Kathmandu. Machhapuchchhre Bank for the current fiscal year 2081. It has made public the unaudited financial statements up to the third quarter of 2018.
According to the financial statement, the bank has earned a profit of Rs 1.10 billion in the review period. The company had earned a profit of Rs 855.4 million in the same period last year. In this way, the bank’s profit has increased by 28.89 percent compared to the previous year.
During the review period, the bank’s net profit stood at Rs 70.7 million. The bank’s net profit stood at Rs 303.6 million in the year-ago period.
The operating profit of the bank has increased to Rs 2.05 billion. In the previous fiscal year, the operating profit was limited to Rs 1.34 billion. The operating profit of the bank also increased by 52.76 percent.
In the third quarter of the current fiscal year, the bank has earned rs 4.25 billion in interest income. In the same period last year, the bank had earned Rs 3.84 billion in interest income. Interest income increased by 10.41 percent.
The bank’s reserve size has increased to a height of Rs 6.43 billion from rs 11.62 billion. In the previous year, the reserve was Rs 5.82 billion.
During the review period, the bank collected deposits of Rs 169.65 billion and invested Rs 140.61 billion in loans. In the previous fiscal year, the bank collected deposits of Rs 158.64 billion and invested Rs 126.75 billion in loans.
During the review period, the bank’s bad loan ratio (NPL) increased to 4.59 percent. In the same period last year, the bank’s NPL was 3.68 percent. The bank has set aside Rs 715.6 million as impact charges to manage bad loans.
The bank’s annualised earnings per share (EPS) increased to Rs 12.65. Last year, the EPS was limited to Rs 9.81. The bank has a net worth of Rs 156.2 per share with a PE ratio of 17.86 times.
