Net profits of Bhargav Bikas Bank grow by 95.68% in the third quarter; net interest income of Rs.12.12 Crore posted

Bhargav Bikas Bank Limited (BHBL) has registered 95.68% increase in net profit in the third quarter of the current fiscal year 2075/76. Its net profit has increased to Rs 5.22 crore in third quarter from Rs 2.67 crore in the corresponding quarter of the fiscal year 2074/75.

According to the unaudited financial report published by the development bank today, its interest income has risen to Rs 12.12 crore in Q3 as compared to Rs 7.05 crore in the corresponding quarter.

The bank’s deposits collection reached Rs 3.24 arba in Q3 and it floated loans of Rs 2.87 arba.

Its non-performing loan has increased to 0.76% in Q3 of current year, which was 0.15% in Q3 of previous year.

It’s paid up capital remains at Rs 50.16 crore with Rs 13.52 crore in its reserve.

Its annualized earning per share (EPS) stand at Rs 13.89 and Net worth per share at Rs 126.97.