Kathmandu. In the second quarter of the current FY, the profit of Garima Bikas Bank has increased by 15.63 percent to Rs 63.05 crore. The bank had posted a net profit of Rs 54.92 crore in the same quarter last year.

During this period, the bank’s net interest income and operating profit have increased. As a result, the bank’s profit has increased. The bank’s net interest income increased by 1.94 percent to Rs 1.88 billion. Similarly, the operating profit increased by 15.50 percent to Rs 90.67 crore.

The bank’s impairment charge has come down from Rs 44.19 crore to Rs 38.24 crore. This has also helped in increasing the profitability of the bank. As of mid-January, the bank has a distributable profit of Rs 30.84 crore and distributable earnings of Rs 10.24 per share.

The bank’s earnings per share increased by Rs 1.76 to Rs 21.10 and net worth per share of Rs 159.59. The bank with Rs 6.02 billion in paid-up capital has reserve fund of Rs 3.58 billion.

The bank collected deposit of Rs 91.27 billion and extended loan of Rs 72.94 billion. The NPA of the bank has increased from 4.72 percent to 4.78 percent.