KATHMANDU, Dec 4: NMB Bank has been awarded the 'Bank of the Year 2017' by the Financial Times, London. Issuing a statement, the commercial bank said that the award has reinforced NMB Bank as one of the top tier commercial banks in the country.
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"It is an indicator of the bank's remarkable growth in the past few years," the bank added in the statement. NMB bank is the only Nepali bank to become a member of the Global Alliance for Banking on Values (GABV). According to the statement, the bank currently has consolidated assets size of Rs 88 billion (US$ 864 million) and net worth of Rs 11.1 billion (US$ 109 million). It made a net profit of Rs 451 million (US$4.3 million) at the end of the first quarter of the current fiscal year, according to the statement.
