Miteri Development bank limited has published second quarter report of 2074/75 stated fall in net profit by 20.17%.
As per the report published, development bank has posted 4.16 crore net profit. It is decreased by 20.17%. In last year corresponding quarter bank had earned 5.21 crore.
During the period, it has collected deposit of 3.04 arba & expanded in loan & advance 2.66 arba.
Net interest income of bank is 7.04 crore. It is decreased by 16.63%. Operating profit also decreased by 20.26% to 6.53 crore. Interest expanse, staff expanse & other expanse increased so operating profit is decreased. It again leads to fall in net profit.
Its paid up capital 50 crore & Its reserve is 12.84 crore.
Non- performing loan stands at 0.08%. Cost of fund 8.92%. CD ratio stands at 73.28%. Means its has still same space to float loan.
Annualized Earning per share is 16.66.
Net worth per share is 125.68. Price to earning ratio is 19.57 times.
