Kathmandu. Prabhu Bank has significantly improved its profit. Last year, the bank earned three billion net profit. This was shown in the fourth quarter financial statement of the last financial year 2079/80 published by the bank. During the period under review, the bank earned a profit of 2.82 billion 52 lakh 49 thousand rupees. June is 48.43 percent higher than the previous year. In the same period of the previous year, the bank earned a net profit of 1 billion 90 million 20 million 15 thousand rupees.

Net interest income of the bank has also increased significantly during the review period. By the end of June of the previous year, the bank earned interest income of Rs. In the last year, such income of the bank has reached 10 billion 25 billion 25 billion 79 lakh 90 thousand rupees.

Similarly, the net operating income reached 9.85 billion 47 lakh rupees and the total operating income reached 12.29 billion 28 lakh rupees. Net interest income and operating profit of the bank increased due to the increase in net profit. During the review period, the operating profit of the bank has reached 4 billion 737 million 83 thousand rupees. In the previous year, the profit of the bank was only 2 billion 85 million 22 million rupees.

The distributable profit of the bank is 16 crore 16 lakh 55 thousand rupees. The paid-up capital of the bank is 23 billion 54 million 24 lakh rupees. The bank has kept 10 billion 28 million rupees in reserves and funds. During the review period, the bank's deposit collection also increased by 61.81 percent to 2 trillion 89 billion 99 million rupees. The bank's credit investment has also increased by 63.85 percent to 2 trillion 38 billion 21 million 5 lakh rupees.

However, the bank's bad loans increased by 2.3 percent to 4.16 percent. In the same period of the previous year, the bank had only 1.86 percent of bad loans. Bad loans increased after the bank acquired Century Bank. The bank has set aside 2 billion 41 crore rupees for provisioning. The income per share of the bank is 12 rupees, while the net worth per share is 143 rupees 25 paisa.