Jeevan Bikas Laghubitta reports more than Rs.10 Arba in loans and advances till second quarter; net profits increase to Rs.22.59 Crore

Jeevan Bikas Laghubitta Bittiya Sanstha Limited has published the unaudited quarterly report for the second quarter end of the fiscal year 2076/77.

The microfinance company has posted a net profit of Rs.22.59 Crore. The company earned Rs.48.10 Crore as net interest income. The operating profits of the company stood at Rs.27.66 Crore by the end of the second quarter.

Currently, the paid-up capital of the company stands at Rs.14 Crore with reserves of Rs.43.55 Crore. The company has borrowings worth Rs.2.94 Arba.

The microfinance company collected Rs.5.40 Arba as deposits and lent out Rs.10.19 Arba as loans and advances by the end of the second quarter. The non-performing loan for this period stands at 0.25%.