Net profit of Sewa Development Bank increased by 21%

Kathmandu February 16- Operating with the paid up capital of Rs. 360.6 million, Sewa Development Bank's net profit in the second quarter of current FY increased by 21.21% to Rs. 40.8 million from Rs. 33.4 million in the corresponding period of previous FY.

Deposit of the bank has increased by 31.82% to Rs. 4billion 362.8 million which was Rs3 billion 625.7 million in previous year's corresponding period. Loan and advance of the bank has increased by 31.91% to Rs. 3 billion 625.7 million. Net interest income of the bank has also increased by 21.91% to 89.6 million while its operating profit has increased by 23.07% to Rs. 64.1 million. Bank has maintained balance of Rs. 4.2 million in its provision

Bank has bad debt of 0.14% and risky asset of 13.75%. EPS of the bank is Rs. 11.33, P/E ratio of 26.21 times, net worth per share of Rs. 163.31 and liquidity ratio of 27%.