Sangrila's Net Profit Increases 40%

October 26: Sangrila Development Bank has been able to earn Rs 69.7 million operating profit in the first quarter of the current FY. During the period, the bank collected deposit of Rs 10.94 billion and extended loan of Rs 9.80 million. 

According to Dinesh Thakali, Chief Executive Officer of the bank, the deposit collection has increased by 28.41 percent during the review period compare to the same period of the last FY.  Similarly, loan extension and profit has also increased by 48.40 percent and 38.86 percent in the review period compare to the same period of the last FY.