Kathmandu. Machhapuchhre Bank’s financial condition has improved significantly.

The bank has earned a profit of Rs 2.01 billion till mid-June of the last fiscal year. This profit is 92.45 percent higher than the previous fiscal year. In the same period of the previous fiscal year, the bank had earned a profit of Rs 1.04 billion.

The bank’s net interest income, operating profit increased and the improvement charge decreased significantly. Net interest income of the bank increased by 15.41 percent to Rs 5.75 billion by mid-June of the last fiscal year.

Similarly, operating profit increased by 99.91 percent to Rs 3.33 billion. Similarly, the bank’s improvement charge has come down from Rs 1.39 billion to Rs 353.7 million.

The bank’s net profit stood at Rs 1.07 billion. The bank’s dividend paying capacity is Rs 9.23.

The bank’s earnings per share is Rs 17.31 and net worth per share is Rs 163.80. The bank’s bad loans stood at 3.83 per cent.

The bank has a paid-up capital of Rs 11.62 billion and a reserve fund of Rs 7.41 billion. The bank has collected deposits of Rs 184.17 billion till Mid-June and has invested Rs 141.63 billion in loans.