The 32nd Annual General Meeting of Nepal Investment Bank was held on January 13 at Rastriya Sabha Griha, Kathmandu where it was decided to distribute 40% dividend – 18 % stock dividend and 22 % cash dividend – on its total paid-up capital to shareholders. During the year, NIBL earned operating profit of Rs 4.95 billion. The net profit of the bank for FY 2074-75 is Rs 3.65 billion. NIBL’s paid-up capital will reach Rs 12.58 billion (after issue of 18% bonus share for FY 2074-2075). In FY 2074-2075 NIBL’s deposits have increased by 11.45 %, reaching Rs 140 billion. Total lending of the bank increased by 14.44 % reaching Rs 120 billion. The NPA ratio of the bank is at 1.36 %.
The bank has more than 9 lakhs customer base catered from its 78 branches, 8 extension counters across the country. NIBL has a network of 109 ATMs and leads a consortium 14 Visa Associate banks and 7 NPN member banks.
During the fiscal year 2074-2075, NIBL Capital Markets Ltd. a wholly owned subsidiary of Nepal Investment Bank Limited acquired Ace Capital Limited to form NIBL Ace Capital Limited. It has become Nepal’s largest merchant bank to have paid-up capital of Rs 27 million with its branches located at Lal Durbar, Lagankhel, Pokhara, Butwal, Birgunj and Biratnagar.