Triveni and Sewa Dev. Bank profit accelerates by 20.99% and 2.89% respectively
Thu, Aug 20, 2015 12:00 AM on Others,
ShareSansar, August 20:
Triveni Development Bank Limited (TBBL) has reported impressive rise of 20.99 % net profit for the fourth quarter of the last fiscal year 2071/72.
The fourth quarter report is the first integrated quarterly report of the development bank after merger with Bright Development Bank and Public Development Bank.
According to unaudited financial statement published today, its net profit has increased to Rs 11.19 crore in fourth quarter, up from Rs 9.25 crore in the corresponding quarter of the previous fiscal year 2070/71.
Triveni development bank has collected Rs 7.02 arba in Q4 from Rs 4.10 arba in the corresponding period last year. Likewise, the bank extended loans and advances of Rs5.64 arba in the Q4 whereas in the same period last year the figure stood at Rs3.08 arba.
The net interest income of the development bank reached Rs 33.78 crore in Q4 of FY 2071/72 up from Rs 18.68 crore in the previous FY 2070/72. Triveni has a paid up capital of Rs 74 crore.
Its non-performing loan (NPL) has increased to 2.74 % in Q4 from 1.03 % in the same quarter last year. The bank’s CD ratio stands at 70.78 %.
The development bank EPS stands at Rs 15.12 and net worth per share at Rs 127.23.
Similarly, Sewa Bikas Bank Limited (SEWA) has reported profit growth of 2.89 percent for the fourth quarter of the last fiscal year 2071/72.
According to the unaudited fourth quarterly report published today, the development bank has stated that it has a net profit of Rs 7.50 crore in the Q4, up from Rs 7.29 crore in the corresponding quarter of the previous year 2070/71.
In the fourth quarter, Sewa net interest income has risen to Rs 18.07 crore, up from Rs 15.27 crore in the corresponding quarter. The paid up capital of the company remains at Rs 36.06 crore.
It also mobilized Rs 3.89 arba in deposit and disbursed Rs 3.26 arba in loan in Q4 of FY 2071/72 as compared to Rs 3.07 arba in deposit and Rs 2.42arba in loan in the corresponding quarter last FY 2070/71.
The development bank’s non-performing loan has decline to 0.05 % in Q4 from 0.19 % in the corresponding quarter. Its CD ratio stands at 74.89 %.
Its EPS now stands at Rs20.80 and net worth per share at Rs 146.54.
