NMB Bank registers first quarter profits

Banks in Nepal

Nepal merchant bank & finance ltd.
NMB is the brainchild of leading Nepali entrepreneurs with dream of framing the ultimate in merchant banking and financial services.
Nepal Bank
Rastriya Banijya Bank
fully government owned & largest commercial bank in Nepal. provides various banking services to a wide range of customers including banks, insurance companies, industrial trading houses, airlines, hotels, and many other sectors. RBB has Nepal's most extensive banking network with over 113 branches.
Siddhartha bank limited
Offers US dollar saving account with high return
Development Credit Bank
DCB is a private sector bank having access to over 11,000 ATMs and 72 state-of-the-art branches and extension counters spread over nine states and two union territories.
Development credit bank
Nepal Investment Bank
Laxmi bank

News item 03-06-2008

NMB Bank posted 180 per cent profit growth to Rs 98.2 million before tax in the first quarter of the current fiscal year 2010-11 compared to the same quarter last fiscal year.
“Despite difficult financial environment and political situation, the bank managed to collect Rs 10.70 billion deposits and floated Rs 9.14 billion loans and advances during the first quarter of the current fiscal year,” the bank said.
“Compared to last fiscal year 2009-10, NMB Bank has also been able to manage its capital adequacy ratio (CAR) to an improved standard of 16.63 per cent maintaining its strong balance sheet,” claimed the bank that has been upgraded to the class-A commercial bank from the class-C finance company couple of years ago.
Its credit to deposit (CD) ratio is at 77 per cent and Liquidity Ratio (LR) stands at 27 per cent, said the bank that has 15 branches and 11 ATM networks throughout the country. .

Nepal merchant bank - homepage

Other banking news and articles:

Sunrise Bank launches Easy banking: sms & internet banking services (17-3-2008)
Nabil Bank Nepal gets international rating (26-2-2008)
Prime commercial bank launches Prime gold saving scheme (18-2-2008)
Job hopping in bank sector of Nepal (4-2-2008)
Everest bank starts mobile banking (27-9-2007)
Standard Chartered PLC to acquire American Express Bank (19-9-2007)
Rastriya Banijya Bank reports profit (17-8-2007)
Total deposits at the banking sector grew by over 10 percent (24-6-2007)
ADBL reduces non performing loans (8-6-2007)
Nepal Stock Exchange suspends trading of Nepal Credit and Commerce Bank (30-1-2007)
Rastriya Banijya Bank privatisation (23-1-2007 )
recovery plan for bad loans (1-1-07)

Easy money and Nepalese banks

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