Machhapuchchhre Bank Posts Rs. 1.01 Arba Net Profit in Q2; EPS Rises to Rs. 16.73 as Cost of Fund Drops to 3.56%
Summary
Machhapuchchhre Bank reported a net profit of Rs. 1.01 Arba in Q2 FY 2082/83, a 25.25% increase year-on-year, with EPS rising to Rs. 16.73 and cost of funds dropping to 3.56%.
Key Points
- Machhapuchchhre Bank's net profit for Q2 FY 2082/83 rose by 25.25% to Rs. 1.01 Arba compared to the prior year.
- Net interest income increased by 4.16% to Rs. 2.94 Arba, while operating profit decreased by 10.22%.
- Cost of funds dropped significantly by 26.14% to 3.56%, contributing to improved profitability metrics.
- Deposits and loans grew by 10.79% and 8.89% respectively, though retained earnings decreased sharply by 53.40%.
