Kathmandu. Kamana Sewa Bikas Bank Limited for the financial year 2082. The company has published its unaudited financial statements for the first quarter of FY83. According to the published financial report, the bank collected deposit of Rs 63.78 billion and extended loan of Rs 53.45 billion in the review period.
The bank has earned a net profit of Rs 19.76 crore at the end of the first quarter. The bank has a loan-to-deposit ratio of 86.35 percent. The total assets of the bank reached Rs 71.63 billion in the same period. The non-performing loan ratio of the bank stands at 4.41 percent.
The bank earned a net interest income of Rs 61.76 crore and a net fee and commission income of Rs 8.44 crore.
The bank recently launched Doorstep Banking, a new product in Nepal’s banking history, which will provide digital banking services to its customers. The 19th Annual General Meeting (AGM) of the bank held last month approved the financial year of 81.5 million rupees. The meeting approved a proposal to distribute 15.7895 percent dividend to the shareholders from the accumulated profit of the company.
