Kathmandu. By the third quarter of the current Fiscal Year, Garima Development Bank Ltd. had disbursed Rs. It has made a net profit of Rs. 678.27 million. On Tuesday, the bank released its financial statements for the third quarter. The bank's net profit has increased by 36.63 percent this year as compared to last year. Till this period last year, the net profit of the bank was Rs. 496.41 million.

Operating profit has also increased by 39.97 percent this year. Last year, Rs. The bank has made an operating profit of Rs. 96.89 million 21 thousand it has made a profit. By the third quarter, the bank's distributable profit stood at Rs. 492.98 million. The Bank has accumulated Rs. 45.5 million 39 thousand has been allocated.

The bank's working capital increased by 13.50 percent to Rs. 3.67 billion 59 million 12 thousand has been reached. The reserve fund also increased by 45.92 percent to Rs. 932.77 million. Compared to last year, the bank's deposit collection has increased by 39.53 percent and credit flow by 44.28 percent this year.