Net Profit of Mega Bank Increases Significantly

May 08, 2019 Merolagani

Mega Bank (MEGA) has increased its net profit by 131.33 percent to Rs 1.21 billion in the review period of the last FY compared to Rs 524.2 million of the corresponding period of the last FY.

As per the financial report published under NFRS format, the bank earned a distributable profit of Rs 767.4 million during the review period.

The bank with Rs 10.38 billion in paid-up capital has reserve fund of Rs 1.94 billion.

During the period, the bank collected deposit of Rs 75.21 billion and extended loan of Rs 67.58 billion. In the period, the bank earned net interest income of Rs 2.75 billion.

However, the bad debt of the bank increased to 1.42 percent compared to 0.98 percent of the last FY.

The bank has net worth per share of Rs 3.36, EPS of Rs 15.58, net worth per share of Rs 126.20.

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