NCC bank posts profit

Nepal Credit and Commerce (NCC) Bank has earned profit of Rs 468 million in the third quarter of the current fiscal year. In the last quarter reserve fund declined by Rs 6 million while in this quarter the reserve fund increased by Rs 45.8 million. The bank was able to collect deposit worth Rs 9.784 billion and floated the loans worth Rs 8.708 billion. In this quarter bank's total nonperforming loans have been decreased by 2.6 per cent.