Fewa Bikas Bank reveals operating profit of Rs 48.11 crore

Pokhara based Fewa Bikas Bank Limited (FBBL) has posted progressive profit till the third quarter of the fiscal year 2072/73. The development bank’s operating profit upsurged by 40% reaching to Rs 48.11 crore in Q3 of FY 2072/73 as compared to the corresponding quarter of the FY 2071/72.Likewise , the development bank has amassed huge deposit of Rs 11.73 arba whereas the loan disbursement has reached to Rs 10.22 arba in Q3. As per Ramesh Bahadur Thapa, CEO of the Fewa Bikas Bank, ‘ The non-performing loan of the bank is also very low.’ At present FBBL is rendering banking services through 29 branch offices along with ABBS, ATM, SMS Banking and gold loan service.