Civil Bank Anniversary: 8 Years Of Operation

November 27, 2018 | Investopaper

Civil Bank (CBL), one of the 27 commercial banks in Nepal celebrated its eighth anniversary on Monday. The celebration started as a tree plantation program was organised in the Pashupatinath Temple Area. Ikshyaa Raj Tamang, the chairman of the bank inaugurated the plantation program. The event was also attended by treasurer of Pashupati Area Development Fund Dr. Milan Kumar Thapa, CEO of the bank Mr. Gobinda Gurung, who were among many others who represent different organizations including the bank.

Civil Bank in its 8th anniversary planted 300 trees and has taken the responsibility to nurture the trees for a period of five years, the bank said in a statement. Also, the bank organised the blood donation camps at its head office and major cities across the country. Furthermore, scholarships were provided to the students on merit basis and to those studying in government school in rural areas having poor financial condition.

Talking about the performance of the bank, as per the financial report of 1st quarter 2075/76 based on NFRS system, the bank made a net profit of 18.50 profit, deposit of 39.43 arba , loans and advance 41.94 arba, NPL 3.06%, EPS 9.25 and Net worth per share 125.66. LTP stands at Rs. 163. The paid up capital stands at 8.003 arba and reserve of 2.05 arba.

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