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Saturday, August 2, 2008
Nepal Bank Ltd posts profit
Nepal Bank Ltd earned a profit of Rs 830.7 million in the fiscal year 2007-08, which is an increase by 232.27 per cent over the last fiscal year. It posted a net profit of Rs 528.6 million, states a press release. NBL also registered increase in deposits by 7.10 per cent that stands at 39.14 billion. It was successful in reducing the non-performing loans to 8.05 per cent from last fiscal year’s 13.49 per cent.
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