Bhargav Bikas Bank Limited (BHBL) has reported increase in net profit of 75.23 percent in the second quarter of the current fiscal year 2073/74.
According to the unaudited financial report published by the development bank today, its net profit has risen to Rs 1.80 crore in second quarter from Rs 1.02 crore in the corresponding quarter of last fiscal year 2072/73.
Its net interest income increased to Rs. 3.73 crore in the second quarter from Rs. 2.48 crore in the corresponding quarter. Its paid up capital remains at Rs. 14.40 crore.
The bank collected deposits of Rs. 1.65 arba in Q2, up from Rs. 1.32 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs. 1.38 arba in Q2. In the same period last year, the figure stood at Rs. 92.80 crore.
Its non-performing loan slightly rose to 0.42 percent in Q2 from 0.30 percent in the previous year report.
Bhargav’s Earning Per Share (EPS) stands at Rs. 25.01 and its capital adequacy ratio is 11.98%.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
144,000.00 |
120,000.00 |
20.00% |
| Reserve and Surplus |
40,884.63 |
27,130.43 |
50.70% |
| Deposits |
1,655,460.69 |
1,327,348.11 |
24.72% |
| Loans and Advances |
1,387,564.47 |
928,078.82 |
49.51% |
| Net Interest Income |
37,383.38 |
24,800.05 |
50.74% |
| Provision |
2,929.67 |
2,230.30 |
- |
| Operating Profit |
28,240.73 |
16,150.16 |
74.86% |
| Net Profit |
18,008.84 |
10,277.37 |
75.23% |
| Capital Adequacy Ratio |
11.98% |
13.19% |
- |
| NPL |
0.42% |
0.30% |
- |
| Cost of Fund |
6.61% |
6.73% |
- |
| CD Ratio (as per NRB) |
75.42% |
63.55% |
- |
| EPS |
25.01 |
17.13 |
46.02% |
