Kumari Bank Reports Rs 1.07 Arba Q1 Net Profit, Operating Profit Surges 32.39%
Summary
Kumari Bank Limited posted a 1.70% rise in first-quarter net profit to Rs 1.07 अरबा, while operating profit jumped 32.39% on lower impairment charges and reduced personnel expenses. Deposits and loans both grew during the quarter, even as net interest income declined 28.19%.
Key Points
- Kumari Bank Limited reported first-quarter net profit of Rs 1.07 Arba, up 1.70% year-on-year.
- Operating profit rose 32.39% to Rs 1.89 Arba despite a 28.19% drop in net interest income.
- Deposits increased 6.36% and loans and advances grew 7.68% during the quarter.
- The bank’s NPL ratio rose to 8.72%, while capital adequacy improved to 9.15%.
