International Dev. Bank profit shrinks by 15.58% in Q4, NPL drops to 1.43% from 3.56%
Fri, Aug 21, 2015 12:00 AM on Others,
ShareSansar, August 21:
International Development Bank (INDBL) has reported a net profit of Rs 8.51 crore in Q4. In the corresponding quarter of the previous fiscal year, the bank had earned Rs 10.09 crore.
Publicizing the unaudited financial report today, the bank has earned net interest income of Rs 24.48 crore .The operating profit has reached to Rs 10.10 crore rising from 8.57 crore in the corresponding quarter of the previous fiscal year.
The bank has mobilized Rs 5.20 arba in deposits and floated loan of Rs 4.47 arba in Q4. The deposits and loan was 3.54 arba and 3.06 arba respectively in the corresponding quarter of the previous fiscal year.
INDBL has a paid up capital of Rs 70.40 crore and a reserve Rs 14.46 crore. The bank has managed to write back Rs 3.30 crore in Q4.
The bank’s non- performing loan has dropped from 3.56% to 1.43%. Its EPS stands at Rs 12.10, net worth per share at Rs 120.55 and CD ratio stands at 75.65%.
The company had distributed 10 percent bonus and 10 percent cash dividend to its sharehodlers in last fiscal year.
