Net profit of Kumari Bank increases by 48%

Kathmandu November 16- Kumari Bank succeeded to earn Rs. 48.6 million net profit in the first quarter of current fiscal year which is 48.26% growth than the corresponding period of last FY which was Rs. 32.8 million.

With the paid up capital of Rs. 2billion 430 million, reserve of bank has increased by 71.61% to Rs. 974.3 million. Collection of deposit of the bank has increased by 17.20% to Rs. 34 billion 738.4 million from Rs. 29 billion 640.5 million last FY. Loan investment has also increased by 15.19% to Rs. 27 billion 467.4 million from Rs. 23 billion 846.1 million last FY. In the first quarter of current fiscal year, net interest income has declined by 1.03% to Rs177.9 million. Interest income and interest expenses of the bank have increased by 11.39% and 17.51% respectively. Similarly, operating profit has increased by 52.65% to Rs. 64.7 million.

EPS of the bank (annual) is Rs. 15.16, P/E ratio (annual) is 29.03 times and net worth per share is Rs. 140.07. Likewise, liquidity ratio of bank stands on 32.19%.