NIBL Meets Minimum Paid-up Capital Requirement

September 28: Nepal Investment Bank has met the minimum paid-up capital of Rs 8 billion as per the directive of Nepal Rastra Bank (NRB). Following the approval of 21 percent bonus share proposal by the 30th annual general meeting of the bank, the paid-up capital of the bank has reached Rs 8.71 billion. 

Issuing a press statement, the bank informed that the bank has become the first commercial bank from private sector to meet the minimum paid-up capital as required by NRB directive. The total capital fund of the bank has reached Rs 16.29 billion. 

The bank informed that Bhuneshwor Prasad Shah and Nirajan Man Shrestha from general shareholders and Binod Kumar Guragain from Promoter shareholders have been elected as board of directors. 

Presently, the bank has been able to collect deposit of Rs 108.62 billion and extend loan of Rs 87.01 billion.