Kathmandu. Mahalakshmi Bikas Bank has published a balanced unrefined financial statement with positive improvement in the overall financial indicators till the end of the fourth quarter of the fiscal year 2081/82.

According to the bank’s revised financial statement for the fiscal year 2081/82, the bank’s net profit has reached Rs 50.03 crore. This year, the bank’s dividend distribution capacity has increased significantly to 11.51 percent.

At the end of the fiscal year 2081/82, the bank has managed to collect deposits of Rs 56.22 billion, of which Rs 45.85 billion has been mobilized.

The bank has increased its loan operations by 5.05 percent compared to the previous fiscal year. At the end of the fiscal year 2081/82, the return on the shareholders’ fund was 11.79 percent and the loan deposit ratio was 83.98 percent.

The bank’s bad loan ratio is only 4.86 percent, which is within the limit set by the Nepal Rastra Bank. At the same time, there will be no capital pressure to increase the business in the coming days as the capital emulsifency ratio of the bank is adequate.

According to the financial statement published by the bank, the fund cost percentage stood at 4.56 percent in the fiscal year 2081/82, which is 2.47 percent less than the previous financial year.

Due to the low fund cost percentage, it has also had a positive impact on the base rate, according to which the bank’s base rate was 6.54 percent as of Mid-July 2082. Borrowers can take advantage of the low base rate of the bank, which also reduces the interest rate on the loan taken by the borrower.

Recently, the bank has added virtual credit card facility to its mobile banking app “Mahalaxmi Smart Saathi”. With the slogan of “Sabal Bank, Successful Collaboration”, the bank has been continuously providing quality financial services at the doorsteps of the Nepali people with 103 branch offices and more than 800,000 customers across the country.