Araniko Development net profit increased by 8.65%

ShareSansar, July 28;

Araniko Development Bank Limited (ARDBL)  has reported a profit rise of 8.65 % in the fourth quarter of the last fiscal year 2071/72.

According to the unaudited quarterly report for the fourth quarter today, the development bank has stated that it accumulated net profit of Rs 3.13 crore in the fourth quarter, up from Rs 2.88 crore in the corresponding quarter of the fiscal  year 2070/71.

In the fourth quarter, the bank’s net interest income has risen to Rs 16.27 crore, up from Rs 11.48 crore in the corresponding quarter.

It also mobilized Rs 1 arba 61 crore  in deposits and extended  Rs 1.26 arba in loans as compared to Rs 1 arba 2  crore in deposits and Rs 90 crore in loans reported in the corresponding quarter of fiscal year 2070/71  respectively.

The development bank had slight increase in its non-performing loan to 2.22 % in the Q4 of 2071/72 from 2.19 % in the corresponding quarter of fiscal year 2070/71. Its CD ratio stands at 66.50%.

Its EPS (annualized) now stands at Rs 13.40 and its net worth per share is priced at Rs 123.22.