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Nepal Bangladesh Bank’s EPS tumbles by 44.33% to Rs 16.63 in Q4 after capital increment; Bank of Kathmandu nearly double its EPS by 89.09% to Rs 22.01

- ShareSansar, August 11, 2017  on Featured , Financial Analysis , Latest , Stock Market
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Nepal Bangladesh Bank Limited (NBB) has posted negligible net profit growth of 0.17 percent for the fourth quarter of the last fiscal year 2073/74.

Publishing the unaudited financial report for today, the commercial bank has stated that its net profit increased to Rs 1.20 arba in Q4 of the fiscal year 2073/74 up from Rs 1.19 arba in the corresponding quarter of the previous fiscal year 2072/73.

Its net interest income increased from Rs 1.46 arba in corresponding quarter to Rs 1.52 arba in Q4.

Nepal Bangladesh Bank has paid up capital of Rs 7.21 arba. The bank’s reserve and surplus rises by massive 72.28 percent to Rs 3.49 arba.

The bank had issued 80% right shares to its shareholders. As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba by the end of FY 2073/74, NBB will need to increase its capital by a further 10.85%.

The commercial bank has collected deposits of Rs 43.71 arba in Q4 compared to Rs 39.87 arba in the corresponding quarter last year. Likewise, it floated loans of Rs 37.46 arba, up from Rs 32.52 arba of corresponding quarter previous fiscal year.

The operating profit of the bank reached to Rs 1.77 arba from Rs 1.51 arba.

The bank’s Non-Performing Loan (NPL) has inclined to 0.76 % in Q4 from 0.71% in the corresponding quarter. Its CCD ratio stands at 69.36% .

Its earning per share (EPS) has declined from Rs 29.87 last year to Rs 16.63 in Q4. Its net worth per share is at Rs 148 and P/E ratio at 14 times.

Major Highlights:

Indicators (Rs in “000”) FY 2073/74 Q4 FY 2072/73 Q4 Growth (%)
Paid Up Capital            7,219,059            4,011,759               79.95
Reserve and Surplus            3,493,199            2,027,575               72.28
Deposits          43,713,194          39,875,234                  9.62
Loans and Advances          37,460,093          32,528,325               15.16
Net Interest Income            1,524,609            1,462,360                  4.26
Provision                  39,903                  70,323             (43.26)
Write Back                  25,798                  50,764             (49.18)
Operating Profit            1,771,876            1,519,688               16.59
Net Profit            1,200,382            1,198,298                  0.17
Capital Adequacy Ratio (%)                     15.75                     10.96               43.70
NPL (%)                       0.76                       0.71                  7.04
Cost of Funds (%)                       5.10                       3.95               29.11
CD Ratio (as per NRB) (%)                     69.36                     72.83               (4.76)
Base rate                     10.28                       7.06               45.61
EPS (Annualized)                     16.63                     29.87             (44.33)
Networth Per Share                  148.39                  150.54               (1.43)
P/E Ratio                     24.18 

Likewise, Bank of Kathmandu Limited (BOKL) has reported a massive profit rise of 89.09 percent in the fourth quarter of the last fiscal year 2073/74.

According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 1.23 arba in the fourth quarter from 65.52 crore in the corresponding quarter of the last fiscal year 2072/73. Likewise, the operating profit has increased to Rs 1.62 arba from Rs 99.26 crore as compared to the corresponding quarter of last fiscal year.

BOKL’s net interest income has risen to Rs 2.56 arba in the fourth quarter as compared to Rs 1.54 arba in the corresponding quarter.

As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba by the end of FY 2073/74, BOKL will need to increase its capital by further 42.35 %.

BOKL’s reserves and surplus increased by 54.50 % to Rs 3.32 arba. Previously in the Q4 of the FY 072/73, the reserve and surplus stood at Rs 2.14 arba.

Deposits collection of BOKL has reached Rs 72.13 arba in Q4 from Rs 67.83 arba in the corresponding period last year–rises by 36.25 percent.

Likewise, it has extended loans and advances of Rs 62.54 arba in Q4 whereas in the same period last year the figure stood at Rs 60.31 arba. Its CD ratio stands at 75.34%.

Its non-performing loan has declined to 1.46 percent in Q4 2.51 percent in the previous year report.

BOKL’s Earnings per share (EPS) has impressively increased to Rs 22.01 in Q4 from Rs 11.64 in the corresponding quarter. Its net worth per share is at Rs 158.98, and P/E ratio at 20.99 times.

Major Highlights:

Indicators (Rs in “000”) FY 2073/74 Q4 FY 2072/73 Q4 Growth (%)
Paid Up Capital            5,629,576            5,629,576                      –
Reserve and Surplus            3,320,513            2,149,243               54.50
Deposits          72,136,797          67,836,391                  6.34
Loans and Advances          62,549,988          60,317,707                  3.70
Net Interest Income            2,566,070            1,542,906               66.31
Provision                306,330                258,561               18.47
Write Back                177,771                  39,482             350.26
Operating Profit            1,628,220                992,645               64.03
Net Profit            1,239,075                655,276               89.09
Capital Adequacy Ratio (%)                     13.97                     13.01                  7.38
NPL (%)                       1.46                       2.51             (41.83)
Cost of Funds (%)                       5.37                       4.03               33.25
CD Ratio (as per NRB) (%)                     75.34                     78.88               (4.49)
Base rate                     10.57                       6.89               53.41
EPS (Annualized)                     22.01                     11.64               89.09
Networth Per Share                  158.98                  138.18               15.06
P/E Ratio                     20.99 

 

 

 

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