Muktinath Bikas Bank has published first quarter report of FY 2075/76. It has reported surge in net profit by 47.94% in Q1.
As per the published report, the development bank has reported increased in net profit to Rs.20.03 crore in this Q1 of Fiscal year 2075/76 from Rs.13.54 crore in the same period of last fiscal year 2074/75.
During the period the bank has collected deposit of Rs.33.25 arba & floated in loan & advances of Rs.28.85 arba. Deposit increased by 70.18% & loan expansion increased by 71.65% in the comparing period.
Its net interest income increased to Rs.42.57 crore in Q1 from Rs.25.79 crore in the last corresponding quarter. Operating profit increased to Rs. 31.17 crore from Rs.19.84 crore in the last year. Operating profit grown by 57.11% in the comparing period.
Its paid up capital is Rs.2.59 arba with reserves of Rs.1.14 arba. Reserve fund rose by 26.20% and paid up capital by 20.85%.
Its non performing loan stands at 0.02% from 0.03% from the last year. Cost of fund at 8.33% and credit to deposit is 78.83%.
Annualized earning per share is Rs.30.93. Net worth per share is Rs.144.31. PE ratio stands at 12.81 times.
