Similarly, the company has earned Rs 45.7 million from investment, loan and other income.
An increase in net insurance premium has also boosted its net profit. The bank that earned Rs 38 million in net profit in the review period of the last FY earned Rs 55.5 million in the current FY.
The company with Rs 1.40 billion in paid-up capital has reserve fund of Rs 158.8 million, life insurance fund of Rs 626.1 million and reserve fund of Rs 13.7 millon.
The company issued 78,917 insurance polices and earned a total insurance premium of Rs 1.22 billion. By the period, the company paid Rs 11.1 million to 88 claims.
