Commerz and Trust, Machhapuchchhre post massive growth in profit

ShareSansar, Aug 13:

Commerz and Trust Bank and Machhapuchchhre Banks have posted an astounding growth in profit for the FY 2069/70. While Commerz and Trust’s profit surged by a whopping 286.01%, Machhapuchchhre’s earning soared by an almost corresponding figure of 287.42%.

Commerz and Trust earned a profit of Rs 5.86 crore, a significant growth over Rs 1.51 crore reported in the last fiscal.

Commerz and Trust’s deposits increased 57.31% to Rs 9.96 arba and the bank extended loans and advances of Rs 9.03 arba, which is a rise of 59.87%.

The bank’s EPS stands at Rs 2.93 and net worth at Rs 104.86.

Likewise, Machhapuchchhre Bank posted a profit of Rs 14.80 crore for the fiscal 2069/70, an impressive growth over last year’s Rs 3.82 crore.

The bank’s deposits increased 25.95% to Rs 27.13 arba and loans and advances rose 34.65% to Rs 21.64 arba.

The bank’s EPS stands at Rs 5.97.