Net profit of Machhapuchchre down by over 21 percent

KATHMANDU, JANUARY 19: In the second quarter of the current fiscal year, the net profit of Machhapuchchre Bank declined by 21.45 per cent to Rs 805.3 million. In the corresponding period last year, this kind of profit had been recorded at Rs 125.2 billion.

Similarly, during the review period, the distributable profit of the bank was negative by more than Rs 246.9 million  During the same period last year, such a profit had stood at Rs 1.50 billion.

The bank collected deposits of Rs 152 billion 485 million 200 thousand and floated loans amounting to 129 billion 912 million 900 thousand in the second quarter of the current fiscal year. The earnings per share (EPR) of the banking was Rs 13.86 and the net worth per share was Rs 145.

The non-performing loans (NPLs) were recorded at 2.62 per cent in the second quarter of the current fiscal year while the same had stood at 1.41 per cent during the same period last year.