Feb 17, 2025

Dhaulagiri Laghubitta Bittiya Sanstha published its second quarter analysis for fiscal year 2081/82

Dhaulagiri Laghubitta Bittiya Sanstha published its second quarter analysis for fiscal year 2081/82

KATHMANDU:Dhaulagiri Laghubitta Bittiya Sanstha Limited has published an unaudited report for the second quarter of fiscal year 2081/082.

Dhaulagiri Laghubitta Bittiya Sanstha's financial indicators have improved significantly, and the organization's financial situation remains satisfactory despite the current financial crisis. The institution's interest income has significantly improved, from a loss of Rs. 41.4 million in the second quarter of the previous year to a net profit of Rs. 20.81 million in this quarter, with interest income of Rs. 64.1 million.

Similarly, the earnings per share when making a profit are 1.56. The recovery of bad loans has also improved, with the institution's bad debts standing at 5.50 percent. Since Shivaram Joshi took over as Acting Chief Executive Officer, the self-confidence and motivation of the institution's personnel have improved significantly, resulting in a major improvement in the institution's balance sheet.

The organization has also conducted training for branch leaders and staff, including all field assistants, in order to increase their financial stability. During this time, this financial institution served 40,733 impoverished households through 58 branch offices in 26 districts around the country, gave loans worth 2.16 billion 41 million 56 thousand, and collected savings of 812 million 22 million 91,000.

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