Business Dev. Bank reports 432.33 % net profit rise in Q4; Subhechha Dev. Bank earns Rs 3.46 cr
Thu, Aug 13, 2015 12:00 AM on Others,
ShareSansar, August 13;
Business Universal Development Bank Limited (BUDBL) has reported a profit rise of 432.33 percent in the fourth quarter of the last fiscal year 2071/72.
According to the unaudited fourth quarterly report published today, the development bank has stated that it has a net profit of Rs 16.11 crore in the Q4, up from Rs 3.02 crore in the corresponding quarter of the previous year 2070/71.
In the fourth quarter, Business net interest income has risen to Rs25.17 crore, up from Rs 24.34 crore in the corresponding quarter. The paid up capital of the company remains at Rs 93.46 crore in the Q4.
It also mobilized Rs 6.33 arba in deposit and Rs 5.50 arba in loan in Q4 of FY 2071/72 as compared to Rs 4.89 crore in deposit and Rs 4.12 arba in loan in the corresponding quarter last FY 2070/71.
The development bank’s non-performing loan has decreased to 2.12% in Q4 from 3.11% in the corresponding quarter. Its CD ratio stands at 72.97 %.
Its EPS now stands at Rs 17.24 and net worth per share at Rs129.
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Meanwhile, Subhechha Development Bank Limited (SUBBL) posted Rs 3.46 current profit in the quarterly report published today for the last fiscal year 2071/72.
As per the unaudited financial report published today, in comparison to the corresponding quarter of the previous fiscal year, the net profit decreased from Rs 3.87 crore to Rs 3.46 crore in the fourth quarter of the last fiscal year 2071/72.
The development bank accumulated deposits of Rs 1.77arba and extended Rs 1.29 arba in loan and advances in the fourth quarter of Q4. In the corresponding quarter of the previous fiscal year the deposit and loan was Rs 1.42 arba and Rs 1.04 arba respectively.
The paid up capital of the company remains at Rs 15.02 crore in the Q4.The net interest income has dropped to Rs 6.56 crore in the Q4 to Rs 6.61 in comparison to the corresponding quarter of the previous fiscal year.
The NPL of the bank decreased to 0.99% from 2.41%.
SUBBL earning per share (EPS) stand at Rs 23.03 and net worth per share is at Rs 142.32.
