Kathmandu. Garima Bikas Bank has published its financial statements. The bank has published its fourth quarter unaudited financial statements for the fiscal year 2082/83.
During the period, the bank earned a net profit of Rs 1.68 billion. The bank had posted a net profit of Rs
1.24 billion in the previous fiscal year.
The profit of the bank increased by 35.34 percent compared to the previous year.
Meanwhile, the bank’s earnings per share have also increased. The bank’s earnings per share increased from Rs 21.96 to Rs 28.04 and the net distributable profit of the bank was Rs 1.216 billion.
Similarly, the distributable profit per share of the bank has increased to Rs 20.23. The bank has earned a net interest income of Rs 3.81 billion in the last fiscal year.
In the review period, the bank’s operating profit increased by 42.65 percent to Rs 2.58 billion and total equity of the bank stood at Rs 10.67 billion.
This report can be viewed on the banking world’s report portal .
