Machhapuchchhre Bank earns Rs. 17.31 crore in Q1; NPL mere 0.47%

Machhapuchchhre Bank Limited reports net profit decline by 6.05% in the first quarter for the fiscal year 2072/73.The commercial bank’s net profit dropped to Rs 17.31 crore in Q1 from Rs.19.03 crore in the corresponding quarter of the previous fiscal year. Publishing the unaudited financial report for Q1 today, the commercial bank has collected deposit of Rs.44.70 arba   up from Rs.37.37 arba in Q1 last year. It has floated loans of Rs.36.96 arba, rising from Rs.30.44 arba of the corresponding quarter of the previous fiscal year. The commercial bank’s net interest income reached to Rs. 37.99 crore, increasing from Rs.34.33 crore in Q1. Machhapuchchhre Bank has a paid up capital of Rs.3.14 arba and has a reserve of Rs.1.24 arba. The commercial bank has an operating profit of Rs.26.03 crore. Its NPL dropped to 0.47% from 2.04 % in the first quarter. MBL’s EPS stands at Rs.24.94, net worth per share is at Rs. 139.50 and P/E ratio at 21.65 times.