Muktinath Bikas Bank Limited (MNBBL) has published second quarter report of this fiscal year 2074/75. Stated net profit of bank is increased by 18.44%. Net profit reached to 26.43 crore in this quarter from 22.32 crore in same quarter of last year.
As per unaudited report, development bank has made a deposit collection of 21.73 arba & floated in loan & loan 19.33 arba.
Net interest income is increased by 21.27%, net interest remains 55.82 crore. Operating income of development bank is 40.46 crore from 33.37 crore in last year’s second quarter.
Its paid up capital stand at 2.59 arba with reserve 64.14 crore.
Non-performing loan (NPL) stands at 0.01%. It is well improvement in NPL. NPL decreased by 94.44% from 0.18%.
CD ratio stands at 78%. Bank must increase its deposit further to float loan.
Annualized earning per share (EPS) stands at 20.40 which decreased by 30.02%. In last year Q2 EPS was 29.15. Fall in EPS is due to bank unable to hike net profit in the ratio of hike in capital.
Net worth per share is 124.75 & PE stands at 20.59 times.
See Q2 report of Lumbini Kikas Bank net profit hike by 27.99%
