Lumbini Bank Ltd,
reported a rs 154,7
million profit in the first
quarter of current fiscal
year 2006/2007, during the
9th annual general meeting
in Narayangarh in Chitwan on
Thursday January 11. In
February 2006 the management
of the Lumbini Bank was
taken over by current
management under
chairmanship of Prakash
Shresta. Under this
management performance was
encouraging. The paid up
capital of the bank has been
raised to rs 600 million.