Muktinath Bikash Bank Raises Net Profit by 18.44%

Muktinath Bikas Bank Limited (MNBBL) has stated 18.44% acceleration in net profit in the second quarter of the current fiscal year 2074/75. Its net profit has surged to Rs 26.43 crore in second quarter from Rs 22.32 crore in the corresponding quarter of the fiscal year 2073/74.

According to the unaudited financial report published by the development bank today, its net interest income has risen to Rs 55.82 crore in Q2 as compared to Rs 46.03 crore in the corresponding quarter.

It’s paid up capital remains at Rs 2.59 arba (inclusive of 20% bonus shares from the net profit of FY 2073/74) with Rs 64.14 crore in reserve.

Deposits collection reached Rs 21.73 arba in Q2 and floated loans of Rs 19.33 arba.

Its NPL stands at 0.01%.

Its annualized earning per share (EPS) stand at Rs 20.40, Net worth per share at Rs 124.75 and P/E ratio at 20.59 times.

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