The latest National Development Bank (NDB) financial report reveals that the bank’s profits have risen by 135 percent to Rupees 1.19 billion during the March quarter.

While the bank’s per share earnings has recorded Rs. 29.66, the net interest earnings has increased by 16 percent to Rs. 1.86 billion.

It has also revealed that within this quarter non-performing loans have increased from Rs. 23 million up to Rs. 125 million.