Kathmandu. Prabhu Bank Limited has earned a net profit of Rs. 851.4 million in the first quarter of the current fiscal year. This is an increase of 35.25 percent over the same period last year. The bank had earned a net profit of Rs 628.4 million in the corresponding period of the previous fiscal year.

 The rise in net interest income, fees, commissions and discount income along with other operating income of the bank has led to increase in net profit. The distributable profit of the bank is Rs. 175.6 million.

Along with net profit, the bank's earnings per share has also increased. Such income of the bank has increased to Rs 32.96 paise from Rs 28.27 paise in the same period of the current fiscal year. Similarly, the bank's net worth per share is Rs 155.30 and price-to-earnings ratio is 7.22 times.

The bank, which has a paid-up capital of Rs 10.31 billion, has accumulated Rs 4.30 billion in the reserve fund and Rs 1.40 billion in retained earnings. The bank's deposits have increased from Rs 128 billion to Rs 133 billion in the first three months of the current fiscal year. Similarly, the bank's credit has increased from Rs 99.41 billion to Rs 116 billion.