Kathmandu. Prime Bank has released the financial statements of the last financial year. According to the company’s statement, the profit increased by 14.72 percent to Rs 4.02 billion. In the same period of the previous fiscal year, the bank had posted a profit of Rs 3.50 billion.

During this period, the bank’s net interest income stood at Rs 8.82 billion. Which is 11.92 percent more than the previous fiscal year. In the same period of the previous fiscal year, the bank’s income was Rs 7.88 billion.

Prime Bank’s operating profit increased to Rs 5.93 billion in the same period of the previous fiscal year from Rs 5.31 billion in the fourth quarter of the previous fiscal year. The bank’s bad loans have increased. During this period, the bank’s bad loans were 4. It has increased from 65 percent to 5.56 percent.

On the other hand, the distributable profit increased from Rs 995.3 million to Rs 2.78 billion. On this basis, the bank’s dividend capacity is 14.33 percent.

During the review period, the bank’s paid-up capital stood at Rs 19.40 billion while the reserve fund stood at Rs 11.52 billion. The bank’s earnings per share increased from Rs 19.45 to Rs 20.74. On the other hand, the net worth per share is Also Rs 173.72.