Metro Development 7.41 crore operating profit in Q4; 15% right shares from Shrawan 14

ShareSansar July 20;

Pokhara based Metro development bank (METRO) has earned Rs 7crore 41 lakh operating profit by end of the fourth quarter of the last fiscal year.

As per the press release published on Shrawan 2, it has mobilized Rs 2 arba 11 crore in deposits and  its  loan and advances stood at Rs 7 crore 41 lakh  in fourth quarter of fiscal year 2071/72.

Surya Prasad Tiwari, CEO of the bank said, the bank deposits has increased by 34% and loan and advances by 33% compared to the fiscal year 2070/71.

The authorized capital of the bank remains at Rs 30 crore, issued capital is at Rs 18 crore 56 lakhs 69 thousand and 6 hundred in Q4. Metro bank will be issuing15% right share from Shrawan 14.

The bank has been providing attractive interest rates in fixed deposits with free ABBS charge, ATM service, and locker facilities. The bank is also providing real-estate loan, student loan, heir purchase and agriculture loan in affordable interest rates.

The bank has been facilitating services to customers from Bhorletar- Lamjung, Besisahar, Ratnachowk-Pokhara, Hospitalchowk, Lekhnath-Talchowk, Benibazar-Myagdi district and from 7 more branches said, the CEO of the bank, Mr. Surya Prasad Tiwari.