Deva Bikas Bank’s marks slight increase of proit to Rs 3.29 crores from Rs 3.23 crores

According to the unaudited financial report published by the National level development bank today, its net profit has reached to Rs 3.29 crore in first quarter, from Rs 3.23 crore in the corresponding quarter of the last fiscal year 2074/75. The operating profit increased to Rs 5.24 crore from Rs 5.08 crore as compared to the corresponding quarter of last fiscal year.

DBBL’s net interest income has risen to Rs 15.37 crore in the last quarter as compared to Rs 12.06 crore in the corresponding quarter. Its deposits collection reached Rs 15.84 arba in Q1 from only Rs 11.35 arba in the corresponding period last year.

Likewise, it has extended loans and advances of Rs 14.64 arba in Q1 whereas in the same period last year, the figure stood at Rs 10.16 arba.

Annualized Earning per share (EPS) of DBBL stands at Rs 5.21 and net worth per share is at Rs 120.28.

Its paid up capital and reserves remains at Rs 2.53 arba and Rs 51.38 crore respectively