Laxmi Bank Ltd. had a net profit of Rs. It has made a net profit of over Rs 1.54 billion. According to the bank's financial statements for the period released on Friday, the net profit has increased by 9.20 percent last year as compared to the previous year. Last year, the bank's profit was Rs. 1.12 billion in the corresponding period of the previous year.

Net interest income, which declined by 7 percent last year, increased its operating profit by 7.66 percent as total operating income increased by 7.5 percent. Last year, the bank's operating profit was Rs. 2 billion 179.77 million.

The bank's distributable profit has declined by about 11 percent so far this year. Last year, Rs. 1 billion 127.2 million. The distributable profit of the bank was Rs. 1.36 billion.

By increasing the capital through 9 percent bonus share to Rs. 10.69 billion, the reserve fund of the bank increased by 47.29 percent to Rs. 6 billion 139 million 8 thousand has been maintained.

The bank's deposit collection has increased by 47.29 percent and credit flow by 16.5 percent over the previous year. Non-performing loans increased to 1.21 percent from 1.4 percent in the previous year. During this period, the bank's earnings per share stood at Rs. 27.41 and a net worth of Rs. 157.32.