KATHMANDU

In the first quarter of the current fiscal year, Machhapuchhre Bank has earned a net profit of 54 crores and 22 lakhs rupees. The bank has made this profit public by releasing its unaudited financial report for the first quarter of the current fiscal year. This profit earned by the bank has increased by 20.18 percent compared to the same period of the previous fiscal year. In the same period of the previous fiscal year, the bank had earned a net profit of 45 crores and 11 thousand rupees.

From Ashoj to Mansir, the bank’s self-interest rate has decreased by 3.95 percent, while the self-fees and commission have decreased by 4.40 percent. During this period, the bank’s total operating income has decreased by 4.74 percent.

During this period, the bank’s operating profit has increased by 21.65 percent. In the first quarter, the bank’s impairment charge decreased, resulting in an increase in the bank’s operating profit and net profit. In the review period, the bank’s earnings per share (EPS) have also increased. During this period, the bank’s EPS has increased from Rs. 3.13 to Rs. 18.66.

In the review period, the bank’s distributable profit is Rs. 2 crores (85 lakhs), while the distributable profit per share is 98 paisa. Currently, the bank’s net worth per share is Rs. 142.77. During this period, the bank has accumulated Rs. 4 billion (97 crore) in the reserve fund. The deposit in the bank’s current account has decreased by 3.45 percent, while the loan has increased by 3.44 percent in the first quarter.