Deva Bikas Bank Limited (DBBL) has registered a massive rise of 255.26% in its net profit in the third quarter (Q3) of the current fiscal year 2073/74.
According to the unaudited financial report published by the development bank today, its net profit has surged to Rs 19.90 crore in third quarter, up from Rs 5.60 crore in the corresponding quarter of the last fiscal year 2072/73. The operating profit increased to Rs 31.40 crore from Rs 8.72 crore as compared to the corresponding quarter of last fiscal year.
DBBL’s net interest income has risen to Rs 39.70 crore in the third quarter as compared to Rs 22.33 crore in the corresponding quarter. Its deposits collection reached Rs 9.81 arba in Q3 from only Rs 7.31 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 8.77 arba in Q3 whereas in the same period last year, the figure stood at Rs 6.49 arba.
Its non-performing loan has also declined to 1.39 percent in Q3 from 4.96 percent in the previous year’s report.
Annualized Earning per share (EPS) of DBBL stands at Rs 19.19 and net worth per share is at Rs 125.26.
Its paid up capital and reserves remains at Rs 1.38 arba and Rs 34.94 crore respectively. DBBL has signed an agreement to acquire Sajha Bikas Bank Limited and Union Finance Company Limited.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
1,383,223 |
818,095 |
69.08% |
| Reserve and Surplus |
349,423 |
260,489 |
34.14% |
| Deposits |
9,818,396 |
7,313,887 |
34.24% |
| Loans and Advances |
8,777,349 |
6,490,273 |
35.24% |
| Net Interest Income |
397,053 |
223,368 |
77.76% |
| Provision |
(6,945) |
40,623 |
- |
| Write Back |
- |
- |
- |
| Operating Profit |
314,022 |
87,249 |
259.91% |
| Net Profit |
199,058 |
56,031 |
255.26% |
| Capital Adequacy Ratio |
15.93% |
13.97% |
- |
| NPL |
1.39% |
4.96% |
-71.98% |
| Base Rate |
10.39% |
8.73% |
- |
| Cost of Fund |
6.85% |
4.89% |
|
| CD Ratio (as per NRB) |
76.17% |
77.55% |
- |
| EPS (Annualized) |
19.19 |
9.13 |
110.12% |
| PE Ratio |
14.07 |
|
|
| Networth Per Share |
125.26 |
|
|
