Machhapuchchhre Bank Limited (MBL) has registered a net profit rise of 44.84 percent in the fourth quarter of the last fiscal year 2073/74.
Publishing the unaudited quarterly report for the fourth quarter today, the commercial bank has net profit of Rs. 1.30 arba in the Q4 of fiscal year 2073/74, up from Rs. 89.82 crore in the corresponding quarter of fiscal year 2072/73.
Machhapuchchhre Bank has a paid up capital of Rs 6.59 arba. Its reserve and surplus increased by massive 273.53 percent to Rs 2.51 arba in Q4 of the fiscal year 2073/74 from Rs 67.37 arba in corresponding quarter.
Machhhapuchchhre Bank has been issuing 12% right shares to its shareholders. After this right share issuance, its paid up capital will reach Rs 7.39 arba. As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba by the end of FY 2073/74, MBL has to issue a further capital hike of Rs 61 crore (around 8.25%).
The commercial bank’s net interest income surged to Rs 2.32 arba in the fourth quarter compared to Rs 1.85 arba of the corresponding quarter of the previous fiscal year. Its CCD ratio stands at a tight 76.58%.
Machhapuchchhre Bank has collected Rs. 58.62 arba in deposits and mobilized Rs. 51.86 arba in loans in the fourth quarter of 2073/74 .The deposit and loan was Rs 52.29arba and Rs 44.23 arba respectively in the corresponding quarter of fiscal year 2072/73.
The bank has an operating profit of Rs 1.78 arba in Q4 compared to Rs 1.25 arba in the corresponding quarter of the previous fiscal year.
The bank’s non-performing loan (NPL) has declined to 0.37 percent in Q4 from 0.55 percent in the same quarter of previous year.
MBL’s earning per share (EPS) has slightly inclined to Rs 19.72 in Q4 from Rs 19.25. Likewise, its net worth per share stands at Rs.138.14 and P/E ratio is 15.02 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
6,598,700 |
4,666,430 |
41.41 |
| Reserve and Surplus |
2,516,724 |
673,773 |
273.53 |
| Deposits |
58,629,077 |
52,291,877 |
12.12 |
| Loans and Advances |
51,866,770 |
44,234,232 |
17.25 |
| Net Interest Income |
2,325,174 |
1,857,320 |
25.19 |
| Provision |
136,029 |
136,891 |
(0.63) |
| Write Back |
134,665 |
126,101 |
6.79 |
| Operating Profit |
1,780,096 |
1,258,554 |
41.44 |
| Net Profit |
1,301,031 |
898,223 |
44.84 |
| Capital Adequacy Ratio (%) |
17.48 |
12.23 |
42.93 |
| NPL (%) |
0.37 |
0.55 |
(32.73) |
| Base Rate (%) |
10.29 |
6.18 |
66.50 |
| CD Ratio (as per NRB) )%) |
76.58 |
76.26 |
0.42 |
| EPS (Annualized) |
19.72 |
19.25 |
2.43 |
| Net worth Per Share |
138.14 |
114.44 |
20.71 |
| P/E Ratio |
15.02 |
29.47 |
(49.03) |
