Machhapuchchhre Bank's Net Profit Exceeds Rs 1Bn

Jan 23, 2022 12:41 PM Merolagani

Machhapuchchhre Bank (MBL) has published its second quarter report of the current FY. As per the report the bank earned a net profit of Rs 1.01 billion in the review period compared to Rs 802.7 million of the corresponding period of the last FY.

The net profit increased by 25.92 percent during the period. Increase in net interest income and operating profit can be attributed to the increase in the net profit.

During the period, the net interest income increased by 13.09 percent, net fee and commission by 14.32 percent and operating profit by 25.63 percent. The bank has distributable profit of Rs 644.7 million.

The bank with Rs 10.25 billion in paid-up capital has reserve fund of Rs 2.86 bilion. in the review period, the bank collected deposits of Rs 137.49 billion and extended loans of Rs 131.99 billion.

The bank logged EPS of Rs 19.71, net worth per share of Rs 134.50 and P/E ratio of 16.84 times.

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