Garima Bikas Bank’s Profit Rises 35.34 Percent

लगानी न्यूज

२१ श्रावण २०८३, बिहीबार १०:२७August 6, 2026

. Garima Bikas Bank has published its unaudited financial statements for the fourth quarter of the fiscal year 2082/83. In the last FY, the bank earned a profit of Rs 1.68 billion. The profit of the bank increased by 35.34 percent compared to the previous year.

The bank had posted a net profit of Rs 1.2 TAG_OPEN_div_26 4 billion in the same period last year. The bank earned a net interest income of Rs 3.81 billion as against Rs 3.61 billion in the corresponding period of the previous FY.

Similarly, the bank’s operating profit increased by 42.65 percent to Rs 2.TAG_OPEN_div_24 58 billion during the period. The bank had posted a net profit of Rs 1.80 billion in the same period last year.

} Indicators including profit have improved due to improvement in bank loan recovery and risk management. The bank has set aside an impairment charge of Rs 4.90 crore till the end of July. The amount of such charges has decreased in a year. In the previous fiscal year, it was Rs 64.70 crore.

The bank’s earnings per share increased to Rs 28.TAG_OPEN_div_20 04 from Rs 21.96 in mid-July. Similarly, the net distributable profit of the bank stood at Rs. 1.21 billion in the last FY after regulatory adjustments. After adjusting bonus shares and cash dividend from the accumulated profit of the previous year, the total distributable profit of the bank has reached Rs 1.21 billion in the end of the current fiscal year.

On the basis of ordinary shareholders, the distributable profit per share of the bank has been fixed at Rs 20.23.TAG_OPEN_div_18 The bank’s paid-up capital has increased to Rs 6.02 billion from Rs 5.68 billion in the previous FY. The bank’s total equity stood at Rs 10.67 billion.

} The bank collected deposit of Rs 98.47 billion from its customers and extended loan to its customers reached Rs 78.24 billion. The total assets of the bank increased by 8.21 percent to Rs 1.13 billion from Rs 104.46 billion in the previous year.

In the last fiscal year, the bank’s NPL stood at 4.7 TAG_OPEN_div_14 6 percent.