Kathmandu, February 26

Nepal Investment Bank Ltd (NIBL) has completed 33 years of operation. Since its establishment in 1986, the bank has constantly prioritised corporate excellence and customer satisfaction.

Keeping customer service in mind, NIBL currently has 78 branches, eight extension counters, nine tax collection extension counters, 49 branchless banking service, 110 ATMs and 3,665 POS terminals.

On the occasion of its 33rd anniversary, NIBL has also launched a new product called ‘Recurring Fixed Deposit Account’ effective from today. NIBL customers holding any type of savings account can open a recurring fixed deposit account for a minimum deposit of Rs 333 for 33 months and receive 9.25 per cent interest on their deposit.

Similarly, in order to promote financial literacy among children, NIBL has also officially launched a comic book named ‘Bank sanga ko nata, mero aafnai bachat khata’.

To mark the milestone, NIBL is also providing an exclusive offer of 33 per cent cash back to its Visa domestic cardholders while buying any items or service from its POS terminals installed across the country. The offer is valid for 33 days.

At present, NIBL has paidup capital of Rs 12.58 billion and reserve fund worth Rs 9.77 billion. Its shareholders’ fund also stands at Rs 24.87 billion. In the last fiscal year, the bank was able to generate operating profit of Rs 4.95 billion and net profit worth Rs 3.65 billion.

Over the years, NIBL has been able to bag the ‘Bank of the Year’ award on five occasions for its extraordinary service. It has also been honoured with the ‘Best Bank 2018’ award from the international publication Euromoney.

Moreover, the bank this year has also been given a A+ rating by ICRA Nepal, which is an upgrade from last year’s A rating.