Kathmandu. Prabhu Bank has released its financial results for the first quarter of the current fiscal year.

The bank’s net profit rose 8.10 per cent to Rs 60.37 crore in the same period last year. It was Rs 55.84 crore in the same period last year.

The bank’s impairment charge has come down from Rs 1.37 billion to Rs 58.86 crore. This has helped the bank to increase its profit.

During the period, the bank’s net interest income decreased from Rs 2.89 billion to Rs 2.33 billion.

Similarly, operating income decreased from Rs 1.17 billion to Rs 1.15 billion.

The distributable profit of the bank stood at Rs 6.78 billion.

The bank has EPS of Rs 10.26 per share and net worth per share of Rs 143.64. The bank has a paid-up capital of Rs 23.54 billion and reserves of Rs 17.06 billion. The bank has collected deposits of Rs 350.02 billion and disbursed loans of Rs 211.13 billion.

The non-performing loan of the bank increased from 5.78 percent to 14.80 percent.