U Microfinance Bank Records 111% Profit Growth in 2018
From the Blog propakistani U Microfinance Bank has become sustainable enough to run its operation profitably as it recorded a handsome profit growth of 111% in 2018 as compared to 2017. According to the financial statement, the microfinance bank recorded a profit of Rs. 543 million in 2018 against Rs. 257 million profit reported in 2017. This is the third straight year the bank has made a profit. In 2016, it made a profit of Rs. 72 million for the first time since its inception in 2012. In 2017, the bank also made a profit of Rs. 257 million with 353% growth from 2016. The bank generated its revenue from its interest income which grew by 65 percent from the previous year to stand at Rs. 4.36 billion in 2018. The non-interest income grew by 39 percent year-on-year to reach Rs. 625 million in 2018. Thepakistanblogs.blogspot.comRead Full Post
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