Kathmandu. KATHMANDU: Shine Resunga Development Bank has announced its financial results for the second quarter of the current fiscal year. The bank’s net profit has increased by 22.19 percent in the first quarter of the current FY.

The bank had posted a net profit of Rs 33.08 crore in the second quarter of the previous FY. In the review period of the current FY, the bank made a profit of Rs 40.42 crore. During this period, the bank’s net interest income declined marginally, but the operating profit increased. Similarly, the impairment charge has decreased. This has helped in increasing the profitability of the bank.

The bank’s net interest income decreased from Rs 1.29 billion to Rs 1.28 billion. Similarly, the operating profit increased to Rs 60.58 crore from Rs 48.30 crore.

The bank’s impairment charge has come down from Rs 49.67 crore to Rs 31.46 crore. The distributable profit of the bank is Rs 16.22 crore. The distributable profit per share of the bank is 6.37 percent.

The bank has EPS of Rs 16.10 and net worth per share of Rs 146.60. The bank’s NPL has come down from 4.40 percent to 4.75 percent.

The bank has a paid-up capital of Rs 5.02 billion and reserve fund of Rs 2.18 billion. During the period, the bank collected deposit of Rs 73.21 billion and extended loans of Rs 59.53 billion.