Annualized EPS of Lumbini Bikas Bank at Rs 18.57 till Q2; Net profit of Rs 25.21 crore earned

Lumbini Bikas Bank Limited (LBBL) has published its second-quarter report for FY 2076/77 as per NFRS with 0.7% growth in net profit.

LBBL’s profit has increased from Rs 25.03 crore in the second quarter of the fiscal year 2075/76 to Rs 25.21 crore in the second quarter of the fiscal year 2076/77.

The bank’s deposit from customers increased to Rs 23.63 arba and also loans and advances to customers rises to Rs 23.10 arba till the second quarter. The net interest income (core business income) of the development bank has increased Rs 58.48 crore from Rs 50.16 crore of the corresponding quarter.

In the same quarter, the bank has Rs 17.32 crore as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders.

The bank’s paid-up capital stands at Rs 2.71 arba with Rs 1.19 arba as its reserve and surplus. The Non-Performing Loan (NPL) of the bank stands at 1.96% which was 2.31% in the corresponding quarter.

In the second quarter, the annualized EPS of the development bank stands at Rs 18.57. The net worth per share stands at Rs 150.65 and PE ratio stands at 9.91 times.

Second Quarter Report