Net Profit of Nepal Bank Increases 4 folds

May 11: Net profit of Nepal Bank has increased by 4 fold to Rs 1.64 billion in the third quarter of current fiscal year. Increase in net interest income by 32 percent and recovery of Rs 410 million bad debt of previous fiscal year has attributed growth in net profit of the bank.

Similarly, investment of the bank has increased by 34.37 percent to Rs 17.51 billion. Meanwhile, the bank has decreased provision for possible losses by 52.63percent to Rs 186.2 million.