Chimmek Laghubitta Bikas Bank Limited (CBBL) has posted a net profit rise of 34.36 percent in the third quarter of the fiscal year 2073/74.
As per the unaudited financial report for the third quarter published today, the microfinance company has stated that it has accumulated net profit of Rs 44.37 crore in the Q3 up from Rs 33.02 crore in the corresponding period of previous fiscal year report.
Its net interest income increased to Rs 93.72 crore in Q3 from Rs 75.42 crore in the corresponding quarter previous year. The company has borrowings of Rs 4 arba while it has mobilized loans and advances of Rs 12.18 arba in Q3. The borrowings and loan amount stood at Rs 3.81 arba and Rs 9.28 arba respectively in the previous year corresponding quarter.
Chimmek Laghubitta has a paid up capital of Rs 83.40 crore and reserve of Rs 82.20 crore.
CBBL has managed to reduce its non performing loan (NPL) from 0.08% in previous quarter to 0.24% in Q3. Its Earnings per Share (annualized) remains at Rs 70.94 and net worth per share stands at Rs 198.55.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
834,071 |
595,748 |
40.00% |
| Reserve and Surplus |
822,016 |
796,385 |
3.22% |
| Borrowings |
4,000,707 |
3,810,079 |
5.00% |
| Deposits |
8,143,602 |
6,078,841 |
33.97% |
| Loans and Advances |
12,184,631 |
9,286,859 |
31.20% |
| Net Interest Income |
937,231 |
754,216 |
24.27% |
| Provision |
32,348 |
39,692 |
-18.50% |
| Write Back |
6,040 |
14,180 |
-57.40% |
| Operating Profit |
691,267 |
513,764 |
34.55% |
| Net Profit |
443,741 |
330,259 |
34.36% |
| Capital Adequacy Ratio |
13.60% |
14.72% |
- |
| NPL |
0.08% |
0.24% |
-66.67% |
| Cost of Fund |
8.22% |
7.50% |
|
| CD Ratio (as per NRB) |
129.84% |
133.65% |
- |
| EPS (Annualized) |
70.94 |
73.91 |
-4.03% |
| PE Ratio |
23.61 |
|
|
| Networth Per Share |
198.55 |
|
|
