Kathmandu. Miteri Development Bank has earned a net profit of Rs 9.62 crore in the first quarter of the current FY.

The profit increased by 4.07 percent compared to the corresponding period of the previous FY. The company had posted a net profit of Rs 9,24,56,000 in the same quarter last year.

During this period, the bank’s net interest income and operating profit have increased. During this period, the bank’s impairment charge has increased. The bank’s impairment charge has increased to Rs 2.25 crore. It was 21.28 lakh in the same period last year.

The bank’s net interest income increased by 67.05 percent to Rs 22.15 crore in mid-April. Similarly, the operating profit of the bank increased by 4.07 percent to Rs 13.74 crore.

The distributable profit of the bank stood at Rs 10.07 crore as of mid-April. The bank’s dividend payout is Rs 11.03. The bank has EPS of Rs 10.54 and net worth per share of Rs 139.36.

The bank has a paid-up capital of Rs 1.21 billion and reserve fund of Rs 47.90 crore. The bank collected deposit of Rs 8.58 billion and extended loan of Rs 6.84 billion.