Machhapuchhre Bank Earned a Net Profit of Rs 1.29 Billion

Machhapuchhre Bank has earned a net profit of Rs 1.29 billion in the first quarter of the current fiscal year. According to the bank’s financial statement, the bank’s profit in the current fiscal year is 10.61 percent higher. The bank had earned a profit of Rs 1.16 billion in the same period last year.

Similarly, the company’s net interest income has also increased by 4.01 percent to Rs 3.16 billion as compared to last year. The bank, which has a paid-up capital of Rs 9.5 billion, has also managed to increase its operating profit to Rs 1.94 billion. Similarly, the bank has secured Rs 2.58 billion in the reserve fund. Similarly, deposit mobilization has increased by Rs 25 billion and credit investment by 21.66 percent.