Garima Bikas Bank Limited (GBBL) has reported satisfactory rise of 77.46 percent net profit for the second quarter of the fiscal year 2073/74.
According to the unaudited financial statement published today, its net profit has increased to Rs 15.95 crore in second quarter of the FY 2073/74, up from Rs 8.99 crore in the corresponding quarter of the previous fiscal year 2072/73.
Garima Bikas Bank also collected huge amount of deposits in the Q2 of the ongoing fiscal year. Deposits collection reached Rs 13.37 arba in Q2 from Rs 7.25 arba in the corresponding quarter of previous fiscal year. Likewise, the bank extended loans and advances of Rs 11.70 arba in Q2 whereas in the same period last year the figure stood at Rs 6.32 arba.
The net interest income of the development bank reached Rs 34.34 crore in Q2 of FY 2073/74 up from Rs 19.34 crore in the same quarter of FY 2072/73.
Garima Bikas Bank has a paid up capital of Rs 1.08 arba with reserve of Rs 61.88 crore.
Its non-performing loan (NPL) has risen to 0.84% in Q2 from 0.29% in the same quarter last year.
The development bank’s annualized earnings per share (EPS) stands at Rs 29.53, net worth per share at Rs 157.28 and PE ratio at 13.14 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
1,080,511.51 |
853,200.00 |
26.64% |
| Reserve and Surplus |
618,895.48 |
215,870.00 |
186.70% |
| Deposits |
13,370,927.79 |
7,250,109.00 |
84.42% |
| Loans and Advances |
11,701,998.92 |
6,323,980.00 |
85.04% |
| Net Interest Income |
343,401.85 |
193,459.00 |
77.51% |
| Provision |
37,568.56 |
15,087.00 |
- |
| Write Back |
- |
- |
- |
| Operating Profit |
250,371.94 |
141,282.00 |
77.21% |
| Net Profit |
159,547.91 |
89,907.00 |
77.46% |
| Capital Adequacy Ratio |
16.80% |
14.90% |
- |
| NPL |
0.84% |
0.29% |
- |
| Cost of Fund |
5.59% |
5.12% |
- |
| Base Rate |
8.95% |
8.65% |
- |
| CD Ratio (as per NRB) |
77.73% |
76.07% |
- |
| EPS (Annualized) |
29.53 |
21.08 |
40.13% |
| PE Ratio |
13.14 |
|
- |
| Networth Per Share |
157.28 |
|
- |
