Machhapuchchhre Bank reports outstanding profit rise by 41.82% in Q3; NPL stand at 0.55%

Machhapuchchhre Bank Limited (MBL) has posted an outstanding profit rise by 41.82 percent in the third quarter of the fiscal year 2072/73. Publishing the third quarter unaudited financial report today, the commercial bank’s net profit has increased to Rs 62.42 crore in third quarter up from Rs 44.01 crore in the corresponding quarter of the last fiscal year 2071/72. The commercial bank has paid up capital of Rs 3.33 arba with reserve of Rs 2.13 arba in third quarter. Machhapuchchhre Bank’s net interest income surged to Rs 1.31 arba in Q3 as compared to Rs 1.01arba in the corresponding quarter. The bank has collected deposit of Rs 48.43 arba in Q3 from Rs 41.52 arba in the corresponding period last year. Likewise, it has disbursed loans and advances of Rs 40.81 arba whereas the figure stood at Rs 35.09 arba in the corresponding quarter of the previous fiscal year. It has managed to write back to Rs 9.47 crore in Q3 from Rs 5.08 crore in the corresponding quarter. MBL’s non-performing loan (NPL) declined to 0.55 percent in Q3 from 1.76 percent in the previous year report. Its earning per share (EPS) stand at Rs 24.98, net worth per share at 164.05 , and the P/E ratio at 21.61 times.   Please click here for AGM news