Net profit of Reliable Development Bank rises significantly

 

Kathmandu November 24- Net profit of Reliable Development Bank in first quarter of current FY has increased significantly to Rs. 31.5 million from Rs. 4.1 million in the corresponding period of last FY.

According to the bank, net profit has increased by 652%. Operating with 16 branches, Bank has collected Rs. 7 billion 180.8 million deposit and invested loan of Rs. 5 billion 502.8 million in the review period.