Prabhu Bank's profit increased by 68.45 percent and Net worth per share 153

Aug Sat 2021 10:57:42

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Prabhu Bank's profit increased by 68.45 percent  and Net worth per share 153

Kathmandu. Prabhu Bank has earned a profit of Rs 2.1 billion in the fourth quarter of the last fiscal year. The bank has increased its profit by 68.45 percent in the last fiscal year. Last year, the bank had earned only Rs 1.19 billion.

The bank's net interest income has increased by 11 percent, while fee commission income has also increased by 24 percent. Which has helped increase profits. Along with the bank's profit, earnings per share has also increased from Rs 11 to Rs 17. The bank has a net worth of Rs 153 per share.

The bank's capital has increased by 10 percent to Rs 11.34 billion while its reserves are Rs 4.45 billion. Deposit collection increased by 28 percent to Rs 164 billion while credit investment increased by 36 percent to Rs 135 billion. The bank's non-performing loans fell to 1.68 percent from 3.15 percent. 

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