Bank of North Dakota posts record profits in 2018

BISMARCK, N.D (KFYR) Bank of North Dakota leaders say 2018 was a record year, posting $159 million in net earnings.

The BND told the Industrial Commission the state makes 18 percent on the money it invests in the bank.

A spokesman says this is the 15th straight year the bank has grown its profits to record levels.

Through its 99 year existence, the BND has earned more than a billion dollars for North Dakota, according to a press release.

Much of that money goes back into the state through the general fund, disaster relief and other programs. ​