Sagarmatha Finance shows tremendous growth
Sagarmatha Finance Limited (SAFL) has shown a tremendous growth of 83.60% in the 2nd quarter of this fiscal year. The company has earned a net profit of Rs. 5.61 crore by increasing its deposit by 12.32% and loan by 14.24%. The company has drastically reduced its non-performing loan (NPL) to 2.65%
Issuing a press statement, the finance company said that 76% deposit of the company comes from personal deposit, and the fund is invested in diversified sectors. The company currently has 10 branches, and is in process to open 3 new branches in the Taplejung, Panchthar and Ilam.
