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Net Profit of Nepal Gramin Bikash Bank Increases Two Folds

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Net Profit of Nepal Gramin Bikash Bank Increases Two Folds
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November 14: The net profit of Nepal Gramin Bikash Bank has increased by 2 folds during the first quarter of the current FY. During the review period, the bank earned Rs 30 million net profit. The increase in net profit of the bank is attributed to the increase in operating profit and net interest income.

Similarly, the operating profit of the bank has increased by 3 times to Rs 45.5 million in the first quarter of the current FY in compare to the same period of the last FY. Moreover, the loan extension of the bank has increased by 21.31 percent to Rs 6.85 billion. However, the reserve fund of the bank has decreased by 80.21 percent to Rs 45.8 million during the review period in compare to the corresponding period of the last FY. 

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