Machhapuchhre Bank's profit increased by 29.36 percent

Aug Sat 2021 10:48:55

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Machhapuchhre Bank's profit increased by 29.36 percent

Kathmandu. Machhapuchhre Bank has earned a profit of Rs 1.63 billion. Such figures have been made public by releasing unrevised financial statements up to the fourth quarter of the last fiscal year. The bank's profit is 29.36 percent higher than the same period of the previous fiscal year.

The bank's distributable profit in the last fiscal year is Rs 1.13 billion. The bank's net interest income and operating profit have also increased during the period. As a result, the bank's profit seems to have increased.

As of the last quarter of the last fiscal year, the net interest income of the bank is Rs. 4.32 billion. Such income of the bank is Rs. 460 million more than the same quarter of the last fiscal year. The bank had earned Rs 3.86 billion in the corresponding quarter of the previous fiscal year.

The bank's operating profit for the period is Rs 2.47 billion. This is an increase of Rs. 550 million over the same period last year. In the previous fiscal year, the bank's profit was Rs 1.92 billion.