Bhrikutee Development Bank profit surges by 30.88 % in Q4

ShareSansar, July 31;

Bhrikutee Development Bank limited has reported a profit rise of 30.88% in the fourth quarter of the last fiscal year 2071/72.

According to the unaudited quarterly report published today, the development bank has stated that it has a net profit of Rs 15.42 crore in the Q4 of the last fiscal year 2071/72, up from Rs 11.78 crore in the corresponding quarter of the previous fiscal year 2070/71.

In the fourth quarter of the last fiscal year, Bhrikutee’s net interest income has risen to Rs 31.82 crore, up from Rs 24.24 crore in the corresponding quarter of the previous fiscal year 2070/71.

It also mobilized Rs 5 arba 93 crore in deposits and Rs 4 arba 84 crore in loans as compared to Rs 4 arba 98 crore in deposits and Rs 4 arba in loan in the corresponding quarter of previous fiscal year.

The bank’s non-performing loan (NPL) is at 0.03 percent.

 Its EPs (annualized) now stands at Rs 29.59 and net worth per share is priced at Rs 146.52.