Guheshwori Merchant operating profit surges by 85% in last FY 73/74

Guheshwori Merchant Banking & Finance Ltd (GMFIL) has stated that the bank has collected deposit of Rs 2.45 arba and has floated loans of Rs 2.11 arba in the fourth quarter of the last fiscal year 2073/74. The finance company’s operating profit surges by 85 percent to Rs 20.32 crore. As per the press release published by the company today, it stated that the paid up capital of the finance company stood at Rs 49.34 crore and has Rs 20.80 crore in reserve. The operating profit has jumped by 85% compared to last year report. The bank has been seeking approval from Securities Board of Nepal (SEBON) for issuances of its 40% right share. After issuance of right share and bonus share the company’s paid capital will increase to Rs 80 Crore. GMFIL has been providing ATM service, SMS and Internet banking, remittance counter, DP account and ASBA service to its customers.