Hamro Bikas Bank registers 14.76% decline in net profit; Sahayogi Vikas Bank’s EPS stands at Rs 10.12

Thu, Nov 1, 2018 2:02 PM on Latest, Stock Market,

Hamro Bikas Bank Limited (HAMRO) has earned net profit of Rs 85.79 lakh till the end of first quarter of the fiscal year 2075/76.

As per the quarterly unaudited financial statement released by the bank, its net profit has decreased by 14.76% as compared to the first quarter of last year. In this period, it has been able to increase its net interest income by to Rs 2.63 crore.

Its deposit base has reached Rs 1.72 arba, from Rs 1.32 arba last year. Likewise, it has floated loans worth Rs 1.76 arba till Q1 this year whereas in the last year, the figure stood at Rs 1.29 arba. It has been able to reduce its non-performing loans (NPL) to 0.32% from 0.44% posted in the same period last year.

Its paid up capital at the end of Q1 stands at Rs 49.22 crore with a reserve of Rs 10.15 crore.

Its annualized EPS now stands at Rs 6.07 and net worth per share at Rs 120.62.

The company is in acquisition process by Jyoti Bikas Bank Limited. 

Sahayogi Vikas Bank Limited (SBBLJ) has posted a rise in its profit in the first quarter of the fiscal year 2075/76.

According to the unaudited financial report published by the development bank today, its net profit stands at Rs 1.28 crore in first quarter, from net loss of Rs 1.01 crore in the corresponding quarter of the last fiscal year 2074/75. The operating profit has also increased to Rs 1.73 crore from net loss Rs 1.45 crore as compared to the corresponding quarter of last fiscal year.

SBBLJ has also increased its net interest income by 44.42% to Rs 4.62 crore. Its deposit collection has reached Rs 4.30 arba in Q1. Likewise, it has extended loans and advances of Rs 3.34 arba in Q1 whereas in the same period last year the figure stood at Rs 2.71 arba.

Its non-performing loan has declined to 1.23 percent in Q1 from 2.82 percent in the previous year report.

Earning per share (EPS) of SBBLJ stands at Rs 10.12, net worth per share at 146.43, and P/E ratio at 21.54 times.