ‘A’.