Net profit of Jeevan Bikas Laghubitta stands at Rs.22.15 Crore by the end of the fourth quarter; borrowings increases to Rs.2.82 Arba

Jeevan Bikas Laghubitta Bittiya Sanstha Limited has published the unaudited quarterly report for the fourth quarter end of the fiscal year 2075/76.

In its short period of operation, the microfinance company was able to post a net profit of Rs.22.15 Crore. The company earned Rs.32.56 Crore as net interest income. The operating profits of the company stood at Rs.23.01 Crore by the end of the fourth quarter.

Currently, the paid up capital of the company stands at Rs.14 Crore with reserves of Rs.22.13 Crore. The company has borrowings worth Rs.2.82 Arba.

The microfinance company collected Rs.4.81 Arba as deposits and lent out Rs.9.27 Arba as loans and advances by the end of the fourth quarter. The non-performing loan for this period stands at 0.34%.