Net profit of Yeti development bank increases by 9 times

Kathmandu January 26- Yeti Development bank's net profit in the second quarter of current fiscal year has increased by 9 times in compare to corresponding period of last fiscal year. it earned Rs. 160.5 million net profit in this quarter while it had earned Rs. 17.3 million during last fiscal year.

Bank's deposit collection has increased by 19.16% to Rs. 8 billion 768.1 million from Rs. 7 billion 358.1 million last year. Similarly, loan investment of the bank has increased by 17.46% to Rs. 7 billion 98.5 million from Rs. 6 billion 43.3 million. Net interest income of the bank increased by 15.54% to Rs. 117.8 million which was Rs. 101.9 million last year. Interest income and interest expenses of the bank has increased by 6.04% and 2.25% respectively.

Likewise, bank has incurred Rs. 11 million operating profit in this quarter. Bank has kept Rs. 70 million in provision and has recovered 200 million bad debts.

Bank has EPS of Rs. 23.17, P/E ratio of 6.17 times, net worth per share Rs. 84.92 and liquidity ratio of 12.57 times. Risky assets of the bank have rested in 12.10% while bad debt is of 7.26%.