Kathmandu. Siddhartha Bank’s net profit has increased .According to the bank’s unaudited financial statements for the third quarter of the current fiscal year, the bank’s net profit increased by 20.78 percent to . According to the report, the bank has earned a net profit of Rs 2.01 billion in the third quarter of the current fiscal year. The bank had posted a net profit of Rs. 1.66 billion in the corresponding period of the previous FY.

During the period, the bank’s net interest income increased by 3.04 and net fee and commission income by 17.45.Similarly , the bank’s total operating income increased by 8.25% and operating profit by 23.45. 

The bank’s charge has been reduced to Rs. 2.03 billion to Rs. 2...54 billion.During the review period, the bank’s net interest income increased in and the net profit increased due to the decrease in impair ment charges.

According to the financial report published by the bank, the bank has posted a net profit of Rs. 2.99 billion during the review period.Along with the profit, the bank’s earnings per share increased by (EPS) during the review period. During this period, the bank’s EP S increased by Rs 2.49 to Rs 17.62. Banko Net worth per share 216.73 paise and P/E ratio 22.25 times.