Machhapuchhre Bank's profit declined by 2.32%

Jan Thu 2021 06:42:06

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Machhapuchhre Bank's profit declined by 2.32%

Kathmandu: The net profit of Machhapuchhre Bank has declined in the second quarter of the current fiscal year. During this period, the net profit of the bank has decreased by 2.32% to Rs. 802.77 million. The bank had earned a profit of Rs 821.85 million in the corresponding period of the previous year. The bank's distributable profit also declined by 25.41% to Rs 452.25 million.

Net interest income has increased by Rs 1.556 million to Rs 1.98 billion. At the same time, operating profit decreased by 6.49% to Rs. 1.15 billion. The bank's earnings per share is Rs 17.73 and net worth per share is Rs 133.07.