Nepal Investment Bank Completes 30 Years of Service

Nepal Investment Bank Completes 30 Years of Service

Issue Name : Vol.10, No 13, February 24, 2017 (Falgun 11, 2073)

Nepal Investment Bank Ltd (NIBL) has completed 30 years of banking service. According to the bank, it was established in 1986 with the aim to be a top Nepali bank by providing world class services.

The bank claims that it has highest paid-up capital of Rs 8.7 billion amongst all banks and financial institutions of the country. Issuing a statement, NIBL said it earned operating profit of Rs 4.14 billion and net profit of Rs 2.25 billion in the last fiscal year.

Its mission is to be the top Nepali bank, delivering world-class services through a blend of state-of-the-art technology and visionary management to achieve sound financial health with sustainable value addition for all its stakeholders, as per a press statement. The bank is committed to this mission while ensuring the highest levels of ethical standards, professional integrity, corporate governance, and regulatory compliance.

NIBL has the highest paid-up capital of Rs 8.7 billion amongst all  financial institutions of  Nepal, and retains a reserve of Rs 7.5 billion. It has over 750,000 customers being serviced through 47 branches, 84 ATMs and over 300 Visa and NPN member bank ATMs. The bank has over 550,000 debit card holders.

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