Nepal Investment Bank Ltd (NIBL) held its 19th Annual General Meeting at Royal Nepal Academy on 6 January. Chairman and Chief Executive Director Prithibi Bahadur Pande presented the directors report, balance sheet and profit and loss account for fiscal year 2004-05. NIBL was awarded the prestigious 'Bank of the Year 2005' by London based Financial Times Group's The Banker, making it the first Nepali Bank to win the award two times in three years. NIBL also opened its 13th branch in Narayangargh in the past year.