Union Finance let down in second quarter

Kathmandu February 18- Union Finance has occurred loss of  Rs. 23.5 million in the second quarter of current FY which also  was Rs. 20.4 million loss in the corresponding period of previous FY.

Finance's deposit collection has decreased by 3% to Rs. 942.5 million while its lending has amounted to Rs. 550.7 million. Net interest income of the finance has increased by 66.66% to Rs. 5.2 million and operating profit amounted to Rs. 23.3 million. Bank has provision of 11.9 million

Finance has bad debt of 19.28% and risky asset of 11.97%. EPS of the finance is of negative Rs. 13.31, P/E ratio of negative 8.41 times, net worth per share of Rs. 50.67 and liquidity ratio of 45.54%.