NIB recorded profit of 1arba and 19 crore

Kathmadnu, August 12 – Nepal Investment Bank(NIB) has earned a profit of 1 arba and 19 crore in fiscal year 2069/70. Bank has recorded 53 ruppes as income per share.

 

Bank had earned 1 arba 4 crore rupees as net profit in last fiscal year and maintained growth rate at 91 percent. Bank had 27.60 income per share last fiscal year. Bank's net profit has been affected after increase in provision rate. Bank had distributed 5 percent cash dividend and 25percent bonus share last year.

 

The current rate of bad debt ratio is 1.91 percent which was at 3.32 percent last year. Bank has declared its base rate at 9.16 percent, 5.48 percent spread rate and capital investment 5.44 percent. Investment bank has 3 arba 77 crore rupees as paid up capital. Bank has collected 80 crore rupees from debenture sell.