KATHMANDU: NIC Bank opened its new branch in Butwal from Wednesday making it to a total of 16 branches across the country, states a press release.

The branch provides full range of banking services including trade, finance, remittance, business banking, ATM/debit cards, drafts, SMS banking and many more. According to unaudited report, it has posted a whopping 57 per cent growth in its net profit to Rs 249 million in the fiscal year 2007-08.