Wednesday, April 29, 2009

Laxmi Bank's Profit Ups

Laxmi Bank Ltd (LBL) posted 38 per cent growth to reach Rs 251 million in the third quarter of the current financial year in comparison to the same period the last financial year. Its deposit base also grew by 38 per cent to Rs 13.3 billion and loan portfolio increased by 42 per cent to Rs 12.2 billion. The bank has also increased its paid up capital to Rs 1.09 billion and balance sheet size to Rs 15.5 billion. Its non-performing loan is less than 0.1 per cent.

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