Kasthamandap development reports net profit of Rs 4.94 crore

 


ShareSansar, May 8

Kasthamandap Development Bank Limited has posted a net profit of Rs 4.94 crore for the third quarter of fiscal year 2071/72.

According to the unaudited quarterly report for the third quarter today, the development bank has stated that it net profit rose to Rs 4.94 crore in the third quarter, up from net loss of Rs 11.53 crore in the corresponding quarter of the previous fiscal year 2070/71.

The bank net interest income reached to Rs 14.30crore, up from Rs 11.05 crore in the corresponding quarter.

The development bank mobilized Rs 4.74 arba in deposit and extended Rs 3.55 arba in loan as compared to Rs 4.80 arba in deposit and Rs 3.15 arba in loan in the corresponding quarter previous year.
 
The NPL of the bank stands at Rs 8.58 percent in third quarter drop from 12.07 percent in corresponding quarter, its CD ratio at 72.85 %.

It’s annualized EPS stands at Rs 7.28 and net worth per share at Rs 86.57.