Ekata Bikas Bank registers massive profit growth of 80.06% in Q1; NPL mere 0.21%

Ekata Bikas Bank Limited (EKBL) has reported a profit rise of 80.06 percent in the first quarter of the current fiscal year 2072/73. As per the unaudited quarterly report published today, the development bank has stated that its net profit rose to Rs 1.28 crore in the first quarter (Q1), up from Rs 71.60 lakhs in the corresponding quarter of the previous fiscal year 2071/72. The bank’s net interest income increased to Rs 2.68 crore in Q1, from Rs 1.75 crore in the corresponding quarter of the previous fiscal year. Ekata Bikas Bank paid up capital remains at Rs 20 crore in Q1 of FY 72/73. The development bank has collected Rs 2.42 arba in deposit and extended Rs 1.87 arba in loan and advances as compared to Rs 1.50 arba in deposits and Rs 1.33 in loan in the corresponding quarter previous year. EKBL non-performing loan (NPL) stands at 0.21 % and CD ratio at 69.59 % in Q1. Its EPS stands at Rs 25.79 and net worth per share at Rs 134.78.