Kathmandu: Prabhu Bank's net profit has increased by 39.86% to Rs 1.51 billion in the second quarter of the current fiscal year. The bank had earned a profit of Rs 1.85 billion in the corresponding period of the previous year. The bank's net profit has increased along with the improvement in operating profit.

Bad debt decreased by 1.06% to 2.06%. The NPL ratio stood at 3.12% during the same period last year. Operating profit increased by 42.72% to Rs. 2.14 billion 69.62 million. Net interest income also increased by 9.72% to Rs. 2.69 billion.

Meanwhile, distributable profit declined by a modest (0.03%) to Rs. 999.85 million. The bank's earnings per share increased by Rs 4.65 to Rs 26.66 and its net worth per share stood at Rs 147.29.