Prabhu Bank’s profit rises 44 percent to Rs 2.11 billion in nine months

KATHMANDU: MONDAY, APRIL 26, 2021 – Prabhu Bank’s net profit has increased by 44.08 percent. The company’s profit has reached Rs 2 arab 10 crore 96 lakh rupees in the first nine months of the current fiscal year. The company had earned a net profit of Rs 1 arab 46 crore 41 lakh rupees in the first nine months of the last fiscal year.

Compared to the same period last year, the bank’s deposits increased by 27.22 percent to Rs 1 kharab 63 arab 78 crore and credit flow increased by 35.12 percent to Rs 1 kharab 34 arab 30 crore rupees. The bank’s non-performing loans stood at 1.48 percent, according to its financial statements. The company’s net interest income rose 6.60 percent to Rs 3 arab 83 crore 56 lakh rupees.

The base rate of the current Aama bank is 7.06 percent, spread rate is 3.50 percent, earnings per share is Rs 24.79 and price per share is Rs 4.65.