Q3 earning of Gandaki Bikas surges 65.95%, Pathibhara Bikas 50.26%

ShareSansar, May 7:

Gandaki Bikas Bank Limited has reported 65.95% rise in profit for the third quarter of the current fiscal year 2071/72.

The bank’s profit rose to Rs 7.47 crore in the third quarter from Rs 4.50 crore reported in the same quarter of the last fiscal year.

Its net interest income has also increased to Rs 16.05 crore, up from Rs 10.30 crore reported in the corresponding quarter of previous fiscal year 2070/71.

According to an unaudited report published on Baisakh 24, Gandaki Bikas mobilized Rs 4.10 arba in deposits by the end of third quarter and extended a total of Rs 3.61 arba in loans.

Its non-performing loans (NPL) dropped significantly to 0.28 percent from 1.22 percent reported in the corresponding period of last fiscal year.

The bank reported a CD ratio of 78.64%. While its EPS stands at Rs 28.32, its net worth per share is valued at Rs 138.62.

Likewise, Pathibhara Bikas Bank Limited has reported 50.26% rise in profit for the third quarter of the current fiscal year 2071/72. Its net profit rose to Rs 3.38 crore, up from Rs 2.25 crore in the corresponding quarter of the previous fiscal year 2070/71.

According to the unaudited financial report published on Baisakh 7, the bank has mobilized Rs 1.46 arba in deposits and disbursed loans and advances of Rs 1.19 arba in the third quarter.

Its net interest income has also increased to Rs 7.66 crore, up from Rs 5.91 crore reported in the corresponding quarter of previous fiscal year 2070/71.

Also, the bank managed to reduce its non-performing loan (NPL) slightly to 1.56% from 1.64 percent in corresponding quarter of previous year.

Pathibhara EPS stands at Rs 23/96 and its net worth per share is at Rs 134/90.