Bishwa Bikas Bank’s operating profit surges by 20%; Cosmos’s profit Rs 67 lakh in Q4
Wed, Jul 23, 2014 12:00 AM on Others,
ShareSansar, July 23:
Bishwa Bikas Bank Limited’s operating profit surged by 20 percent in the fiscal year 2070/71 as such the development bank earned Rs 14 crore 65 lakh.
By the end of the fiscal year 2070/71 the development bank accumulated Rs 3 arba 79 crore deposits and the loan flow was Rs 3 arba 17 crore. In comparison to the last fiscal year the deposits and loan increased by 28 and 22 percent respectively.
Comos Development Bank earned a profit of Rs 67 lakh 35 thousands in the fiscal year 2070/71.
According to the press release, the development bank claimed that the deposit accumulation has increased by 63 percent and the loan flow by 92 percent as compared to last fiscal year.
Fewa Finance’s operating profit Rs 14 crore; Clean Village Micro Finance’s Rs 7 lakh
Similarly, Fewa Finance Limited earned operating profit of Rs 14 crore 65 lakh in the fiscal year 2070/71. The finance company accumulated deposits Rs 4 arba and the loan flow was Rs arba 34 crore. The NPL stands at zero percent.
Clean Village Micro Finance which is subsidiary company of Clean Energy Development Bank earned Rs 7 lakh as profit in the fiscal year 2070/71.
The micro finance company from its 14 branches have provided loan worth Rs 18 crore to around 7.5 thousand families without collateral.
