Muktinath Development Bank's profit is more than Rs 1 billion

Aug Sun 2021 09:53:57

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Muktinath Development Bank's profit is more than Rs 1 billion

Kathmandu. Muktinath Development Bank has disbursed Rs. It has made a net profit of over Rs 1.15 billion. According to the bank's financial statements up to that period, the profit has increased by 62.70 percent compared to the same period of the previous year. This profit was Rs. It was more than 707.4 million.

The distributable profit of the bank during this period was Rs. 865 million. In the previous year, this amount was Rs. It was more than 473.3 million. The bank's distributable profit increased by 81.79 percent last year over the previous year. By increasing the paid-up capital through 11.25 percent bonus shares to Rs. 4 billion 811.55 million, the reserve fund of the bank increased by 33.68 percent to Rs. 1 billion 999.64 million.

The bank's deposit collection increased by 51.63 percent to Rs. 86.90 billion and credit flow increased by 52.95 percent to Rs. 72.89 billion. Non-performing loans, which stood at 0.46 percent last year, have dropped to 0.25 percent last year. The bank's earnings per share stood at Rs. 23.92 and a net worth of Rs. 141.49. The price-to-earnings ratio of the bank is 27.47 times till this period.