Mega Bank increased net profit by 45.16 percent

Aug Fri 2021 09:49:52

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Mega Bank increased net profit by 45.16 percent

Mega Bank Nepal Limited has disbursed Rs. It has made a net profit of over Rs 2.30 billion. According to the financial statement of the public bank, the net profit increased by 45.16 percent last year compared to the same period of the previous year. During the same period last year, the bank had disbursed Rs. Net profit was more than Rs 1.58 billion.

The bank's net interest income rose 39 percent last year, while operating profit rose 46.30 percent. Last year, the bank's net interest income was Rs. 5.80 billion and operating profit was Rs. 3.27 billion.

The distributable profit of the bank during this period was Rs. 1 billion 515.8 million. In the previous year, this amount was Rs. 1 billion 115.9 million. The bank's distributable profit increased by about 36 percent last year compared to the previous year. By increasing the capital by 11.54 percent to Rs. 14.65 billion 49.64 million, the reserve fund of the bank increased by about 16 percent to Rs. 5.64 billion.

Compared to the previous year, the bank has collected 7 percent more deposits and disbursed 24.28 percent more loans last year. The non-performing loan, which was 1.2 percent in the previous year, has reached 1.26 percent last year. During this period, the bank's earnings per share stood at Rs. 15.71 and a net worth of Rs. It is 139.11.