Deva Bikas bank earns Rs. 289 million net profit

Kathmandu: Deva Bikas Bank Limited earned Rs. 289 million net profit during the last fiscal year 2016/17.

The profit of the bank grew by 11.98 per cent in the fiscal year 2016/17 compared to previous fiscal year.

A total of Rs. 476 million was in the reserve fund of the bank. The paid-up capital of the bank reached Rs. 1.44 billion.

The deposit collection of the bank increased by 39.24 per cent to Rs. 10.41 billion while credit amount increased to Rs. 9.57 billion.

The non-performing loan of the bank declined to 1.24 per cent from 2.75 per cent in the last fiscal year.