Garima Bikas Bank Reports 201.97% Surge in Net Profit in Q4 FY 2081/82; Impairment Charges Fallen By 68.56%
Summary
Garima Bikas Bank Limited reported a net profit surge of 201.97% in Q4 FY 2081/82, reaching Rs. 1.31 Arba, driven by improved net interest income and reduced impairment charges.
Key Points
- Garima Bikas Bank posted a net profit of Rs. 1.31 Arba in Q4 FY 2081/82, a 201.97% increase from the previous year.
- Net interest income rose by 9.91% to Rs. 3.64 Arba compared to last year.
- Impairment charges for loans and advances decreased by 68.56% to Rs. 53.79 crore.
- The bank’s capital adequacy ratio improved slightly to 13.47%, and non-performing loans declined to 4.72%.
