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NB’s Non Performing Loan Goes Below 2 Pc

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NB BankNepal Bangladesh Bank Limited informed that it has now less than 2 per cent as non performing loans. Releasing a press statement last Wednesday, the Bank informed that the non performing loan would decrease since it has received the payment of 29,14,012 units of promoters shares worth Rs 763 million from the Bangladesh based IFIC Bank. The Bank said it will utilize Rs 250 million out of the total payment to pay off the loans of different banks and financial institution taken by the NB Bank against the collateral of NB Bank’s shares, while remaining amount would be for recovering loans taken by its Nepali directors. The Bank claimed that the loans by the directors that was counted as the non performing loan, would be recovered now which would decrease the total nonperforming loan.

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