Gandaki Bikas Bank Limited (GDBL) and Lumbini Bikas Bank Limited (LBBL) have published their second quarter report for the ongoing fiscal year 2074/75.
Gandaki Bikas Bank has registered 12.65% hike in net profit in the second quarter of the current fiscal year 2074/75. Its net profit has surged to Rs 20.45 crore in second quarter hike from Rs 18.15 crore in the corresponding quarter of the fiscal year 2073/74.
According to the unaudited financial report published by the development bank today, it’s net interest income has risen to Rs 45.37 crore in Q2 as compared to Rs 34.78 crore in the corresponding quarter.
It’s paid up capital remains at Rs 1.84 arba with Rs 1.13 arba in its reserve. Here, after issuing 25% right shares, its paid-up capital will reach Rs 2.30 arba. As per NRB’s directive for national-level development banks, GDBL should increase its paid-up capital to Rs 2.50 arba. Thus it should further hike its capital by Rs 20 crore (around 8.69%).
Deposits collection reached Rs 19.92 arba in Q2 and floated loans of Rs 17.56 arba.
Its non-performing loan has risen to 0.88 percent in Q2 up from 0.84 percent in the previous year report.
Its annualized earning per share (EPS) stand at Rs 22.18, Net worth per share at 161.73 and P/E ratio at 10.46 times.
Major Highlights:
| Particulars (In Rs '000) |
GDBL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
1,843,926 |
1,199,970 |
53.66% |
| Reserve & Surplus |
1,138,204 |
465,550 |
144.49% |
| Deposits |
19,924,727 |
12,590,188 |
58.26% |
| Borrowings |
- |
- |
#DIV/0! |
| Loans & Advances |
17,561,359 |
11,136,673 |
57.69% |
| Net Interest Income |
453,772 |
347,882 |
30.44% |
| Provision for possible losses |
40,804 |
20,672 |
97.39% |
| Operating Profit |
311,402 |
280,647 |
10.96% |
| Net Profit |
204,508 |
181,548 |
12.65% |
| NPL (%) |
0.88 |
0.84 |
4.76% |
| Annualized EPS (In Rs.) |
22.18 |
30.26 |
-26.69% |
| Net Worth per Share (In Rs.) |
161.73 |
138.80 |
16.52% |
| P/E Ratio (In times) |
10.46 |
- |
- |
Announcement:
Lumbini Bikas Bank Limited (LBBL) has also stated 27.99 % rise in net profit in the second quarter of the current fiscal year 2074/75. Its net profit has surged to Rs 14.37 crore in second quarter hike from Rs 11.23 crore in the corresponding quarter of the fiscal year 2073/74.
According to the unaudited financial report published by the development bank today,
its net interest income has risen to Rs 32.49 crore in Q2 as compared to Rs 29.22 crore in the corresponding quarter.
It’s paid up capital remains at Rs 2.01 arba with Rs 1.01 arba in reserve. Moreover, after adjustment of 10% right shares, it will reach to Rs 2.21 arba. To meet the capital requirement of Rs 2.50 arba, it should further hike its capital by Rs 29 crore (around 13%).
Deposits collection reached Rs 19.18 arba in Q2 and floated loans of Rs 17.25 arba.
Its non-performing loan has risen to 2.5 percent in Q2 up from 2.17 percent in the previous year report.
Its annualized earning per share (EPS) stands at Rs 14.32, Net worth per share at Rs 150.30 and P/E ratio at 11.7 times.
Major Highlights:
| Particulars (In Rs '000) |
LBBL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
2,008,878 |
1,815,004 |
10.68% |
| Reserve & Surplus |
1,010,439 |
109,920 |
819.25% |
| Deposits |
19,187,106 |
15,390,372 |
24.67% |
| Borrowings |
353,955 |
- |
#DIV/0! |
| Loans & Advances |
17,253,943 |
13,216,498 |
30.55% |
| Net Interest Income |
324,950 |
292,284 |
11.18% |
| Provision for possible losses |
46,559 |
48,027 |
-3.06% |
| Operating Profit |
124,256 |
115,921 |
7.19% |
| Net Profit |
143,798 |
112,353 |
27.99% |
| NPL (%) |
2.5 |
2.17 |
15.21% |
| Annualized EPS (In Rs.) |
14.32 |
12.38 |
15.64% |
| Net Worth per Share (In Rs.) |
150.30 |
106.06 |
41.72% |
| P/E Ratio (In times) |
11.7 |
14.94 |
-21.69% |
Announcement:
