Manaslu Bikas Q3 profit surges 72.14% to Rs 1.74 crore

ShareSansar, May 11:

Manaslu Bikas Bank Limited (MSBBL) has reported a profit rise of 72.14% in the third quarter of the fiscal year 2071/72.

According to the unaudited quarterly report for the third quarter published today, the development bank has stated that it has earned a net profit of Rs 1.74 crore in the third quarter, up from Rs 1.01 crore in the corresponding quarter of 2070/71.

In the third quarter Manaslu's net interest income has risen to Rs 4.53 crore, up from Rs 2.80 crore, in the corresponding quarter.

It has mobilized Rs 1.12 arba in deposits and given away Rs 1 arba in loans as compared to Rs 70 crore in deposits and Rs 63.85 crore in loans extended in the corresponding quarter of last year.

The development bank’s non-performing loan is nil. Its CD ratio stands at 76.83 percent.

The EPS of Manaslu stands at Rs 10.77 and its net worth per share is priced at Rs 115.56.