Kathmandu. Machhapuchchhre Bank has announced its unaudited financial position as of mid-July of the last fiscal year.

The bank has earned a net profit of Rs 2.11 billion in the same period last year. The profit increased by 12.23 percent compared to the same period of the previous year. The bank had posted a net profit of Rs 1.88 billion in the same period last year.

The bank’s net interest income increased to Rs 6.07 billion in the same period of the last FY from Rs 5.75 billion in the corresponding period of the previous FY.

Similarly, the bank’s income from net fees and commission increased to Rs 1.58 billion from Rs 1.28 billion.

The bank’s operating profit increased to Rs 3.16 billion from Rs 3.14 billion. The distributable profit of the bank stood at Rs 98.19 crore as of mid-July last year.

The bank has a paid-up capital of Rs 15.08 billion and reserve fund of Rs 7.43 billion. During the period, the bank collected deposits of Rs 220.49 billion and extended loans of Rs 163.99 billion.

The net worth per share of the bank stands at Rs 169.09. The non-performing loan of the bank stands at 3.98 percent.