Machhapuchhre Bank distributable profit increased by 162.66 percent

Aug Wed 2023 01:43:18

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Machhapuchhre Bank distributable profit increased by 162.66 percent

Kathmandu. Machhapuchhre Bank has the ability to distribute 15.29 percent dividend from last year's profit. According to last year's financial statement, the bank's distributable profit increased by 162.66 percent to 1.56 billion 87.44 thousand rupees. During the same period of the previous year, the distributable profit of the bank was 597.2 million 44 thousand rupees. With the increase in the distributable profit of the bank, the dividend capacity has also increased.

The bank's net profit increased by 9.75 percent to 1 billion 85 million 11 lakh rupees till the fourth quarter of the last financial year. During the same period of the previous financial year, the bank made a net profit of Rs 1 billion 68 crore 66 lakh. Net interest income of the bank has increased with the increase in profit. During the review period, the net interest income of the bank increased by 10.43 percent to 5 billion 386 million rupees. In the same period of the previous financial year, the bank had earned a net interest income of 4.87 billion rupees.

Along with the profit of the bank, the earnings per share have also increased. The bank's earnings per share increased by Rs 1.60 to Rs 18.5. The price earnings ratio of the bank is 12.84 times and the net worth per share is Rs 159.10. During the review period, bad loans of the bank increased from 1.04 percent to 2.12 percent. The cost of funds of the bank is 8.07 percent, base rate is 10.74 percent and CD ratio is 80.64 percent.