Nepal Investment Bank Ltd (NIBL) has become the largest bank
in terms of paid up capital.
The
bank's capital base reached Rs 4.14 billion – after today's 27th
AGM's approval of 10 per cent bonus share proposed for the fiscal year 2012-13
– which is the highest capital base
amongst the private sector banks in the country, the bank said, adding that the
capital base is more than twice the minimum capital base prescribed by the
central bank.
The bank had
earned Rs 3.10 billion operating profit – before provision compared to a fiscal
year ago’s Rs 2.10 billion – in the fiscal year 2012-13, it said, adding that
the net profit also grew by 84.3 per cent – by Rs 875.75 million – to reach Rs
1.91 billion against a year ago's Rs 1.03 billion.
The board of
directors had proposed 10 per cent bonus share (Rs 376.80 million) and 25 per
cent cash dividend (Rs 942 million) from the net profit of last fiscal year,
when the deposits increased by 9.5 per cent to Rs 62.42 billion, against a
fiscal year ago’s Rs 57.01 billion. "Similarly, total lending of the bank
also grew by 11.2 per cent to Rs 47.70 billion from a fiscal year ago’s Rs
42.90 billion.
The bank has
also reduced it non-performing loans (NPAs) to 1.91 per cent from 3.32 per cent
a year ago.
With 500,000 customers
across the country and 44
branches and 73 ATM networks, Nepal Investment bank has also been rated 'A'
grade by the Indian Credit Rating Agency (ICRA) – for last four years – that
reflects the bank's strong creditworthiness and dependability as the leading
bank in Nepal.
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