Gandaki and Purnima Bikas Bank earns Rs.8.91 cr & Rs. 4.91 cr respectively in Q3

Gandaki Bikas Bank Limited (GDBL) has posted a profit rise of 19.21 percent for the third quarter of the fiscal year 2072/73. Publishing the unaudited quarterly report today, the development bank has stated that its net profit increased to Rs 8.91 crore in the third quarter, up from Rs 7.47 crore in the corresponding quarter of the previous fiscal year 2071/72. The development bank’s net interest income increased to Rs 17.87 crore from Rs 16.05 crore in the corresponding quarter of the previous fiscal year. GDBL’s paid up capital remains at Rs 53.85 crore and Rs 17.45 crore in reserve. The development bank collected Rs 5.23 arba in deposit and extended loan worth Rs 4.21 arba.The deposits and loans was Rs 4.10 arba and Rs 3.61 arba respectively in the corresponding quarter of the previous fiscal year. The NPL of the bank increased to 0.62% from 0.28% in Q3. It’s EPS stands at Rs 22.06, net worth per share at Rs .132.41 and PE ratio at 15.41 times. Meanwhile, Bhairahawa based Purnima  Bikas Bank Limited (PURBL)  net profit surged by 33.90 percent  in the third quarter of the fiscal year 2072/73. Publishing the unaudited financial report for third quarter today, the bank has stated that its net  profit  increased to Rs 4.19 crore in the Q3 from Rs 3.13 crore in the corresponding period of previous  fiscal year report. Its net interest income increased to Rs 8.27 crore from Rs 6.21 crore in Q3 of FY 2072/73. Purnima Bikas Bank’s paid up capital remains at Rs 20.17 crore. The bank has collected Rs 2.03 arba in deposits with flow of Rs 1.50 arba in loan. The figure of deposits and loans stood at Rs 1.65 arba and Rs 1.20 arba respectively in the previous year corresponding quarter. The bank’s NPL increased to 0.51% from 0.38%. Its Earnings per Share (annualized) stands at Rs 27.74, net worth per share stands at Rs 132.83 and P/E ratio is at 26.15 times.