Kathmandu. Laxmi Sunrise Bank (Laxmi Sunrise Bank) has announced its unaudited financial position for the end of the last fiscal year.

The bank has earned a net profit of Rs 3.11 billion in the same period last FY. The profit of the bank has decreased by 23.26 percent compared to the same period of the previous year. The bank had posted a net profit of Rs 4.06 billion in the same quarter last year.

The bank’s net interest income increased to Rs. 11.58 billion in the same period of the last FY from Rs. 10.85 billion in the corresponding period of the previous FY. Similarly, the bank’s net profit from fees and commission increased to Rs 2.45 billion from Rs 2.18 billion.

The bank’s operating profit declined to Rs 4.70 billion from Rs 6.03 billion.

The distributable profit of the bank stood at Rs 1.81 billion as of mid-July last year. The bank’s dividend yield is Rs 6.79.

The bank has a paid-up capital of Rs 26.78 billion and reserve fund of Rs 18.80 billion.

During the period, the bank collected deposit of Rs 424.37 billion and extended loans of Rs 306.53 billion.

The bank has EPS of Rs 11.64 and net worth per share of Rs 177.02. The non-performing loan of the bank has increased from 4.35 percent to 5.23 percent.