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Nepal Investment Bank Ltd has been awarded with The Bankers Award 2010

Banks in Nepal
Nepal Investment Bank
Nepal Investment Bank Ltd. (NIBL), previously Nepal Indosuez Bank Ltd., was established in 1986 as a joint venture between Nepalese and French partners. The French partner (holding 50% of the capital of NIBL) was Credit Agricole Indosuez, a subsidiary of one the largest banking group in the world.
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News item 04-12-2010

Nepal Investment Bank Limited (NIBL), one of the leading commercial banks of the country has been awarded with The Bankers Award-2010 by the Banker Magazine. This is fourth time that the NIBL has been honoured with this award. The bank has been awarded for its strong performance in the financial year 2009-10, during which it upped its tier 1 capital by 45.9 percent, increased net profit by 29.2 percent and reduced NPL to 0.58 percent. "The bank achieved the highest growth of any Nepalese bank in terms of deposits, assets and capital," says the Banker.
The bank has also won the 'Bank of the Year' award in 2003, 2005 and 2008. The Banker's Bank of the Year Award is regarded as the industry standard for banking excellence. The winners are judged on the basis of their ability to deliver returns to shareholders and gain strategic advantage, bank's financial performance, shareholders' value, customers' initiative, among others.

 

Read more about the Bankers Magazine "Bankers Award 2010"

 

Other banking news and articles:

Merger of Nepal Investment Bank and Everest Bank put on hold (14-10-2010)
Mega Bank Nepal starts operation as 28th commercial bank (23-7-2010)
Nabil Bank issues ultimatum to pay loans to proprietors of B & B Hospital (21-7-2010)
Sunrise share applications rejected (10-7-2009)

Increasing number of banks in Narayangadh (09-5-2009)
Ace development fails to return Citizen Bank IPO deposits (13-4-2009)
New logo for Siddhartha Bank (9-4-2009)
Nabil Bank Nepal gets international rating (26-2-2008)

Prime commercial bank launches Prime gold saving scheme (18-2-2008)
Profit of Global Bank (1-2-2008)
Job hopping in bank sector of Nepal (4-2-2008)
Neelgiri Development Bank collected a deposit of Rs 45.7 million (21-1-2008)
Sunrise bank starts operations (11-10-2007)

 

 

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