Mega bank records 21.78% net profit increment in 2021-22 FY

KATHMANDU: Mega Bank Limited has published its fourth-quarter report for the FY 2078/2079 with an increment in net profit by 21.78%.

The bank’s net profit has increased from Rs 2.32 billion in the fourth quarter of FY 2077/2078 to Rs 2.83 billion in the fourth quarter of FY 2078/2079.

In the same quarter, the bank has Rs 1.63 billion as distributable profit after PL Appropriation and Regulatory Adjustments.

The bank’s deposits from customers increased by 12.12% to Rs 1.53 billion whereas loans and advances to customers increased by 7.59% to Rs 1.47 billion by the fourth quarter.