Kamana Sewa Bikas Bank Earns Rs. 197.6 Million Profit in First Quarter

Kathmandu — Kamana Sewa Bikas Bank Limited has earned a net profit of Rs. 197.6 million by the end of the first quarter of the fiscal year 2082/83. According to the unaudited financial report published by the bank on Friday, it has shown balanced growth in its key financial indicators during the review period.

As per the report, the bank has collected total deposits of Rs. 63.78 billion and extended loans amounting to Rs. 53.45 billion. Based on this, the bank’s credit-to-deposit (CD) ratio stands at 86.35 percent, which is within the limit set by Nepal Rastra Bank.

By the end of the first quarter, the bank’s total assets had reached Rs. 71.63 billion. The bank’s non-performing loan (NPL) ratio stood at 4.41 percent, indicating improved risk management performance.

Recently, the 19th Annual General Meeting of the bank approved a total dividend of 15.7895 percent from the profit of the fiscal year 2081/82, including a 15 percent bonus share and 0.7895 percent cash dividend (for tax purposes).