Kathmandu. Kumari Bank has increased its profit by 49.89 percent in the first quarter of the current fiscal year. The bank has earned a net profit of Rs 602.54 million during the period. The bank has increased its profit by 49.89 percent compared to the same period last year.

The distributable profit of the bank in the first quarter of the current fiscal year is Rs. 259.13 million. The bank's net interest income has increased by Rs 397.14 million to Rs 1.31 billion. Similarly, operating profit increased by Rs. 294.2 million to Rs. 865 million.

The bank has collected Rs 117.26 billion in deposits and invested Rs 110.32 billion in loans till mid-October. Last year, the bank had collected Rs 116.54 billion in deposits and invested Rs 110.71 billion in loans.

 The NPL ratio of the bank has increased from 1.05 percent to 1.43 percent. During this period, the bank's base rate was 8.40 percent, spread rate was 4.36 percent and cost of funds was 6.28 percent. The CCD ratio is 75.31 percent and the capital ratio is 14.93 percent.

The paid up capital of the bank is Rs. 12.52 billion and the reserve fund is Rs. 3.59 billion. The bank's earnings per share is Rs 19.25, net worth is Rs 142.05 per share and price-to-earnings ratio is 11.58 times. The CCD ratio of the bank is 75.31 percent.