Karnali Development Bank Limited (KRBL) has posted net loss of Rs 1.69 crore in the first quarter of the FY 2074/75.
According to the published unaudited financial reports, the development bank operating loss has also increased to Rs 1.69 crore in the Q1 of FY 2074/75 from Rs 51.47 lakh in Q1 of the previous FY 2073/74.
Its deposit collection has reached to Rs 2.08 arba and has floated a loans of Rs 1.13 arba.
KRBL has paid up capital of Rs 15.10 crore in Q1 and its reserve has gone up from Rs 2.00 crore to Rs 4.01 crore.
KRBL is seeking approval from SEBON to issue 225% right shares. After which its paid up capital will reach to Rs 49.07 crore. To meet the capital requirement of Rs 50 crore, it should further hike its capital by Rs 93 lakh (around 1.89%).
Its earning per share (EPS) is negative at Rs 44.99. Its net worth per share is at Rs 126.52.
Major Highlights:
| Particulars (In Rs '000) |
Karnali Development Bank |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
151,000 |
111,000 |
36.04% |
| Reserve & Surplus |
40,051 |
20,000 |
100.26% |
| Deposits |
2,086,602 |
1,823,041 |
14.46% |
| Loans & Advances |
1,138,944 |
1,012,379 |
12.50% |
| Net Interest Income |
(5,330) |
9,169 |
-158.13% |
| Provision for possible losses |
996 |
6,305 |
-84.20% |
| Operating Profit |
(16,985) |
(5,147) |
230.00% |
| Net Profit |
(16,985) |
(4,220) |
302.49% |
| NPL (%) |
2.04 |
3.71 |
-45.01% |
| Annualized EPS (In Rs.) |
(44.99) |
(15.21) |
195.87% |
| Net Worth per Share (In Rs.) |
126.52 |
118.02 |
7.21% |
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