Purnima Bikas Bank profit mount by 31.34% in Q4; NPL stood at 0.21%

ShareSansar, July 27;

Bhairahawa based Purnima  Bikas Bank limited has  accumulated Rs 7 crore 27 lakh operating profit in the fourth quarter (Q4) of the last fiscal year 2071/72.

As per the press release published on Shrawan 10, 2072, the bank had issued a total of 2,75,000 units right shares to its existing shareholders in the fiscal year 2071/72 and its paid up capital reached Rs  16 crore 36 lakh 25 thousand .The bank has earned  Rs 37 lakh 10 thousand share premium amount .

Purnima Bikas Bank has mobilized Rs 1 arba 79 crore in deposits and has extended Rs 1 arba 33 crore 86 lakh in loan and advances. The bank has been facilitating services to 35 thousand customers .The Bank’s capital fund has increased by 14.32 percent.

The Bank’s non-performing loan (NPL) stood at 0.21 percent and Credit to Deposit (CD) ratio at 68.51 percent in Q4 of FY 2071/72.

According to the promoter of the Bank, Narayan Adhikari,“In comparison to last fiscal year 2070/71, profit, deposits and loan and advances surged by 31.34, 19.86 and 38.09 percent respectively.”

The Bank has been providing services from 7 branches along with mobile banking services. For more effective services, the Bank has also provided customer orientation program. The Bank will soon open new branch in Chitwan in the upcoming fiscal year 2072/73.