Miteri Development Bank Limited has published its unaudited financial statement for the third quarter of the current fiscal year, showing a 4.07 percent increase in net profit. The bank’s profit rose to Rs. 9.62 crore, compared to Rs. 9.24 crore in the same period of the previous fiscal year.
The growth in profit is mainly supported by improvements in net interest income and operating income, despite a rise in impairment charges during the review period.
Net interest income surged by 67.05 percent to Rs. 22.15 crore, while operating income increased by 13.96 percent to Rs. 25.57 crore. However, impairment charges also increased significantly from Rs. 21.48 lakh to Rs. 2.25 crore.
The bank’s non-performing loan (NPL) ratio improved by 0.30 percentage points, falling to 0.48 percent.
During the review period, the bank collected deposits worth Rs. 8.58 arba and extended loans amounting to Rs. 6.84 arba.
The bank reported a distributable profit of Rs. 10.07 crore, with a dividend capacity of 9.90 percent. Its paid-up capital stands at Rs. 1.21 arba, while reserves total Rs. 47.90 crore.
Earnings per share (EPS) increased by Rs. 0.41 to Rs. 10.54, and the net worth per share stood at Rs. 139.36.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
