ADBL earns Rs.2.77 billion net profit, NPL remain 2.97 per cent


Kathmandu:  Agricultural Development Bank Limited (ADBL) earned Rs. 2.77 billion net profit during the last fiscal year 2016/17.

The profit of the bank grew by 12.65 per cent in the last fiscal year compared to previous fiscal year.

Deposit collection of the bank increased by 13.79 per cent to Rs. 99.95 billion while credit amount increased to Rs. 88.29 billion. The paid-up capital of the bank reached Rs. 12.52 billion. A total of Rs. 9.88 billion was in the reserve fund of the bank.

Non-performing loan of the bank declined by 1.39 per cent to 2.97 per cent in the last fiscal year.