Alpine and Pacific Dev. Bank earning grows by 152.88% and 27.90 % respectively
Wed, Aug 19, 2015 12:00 AM on Others,
ShareSansar, August 19:
Alpine development Bank Limited (ALDBL) has shown remarkable progress in net profit with152.88 percent in the fourth quarter of the last fiscal year 2071/72.
Publicizing its unaudited quarterly report for the fourth quarter today, the development bank has stated that it has earned a net profit of Rs 3.83 crore in the fourth quarter, up from Rs 1.51 crore in the corresponding quarter of the last fiscal year 2070/71.
The bank net interest income has risen to Rs 7.45 crore, up from Rs 4.04 crore in the corresponding quarter. It’s paid up capital remains at Rs 11.80 crore.
It has collected Rs 1.17 arba in deposits and extended loans of Rs 94.19 arba in fourth quarter compared to Rs 83.15 crore in deposits and Rs 68.46 crore in loans in the corresponding quarter of previous year.
The bank’s non-performing loan has dropped to 2.73 percent in Q4 from 4.28 percent in the same period of the previous fiscal year. Its CD ratio stands at 72.20%.
Its EPS now stands at Rs 32.46 and net worth per share at Rs 145.58.
Chitwan based-- Alpine Development Bank Limited (ALDBL) and Birgunj based--Mahalaxmi Finance Limited (MFL) signed a Memorandum of Understanding (MoU) for merger. With the MoU signing between the Mahalaxmi finance and Alpine Development Bank for the merger, the trading of these stocks gets halted at the secondary market from Shrawan 31, 2072.
The last traded price of Alpine Development Bank and Mahalaxmi Finance stood at Rs 348 and Rs 300 respectively.
Likewise, Pacific Development Bank Limited (PADBL) has reported net profit rise of 27.90 percent in the fourth quarter of the last fiscal year 2071/72.
As per unaudited quarterly report published today, the development bank has stated that it has earned a net profit of Rs 2.65 crore in the fourth quarter, up from Rs 2.07 crore in the corresponding quarter of the last fiscal year 2070/71.
The bank net interest income has surged to Rs 5.17 crore, up from Rs 3.83 crore in the corresponding quarter. It’s paid up capital remains at Rs 8.78 crore.
It has mobilized Rs 96.75 crore in deposits and extended loans of Rs 80.49 crore in fourth quarter compared to Rs 74.11 crore in deposits and Rs 64.62 crore in loans in the corresponding quarter of previous year.
The bank’s CD ratio stands at 73.61 %. It’s EPS and net worth stands at Rs 30.28 and Rs 143.57 respectively.
