Interest Income of Muktinath Bank Increased 51%

April 25: The net interest income of Muktinath Bikash Bank has increased by 51.70 percent by the third quarter of the current FY. With the increment in the net interest income, the net profit of the bank also increased by 43 percent to Rs 355.1 million. During the period, operating profit of the bank increased by 47 percent to Rs 536.7 million.

Similarly, the paid-up capital of the bank has increased by 84 percent to Rs 1.54 billion. In the period, reserve fund and loan extension of the bank amounted to Rs 634.8 million and Rs 14.17 billion respectively.

Likewise, deposit of the bank increased by 53.84 percent to Rs 15.14 billion by the third quarter of the current FY compared to the corresponding period of the last FY.