Mahalaxmi Bikas Bank Increases Net Profit by 55%

Apr 29, 2018 Merolagani

The net profit of Mahalaxmi Bikas Bank (MLBL) has increased by 55 percent to Rs 336.9 million in the third quarter of the current FY compared to Rs 217.1 million of the corresponding period of the last FY.

In the review period, the bank earned Rs 171 million in operating profit and Rs 718.9 million in net interest income. In the review period, the bank increased its deposit collection by 104 percent to Rs 25.11 billion and loan extension by 108 percent to Rs 21.64 billion.

During the period, the bank raised its paid-up capital from Rs 1.31 billion to Rs 2.63 billion. The bank has Rs 1.19 billion in reserve fund.

Similarly, the bad debt of the bank increased to 3.97 percent from 3.83 percent. The bank has capital fund ratio of 15.31 percent, base rate of 12.16 percent and EPS of Rs 17.

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