Talking to mediapersons at a function on Wednesday, Shrestha said growing competition among financial institutions, which have already crossed 235, is likely to bring unhealthy competition in the coming days.
He also stressed the need for creating investment-friendly environment so as to encourage private sector to invest more on infrastructure sector like hydropower and roads.
Speaking on the occasion, Ashoke SJB Rana, chief executive officer of the bank, highlighted the financial achievements of the bank and added that the total deposit of the bank has touched Rs 32.45 billion while the loans and advances have reached 21.35 billion by the end of first half of the current fiscal year.
Rana also said operating profit of the bank during the period has reached Rs 595.27 million and the bank has already installed 32 ATMs in different parts of the country. “The bank was able to reduce the percentage of its NPL (non-performing loans) to 2.36 percent, which was 3.61 percent during the previous year,” he told the press gathering.
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