NCC Bank’s profit Rs 570 million

KATHMANDU: NCC Bank has posted a net profit Rs 570.4 million (before tax and bonus) in the fiscal year 2008-09, according to unaudited accounts of the bank. It also collected Rs 9.13 billion deposit and invested Rs 7.18 billion during the period. The bank reduced its Non Performing Assets (NPA) to 2.74 per cent from last fiscal year’s 16.42 per cent. — HNS