Net profit of Nagbeli Microfinance Development Bank increased by 2 times

Kathmandu February 14- Operating with the paid up capital of Rs. 25 million, net profit of nagbeli microfinance development bank has increased by 2 times to Rs. 15.2 million in the second quarter of current FY which was Rs. 6.7 million in the corresponding period of previous FY.

Deposit of the bank has increased by 83.46% to Rs. 87.8 million while loan and advance has increased by 71.04% to Rs. 418.4 million. similarly, net interest income of the bank has increased by 76.67% to Rs. 25.6 million and operating profit has increased by 2 times to Rs. 24.2 million. Bank has balance of Rs. 200 thousands in its provision.

Bank's risky asset has increased by 16.74% and bad debt has increased by 1.29%. EPS of the bank is Rs. 61.03, P/E ratio is 56.05 times, net worth per share is Rs. 243.30 and liquidity ratio is 13.83%.