Deva Bikas Bank Limited (DBBL) has shown outstanding progress in the fourth quarter of the FY 2073/74.
As per the unaudited financial report, its net profit has surged by 111.99% as compared to last year’s report. Its net profit now stands at Rs 28.94 crore. Likewise, Its operating income has also increased by 143.43% to Rs 41.85 crore.
This increase in profit has propelled its Earnings Per Share (EPS) by 29.26% to Rs 20.03 per share at the end of Q4.
As of Q4, Deva Bikas Bank’s deposit base stands at Rs 10.41 arba. Out of this, it has floated loans of Rs 9.57 arba. With 57.52% increase in floated loans, it has been able to increase its net interest income by 61.88% to Rs 55.48. Its CCD ratio stands at 77.77%.
Its non-performing loan decreased to 1.24% in Q4 from 3.99% last year.
Its paid up capital now stands at Rs 1.44 arba with net worth of Rs 132.97 per share. The bank's reserve and surplus rises by 83.98% to Rs 47.64 crore in Q4 from Rs 25.89 crore in the corresponding quarter.
Recently, DBBL has signed an agreement to acquire Sarlahi-based Sahara Bikas Bank Limited (SHBL). With this acquisition, Deva Bikas Bank is now acquiring a total of 3 BFIs. Deva Bikas Bank is also under process for acquiring
Union Finance and
Sajha Bikas Bank. After acquiring Union and Sajha, its paid up capital will reach around Rs 1.72 arba. Deva Bikas Bank, as a national-level development bank, should increase its paid up capital to Rs 2.50 arba by the end of FY 2073/74.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
1,444,984 |
881,088 |
64.00 |
| Reserve and Surplus |
476,407 |
258,949 |
83.98 |
| Deposits |
10,413,242 |
7,478,477 |
39.24 |
| Loans and Advances |
9,576,621 |
6,095,105 |
57.12 |
| Net Interest Income |
554,804 |
342,723 |
61.88 |
| Provision |
- |
25,415 |
(100.00) |
| Write Back |
12,212 |
- |
#DIV/0! |
| Operating Profit |
418,524 |
171,931 |
143.43 |
| Net Profit |
289,484 |
136,556 |
111.99 |
| Capital Adequacy Ratio (%) |
16.56 |
15.46 |
7.12 |
| NPL (%) |
1.24 |
3.99 |
(68.92) |
| Base Rate (%) |
11.64 |
7.65 |
52.16 |
| CD Ratio (as per NRB) )%) |
77.77 |
70.88 |
9.72 |
| EPS (Annualized) |
20.03 |
15.50 |
29.26 |
| Networth Per Share |
132.97 |
129.39 |
2.77 |
| P/E Ratio |
12.93 |
|
|
Meanwhile,
Karnali Development Bank Limited (KRBL) has posted decline in net profit of 7.13 percent in the fourth quarter of the last fiscal year.
Publishing the unaudited financial report today, the development bank stated that its net profit declined to 1.31 crores in Q4 of fiscal year 2073/74, down from Rs 1.41 crore in the corresponding period of the previous fiscal year 2072/73.
Its net interest income has risen from Rs 5.92 crore in corresponding quarter to Rs 7.09 crore in Q4 of last quarter. KRBL’s paid up capital remains at Rs. crore
The bank has collected Rs 2 arba in the fourth quarter up from Rs 1.83 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 1.03 in Q4 whereas in the same period last year the figure stood at Rs 83.49 crores.
Its non-performing loan (NPL) has decreased from 3.11% in the corresponding quarter previous year to 2.27% in the fourth quarter of the last fiscal year 073/74.
Karnali Development Bank has paid up capital stand at Rs 15.10 crore in Q4. The bank reserve and surplus increased by 203.03 percent. The reserve and surplus has risen to Rs. 8.51 crore in fourth quarter from Rs 2.80 crore in the corresponding quarter.
Karnali SGM had endorsed right share in the ratio 1:2.25 (225%) to its shareholders in order to maintain paid up capital requirement as directed by Nepal Rastra Bank.
KRBL’s EPS has declined to Rs. 8.71 in Q4 from Rs 12.75 in the previous year. Its Net worth Per share is at Rs. 156.36 and P/E ratio at 39.40 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
151,000 |
111,000 |
36.04 |
| Reserve and Surplus |
85,101 |
28,083 |
203.03 |
| Deposits |
2,001,814 |
1,830,493 |
9.36 |
| Loans and Advances |
1,039,222 |
834,952 |
24.46 |
| Net Interest Income |
70,915 |
59,274 |
19.64 |
| Provision |
2,432 |
- |
#DIV/0! |
| Write Back |
- |
927 |
(100.00) |
| Operating Profit |
20,658 |
21,317 |
(3.09) |
| Net Profit |
13,146 |
14,155 |
(7.13) |
| Capital Adequacy Ratio (%) |
16.24 |
12.66 |
28.28 |
| NPL (%) |
2.27 |
3.11 |
(27.01) |
| CD Ratio (as per NRB) )%) |
49.70 |
46.95 |
5.86 |
| EPS (Annualized) |
8.71 |
12.75 |
(31.73) |
| Networth Per Share |
156.36 |
125.30 |
24.79 |
| P/E Ratio |
39.40 |
|
|
