Kathmandu – The net profit of Standard Chartered Bank decreased by 4.51 percent in the fourth quarter of the last financial year 2080-81. The bank earned a profit of 3 billion 46 crore 53 thousand rupees, reflecting a 4 percent decline. In the same period of the previous year, the bank earned a profit of 3 billion 89 crore rupees.

Until last June, the bank’s net interest income also declined. The bank’s interest income decreased by 13.46 percent to 5 billion 15 crore 44 lakh rupees. In the same period of the previous year, the bank earned a net interest income of 5 billion 95 crore 6 lakh rupees.

The distributable profit of the bank is 2.49 billion rupees. During the review period, the bank’s paid-up capital was 9 billion 42 crore 94 lakh rupees, while the reserve fund increased by 3.89 percent to 11 billion 13 crore 2 lakh rupees. Last year, bank deposits decreased by 4.27 percent to 1 trillion 12.48 billion rupees, while loans increased by 4.25 percent to 81.14 billion rupees.

During this period, the bank’s bad loans reached 2.14 percent.