Kathmandu. Prime Commercial Bank has earned a profit of Rs 1.17 billion in the first quarter of the current fiscal year 2077-07. This is an increase of 54.24 percent over the same period last year.

Prime has significantly improved its profits with the merger of Kailash Development Bank.

Similarly, the bank's net interest income increased by 46.23 percent to Rs 1.55 billion. Operating profit also increased by 53.27 percent to Rs 1.44 billion. Bad debt is 1.37 percent.

In the first quarter, it has collected Rs 124 billion in deposits and invested Rs 113 billion in loans.