Net profit of Mega Bank increased by 4%

Kathmandu November 16- With the paid up capital of Rs. 2billion 60 million, Mega Bank's net profit increases by 4.20% to Rs.  84.3 million net profit in the first quarter of current fiscal year which was Rs. 80.9 million last year.

Reserve of bank has increased by 9.68% to Rs. 562.6 million from Rs. 513 million last year. Collection of deposit has increased by 18.92 % to Rs. 22 billion 565.3 million from Rs18 billion 436 million last FY. Loan investment has also increased by 10% to Rs. 18billion 440.3 million from Rs. 16 billion 741.8 million last FY. In the first quarter of current fiscal year, net interest income has increased by 0.96% to Rs. 198.9 million. Interest income and interest expenses of the bank have increased by 7.77% and 13.81% respectively. Similarly, operating profit has increased by 9.96% to Rs. 114.3 million. Provision of Rs. 16.4 million has kept in the balance and bad debt of Rs. 178 million has been recovered.

EPS of the bank (annual) is Rs. 3.23, P/E ratio (annual) is 31.14 times and net worth per share is Rs. 121.56. Likewise, liquidity ratio of bank stands on 22.20%.  Bad debt of the bank has decreased by 0.55% to 1.6% and risky assets have decreased by 0.13% to 14.03%.