Prime Bank's profit increased by 39.40%

Jan Thu 2021 05:49:52

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Prime Bank's profit increased by 39.40%

Kathmandu: Most of the indicators of Prime Commercial Bank have increased attractively in the second quarter of the current fiscal year. During this period, the net profit of the bank has increased by 39.40% and reached Rs. 1.81 billion 33.29 million. The bank had earned a profit of Rs 1.30 billion in the corresponding period of the previous year. By mid-December, the bank's distributable profit has also increased dramatically.

The distributable profit of the bank has increased by 45.99% to Rs. 1.26 billion during this period. Last year, its distributable profit was only Rs. 865.95 million. The bank's net interest income increased by 34.66% and operating profit by 39.88%.

As of mid-January, the bank's earnings per share is Rs 22.55 and net worth per share is Rs 139.33.