Kathmandu. Garima Bikas Bank’s profit has increased. In the first quarter of the current FY, the bank’s profit increased by 11 percent to Rs 25.05 crore.

In the same period last year, the bank made a profit of Rs. 22.57 crores. During the period, the distributable profit of the bank stood at Rs 63.22 crore. On this basis, the bank’s dividend yield is 12.87 percent. In the first three months of the current fiscal year, the bank’s net interest income has increased, operating profit has increased and impairment charges have decreased.

The company had posted a net interest income of Rs 98.68 crore in the same period last year. In the same period of the current FY, it was Rs 99.85 crore. Similarly, operating profit increased to Rs 35.76 crore from Rs 32.23 crore.

The bank’s impairment charge was Rs 37.21 crore in the first quarter of the last FY. In the same period of the current fiscal year, it was Rs 33.31 crore. As of mid-October, it stood at Rs 17.64 per share and the net worth per share stood at Rs 166.38.

The NPA stood at 4.73 percent in the first quarter of the current fiscal year from 3.82 percent in the first quarter of the previous FY. The bank has a paid-up capital of Rs 5.68 billion and reserve fund of Rs 3.13 billion. The bank has a paid-up capital of Rs 90.98 billion and extended loan of Rs 69.58 billion.