Deva Bikas Bank Limited (DBBL) has posted an outstanding profit growth of 149.03 percent for the second quarter of the fiscal year 2073/74.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs 14.03 crore in the second quarter up from Rs. 5.63 crore in the corresponding quarter of the previous fiscal year 2072/73.
Deva Bikas Bank’s net interest income has also increased to Rs. 26.02 crore in Q2, up from Rs. 15.36 crore in the corresponding quarter of the previous fiscal year.
The bank amassed huge amount of deposits in the Q2 of the ongoing fiscal year. Deposits collection reached Rs 9.07 arba in Q2 from Rs 6.80 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 8.03 arba in Q2 whereas in the same period last year the figure stood at Rs 5.39 arba.
Its non-performing loan has decreased to 1.70 percent in Q2 from 4.79 percent last year.
Deva Bikas Bank annualized earning per share (EPS) stand at Rs 27.95, net worth per share at Rs 142.62, and the P/E ratio at 7.37 times.
Its paid up capital remains at Rs 1 arba and has reserve of Rs 42.80 crore. It had announced 14% bonus share and is floating 50% right share to its shareholders from Magh 9, 2073. As a national level development bank, it has to hike its paid up capital to Rs 2.50 arba by the end of the FY 2073/74. After the capitalization of these issues, its paid up capital will reach Rs 1.44 arba, and it will be short by around 73.6%.
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
1,004,440.00 |
818,095.00 |
22.78% |
| Reserve and Surplus |
428,054.00 |
260,829.00 |
64.11% |
| Deposits |
9,071,979.00 |
6,803,901.00 |
33.33% |
| Loans and Advances |
8,038,950.00 |
5,398,891.00 |
48.90% |
| Net Interest Income |
260,292.00 |
153,652.00 |
69.40% |
| Provision |
10,857.00 |
2,706.00 |
- |
| Write Back |
- |
- |
- |
| Operating Profit |
219,932.00 |
88,119.00 |
149.59% |
| Net Profit |
140,379.00 |
56,371.00 |
149.03% |
| Capital Adequacy Ratio |
13.94% |
15.92% |
- |
| NPL |
1.70% |
4.79% |
- |
| Base Rate |
8.52% |
7.84% |
- |
| CD Ratio (as per NRB) |
76.73% |
73.81% |
- |
| EPS (Annualized) |
27.95 |
13.78 |
102.83% |
| PE Ratio |
7.37 |
|
|
| Networth Per Share |
142.62 |
|
|
