Bhargav Bikas Bank's net profit rises by 68% reaching Rs 6.69 crore in Q4 of 2075/76; EPS and net worth per share stands at Rs 13.34 and Rs 120.52 respectively

Bhargav Bikas Bank Limited (BHBL) has registered 68.91% increase in net profit in the fourth quarter of the fiscal year 2075/76. Its net profit has increased to Rs 6.69 crore in fourth quarter from Rs 3.96 crore in the corresponding quarter of the fiscal year 2074/75.

According to the unaudited financial report published by the development bank, its net interest income has risen to Rs 16.89 crore in Q4 as compared to Rs 10.93 crore in the corresponding quarter.

The bank’s deposits collection reached Rs 3.73 arba in Q4 and it floated loans of Rs 3 arba.

Its non-performing loan has increased to 0.51% in Q4 of 2075/76, which was 0.16% in Q4 of previous year.

It’s paid up capital remains at Rs 50.16 crore with Rs 10.29 crore in its reserve.

Its annualized earning per share (EPS) stand at Rs 13.34 and Net worth per share at Rs 120.52. Shine Resunga development Bank Limited has acquired BHBL at 100 : 95 swap ratio.

Q4 report