Kathmandu. Kamana Sewa Bikas Bank has published its unrevised financial results for the first quarter of the current fiscal year.

The profit of the bank increased by 16.99 percent in the three months. In the first quarter of the last FY, the profit was Rs 19.75 crore. In the same period of the current financial year, the bank earned a profit of Rs 23.11 crore.

During this period, the bank’s net interest income and operating profit have increased. This has helped in increasing the profit. The net interest income of the bank has increased by 1.43 percent to Rs 62.64 crore.

Similarly, the operating profit increased by 19.02 percent to Rs 33.87 crore. The impairment charge decreased from Rs 11.06 crore to Rs 4.94 crore.

Similarly, the distributable profit of the bank increased by 12.53 percent to Rs 15.21 crore. The bank has a reserve fund of Rs 2.38 billion with a paid-up capital of Rs 4.21 billion. The bank has collected deposits of Rs 67.90 billion and has extended loans of Rs 56.34 billion.

The bank’s earnings per share stood at Rs 23.13 and the net worth per share stood at Rs 161.84. The non-performing loan (NPL) of the bank declined to 3.93 per cent from 4.41 per cent.