Kathmandu. Miteri Development Bank has released the financial status of the fourth quarter of the last fiscal year.

The bank has earned a profit of Rs 130 million till mid-June of the last fiscal year. This profit is 10.03 percent lower than the same period of the previous fiscal year. In the same period of the previous fiscal year, the bank’s net profit stood at Rs 144.49 million.

During this period, both the bank’s net interest income and operating profit declined. Which has also had an impact on profits. Net interest income of the bank declined by 21.32 percent to Rs 204.32 million.

Similarly, operating profit has decreased from Rs 225.82 million to Rs 186.28 million. During the period, the bank’s net profit stood at Rs 166.12 million. The bank has the capacity to pay dividend to shareholders at 12.83 percent.

The bank has a paid-up capital of Rs 1.21 billion and a reserve fund of Rs 344.22 million. The bank’s earnings per share is Rs 10.71 and net worth per share is Rs 141.11.

The bank’s bad loans have decreased significantly. Bad loans stood at 0.28 per cent in the same period last fiscal year as against 0.81 per cent in the previous fiscal year.