NLBBL’s profit almost doubled-Thanks to its core business
Mon, May 12, 2014 12:00 AM on Others,
ShareSansar, May 12:
Nerude Laghubitta Bikas Bank Limited stated 94 percent rise in its net profit for the third quarter of the current fiscal year 2070/71.
In the unaudited financial report for the third quarter published today, the microfinance development bank has stated that its net profit has increased to Rs 4.22 crore up from Rs 2.18 crore as compared to the corresponding quarter of the last fiscal year 2069/70.
Its operational profit has also surge to Rs 6.64 crore from Rs 3.43 crore where its net interest income has also risen from Rs 8.75 crore to Rs 12.56 crore compared to the corresponding quarter.
Its non performing loan has increased from 1.26 percent to 1.39 percent. There is also Increase in provision for possible loss to Rs 89.93 lakh from Rs 84.06 lakh as compared to the corresponding quarter
Nerude had mobilized Rs 47.35 crore in deposit and Rs 1.14 arba in loan in the third quarter compared to Rs 35.85 crore in deposit and Rs 88.24 crore in loan in the corresponding quarter.
Its borrowing has risen to Rs 70.9 crore from Rs 65.05 crore in the corresponding quarter.
The EPS of the microfinance stands at Rs 42.28 and per share net worth at Rs 202. 17.
