Reserve Fund of Srijana Finance Increase 2 Folds

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Reserve Fund of Srijana Finance Increase 2 Folds

July 25: The reserve fund of Srijana Finance in the fourth quarter of the FY 2072/73 has increased by 2 folds to Rs 150.8 million. The 2 fold increase in the net profit is attributed by 2 fold increments in total operating profit and 76 percent increment in net interest income.

Meanwhile, the company has collected Rs 2.16 billion deposit. It has extended loan of Rs 1.88 billion during the review period. In the previous FY, it had invested Rs 262,000 only which has increased to Rs 41.1 million in the last FY. Similarly, CD ratio of the company is 74.55 percent. Interest income of the company has increased by 51.72 percent to Rs 242.3 million and interest expenses have increased by 22.74 percent to Rs 89.1 million.

Likewise, employee expenses,   total operating income and other operational expenses has increased by 41.77 percent, 60.73 percent and 57.85 percent respectively.

The fixed asset and other assets of the company have increased by 3 folds. The company has 5.7 percent capital fund expenditure and capital fund adequacy of 20 percent. Also, it has 0.35 percent dormant loans.

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