Muktinath Bikas Bank earns Rs 37.7 crore operating profit in Q4; EPS stood at Rs 37

ShareSansar, July 24:  

Muktinath Bikas Bank Limited has gained an operating profit of Rs 37 crore 7 lakh in the fourth quarter of the last fiscal year 2071/72.

As per the press released published today, the bank has collected Rs 7 arba 78 crore in deposits and its loan and advances stood at Rs 6 arba 71 crore in Q4. Its Earning Per Share (EPS) remains at Rs 37 and Non Performing Loan is at 0.19 percent in Q4 of FY 2071/72.

According to CEO of the bank, Bharat Raj Dhakal, “The development banks operating profit, deposits and loan and advances rose by 36, 34 and 35 percent respectively in the last quarter of previous fiscal year 2070/71.”

Muktinath Bikas Bank has started it operation as a National level Development Bank from Ashad 30, after acquiring Dhading based Civic Development Bank.

The bank has been facilitating services from 48 branches to 1 lakh 74 thousand customers said the CEO of the bank, Mr Bharat Raj Dhakal..