Nabil Bank Annual Report

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23 rdANNUAL REPORT 2006/07

NABIL BANK Annual Report 2006/07



About Nabil Bank Directors’ Report Message from the CEO Risk Management Corporate Governance: Our Way of Life

3 5 20 25 29

Human Resource Corporate Social Responsibility Products and Services Auditor’s Report Balance Sheet

31 33 35 43 44

Profit & Loss Account Profit & Loss Appropriation Account Statement of Changes in Equity Cash Flow Statement Schedules

45 46 47 48 49


NABIL BANK Annual Report 2006/07

The 1st Joint Venture Bank in Nepal with a 23 Year History
Nabil Bank, the 1st foreign joint venture Bank set up in the nation with an objective to introduce modern banking services, commenced its operations on 12th of July 1984 with Rs. 28 million capital and around 50 staff. Dubai Bank Limited, Dubai was the foreign joint venture partner who extended Nabil a technical service agreement in the initial period. The Bank, through its quality customer service and innovative products, has today attained a distinguished recognition in the banking industry of Nepal. The figures in the table below enumerate its 23 year old journey: Figures in NPR Millions Mid July 1989 5th Year 1994 10th Year 1999 15th Year 2004 20th Year 2007 23rd Year

Networth Deposits Loans Investments Profit after Tax Total Assets Non-Performing Loans: Total Loans (%) Provision held: Non-Performing Loans (%) Capital Adequacy Ratio (%) Return on Equity (%) Return on Assets (%) Number of Outlets Number of ATMs

78 779 362 297 25 964 3.4 85 10 48.6 2.7 6 -

323 4,408 2,388 1,911 114 5,445 7.0 50 10 48.6 2.2 9 -

879 9,464 5,789 4,634 266 12,430 11.2 55 13 30.7 2.2 15 -

1,482 14,119 8,549 6,755 455 16,745 3.3 125 13 34.7 2.7 17 5

2,057 23,342 15,903 9,520 674 27,253 1.1 200 12 35.9 2.7 18 17

(By 18 December 2007, number of outlets and ATMs reached 28 and 31 respectively)

Today Nabil stands in a position to claim that it is the "Bank of 1st Choice" to all its stakeholders. In the span of 23 years, it has already distributed Rs. 2.86 billion cash dividend and the wealth of the shareholders of the Bank grew to Rs. 24.8 billion as at mid July 2007. Spectacular return on assets and return on equity even during a turbulent and competitive time highlight the inherent strength of the Bank. The Bank provides a complete range of consumer, retail, SME and corporate banking services through its offices spread across the country. Nabil is the sole banker to a multitude of large corporates, international aid agencies, NGOs and embassies. It is the largest private bank in the country in terms of branch and ATM network. All its branches are interconnected on real time basis. On the

technological front, the Bank has earned a reputation in providing an array of card products and Internet / Telebanking facilities besides ATMs and Any Branch Banking Service. The statement 'Your Bank at Your Service' that the Bank holds on firmly is a resemblance that the Bank's stakeholders are at the core of everything it does. As for the culture embraced by the entire Nabil team, a set of Values, referred to as 'C.R.I.S.P.' in short, represents the fact that the bank uninterruptedly strives to be Customer Focused, Result Oriented, Innovative, Synergistic and Professional. By living these Values, individually as professionals and collectively as a Team, Nabil Bank is committed to Surge Ahead to continue to be the Bank of 1st Choice in Nepal.

NABIL BANK Annual Report 2006/07


Mr. Satyandra Pyara Shrestha Chairman Representative of group ‘A’ shareholders Former Governor, Nepal Rastra Bank, the Central Bank of Nepal Former Advisor - South East Asian Executive Director’s Office, IMF, USA.


NABIL BANK Annual Report 2006/07

FY 2006/07 Ladies and Gentlemen,
It gives me an immense pleasure to welcome you all to the 23rd Annual General Meeting of the Bank and to...
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