Saptakoshi Dev Bank net profit upturns by 51.25 % in Q4, IPO shares yet to be listed in NEPSE
Tue, Aug 18, 2015 12:00 AM on Others,
ShareSansar, August 18:
Morang based Saptakoshi Development Bank Limited has posted a net profit of Rs 42.73 lakh till Q4 of 71/72 FY. The net profit has increased by 51.25% in the fourth quarter of the last fiscal year rising from 28.25 lakh in the corresponding quarter of the previous fiscal year.
Publicizing the unaudited fourth quarterly report today, the bank has stated an operating profit of Rs 32.52 lakh in Q4 decreasing from Rs 43.83 lakh in the corresponding quarter of the previous fiscal year.
The development bank has mobilized deposits of Rs 43.78 crorein the fourth quarter of the last fiscal as against Rs 23.22 crorein the corresponding quarter of the previous fiscal year. Likewise, it extended loans of Rs36.99 crore up from Rs 21.15 crore.
The bank’s net interest income has increased toRs 2.45crore in Q4 from Rs 1.36 crorein the corresponding quarter of the previous fiscal year.
The paid up capital of the development bank is Rs 10 crore with reserve Rs 79.71 lakh.
Capital adequacy ratio of the bank stands at 25.03 %. Cash to deposit ratio is 67.78 %.
