Biratlaxmi Bikas Bank Limited has posted a net profit of Rs 6.19 crore in the second quarter of the current fiscal year 2073/74. The net profit increased by 52.25 % in Q2. The figure stood at Rs 4.06 crore in the previous year corresponding quarter.
In the second quarter, Biratlaxmi’s net interest income has risen to Rs 14.80 crore, up from Rs 9.55 crore in the corresponding quarter.
It also mobilized Rs 4.89 arba in deposit and Rs 3.19 arba in loan as compared to Rs 4.62 arba in deposit and Rs 2.78 arba in loan in the corresponding quarter last year.
It has paid up capital of Rs 42.35 crore with reserve of Rs 23.80 crore.
The bank’s non-performing loan (NPL) stood at 1.14 percent, from 0.39 percent in the same period of the previous fiscal year.
Its EPS (annualized) now stands at Rs 29.11, its net worth per share is priced at Rs 155.96 and P/E ratio is at 14.19 times.
Biratlaxmi Bikas Bank is being acquired by Prime Commercial Bank along with Country Development Bank.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
425,358.00 |
425,358.00 |
0.00% |
| Reserve and Surplus |
238,039.00 |
119,425.00 |
99.32% |
| Deposits |
4,892,041.00 |
4,627,290.00 |
5.72% |
| Loans and Advances |
3,196,921.00 |
2,787,504.00 |
14.69% |
| Net Interest Income |
148,004.00 |
95,500.00 |
54.98% |
| Provision |
13,097.00 |
1,765.00 |
- |
| Write Back |
- |
- |
- |
| Operating Profit |
97,302.00 |
63,909.00 |
52.25% |
| Net Profit |
61,918.00 |
40,669.00 |
52.25% |
| Capital Adequacy Ratio |
15.87% |
14.43% |
- |
| NPL |
1.14% |
0.39% |
192.31% |
| Cost of Fund |
4.17% |
4.89% |
|
| CD Ratio (as per NRB) |
58.66% |
54.80% |
- |
| EPS (Annualized) |
29.11 |
19.12 |
52.25% |
| PE Ratio |
14.19 |
|
|
| Networth Per Share |
155.96 |
|
|
