Net profit of Reliable development bank increased by 24%

Kathmandu February 12- Reliable development bank that is functioning with paid up capital of Rs. 716 million 893 thousands have increased its capital by 24.54% to Rs. 65 million 558 thousands in the second quarter of current FY.

Bank has also boosted its lending by 26.74% to Rs. 5 billion 590.5 million in this quarter. Net interest income of the bank in the time period has increased by 25.77% to Rs. 133 million.

Bank's operating profit has increased by 1.61% to Rs. 66.9 million in this quarter.

Bad debt of the bank has also decreased by 1.91%.