Alpine Development Bank Limited has shown a growth of 122.03% in its net income.
As per the unaudited report for the second quarter published today, the bank’s net profit has risen to Rs. 3.21 crore in the second quarter of fiscal year 2073/74, up from Rs 1.44 crore reported in the same quarter of the fiscal year 2072/73.
In the second quarter, Alpine Development Bank net interest income has risen to Rs 6.33 crore, up from Rs 3.83 crore in the previous corresponding quarter.
The bank has collected Rs 1.85 arba in deposits and disbursed Rs 1.67 arba in loans in Q2 as compared to Rs 1.24 arba in deposits and Rs 1.01 arba in loans in the corresponding quarter last year.
The bank has provisioned Rs 43.74 lakhs for possible losses in Q2.
Alpine Development Bank has a paid up capital of Rs 26 crore with reserve of Rs 7.47 crores.
The development bank’s CD ratio stands at 76.65% and non-performing loan (NPL) has dropped to 1.68% from 4.19% in Q2.
Its Earning per Share (EPS) stands at Rs 24.73, net worth per share at Rs 128.75 and P/E ratio at 12.33 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
260,075.00 |
118,000.00 |
120.40% |
| Reserve and Surplus |
74,774.00 |
91,290.00 |
-18.09% |
| Deposits |
1,852,872.00 |
1,247,445.00 |
48.53% |
| Loans and Advances |
1,676,929.00 |
1,019,116.00 |
64.55% |
| Net Interest Income |
63,350.00 |
38,332.00 |
65.27% |
| Provision |
4,374.00 |
14,808.00 |
- |
| Write Back |
|
636.00 |
- |
| Operating Profit |
50,496.00 |
13,978.00 |
261.25% |
| Net Profit |
32,159.00 |
14,484.00 |
122.03% |
| Capital Adequacy Ratio |
19.33% |
17.25% |
- |
| NPL |
1.68% |
4.19% |
-59.90% |
| Base Rate |
7.35% |
- |
- |
| Cost of Fund |
|
- |
|
| CD Ratio (as per NRB) |
76.65% |
70.71% |
- |
| EPS (Annualized) |
24.73 |
13.84 |
78.69% |
| PE Ratio |
12.33 |
|
|
| Networth Per Share |
128.75 |
|
|
