Postal saving bank making profit

NEPALGUNJ, JAN 02: 

The postal savings bank brought into operation by the Banke District Post Office has carried out transactions of Rs. 48.5 million until the last fiscal year 2011/2012. The postal savings bank was set up in 2006.

The bank has over 1,300 depositors and it made a net profit of Rs. 3.2 million till date since its inception. It made a net profit of Rs. 1.8 million in the last fiscal year alone.

The bank's total loan investment in the last six years has reached Rs. 330.3 million and it recovered loans amounting to Rs. 24.76 million in the same period, said office chief, Kesharjung Majhi.

Source: THT