In the first quarter of the current FY, Garima Bikas increased its net profit to Rs 91.8 million from Rs 34.2 million. During the period, the company also increased its paid-up capital by 26.5 percent to Rs 2.78 billion. The company has maintained reserve fund of Rs 464.9 million.
By the end of the first quarter, the company collected deposit of Rs 22.88 billion and extended loan of Rs 20.81 billion. The bank earned Rs 300.3 million in net interest income during the period.
In the review period, the company maintained bad debt ratio of 0.84 percent, net worth per share of Rs 116.67 and P/E ratio of 13.66 times.