Country Development Bank Limited (CNDBL) has posted a net profit increase of 153.50% in the second quarter of the fiscal year 2073/74.
As per the quarterly statement published by the development bank today, its net profit has increased to Rs 2.37 crore, up from Rs 93.77 lakh in the corresponding quarter of the last fiscal year. Its reserve has also increased by 40.97% to Rs 9.54 crore.
As of the end of Q2 of the FY 2073/74, its deposit base has reduced 16.68% to Rs 139.76 arba from Rs 1.67 arba in the last year. It has disbursed loans of Rs 139.82 crore, which is higher than the deposit as of this quarter.
CNDBL’s non-performing loan has increased to 2.69% from 1.57%. Its EPS stands at Rs 13.32 with net work of Rs 126.75 per share.
CNDBL had distributed 7.25% bonus shares for the FY 2072/73. It is under acquisition process by Prime Commercial Bank Limited, along with Biratlaxmi Bikas Bank.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
356,928.00 |
332,800.00 |
7.25% |
| Reserve and Surplus |
95,472.67 |
67,726.81 |
40.97% |
| Borrowings |
- |
- |
|
| Deposits |
1,397,632.79 |
1,677,379.56 |
-16.68% |
| Loans and Advances |
1,398,204.93 |
1,395,489.08 |
0.19% |
| Net Interest Income |
48,637.76 |
21,060.48 |
130.94% |
| Provision |
6,624.05 |
6,335.60 |
4.55% |
| Write Back |
8,967.12 |
9,783.17 |
-8.34% |
| Operating Profit |
28,336.81 |
5,033.15 |
463.00% |
| Net Profit |
23,771.61 |
9,377.26 |
153.50% |
| Capital Adequacy Ratio |
28.36% |
23.30% |
- |
| NPL |
2.69% |
1.57% |
71.34% |
| Cost of Fund |
6.54% |
6.14% |
|
| EPS (Annualized) |
13.32 |
5.64 |
136.37% |
| Networth Per Share |
126.75 |
|
|
