Kathmandu. Kumari Bank has released the financial status of the fourth quarter of the last fiscal year. There has been significant progress in profit earnings till mid-July.

According to the details published by the bank, the profit was Rs 45,829 as compared to the same period of the previous fiscal year. It has increased by 01 percent.

The bank’s net profit increased by 45,829.01 percent to Rs 2.11 billion in mid-June of the previous fiscal year from Rs 4.6 million in mid-July of the previous fiscal year.

In mid-July of the previous fiscal year, the bank’s improvement charge stood at Rs 6.84 billion. It was Rs 2.79 billion till mid-July of the last fiscal year. Net interest income of the bank increased by 6.95 percent to Rs 11.55 billion.

Similarly, the operating profit increased by 529.87 percent to Rs 6.13 billion. The bank’s net profit stood at Rs 2.79 billion.

The bank’s earnings per share increased from 0.2 paise to Rs 8.7 and the net worth per share was Rs 142.19. The bank has a paid-up capital of Rs 26.22 billion and a reserve fund of Rs 13.85 billion.

The bank, which collected deposits of Rs 364.63 billion, has invested Rs 260.94 billion in loans.