Garima Bikash Bank reports astounding profit rise by 46.92% in Q3; Subhechha Bikash Bank profit plunges by 20.57%
Thu, Apr 28, 2016 11:38 AM on Latest, Financial Analysis, Featured, Stock Market,
Pokhara based Garima Bikas Bank Limited (GBBL) has reported rise in net profit of 46.92% in the third quarter of the current fiscal year 2072/73.
According to unaudited financial statement published today, its net profit has increased to Rs 14.66 crore in third quarter, up from Rs 9.98 crore in the corresponding quarter of the previous fiscal year 2071/72.
Garima Bikas Bank also amassed huge amount of deposits in the Q3 of the ongoing fiscal year. Deposits collection reached Rs 7.84 arba from Rs 4.82 arba in the corresponding period last year.
The bank extended loans and advances of Rs 7.16 arba in the Q3 whereas in the same period last year the figure stood at Rs 4.39 arba.
The net interest income of the development bank reached Rs 31.08 crore in Q3 of FY 2072/73 up from Rs 21.14 crore in the previous FY 2071/72.
Garima Bikas Bank has a paid up capital of Rs 85.32 crore with reserve of Rs 27.26 crore.
Its non-performing loan (NPL) has risen to 0.62% in Q3 from 0.56% in the same quarter last year. The bank’s CD ratio stands at 80%.
The development bank earning per share (EPS) stands at Rs 22.92, net worth per share is at Rs 131.95, P/E ratio at 15.19 times.
Meanwhile, Narayangad based Subhechha Bikash Bank Limited (SUBBL) has reported decline in net profit of 20.57 percent in the third quarter of the fiscal year 2072/73.
According to unaudited financial report published today. Its net profit declined to Rs 1.35 crore in the third quarter of the fiscal year 2072/73 from Rs 1.70 crore of the corresponding quarter of the fiscal year 2071/72.
SUBBL has a paid up capital of Rs 22.73 crore with reserve of Rs 5.82 crore.
Its net interest income has risen to Rs 4.72 crore in this quarter up from Rs 4.46 crore in the previous quarter.
The development bank has collected of Rs 2.08 arba in Q3 from Rs 1.56 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 1.61 arba from Rs 1.24 arba in Q3.
Its non-performing loan (NPL) has dropped to 1.41% in Q3 from 2.48% in the same quarter last year. The bank’s CD ratio stands at 68.29%.
Annualized earning per share (EPS) of the bank stands at Rs 7.96, net worth per share is at Rs 125.62 and, P/E ratio at 40.83 times.
The trading of the Garima and Subhechha Bikash bank has been halted in the NEPSE due to merge process. Both the banks had signed a Memorandum of Understanding (MOU) for the merger process on Baisakh 8, 2073.
Garima Bikas Bank also amassed huge amount of deposits in the Q3 of the ongoing fiscal year. Deposits collection reached Rs 7.84 arba from Rs 4.82 arba in the corresponding period last year.
The bank extended loans and advances of Rs 7.16 arba in the Q3 whereas in the same period last year the figure stood at Rs 4.39 arba.
The net interest income of the development bank reached Rs 31.08 crore in Q3 of FY 2072/73 up from Rs 21.14 crore in the previous FY 2071/72.
Garima Bikas Bank has a paid up capital of Rs 85.32 crore with reserve of Rs 27.26 crore.
Its non-performing loan (NPL) has risen to 0.62% in Q3 from 0.56% in the same quarter last year. The bank’s CD ratio stands at 80%.
The development bank earning per share (EPS) stands at Rs 22.92, net worth per share is at Rs 131.95, P/E ratio at 15.19 times.
Meanwhile, Narayangad based Subhechha Bikash Bank Limited (SUBBL) has reported decline in net profit of 20.57 percent in the third quarter of the fiscal year 2072/73.
According to unaudited financial report published today. Its net profit declined to Rs 1.35 crore in the third quarter of the fiscal year 2072/73 from Rs 1.70 crore of the corresponding quarter of the fiscal year 2071/72.
SUBBL has a paid up capital of Rs 22.73 crore with reserve of Rs 5.82 crore.
Its net interest income has risen to Rs 4.72 crore in this quarter up from Rs 4.46 crore in the previous quarter.
The development bank has collected of Rs 2.08 arba in Q3 from Rs 1.56 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 1.61 arba from Rs 1.24 arba in Q3.
Its non-performing loan (NPL) has dropped to 1.41% in Q3 from 2.48% in the same quarter last year. The bank’s CD ratio stands at 68.29%.
Annualized earning per share (EPS) of the bank stands at Rs 7.96, net worth per share is at Rs 125.62 and, P/E ratio at 40.83 times.
The trading of the Garima and Subhechha Bikash bank has been halted in the NEPSE due to merge process. Both the banks had signed a Memorandum of Understanding (MOU) for the merger process on Baisakh 8, 2073.
