Tinau Development Bank earned net profit of 9.4 million, Operational profit of 10 million

Kathmandu October 30- Tinau Development Bank earned Rs. 9.4 million net profit in first quarter of FY 2072/73 which is 48.04% growth than previous FY's net profit of Rs. 6.4 million.

Reserve fund of the bank has also taken a leap to Rs. 67.9 million from last FY's 45.6 million. Collection of deposit has increased by 35.81% to Rs. 2 billion 476.4 million from 1 billion 823.5 million last FY. Bank's lending has increased by 30.83% to Rs. 1 billion 902.1million from 1 billion 453.5 million last FY. Net interest income of the bank has also boosted by 35.53% to Rs. 21.7 million from 16 million last FY. Similarly, interest income of the bank has increased by 21.38% and interest expenses have increased by 14.64%. likewise, operating profit has grown by 48.04% to Rs. 14.8 million from 10 million of last FY. Bank provision of the bank amounts to Rs. 1.5 million.

EPS of the bank has been rested in Rs.20.49 and P/E ratio is 16.40 times. Net worth per share is Rs. 141.28 and  bank has liquidity ratio of 31.47 times. Risky assets has been declined by 0.16%  to 11.92%. Bad debt of the bank has also diminished by 0.06% to 0.04%.