Nepal Investment Bank receives ´A´ rating

Nepal Investment Bank Limited (NIBL), the largest private sector bank in terms of deposits and lending, has received an Investment Grade credit rating with the rating of NP ´A´ meaning adequate quality. NIBL has become the first Nepali corporate entity to receive such a rating from renowned ICRA Limited.

"The rating reflects the stable and sound nature of NIBL´s credit quality even as we hold one of the largest balance sheets in the financial sector. We will now take necessary measures to further improve risk management capacity and work towards achieving an even higher rating in future assessments," Prithivi Pande, chairman and CEO of the bank, told the gathering.

Source:
Myrepublica