A statement issued by the bank said that the net profit of the bank during the period stood at Rs 197.6 million that was 94 percent higher compared to the same period last year.
The statement further said that the bank has mobilized Rs 8.02 billion worth of deposit and the amount was 27 percent more than the deposit collected during the same period last year. Total lending of the bank during the period stood at Rs 6.31 billion and the bank was able to extend additional one billion rupees worth of lending during the first half of the current fiscal year, stated the release.
Likewise, the bank has also maintained a capital adequacy ratio of 12.11 percent though the requirement of Nepal Rastra Bank is 10 percent. The non-performing loans (NPL) of the bank has also declined to 10.32 percent, which was 60 percent less than the last year’s. The banks´s NPL last year was 26 percent. “The bank is doing all its best to bring down the NPL ratio to 5 percent by the end of the current fiscal year,” said the release.
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