Chhimek Laghubitta profit rises by a staggering 140.44%; DEPROSC earnings grow 71.24%
Thu, May 14, 2015 12:00 AM on Others,
ShareSansar May 14:
Chhimek Laghubitta Bikas Bank Limited has posted 140.44 % growth in net profit for the third quarter of the current fiscal year 2071/72.
Publishing the unaudited financial report for the third quarter today, the development bank has stated that its net profit rose to Rs 19.28 crore, up from Rs 8.02 crore reported in the corresponding quarter of the last fiscal year 2070/71.
The development bank has mobilized deposits of Rs 4.34 arba in the 3rd quarter compared to Rs 3.05 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 7.19 arba, up from Rs 4.31 arba. It has a borrowings of Rs 2.87 arba.
Chhimek Laghubitta’s net interest income has slightly risen from Rs 28.44 crore in the corresponding quarter last year to Rs 49.56 crore in the third quarter of 2071/72.
It posted an operating profit of Rs 30.31 crore.
The bank’s NPL has declined from 0.04 % in the third quarter of the last fiscal to 0.02 % this year.
Its EPS now stands at Rs 90.63, net worth per share at Rs 160.27, and CD ratio at 149.80 %.
Whereas, DEPROSC Laghubitta Bikas Bank limited has reported 71.24% growth in net profit for the third quarter of the current fiscal year 2071/72.
Publishing the unaudited financial report for the third quarter today, the development bank has stated that the bank’s net profit rose to Rs 10.51 crore, up from Rs 6.13 crore the corresponding quarter of the last fiscal year 2070/71.
The development bank has mobilized deposits of Rs 76.05 crore in the 3rd quarter compared to Rs 54.07 crore in the corresponding quarter last year. Likewise, it extended loans of Rs 2.52 arba, up from 1.72 arba. It has a borrowing of Rs 1.62 arba
DEPROSC’s net interest income has slightly risen from Rs 16.31 crore in the corresponding quarter last year to Rs 24.42 crore in the third quarter of 2071/72.
It posted an operating profit of Rs 27.45 crore.
The company's NPL has declined from 0.43% in the third quarter of the last fiscal to 0.33 % this year.
Its EPS now stands at Rs 31.14, net worth per share at Rs 219.68, and CD ratio at 29.74%.
