Yeti Devt Bank's Operating Profit Rs 488 million

July 29: Yeti Development Bank has earned operating profit of Rs 488.2 million in the last FY as per the fourth quarter financial statement released by the bank.  

The net profit of the bank has increased by 160.70 percent to Rs 362.9 million in the last FY from Rs 139.2 million of the previous FY. The bank was able to decrease bad debt from 7.91 percent of the previous FY to 4.17 percent in the last FY. According to the bank, it aims to drop the bad debt rate to two percent in the current FY.

Currently, the bank is providing services to its customers through 25 branches and 20 ATMs. The bank is providing 6-7.5 percent interest rate in various saving accounts including safety savings, various fixed deposit savings, elder citizens’ savings and women savings. Similarly, the bank is providing home loans, auto loan, share investment loan, personal loans and business loans at the interest rate of 9.99-12 percent range.