Sangrila Development Bank's profit almost doubled

Baishak 7, 2082

Kantipur Reporter

Sangrila Development Bank's profit almost doubled

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Sangrila Development Bank has published the financial statement for the third quarter of the current financial year. During this period, the bank has succeeded in improving all the indicators.

The distributable profit of the bank is 24 crore 2 lakh 71 thousand 269 rupees. At the end of March of the last financial year, the distributable profit of the bank was negative 61 million 194 thousand 843 rupees.

The distributable profit in the last quarter of the current fiscal year (up to the end of the year) is 120.6 million 23 thousand 573  There was Rs. This is 99.19 percent more than last quarter. Similarly, the distributable profit per share of Sangrila Development Bank has reached Rs 9.01. In the third quarter of the current financial year,

Bank has earned an operating profit of Rs. Operating profit is 119.54 percent more than the last quarter of the current financial year and 60.74 percent more than the end of March of the last financial year.

Net profit is 120.91 percent higher than the last quarter of the current fiscal year and 61.19 percent higher than the third quarter of the previous fiscal year. In the third quarter of the current financial year, this development bank has 56 billion 61 crore  Total deposits collected. Which is 1.84 percent more than last financial year.

Similarly, the bank has invested 46.89 billion in loans in the third quarter, which is 4.23 percent more than last financial year. With the reform, the reserve fund of this development bank has increased to more than 1 billion 86 crore 93 lakh 3 thousand 33 rupees, while the income per share has increased to 16 rupees 28 paise. In the third quarter of the current financial year, the bank's return on equity has reached 10.93 percent.

This percentage was 7.76 at the end of March last financial year. The bank has also made progress in reducing bad loans. The bad loans of this development bank, which was 4.99 percent in the last quarter of the current financial year, fell to 4.97 percent in the third quarter.

Kantipur

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