Thursday, August 20, 2009

NIC Bank Posts 35pc Growth

NIC Bank posted a 35 KATHMANDU: NIC Bank posted a 35 per cent growth in operating profit to Rs 529 million and 30 per cent growth in net profit to Rs 317 million in comparison to the same period last year. Its Non performing loans currently stands at a mere 0.9 per cent, said the bank. The bank has a network of 21 branches with three more at Narayanghat, Teku and Malangwa being opened shortly.

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