Massive profit growth of National Microfinance by 477.50% in Q3

National Microfinance Bittiya Sanstha Limited (NMBSL) has registered massive profit rise of 477.50 percent in the third quarter of the last fiscal year 2072/73. According to the unaudited financial report published by the bank today, its net profit has surged to Rs 2.72 crore in third quarter up from Rs. 47.25 lakhs in the corresponding quarter of the last fiscal year 2071/72. National Microfinance net interest income has risen to Rs 5.81  crore in Q3 as compared to Rs 1.33 crore in the corresponding quarter. It’s paid up capital remains at Rs 7 crore. The microfinance company borrowings reached to Rs 66.56 crore in Q3 from Rs 38.53 crore in the corresponding period last year. Likewise, it has extended loans and advances of Rs 71.48 crore in Q3 whereas in the same period last year the figure stood at Rs 36.72 crore. Its non-performing loan (NPL) stands at 1.60 percent in Q3.