Civic’s profit jumps 130% to Rs 97.68 lakh; IDBL posts 195% profit growth, NPA down by 6.64%

ShareSansar, August 6:
 
The net profit of Civic Development Bank has surged by 130 percent in the fourth quarter of the last fiscal year 2070/71.

According to the unaudited financial report of the bank which was published today, its net profit increased to Rs 97.68 lakh by the quarter end of the last fiscal year 2070/71 from Rs 42.53 lakh in the corresponding quarter of the previous fiscal year  2069/70.  

The net interest income of the bank jumped to Rs 2.5 crore in this quarter ending, up from Rs 1.6 crore in corresponding previous fiscal year quarter ending.

The total deposit mobilization of the bank in the fiscal year 2070/71 stands at Rs 4.05 arba while it has extended a total of Rs 3.21 arba on loan and advancement. The bank had mobilized Rs 2.55 arba in deposit and Rs 2.14 arba on loan in the corresponding period of the previous fiscal year.

The bank has provisioned Rs 10.56 lakh for possible loan loss in last fiscal year.

Civic’s EPS stands at Rs 24.42; its net worth per share is 127.25 while the P/E ratio is 10.85 times.

Likewise, Kathmandu-based Infrastructure Development Bank’s profit has also jumped 195 percent to Rs 14.13 crore in the last fiscal year, up from Rs 4.8 crore in the corresponding previous year quarter ending.

The unaudited financial report of the bank published today states that that its net interest income increased to Rs 18.28 crore in last fiscal year, up by Rs 4.24 crore comparing to the income figure of corresponding period of previous fiscal year.

The bank has written back provision for possible loan worth Rs 12.56 crore in the fourth quarter of the last fiscal year.

NPL of the bank has also come down significantly to 2.72 percent from 9.36 percent.

Its EPS (annualized) now stands at Rs 17.85, P/E ratio at 10.64 and net worth per share stands at Rs115.06.