Kathmandu. Mega Bank Limited has been increasing its net profit. The bank has earned a net profit of Rs 914.6 million in the first quarter of the current fiscal year. This is an increase of 50.46 percent over the corresponding period of the previous year.

Limited operating profit increased to Rs. 1.30 billion from Rs. 883.4 million in the corresponding period of the previous year, while limited net interest income increased to Rs. 1.51 billion from Rs. 1.33 billion. The bank has earned distributable profit of Rs. 498.3 million during the review period.

The size of the reserve has increased to Rs 3.68 billion from Rs 3.67 billion in the first quarter of the previous year.

During the review period, the bank collected Rs 142 billion more deposits and mobilized Rs 141 billion more loans. In the corresponding period of the previous year, it had collected Rs. 136 billion more deposits and mobilized Rs. 137 billion more loans.

The CD ratio of the bank has been above the regulatory system during the review period. The ratio, which should be 90 percent, is 91.21 percent. With the improvement in profit, the bank's annualized earnings per share (EPS) increased from Rs. 18.21 in the previous year to Rs. The bank has achieved significant success in reducing its NPL ratio from 1.01 to 0.89 percent.