KATHMANDU

Muktinath Bikas Bank has released its unaudited financial report for the second quarter of the current fiscal year. According to the report, the bank’s net profit decreased by 32.93 percent in the second quarter. During the review period, the bank earned a net profit of 42 crores, whereas in the same period of the previous fiscal year, it had earned 62 crores and 62 lakhs.

During this period, the bank’s net interest income has increased by 2.12 percent, and its net fee and commission income has increased by 4.80 percent. Similarly, the bank’s total operating income has increased by 3.16 percent, while its operating profit has decreased by 31.04 percent.

According to the unaudited financial report, the bank’s non-performing loans have increased from 0.98 percent to 2.51 percent. Along with the increase in non-performing loans, the bank’s impairment charge has also increased from 44 crores to 78 crores. This is the main reason for the decrease in the bank’s net profit in the second quarter of the current fiscal year.

The distributable profit of the bank in the review period was 31 crores, 72 lakhs. Along with the profit, the earnings per share (EPS) have decreased from Rs. 7.59 to Rs. 11.92. Similarly, the price-earnings ratio of the bank is 32.26 times, with a net worth per share of Rs. 137.03.