NIBL general meet approves cash, stock dividend

- POST REPORT, Kathmandu
NIBL general meet approves cash, stock dividend

Oct 22, 2014-

The 28th annual general meeting (AGM) of Nepal Investment Bank Limited (NIBL) on Wednesday approved 15 percent bonus shares and 25 percent cash dividend as proposed by bank’s board.

“With 15 percent bonus shares, the bank’s paid-up capital has reached Rs 4.76 billion, which is more than twice the minimum capital prescribed by the Nepal Rastra Bank,” read a bank statement. “NIBL’s capital base reached Rs 7.92 billion which proves to be the highest capital base amongst the private sector banks in the country.”

In the last fiscal year, the bank recorded a net profit of Rs 1.93 billion, while its deposit base reached Rs 73.83 billion and lending Rs 53.45 billion. The bank’s non-performing loans declined to 1.77 percent.

NIBL serves more than 550,000 customers across the country with 44 branches, 83 ATM counters and over 300+ VISA and NPN Member Bank ATMs. The bank has started issuing the “Medicash” card, encompassing a broader access to world-class health and wellness care services to facilitate medical tourism in India.

The card also offers value-added payment options besides introducing a new concept of healthcare card services in Nepal. Furthermore, NIBL has also started issuing worldwide accepted travel cards for customers travelling abroad.

Published: 23-10-2014 09:18

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment