Tinau Mission Development Bank reports Rs 17.21 crores profit post merger

Tinau Mission Development Bank (TMDBL) has registered a net profit rise of 140.02 percent in the fourth quarter (Q4) post its merger with Mission Development Bank in the fiscal year 2075/76.

As per the unaudited report for the fourth quarter published today, the bank’s net profit has increased to Rs 17.21 crore in the fourth quarter of fiscal year 2075/76, which was Rs 7.17 crore reported in the same quarter of the fiscal year 2074/75.

The bank has collected Rs 10.60 arba in deposits and disbursed Rs 8.91 arba in loans till Q4. Its Non-performing loan remain at 0.34% from corresponding quarter’s 0.30%.

The company has Rs 1.14 arba as the paid up capital with Rs 30.69 crore in its reserve.

The annualized EPS of the development bank stands at Rs 15.04 and the Net worth of the company stands at Rs 126.83.