Kathmandu. The co-operative bank has made public its financial status till mid-June of the last fiscal year. Compared to the previous fiscal year, the bank has been reducing the loss compared to the same period of the last fiscal year.

Statistics show that the bank is gradually becoming financially strong.

The bank had posted a loss of Rs 1.66 billion till mid-July of the previous fiscal year. Now the bank has reduced the losses. As of mid-July of the last fiscal year, the bank had a loss of Rs 48,161,724.

During this period, the bank’s net interest income, net interest, fees and commission income increased, while the operating income was Rs 678 million 22 thousand which was negative in mid-July of the previous fiscal year.

The bank’s net interest income increased from Rs 1.15 billion to Rs 1.57 billion.

Similarly, net interest, fee and commission income increased from Rs 1.19 billion to Rs 1.60 billion. The bank’s distributable profit is Rs 4.33 billion.

The bank had set aside Rs 2.58 billion for loan loss and risk management in mid-July of the previous fiscal year. The amount has now been reduced to Rs 939.14 million.

The bank’s bad loans stood at 30.37 per cent as of Mid-July of the last fiscal year. It was 22.1 percent in the same period of the previous fiscal year.  The bank’s earnings per share is negative at Rs 1.67.

The bank has a share capital of Rs 2.89 billion and a reserve fund of Rs 4.54 billion.