Deva Bikas integrated report after merger, net profit up rises by 28.53 %, NPL drops from 13.30% to 4.77%
Thu, Aug 20, 2015 12:00 AM on Others,
ShareSansar, August 20;
Deva Bikas Bank Limited has reported a net profit of Rs 15.95 crore in the Q4. The bank was in loss of Rs 22.32 crore in the corresponding quarter of the previous fiscal year.
Rising Development Bank (RDBL) and NDEP Development Bank (NDEP) had undergone 1:1 ratio merger process and commenced its joint operation as Deva Bikas Bank from Ashad 25, 2072. The fourth quarterly report is the first integrated quarterly report of the development bank.
Publicizing the unaudited financial report today the national level development bank has stated an operating profit of Rs 25.69 crore which had suffered loss of Rs 24.12 crore in the corresponding quarter of the previous fiscal year. The dev. bank has net interest income of Rs 21.61 crore in Q4.
DEVA has a paid up capital of Rs 81.80 crore with Rs 11.39 crore in reserve. Likewise it has mobilized Rs 6.70 arba in deposits and extended loan of Rs 5.07 arba.
Its NPL has decreased to 4.77%in Q4 from 13.30% in the corresponding quarter of the previous fiscal year. The EPS of the dev bank stands at Rs 19.50, net worth per share stands at Rs 113.93 with P/E ratio 9.03 times.
