Deva Bikas Bank earns Rs 13.65 crore in Q4; EPS at Rs 15.50

Deva Bikas Bank Limited (DEVA) has earned net profit of Rs13.65 crore in the fourth quarter of the fiscal year 2072/73. The net profit of the development bank dwindled by 14.38%.The figure stood at Rs 15.95 crore in the corresponding quarter of the previous fiscal year 2071/72. Publicizing the unaudited financial report today it stated that the development bank’s  net interest income increased to Rs 34.27 crore in Q4 of FY 2072/73 from Rs 21.61 crore of the previous year corresponding quarter. DEVA has a paid up capital of Rs 88.10 crore with Rs 25.89 crore in reserve. The development bank has collected Rs 7.47 arba in deposits and extended loan of Rs 6.09 arba in Q4.The deposits and loan amount stood at Rs .6.70 arba and Rs 5.07 arba respectively in previous year corresponding quarter. Its NPL has decreased to 3.99% in Q4 from 4.77 % in the corresponding quarter of the previous fiscal year. Annualized earning per share (EPS) of the development bank stands at Rs 15.50, net worth per share stands at Rs 129.39 with P/E ratio 20.71 times.