Net profit of First Microfinance increased by 56%

Kathmandu January 18- First Microfinance Development Bank has succeeded to earn Rs. 23.4 million in the second quarter of current fiscal year which is 56.09% growth than the corresponding period of last FY which was Rs. 15 million.

Reserve of the bank has increased to Rs. 47.3 million which was Rs. 33 million last FY. Lending has increased by 44.44% to Rs. 2 billion 308.3 million from Rs. 1 billion 598.1 million last year. Net interest income of the bank has increased by 33.66% to Rs. 42.3 million while net interest has increased by 43.45% and interest expense has increased by 55.57%.

Similarly, operating profit has increased by 56.09% to Rs. 36.8 million which was Rs. 23.6 million last year.

EPS of the company has rested at Rs. 10.20 and risky assets has grown by 0.38% to 12.40%.