Kathmandu. In the last fiscal year, the profit of Sindhu Bikas Bank has improved significantly.

The bank has earned a profit of Rs 117.87 million till mid-July of the last fiscal year. This is an increase of 287.60 percent compared to the same period of the previous fiscal year. In the same period of the previous fiscal year, the bank had earned a profit of Rs 30.4million.

During this period, the bank’s net interest income has decreased, but the operating profit has increased. The bank’s improvement charge has come down. This has helped increase profits.

Net interest income of the bank declined by 30.14 percent to Rs 133.75 million. Similarly, operating profit increased by 417.39 percent to Rs 153.56 million.

The bank’s bad loans declined from 10.63 per cent to 6.03 per cent. The bank’s earnings per share increased from Rs 15.69 to Rs 21.15. The net worth of the bank has increased from Rs 67.39 to Rs 86.70 per share.

At present, the bank has a paid-up capital of Rs 557.45 million and a reserve fund of Rs 74.15 million. Bangkok, which collected deposits of Rs 5.68 billion, has disbursed loans worth Rs 3.25 billion.