Bank of Kathmandu posted significant growth in profit in Q2 of ongoing FY; deposit and loan stands Rs 89.20 and 76.89 arba respectively

Bank of Kathmandu Limited (BOKL) has reported a 19.83% growth in the net profit for the second quarter of the fiscal year 2076/77, as per the quarterly report published today.

The bank’s profit has increased from Rs.73.75 Crore in the second quarter of the fiscal year 2075/76 to Rs.88.38 Crore in the second quarter of the fiscal year 2076/77. In the second quarter of the FY 2076/77, the bank had Rs.59.82 Crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.

The bank’s deposit has growth rate of 7.8% to Rs.89.20 Arba and loans and advances have also increased by 9.1% to Rs.76.89 Arba in the second quarter.

The net interest income of the bank has increased by 9.2% to Rs.193.27 Crore from Rs.176.91 Crore of the corresponding quarter last FY.

The bank’s paid up capital stands at Rs.8.546 Arba with Rs.5.11 Arba as its reserve as of the end of Q2 of FY 2076/77. The Non-Performing Loan (NPL) has decreased to 1.54% from 2.08%.

In the second quarter, the annualized EPS of the bank stands at Rs.20.68. The net worth per share stands at Rs.159.85 and the quarter end PE ratio stands at 11.12 times. The base rate of BOKL stood 9.99% in Q2 from corresponding quarter of previous FY 10.60%.