Apex, Bagmati & Karnali Dev. Bank earns Rs10.40 crore, Rs 41.41 lakh, & Rs15.33 lakh respectively in Q3

Apex Development Bank Limited (APEX) has earned net profit of Rs 10.40 crore in the third quarter of the current fiscal year 2072/73. According to the unaudited quarterly report for the third quarter published today, the development bank has amassed a net profit of Rs 10.40 crore in the third quarter of fiscal year 2072/73 from the loss of Rs 2.50 crore in the corresponding quarter of the previous year 2071/72. Apex’s net interest income has risen to Rs 10.48 crore in Q3, up from Rs 2.59 crore in the corresponding quarter. The bank’s paid up capital remains at Rs 66.65 crore with negative reserve of Rs 3.52 crore in Q3. It has collected Rs 6.75 arba in deposits and disbursed Rs 5.62 arba in loans as compared to Rs 5.11 arba in deposits and Rs 4.22 arba in loans in the corresponding quarter last year. The development bank non-performing loan (NPL) has dropped to 2.86% in Q3 from 5.76% in the last year report. Its earning per share (EPS) stands at Rs 15.62 and net worth per share is at Rs 94.42.   Meanwhile, Bagmati Development Bank Limited (BGDBL) has reported a profit decline by 42.53 percent in the third quarter of the current fiscal year 2072/73. According to the unaudited third quarterly report published today, the development bank has stated that it has net profit of Rs 41.41 lakh in the Q3, down from Rs 72.06 lakh in the corresponding quarter of the previous year 2071/72. In the third quarter, Bagmati net interest income has dropped to Rs 1.63 crore, from Rs 1.74 crore in the corresponding quarter. The company has a paid up capital of Rs 5.75 crore with reserve of Rs 1.01 crore in Q3. It has collected Rs 56.29 crore in deposit and Rs 37.79 crore in loan in Q3 of FY 2072/73 as compared to Rs 44.66 crore in deposit and Rs 35.92 crore in loan in the corresponding quarter last FY 2071/72. The development bank’s non-performing loan (NPL) is nil. Its CD ratio stands at 60.41%. Its earning per share (EPS) now stands at Rs 8.28 ,its net worth per share is at Rs 135.01 and P/E ratio at 40.93 times.   Also, Karnali Development Bank Limited (KRBL) has reported 78.67 percent decline in profit for the third quarter of the current fiscal year 2072/73. According to unaudited financial statement published today, the bank has stated that its net profit has declined to Rs 15.33 lakhs from Rs 71.88 lakhs in the corresponding quarter of the previous fiscal year 2071/72. The bank has collected Rs 1.61 arba in deposits and disbursed loan and advances of  Rs 83.13 crore in Q3. The bank has paid up capital of Rs 10 crore with reserve of Rs 2 crore in Q3. Its nonperforming loan minimized to 4.43 percent in Q3 from 5.05 percent in the corresponding quarter. Its CD ratio stands at 48.90 percent. Its annualized EPS stands at Rs 1.53 and its net worth per share is at Rs 147.04.