Nepal Investment Bank celebrates 30 Years

Nepal Investment Bank Ltd. (NIBL) has successfully completed 30 years of excellent banking services. The bank was established on February 26, 1986 with a vision to be the most preferred provider of financial services in Nepal. Its mission is to be the top Nepali Bank, delivering world-class services through a blending of state of the art technology and visionary management to achieve sound financial health with sustainable value addition to all its stakeholders. The Bank is committed to this mission while ensuring the highest levels of ethical standards, professional integrity, corporate governance, and regulatory compliance. The ethos of Corporate Social Responsibility (CSR) has been a vital core value for Nepal Investment Bank Ltd. since its inception. The bank has been a pioneer and a trendsetter in extending CSR support for the welfare of the community and nation at large. The bank has been actively involved in Heritage & Art conservation .It is also extending its support for the development of the nation’s diverse sectors over the years, Nepal Investment Bank Ltd. has the highest paid-up capital (NPR 8.7 billion) amongst all the financial institutions of Nepal, and retains a reserve of NPR 7.5 billion. NIBL has over 7,50,000 customers being serviced from 47 Branches , 84 ATM’s network and over 300+ VISA and NPN Member Bank ATMs & more that 550,000 Debit card holders During the last fiscal year, NIBL earned Operating Profit of NPR 4.14 billion & Net Profit of 2.55 Billion. NIBL has NPA of 0.68 % and capital adequacy ratio of 14.92 % as of Mid-July 2016. NIBL is the first and only bank to meet the target given by NRB to reach the Paid Up capital above 8 Billion Rupees even before the target date amongst private banks. The Bank has also been awarded with the prestigious Financial Times “Bank of the year” award for five times and has been consistently receiving ICRA credit rating Nepal ‘A’. (PR)