Ekata Bikas Q3 profit surges 158.72%; Purnima Bikas earnings soar 38%

ShareSansar May 8:

Ekata Bikas Bank limited has reported a massive profit rise of 158.72 % in the third quarter of the current fiscal year 2071/72.

According to the unaudited quarterly report for the third quarter published today, the development bank has stated that it has raked in a net profit of Rs 3.22 crore up from Rs 1.24 crore in the corresponding quarter of the previous fiscal year 2070/71.

In the third quarter Ekata Bikas Bank net interest income has risen to Rs 6.64 crore, up from Rs 2.82 crore in the corresponding quarter.
It posted an operating profit of Rs 5.05 crore.

It also mobilized Rs 1.96 arba in deposit and extended Rs 1.62 arba in loan as compared to Rs 1.07 arba in deposit and Rs 85.88 crore in loan in the corresponding quarter last year.

The bank’s non-performing loan (NPL) has risen to 0.14 percent, from 0.08 percent in the corresponding period of the previous fiscal year.

Its EPS (annualized) now stands at Rs 21.52 and its net worth per share is priced at Rs 120.42. The CD ratio stands at 73.08 %.

Likewise, Purnima Bikas Bank Limited has posted a profit rise of 38 percent in the third quarter of fiscal year 2071/72.

According to unaudited financial statement published by the development bank, it has generated a net profit of Rs 3.13 crore in the third quarter, up from Rs 2.27 crore in the corresponding quarter of the previous fiscal year.

In the third quarter, Purnima Bikas net interest income has risen to Rs 6.21 crore, up from Rs 4.38crore in the corresponding quarter.

Its deposits stand at Rs 1.65 arba and loans and advances at Rs 1.20.arba at the end of the 3rd quarter.

The bank’s non-performing loan (NPL) has risen to 0.38 percent, from 0.35 percent in the corresponding period of the previous fiscal year.

Its EPS annualized now stands at Rs 30.70 and its net worth per share is priced at Rs 133.89. The CD ratio stands at 67.30%