National Co-operative Bank publishes unaudited Q4 report; net profits stand at Rs.49.93 Crore
Wed, Aug 14, 2019 2:07 PM on Financial Analysis, Latest,
National Co-operative Bank Limited has published its unaudited financial report for the fourth quarter of the fiscal year 2075/76. The bank has earned net profit of Rs.49.93 Crore until the end of Q4 in this fiscal year 2075/76 which was Rs.29.59 Crore in the previous year.
The net interest income of the microfinance company stands at Rs.92.23 Crore up from Rs.69.63 Crore posted in the corresponding quarter of the previous year.
The bank has seen increase in its deposits which has grown to Rs.27.97 Arba. The company has floated Rs.19.02 Arba worth of loans and has set aside Rs.43.32 Crore as provision for possible losses.
As of Q4, it has a paid up capital of Rs.1.57 Arba with reserve of Rs.67.19 Crore.
