Garima Bikas Bank's FY 2082/83 Net Profit Jumps 35.34% to Rs. 1.68 Arba; EPS Climbs to Rs. 28.04
Summary
Garima Bikas Bank Limited’s net profit rose 35.34% year-on-year to Rs. 1.68 arba in FY 2082/83, supported by higher net interest income and a sharp drop in impairment charges. The bank’s EPS climbed to Rs. 28.04 while deposits and loans and advances also expanded.
Key Points
- Garima Bikas Bank Limited reported a net profit of Rs. 1.68 arba in FY 2082/83, up 35.34% from the previous year.
- Net interest income rose 5.64% to Rs. 3.81 arba, while operating profit jumped 42.65% to Rs. 2.58 arba.
- Impairment charges fell 92.42% to Rs. 4.90 crore, helping drive the profit growth.
- The bank’s EPS increased to Rs. 28.04 and net worth per share reached Rs. 177.26.
