Nepal Investment Bank's 26th Branch

Nepal Investment Bank Ltd (NIBL) opened its 26th branch in Palpa on Sunday. The branch will be linked through ABBS (Any branch Banking Services) to all other 25 branches. Key services provided include deposit and lending, foreign exchange, retail banking, import, export - letter of credit, guarantees and remittance. NIBL plans to have 50 branches in the country within two years. Total deposits of the bank as of Poush-end 2065 stood at Rs 4,1070 million and total loans and advances at Rs 3,2600 million. NPA is well within control at 1.12 per cent, said the bank that has issued a total number of 1,79,670 Visa debit/credit cards to its customers and earned Rs Rs 718 million operating profit by the end of Poush 2065.