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Wednesday, October 20, 2021
    Nepal Breaking NewsBusinessPrabhu Bank's net profit has surpassed Rs 2 billion.

    Prabhu Bank’s net profit has surpassed Rs 2 billion.

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    In fiscal year 2077/78 BS, generated a net of Rs 2,110,600,000.

    In preceding fiscal year 2076/77, the bank earned a net of Rs 1.19 billion. The profit for fiscal year 2077/78 BS is 68.45 percent more than the previous year.

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    According to corporation, the bank is allocating 1.48 billion to its shareholders, which amounts to around 13%.

    This year, bank’s interest income, fee and commission income, and business have all increased in a balanced manner. This year, the bank’s allocation of imperial charge has decreased.

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    This year, bank’s non-performing loan ratio has dramatically improved. The ratio has decreased from 3.15 percent the previous year to 1.68 percent this year.

    bank’s cost of funding is 4.70 percent, with a base rate of 6.88 percent.

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