Kathmandu. Machhapuchchhre Bank has earned a net profit of Rs 41.79 crore in the first three months of the current FY.

The profit was 16.95 percent lower than the corresponding period of the last FY. The bank had posted a net profit of Rs 50.32 crore in the same period last year.

In the first quarter of the current fiscal year, the bank’s net interest income and operating profit have also declined.

The bank’s operating profit declined by 40.15 percent to Rs 59.84 crore. The bank’s net interest income decreased by 1.60 percent to Rs 1.45 billion.

The distributable profit of the bank is negative at Rs 11.42 crore. The net worth of the bank is Rs 154.60. The bank collected deposit of Rs 193.54 billion and extended loan of Rs 148.65 billion.

The bank has a paid-up capital of Rs 12.08 billion and reserve fund of Rs 6.68 billion. The NPL of the bank has increased from 3.15 percent to 4.13 percent.