Kathmandu: Siddhartha Bank's profit has declined by 10.50% to Rs 918.74 million in the second quarter of the current fiscal year. Last year, the bank had made a profit of Rs 1.26 billion. Both net interest income and operating profit have declined. The distributable profit till the second quarter was negative at Rs. 136.9 million.

 Meanwhile, the paid up capital remained unchanged but the reserve fund increased by 48.89%. The amount of the reserve fund has reached Rs. 7.41 billion. Net worth per share has also increased by Rs 36.48 paise to Rs 187.20 paise due to attractive improvement in the reserve fund. But with the contraction in net profit, earnings per share has declined by Rs 2.21.