Q3 profit of Garima Bikas rises by 60.89%, Nilgiri by 72.22%

ShareSansar, April 22:

Garima Bikas Bank Limited has reported 60.89% rise in profit for the third quarter of the current fiscal year 2071/72.

According to unaudited financial statement published on Baisak 9, its net profit has increased to Rs 9.98 crore, up from Rs 6.20 crore in the corresponding quarter of the previous fiscal year 2070/71.

The bank has collected Rs 4.82 arba in deposits and its loan and advances stood at Rs 4.39 arba.
Its nonperforming loan has risen to 0.57% in Q3 from 0.51% in the same quarter last year. The bank’s CD ratio stands at 79.20%.

The net interest income of the development bank is Rs 21.14 crore and operating profit is at Rs 15.62 crore.

Its EPS is at Rs 23.94 and net worth per share at Rs 131.42.

Meanwhile, Nilgiri Bikas Bank has reported a huge growth in profit for the third quarter of fiscal year 2071/2071.

The bank’s profit surged by 72.22% in the third quarter to Rs 1.69 crore, up from 94.04 lakhs posted in the corresponding quarter of the previous fiscal year 2070/71.

The bank has collected total deposits of Rs 79.55 crore whereas its loan and advances stood at Rs 71.2 crore. The bank reported a net interest income of Rs 3.04 crore and an operating profit is at 2.54 crore.

Nilgiri’s nonperforming loan (NPL) has declined to 0.63% from 0.87% in the corresponding quarter of last fiscal year. Its CD ratio stands at 73.85.

Its annualized earning per share is at Rs 18 and net worth per share is at Rs 127.73.