Chimeki Microfinance earned Rs. 1 million net profit in first quarter

Kathmandu November 8- With the paid up capital of Rs. 422 million 790 thousands, Chimeki Microfinance Development Bank's net profit increased by 177.24% to Rs. 105.4 million in the first quarter of the current FY.

Bank Reserve has increased by 91.98% to Rs. 624 million 448 thousands from Rs. 325 million 264 thousands last year.  Deposit collection of the bank has also grown by 404.55% to Rs. 5 billion 262 million 383 thousands from Rs. 3 billion 726 million 655 thousands last FY. Similarly, lending of the bank has grown by 44.47% to Rs. 8 billion 87 million 889 thousands. Total interest income of the bank has increased by 80.77% to Rs. 250 million 825 thousands. Operating profit has also increased by 176.48% to Rs. 164 million 522 thousands from Rs. 59 million 505 thousands whereas amount in provision for loss fund has decreased by 29.77% to Rs. 5.9 million from Rs. 8.4 million last FY.

Likewise, risky assets have increased by 3.15% during first quarter. According to the financial statement of the first quarter, EPS of the bank is Rs. 99.72, P/E ratio is 16.30 times, net worth per share is Rs. 208.52 and liquidity ratio is 20.31%.