First Business News Portal in English from Nepal
KATHMANDU: Nepal Investment Bank Limited (NIBL) has reported a decline in its net profit by 26.13 percent in the first quarter (Q1) of 2020-21.
As per the first-quarter report published by the bank, its net profit declined to Rs 623.8 million in Q1 this year from Rs 844.4 million during Q1 last year.
Similarly, the bank’s operating profit decreased by 26.13 percent to Rs 891.6 million in Q1 this year.
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