Nepal Community Development Bank registers 42.96% surge in net profit in first quarter; four-district development bank to expand through 22 branches very soon

Nepal Community Development Bank has registered 42.96% increment in its net profit in the first quarter of the current fiscal year by earning Rs 1.51 crore during the review period. During the same period, the development bank has raised Rs 2.78 arba in deposits and disbursed loans of Rs 2.64 arba and has also reduced the NPL ratio to 0.44% in comparison to the previous period.

The development bank currently has a paid up capital of Rs 52.63 crore.

Nepal Community Development Bank which is a four district development bank is currently providing banking services from 17 different branches and is also mulling to open 5 more branches in a near future, as per the CEO of the bank Mr. Rajan Prashad Khanal.