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COSMOS Devt Bank's Operating Profit Rs 24.2 Million

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COSMOS Devt Bank's Operating Profit Rs 24.2 Million
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July 21: COSMOS Devt Bank has earned operating profit of Rs 24.2 million in the FY 2072/73. According to Hridaya Raj Ghimire, CEO of the bank, the bank has earned 15.4 million net profit after allocating funds for employee bonus and income tax. Speaking in a program organised on July 20, he said, "The net profit in the last FY has grown by 64 percent compared to the previous FY. The collection of deposit has increased by 38 percent and loan extension has increased by 37 percent. The bank will expand its paid-up capital issuing right shares in the ratio of 1:1 from July 26."

The bank is providing various types of loan services including micro finance loan, trading loan, gold and silver loan and agricultural loan. Similarly, the bank also provides home loan, hire purchase loan, foreign employment loan and overdraft services.

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