Kathmandu. Miteri Development Bank has earned a net profit of Rs 5.70 crore in the first six months of the current FY. The profit was 120.26 percent higher than the corresponding period of the previous year. The bank had posted a net profit of Rs 2.58 crore in the same quarter last year.

During this period, the bank’s net interest income and operating profit have increased. The bank’s net interest income increased by 68.43 percent to Rs 14.46 crore and operating profit by 120.26 percent to Rs 8.14 crore.

During the period, the distributable profit of the bank stood at Rs. 6.79 crores. The distributable earnings per share is Rs 11.16.

As of mid-January, the bank’s earnings per share stood at Rs 9.37 and net worth per share stood at Rs 135.98. The bank’s NPL stood at 0.45 percent.

The bank has a paid-up capital of Rs 1.21 billion and reserve fund of Rs 43.79 crore. The bank collected deposit of Rs 8.38 billion and extended loan of Rs 6.56 billion.