Kathmandu. NIC Asia Bank’s net profit of distributable has increased to Rs 15.39 billion as of the first quarter of the current financial year. The profit has decreased by Rs 9.15 billion this year from Rs 6.24 billion in the same period last year.

The bank’s net profit increased by 4.32 per cent to Rs 12.74 crore in the first quarter of the previous year. In the first quarter of the previous year, the bank had posted a net profit of Rs 12.21 crore.

The net profit increased after the charge fell by about 22 per cent to Rs 92.94 crore. Last year, such charges were Rs 1.18 billion. The operating profit of the bank decreased by 16.5 per cent.

Similarly, the non-performing loan ratio of the bank has increased from 6.99 per cent to 9.81 per cent. As of the first quarter, the bank disbursed Rs 191. 20 billion through deposits of Rs 341.84 billion and collection of as of the first quarter.

The bank has a paid-up capital of Rs 14.91 billion and a reserve fund of Rs 26.21 billion. The bank has EPS of Rs 3.35 crore and net worth per share of Rs 172.53 billion.