Deva Bikas Bank published unaudited first quarter report; net profits increase by 18.54% to Rs.5.96 Crore

Deva Bikas Bank Limited (DBBL) has reported an increase of 18.54% in the net profit in the first quarter of the current FY 2076/77.

According to the unaudited financial report published by the National level development bank, its net profit has reached to Rs.5.96 Crore in the first quarter, from Rs.5.03 Crore in the corresponding quarter of the last fiscal year 2075/76.

DBBL’s net interest income has risen to Rs.26.71 Crore in the first quarter as compared to Rs.18.19 Crore in the corresponding quarter. Its deposits collection reached Rs.21.86 Arba in Q1 from Rs.21.78 Arba in the corresponding period last year.

Likewise, it has extended loans and advances of Rs.20.63 Arba in Q1 whereas in the same period last year, the figure stood at Rs.20.07 Arba.

Annualized Earning per share (EPS) of DBBL stands at Rs.7.51 down from Rs.12.25 of last year. The net worth per share stands at Rs.126.03 and PE ratio was posted at 16.91 times.

Its paid up capital and reserves remain at Rs.3.17 Arba and Rs.38.09 Crore respectively.