Net profit of Kumari Bank increased by 16.02%

Kathmandu February 15- Operating with the paid up capital of Rs. 2billion 430 million, net profit of Kumari Bank increased by 16.02% to Rs. 210.1 million in the second quarter of current FY which was Rs. 181.6  million in the corresponding period of previous FY.

Deposit of the bank has increased by 17.24 % to Rs. 34 billion 531.2 million while bank has increased its  loan and advance  by 8% to Rs. 27 billion 505.9 million. Net interest income of the bank has increased by 6.91% to Rs. 464.7 million and operating profit of the bank has also increased by 29.95 % to Rs. 295.3 million. Bank has maintained balance of Rs. 70 million in its provision and has been able to recover Rs. 30 million bad debts.

Bank has bad debts of 2.55% and risky asset of 11.50%. EPS of the bank is Rs. 15.68, P/E ratio of 24.56 times, liquidity ratio of 30.81% and net worth per share is Rs. 146.88.