Muktinath Bikas Bank unveils 3P: Progress, Product & Participation

Muktinath Bikas Bank Limited (MNBBL) has unveiled its results in terms of 3 “P”s: Progress, Product and Participation. Releasing its financial statements up to the third quarter of the current fiscal year 2073/74, it has posted “Progress” in all areas. Its deposits has increased by 53.84% to Rs 15.14 arba and loans has increased 64.68% to Rs 14.17 arba till the end of the third quarter. It has been able to post a 43.02% increase in its net profit up to Rs 35.51 crore. Likewise, it has unveiled a new “Product”. Its “Semi Fixed Deposit Account”, a new deposit product, offers an attractive interest rate of 9% to its customers. Similarly, it has also been showing active “Participation” in social services. As part of its Corporate Social Responsibility (CSR) activities, its staffs and directors have been serving in various social activities like Bagmati Cleaning Campaign and Firke Bulaudi Cleaning campaign in Pokhara. The bank aims to continue its participation for betterment of its society, said a press statement issued by the bank.