Muktinath Bikas Bank posts 67.79% rise in profit to Rs 16.04 crore for Q3

ShareSansar April 20:

Muktinath Bikas Bank Limited has reported 67.79 percent rise in profit for the third quarter of the current fiscal year 2071/72.

According to unaudited financial statement published on Baisak 7, its net profit has mounted to Rs 16.04 crore, up from Rs 9.56 crore in the corresponding quarter of the previous fiscal year 2070/71.

The bank has collected Rs 6.47 arba in deposits and its loan and advances stood at Rs 5.81 arba.

Its nonperforming loan has also minimized to 0.39 percent from 0.66 percent compared to corresponding quarter and CD ratio stands at 79.16 percent.

Its annualized EPS stands at Rs 35.79 and its net worth per share is at Rs 144.50.