Q1 Report of Mega Bank Impresses

Nov 15, 2018 Merolagani

Mega Bank (MEGA) has increased its net profit by 395 percent to Rs 404.5 million in the first quarter of the current FY compared to the corresponding period of the last FY.

As per the first quarter financial report of the bank, it has distributable income of Rs 236.1 million compared to Rs 154.3 million of the last FY.

In the review period, the bank collected deposit of Rs 66.11 billion and extended loan of Rs 62.24 billion. The bank earned 928.1 million in net interest income. The net interest income increased by 177.15 percent in the review period.

However, the bank logged an increase in its bad debt ratio. The bad debt ratio which was 0.82 percent in the last FY has reached 1.08 percent in the current FY.

The bank has EPS of Rs 15.44, net worth per share of Rs 127.30 and P/E ratio of 13.41 times.

Similarly, it has reserve fund of Rs 2.80 billion and paid-up capital above Rs 10 billion.

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