Biratnagar based Biratlaxmi & Janakpur based Sahayogi Bikas Bank reports profit rise by 31.45% & 9.74% respectively in Q2

Biratlaxmi Bikas Bank limited has posted profit rise of 31.45% in the second quarter of the fiscal year 2072/73. Publicizing the unaudited quarterly report for the second quarter today, the development bank has posted a net profit of Rs 4.06 crore in the second quarter, up from Rs 3.09 crore in the corresponding quarter of the previous fiscal year 2072/73. In the second quarter Biratlaxmi net interest income has risen to Rs 9.55 crore, rising from Rs 8.45 crore in the corresponding quarter. It also mobilized Rs 4.62 arba in deposit and Rs 2.78 arba in loan as compared to Rs 3.99 arba in deposit and Rs 2.62 arba in loan in the corresponding quarter last year. The bank’s non-performing loan (NPL) has also dropped to 0.39 percent, down from 1.32 percent in the same period of the previous fiscal year. Its EPS (annualized) now stands at Rs 19.12 and its net worth per share is priced at Rs 128.08. It’s PE ratio is 16.73 times. Similarly, Sahayogi Vikas Bank limited has posted modest profit rise of 9.74% in the second quarter of the fiscal year 2072/73. The development bank has posted a net profit of Rs 1.66 crore in the second quarter, up from Rs 1.51 crore in the corresponding quarter of the previous fiscal year 2072/73. In the second quarter Sahayogi net interest income has decreased to Rs 4.54 crore from Rs 5.31 crore in the corresponding quarter. It has collected Rs 2.46 arba in deposit and mobilized Rs 1.78 arba in loan as compared to Rs 2.03 arba in deposit and Rs 1.62 arba in loan in the corresponding quarter last year. The bank’s Non-Performing Loan (NPL) has also dropped to 0.11 percent, down from 1.73 percent in the same period of the previous fiscal year. Its EPS (annualized) now stands at Rs 12.90 and its net worth per share is priced at Rs 128.99. It’s PE ratio is 14.64 times.