Kathmandu. Machhapuchchhre Bank has published its financial details for the third quarter of the current fiscal year.

During the period, the bank earned a net profit of Rs 1.65 billion. The profit was 50.43 percent higher than the corresponding period of the previous FY.

The bank had posted a net profit of Rs 1,100 crore in the same quarter last year. Net interest income has increased due to normal, operating profit increased and impairment charges decreased.

The bank’s net interest income increased by 3.47 percent to Rs 4.39 billion and operating profit by 16.64 percent to Rs 2.40 billion.

The bank’s impairment charge has come down from Rs 71.56 crore to Rs 67.37 crore. The distributable profit of the bank stands at Rs. 76.TAG_OPEN_span_10 22 crores. The bank has EPS of Rs 18.30 and net worth per share of Rs 168.10.TAG_CLOSE_span_10

The bank has a paid-up capital of Rs 15.08 billion and reserve fund of Rs 8.22 billion. The bank collected deposit of Rs 213.56 billion and extended loan of Rs 159.21 billion.