Machhapuchhre Bank Reports 12.24% Rise in Net Profit to Rs. 2.11 Arba in Q4 FY 2082/83; Deposits Grow 19.72%
Summary
Machhapuchhre Bank Limited reported a 12.24% rise in net profit to Rs. 2.11 Arba in Q4 FY 2082/83, while deposits grew 19.72% and loans and advances increased 15.95%. The bank’s capital adequacy ratio improved to 10.04%, though EPS fell 4.72% and impairment charges surged sharply.
Key Points
- Machhapuchhre Bank Limited posted a net profit of Rs. 2.11 Arba in Q4 FY 2082/83, up 12.24% year on year.
- Deposits rose 19.72% to Rs. 2.20 Kharba and loans and advances increased 15.95% to Rs. 1.64 Kharba.
- Impairment charges jumped 94.35%, but operating profit still edged up 0.54% to Rs. 3.16 Arba.
- The bank’s capital adequacy ratio improved to 10.04%, while EPS declined to Rs. 15.44.
