Himalayan News Service

Kathmandu, January 13:

The 18th annual general meeting of the Nepal Investment Bank Limited (NIBL) held today decided to provide 15 per cent dividend to its shareholders from the profit made in the fiscal year 2003-04, including a call for a rights issue of 1:1. The bank made a total profit of Rs 153 million in the fiscal year 2002-03, an increase of 30 per cent over last year, a NIBL press statement issued here today said.

The deposit figure in the fiscal year 2003-04 end increased to Rs 11.52 billion (45.5 per cent increase) from the previous year while lending increased to Rs 6.92 billion (20 per cent increase). “The bank has been able to maintain ratio of non-performing assets (NPAs) at 2.47 per cent,” the statement said.