NMB Bank bags ‘Bank of the Year – 2017’

KATHMANDU: NMB Bank has been awarded the prestigious ‘Bank of the Year-2017’’, by the Financial Times, London. The award reinforces NMB Bank as one of the top tier commercial banks in the country, and is a testament to the remarkable growth trajectory that the bank has embarked in the past few years, the bank said in a statement. Pawan Kumar Golyan, chairman and Sunil KC, chief executive officer of NMB Bank received the award on November 29. NMB Bank currently has consolidated assets worth Rs 88 billion, net worth of Rs 11.1 billion and posted a net profit of Rs 451 million at the end of the first quarter of fiscal 2016-17. The ‘Bank of the Year’ award is recognised as the industry standard for banking excellence globally. The winners are judged on the basis of their ability to deliver returns to shareholders, bank’s financial performance, shareholders’ value, customers’ initiative, amongst other parameters. “This award is dedicated with gratitude to our valued customers, shareholders, employees, regulatory bodies and well wishers who have consistently supported the bank over the years. Our success strengthens our commitment to work harder to contribute towards a ‘Samriddha Nepal’,” the statement added.