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Net profit of Nepal Investment Bank Increases 74%

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Net profit of Nepal Investment Bank Increases 74%
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November 9:  The net profit of Nepal Investment Bank has amounted to Rs 740 million in the first quarter of the current FY. The amount is 74.78 percent more than the net profit of the same period of the last FY. During the review period, the operating profit of the bank has also increased by 88 percent to Rs 1 billion.

Similarly, the loan extension of the bank has increased by 87.83 percent to Rs 94.44 billion in the first quarter of the current FY. The bank has been able to recover Rs 33.5 million bad debt of the last FY. Meanwhile, the non-performing loan of the bank has reached 0.71 percent during the first three months of the current FY. 

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