SUCCESS STORIES

Traditional Management:

  • From 1994 to 2059 ( 65 years)
  • Loans and Advances Rs. 8.6 billion in 2059 Ashad end.
  • Deposit Rs. 34 billion in 2059 Ashad end.
  • Poor collection mechanism of loans resulted in heavy losses.
  • No existence of Basel and other improved bank regulation frameworks.
  • Poor supervision and ad-hoc style of loan sanctioning resulted in NPL of Rs. 11 billion by the end of F/Y 2059.
  • Deposit Rs.34 billion and net loans and advances (after provision) Rs. 8.6 billion
  • NPA reached 56% in FY 2058-59.
  • No regular audit.
  • Unnecessarily huge branches. (241 branches including head office)
  • Bank staff nearly 6000 at the end of FY 2058-59.

Foreign Management:

  • In 2058/12/01 foreign management (ICCMT) appointed, lasted for 5 years till 2064/4/4
  • Deposit reached Rs 39 billion in 2064 Ashad end.
  • Loans and Advances reached Rs. 13 billion in 2064 Ashad end.
  • NPL significantly decreased from 60% to 12%.
  • Massive reduction of employees in 3 phases, from 5598 in 2058/59 to 2937 in 2059/60 using VRS.
  • Computerized software (Newton) installed.
  • Profit became positive.

NRB direct management :

  • From 2064/04/05 to 2071/12/11
  • ATM facility started from Baisakh 25, 2066.
  • Deposit climbed from Rs. 39 billion to 69 billion in 2071 Ashad End.
  • Loans and Advance climbed from Rs 13 billion to Rs. 41 billion in 2071 Ashad End.
  • NPA decreased from 12% to 5.12%.
  • No. of employees decreased from 2937 to 2618.
  • Branches increased from 97 to 120.

Board appointed Current management:

  • From 2071/12/12 till date.
  • Branch network established all over the country (133 branches).
  • Advanced Pumori version IT system introduced and existing two systems integrated.
  • ATM facility further enhanced and running in 54 locations all over the country.
  • Deposit reached 94 billion in 2074 Asadh end.
  • Credit exposure reached 74 billion till 2074 Ashad end.
  • NPA decreased from 5.12% to 3.17%.
  • Profit impressively increased from 0.72 billion to 3.22 billion positive.
  • Negative reserves improved to become 3.51 billion positive.
  • Share Capital increased to 8.04 billion.

A few important data

  • Branch number: 133
  • Staff number: 2200
  • ATM number: 54 (to be increased to 64 within 2074/75)
  • Active ATM Clients: 44,132
  • Mobile Banking clients: 88,460
  • Deposit holder number: 13.43 lakhs
  • Credit clients number: 2.26 lakhs
  • Total Customers: 15 Lakhs (approx.)
  • Coverage District= 53 (to be increased to 61 Districts within 2074/75)

Financial positions

 

Credit

Deposit

NPA

Profit

Reserve & Surplus

Share Capital

Before Foreign Management(2060 Ashad end)

18 billion

35 billion

60%

0.25 billion negative

10.21 billion negative

0.38 billion

During Foreign Management (2064 Ashad end)

13 billion

39 billion

12%

0.23 billion

6.6 billion negative

0.38 billion

During NRB Management (2071 Ashad end)

41 billion

69 billion

5.12%

0.72 billion

3.11 billion negative

6.47 billion

Current Management (2074 Asadh end)

74 billion

94 billion

3.17%

3.22 billion

3.51 billion

8.04 billion


Financials/Yearwise

Year

Deposits

loans and advances (gross)

Investments (gross)

Interest Income

Interest Expenses

Operating Profit

Net Profit

NPA %

2057/58

35,619

20,419

6,776

2,368

1,745

-2,298

-2,178

50.8

2058/59

34,265

19,253

7,151

1,527

1,713

-3,196

-3,071

56.27

2059/60

35,014

18,132

12,464

2,200

1,586

-837

-252

60.47

2060/61

35,735

17,938

11,021

1,825

1,026

-129

710

53.74

2061/62

35,934

16,866

14,220

1,987

749

111

1,730

49.64

2062/63

35,830

12,442

14,501

2,049

774

-389

1,207

18.18

2063/64

39,014

13,757

16,083

1,849

773

-37

227

13.49

2064/65

41,829

15,765

16,652

2,095

773

-36

239

12.38

2065/66

45,194

19,560

13,479

2,690

792

146

894

4.94

2066/67

42,882

25,052

5,866

3,068

910

-622

249

5.37

2067/68

46,808

26,706

7,667

3,741

1,482

-56

128

5.75

2068/69

56,052

29,699

8,473

4,051

2,197

-210

176

5.58

2069/70

62,984

37,582

11,058

4,740

2,214

104

755

5.24

2070/71

69,338

41,218

22,664

5,011

2,188

-6

359

5.12

2071/72

77,999

53,388

16,902

5,122

1,811

386

483

3.98

2072/73

89,410

63,527

12,843

6,263

1,658

1947

2882

3.11