Nepal Investment Mega Bank Concludes Successful 37th AGM for Fiscal Year 2079/80

Wed, Apr 3, 2024 7:40 AM on Latest, AGM/Special AGM, Corporate,

Nepal Investment Mega Bank Limited (NIMB) recently concluded its 37th Annual General Meeting for the financial year 2079/80 at Nepal Pragya Pratisthan, Kamaladi, Kathmandu.

During this period, the bank achieved a net profit of 3 Arba 72 crore rupees, reflecting stability compared to the previous year due to its merger with the former Mega Bank Nepal Limited. Total deposits increased from 3 Kharba 43 Arba rupees in the previous financial year to 3 Kharba 60 Arba rupees by the end of 2079/80.

Despite this, the total loans and deposits remained stable at 3 Kharba 12 Arba rupees. The merger between Nepal Investment Bank Limited and Mega Bank Nepal Limited in 2079/80, forming Nepal Investment Mega Bank Limited, contributed to this consolidation trend in the banking sector.

The bank's paid-up capital now stands at 34 Arba 13 crore rupees, with a total shareholder's fund of 55 Arba 60 Crore rupees. Serving over 32 lakh customers through various channels including branches, ATMs, extension counters, and branchless banking, the bank has earned recognition for its quality services, receiving the "Best Bank 2023" title from Euromoney.