Bagmati Dev. Bank reports 51.95 % net profit rise in Q4; Infrastructure Dev. Bank earns Rs 10.86  cr

ShareSansar, August 5;

Bagmati Development Bank Limited (BGDBL) has reported a profit rise of 51.95 percent in 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 net profit of Rs 1.05 crore in the Q4, up from Rs 69.37 lakh in the corresponding quarter of the previous year 2070/71.

In the fourth quarter, Bagmati net interest income has risen to Rs 2.55 crore, up from Rs 1.77 crore in the corresponding quarter. The paid up capital of the company remains at Rs 5 crore in the last Q4

It also mobilized Rs 55.70 crore in deposit and Rs 39.27 crore in loan in Q4 of FY 2071/72 as compared to Rs 38.96 crore in deposit and Rs 29.23 crore in loan in the corresponding quarter last FY 2070/71.

The development bank’s non-performing loan is nil. Its CD ratio stands at 63.49%.

Its EPS now stands at Rs 21.08 and its net worth per share is priced at Rs 126.64.

Bagmati Develoment Bank was founded on Chaitra 10, 2065 by a group of eminent businessmen from Kathmandu and Local persons of Sarlahi District. The Bank has 4 branches in Nepal at Sarlahi District.  These branches are controlled through Head Office.

Click Here For The Announcement of Bagmati Development Bank Limited

Infrastructure Development Bank Limited

Meanwhile, Infrastructure Development Bank Limited (INDBL) has posted Rs 10.86 crore net profit in the quarterly report published today for the last fiscal year 2071/72.

As per the unaudited financial report published today, In comparison to the corresponding quarter of previous fiscal year, the net profit decreased from 14.71 crore to Rs 10.86 crore in the fourth quarter of the last fiscal year 2071/72.

The development bank accumulated deposits of Rs 5.24 arba and loan & advances extended to Rs 3.99 arba in the fourth quarter of last Q4.  In the corresponding quarter of previous  fiscal year the deposit and loan was Rs 3.78 arba and Rs 3.21  crore respectively.

The paid up capital of the company remains at Rs 82.75 crore in the last Q4.The net interest income has risen to Rs 23.43 crore in the last Q4 from Rs 18.27 crore in comparison to the corresponding quarter of the previous fiscal year.

The NPL of the bank stands at 2.77 percent in the fourth quarter of the last fiscal year.

IDBL earning per share (EPS) stand at Rs 13.13 per share and net worth is at Rs 124.78.

Its last traded price in NEPSE stood Rs 205 as of 4th August, 2015.

Infrastructure Development Bank was established in the year 2061 as a regional level development bank and now become a national level development bank after merger with Swastik Merchant Finance Co. Ltd.

Click Here For The Announcement of Infrastructure Development Bank Limited