Double-Digit Profit Surge for MBL, EPS Also Rises Sharply

Machhapuchchhre Bank Limited (MBL) has reported remarkable performance in its unaudited fourth quarter financial statement for fiscal year 2080/81. The bank has posted a net profit of Rs. 2.01 billion — a significant 92.45% increase compared to the same period last fiscal year, when it had earned Rs. 1.04 billion.

The profit growth is mainly attributed to a 15.41% rise in net interest income, an 18.16% increase in fee and commission income, and a 16.51% growth in total operating income. Additionally, the bank's impairment charges dropped sharply from Rs. 1.39 billion to Rs. 353.7 million, contributing to a 99.91% rise in operating profit.

Earnings Per Share (EPS) climbed by Rs. 8.31 to reach Rs. 17.31. The distributable profit as of Ashad-end stood at Rs. 1.07 billion, with distributable EPS of Rs. 9.23. The Price to Earnings (P/E) ratio stands at 14.99 times, while Net Worth per Share is Rs. 163.80.

With a paid-up capital of Rs. 11.62 billion, the bank has collected total deposits of Rs. 1.84 trillion and disbursed loans worth Rs. 1.41 trillion. The reserve fund has grown to Rs. 7.41 billion, strengthening the bank's financial position and future expansion capacity.