Net Profit of Lumbini Bank Increases 12 %

May 12: Net profit of Lumbini Bank has increased by 12 percent to Rs 277.9 million in the third quarter of current fiscal year. Similarly, net interest income has increased by 10.33 percent and during the period, bank has been able to recover Rs 92.8 million bad debt of last FY.

The foreign exchange income of the bank has increased by 38.31 percent to Rs 49.6 million. Meanwhile, investment of the bank has decreased by 1.88 billion. Likewise, provision for possible loss has increased by 34.12 percent to Rs 147.8 million.