Nepal Infrastructure Bank Listed in Billionaire Club

Feb Thu 2021 08:51:45

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Nepal Infrastructure Bank Listed in Billionaire Club

Kathmandu. The market capitalization of Nepal Infrastructure Bank has exceeded one trillion. On Thursday, Nifra's market capitalization reached Rs 199.20 billion. At the same time, Nifra has set a historical record by entering the billionaire club the fastest.

According to Nepse, the bank, which started operations on Sunday, has set a new record by increasing its market capitalization to over Rs 100 crore in five days. Infrastructure Bank has become the first of the companies listed in Nepse to reach a market capitalization of over Rs 100 crore in a single week. Earlier, the market capitalization of the company in Nepal Reinsurance had exceeded Rs 100 billion in five months.