Net profit of Machhapuchchhre Bank increased by 16.56%

Kathmandu February 15- Operating with the paid up capital of Rs. 3 billion 303.8 million, net profit of Machhapuchchhre Bank increased by 16.56% to Rs. 401.3 million in the second quarter of current FY which was Rs. 344 million in the corresponding period of previous FY.

 

Deposit of the bank has increased by 12.44% to Rs. 44 billion 542.8 million while bank has invested 37 billion 389.4 million in loan and advance that is 12.12% growth than the previous FY. Net interest income of the bank has increased by 22.72% to Rs. 821.1 million and operating profit of the bank has also increased by 52.65% to Rs. 603.2 million. Bank has maintained balance of Rs. 21.4 million in its provision and has been able to recover Rs. 12.4 million bad debts.

 

Bank has bad debts of 0.43% and risky asset of 12.59%. EPS of the bank is Rs. 24.30, P/E ratio of 22.22 times, liquidity ratio of 7.13% and net worth per share is Rs. 143.62.