NCC Bank's Loan Extension Increases 17%

November 14: Nepal Credit and Commerce Bank's loan extension amount has reached Rs 25.34 billion in the first quarter of the current FY which is 17.23 growth than the corresponding period of the last FY. Meanwhile, the bank earned net profit of Rs 129 million.

Similarly, the operating profit of the bank has increased to Rs 170.4 million which is 27 percent growth compared to the same period of the last FY. The bank has recovered Rs 32.3 million bad debt of the last FY. The bank has non-performing loan of 0.96 percent during the review period.