Jeevan Bikas Laghubitta Reports 32.87% Q2 Net Profit Decline, Core Revenue Slump, and Slight Deposit Rise


In its latest second-quarter report for the fiscal year 2080/2081, Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) reported a significant 32.87% decrease in net profit. The net profit for this quarter fell to Rs. 17.76 crore, down from Rs. 26.47 crore in the same period last year.

Despite the decline in net profit, the company saw a slight 0.10% increase in deposits, reaching Rs. 10.04 Arba. However, there was a 7.61% decrease in loans and advances, which amounted to Rs. 24.53 Arba in this quarter.

 

Popular Tags:
pravhu, nepali bazar, increase, Revenue, ILFC
Highlights:

Leave a Reply

Your email address will not be published. Required fields are marked *

More Interesting Read

Analysis of Import and Export Trends in the First Nine Months of Fiscal Year 2080/81 1
Business | Market | Economy

Analysis of Import and Export Trends in the First Nine Months of Fiscal Year 2080/81

Nepal’s trade dynamics in the initial nine months of fiscal year 2080/81 reveal alarming patterns, raising concerns about the nation’s economic outlook. The trade deficit, representing the variance between imports and exports, has expanded by approximately 2.75 percent during this period, indicating a growing disparity between import costs and export values, posing significant challenges to Nepal’s economic stability. Imports Imports in the first nine months of the fiscal year witnessed a noticeable decline of around 2.84 percent, totaling approximately Rs. 11.67 Kharba. In comparison, the corresponding period in the previous year saw imports amounting to goods worth Rs. 12.01 Kharba. […]

Read More
Nepali Banks' Interest Rate Review: Baisakh 2081 Update 3
Business | Market | Economy

Nepali Banks’ Interest Rate Review: Baisakh 2081 Update

In the most recent financial update, twenty commercial banks have announced revisions to their interest rates for the month of Baisakh. Interestingly, a majority of these banks, totaling 13, have opted to decrease their interest rates. However, notable exceptions to this trend include NMB Bank (NMB) and Everest Bank (EBL), which have instead chosen to […]

Read More
Garima Bikas Bank Welcomes Nepali New Year 2081 with Exciting Cashback Scheme 5
Business | Market | Economy

Garima Bikas Bank Welcomes Nepali New Year 2081 with Exciting Cashback Scheme

As Nepal eagerly awaits the arrival of New Year 2081, Garima Bikas Bank Limited (GBBL) delights its customers with a special cashback scheme, promising enticing rewards for debit and credit card users. With the aim of promoting cashless transactions and enhancing customer satisfaction, GBBL introduces a generous cashback offer of 20.81%, allowing users to earn […]

Read More
Powered by Namaste Webmedia