Agriculture Development Bank (ADBL) has published unaudited financial statements for the second quarter of the current fiscal year. According to the statement, the bank's profit has declined.

As of mid-December of the current fiscal year, the bank has earned a net profit of Rs 1.32 billion. This is Rs. 260 million or 16.44 percent less than the corresponding period of the previous fiscal year. The bank had earned a net profit of Rs 1.58 billion in the corresponding period of the previous fiscal year.

The bank's net profit has come down with the decline in net interest income. The distributable profit of the bank during the period was Rs. 809.5 million.

The bank's net interest income declined by Rs 291.5 million to Rs 2.88 billion during the review period. Similarly, the operating profit of the bank has decreased by Rs. 245.1 million to Rs. 1.89 billion.

As of mid-January, the bank has a paid-up capital of Rs 16.42 billion, a reserve fund of Rs 9.98 billion and a retained earnings of Rs 3.24 billion. By the end of the last fiscal year, the bank's paid-up capital was Rs 14.98 billion, while it was Rs 11.20 billion in reserve fund and Rs 2.27 billion in retained earnings.