ADBL to raise profit before tax by 220%

KATHMANDU, Jan 19:

Agricultural Development Bank Limited (ADBL) has made public its policies and priorities for the financial year 2012/13, which includes projection to raise profit before tax by 220 percent this fiscal year. According to a statement issued on Friday, ADBL has set a target of generating profit before tax and bonus of Rs 2.88 billion in financial year 2012/13. 

"The bank has set a target of extending Rs 50.57 billion in loans and collecting Rs 50.12 billion in deposits in the year," reads the statement. 

Source: Republica