NIBL completes 32 years of operation

Kathmandu, February 25

Nepal Investment Bank Ltd (NIBL) has completed 32 years of operation in the country. Issuing a press statement today, officials of NIBL attributed the bank’s success to consumer satisfaction and support that NIBL has received so far.

According to NIBL, the bank today has more than 800,000 consumers who are obtaining various banking services through 63 branches of NIBL spread across the country. While NIBL has 98 ATM counters throughout the country, the number of subscribers to the bank’s Visa debit card has exceeded 550,000, as per NIBL.

Officials of the bank also informed that NIBL was able to record operating profit of Rs 5.24 billion and net profit worth Rs 3.1 billion in fiscal year 2016-17. Similarly, NIBL’s paid-up capital had exceeded Rs 10.62 billion in the last fiscal year. In the second quarter of fiscal 2017-18, NIBL has been able to record net profit of Rs 1.83 billion while the bank has collected total deposits worth Rs 130 billion.

The press release also states that the bank has continuously been accorded ‘A’ rating by internationally recognised credit rating agency — ICRA Nepal Ltd. Moreover, NIBL is the only domestic bank to have received prestigious ‘Bank of the Year’ award on five occasions.