Hamro & Kanchan Dev Bank net profit elevated by 127.51 % & 21.97 % in Q2 respectively
Fri, Jan 29, 2016 9:00 AM on Latest, Financial Analysis, Featured,
Hamro Bikas Bank Limited (HAMRO) has registered massive profit rise of 127.51 percent in the second quarter of the fiscal year 2072/73.
According to the unaudited financial report published by the development bank today, its net profit mounted to Rs. 1.30 crore in the second quarter up from Rs. 57.42 lakh in the corresponding quarter of the previous fiscal year. Hamro Bikas Bank’s net interest income has risen to Rs.2.48 crore in the Q2 as compared to Rs. 1.37 crore in the corresponding quarter. It’s paid up capital remains at Rs.12.23 crore.
The development bank also collected amount of deposits equal to Rs 85.81 crore in Q2, up from Rs.6.43 crore in the corresponding period last year.
Likewise, it has extended loans and advances of Rs.67.16 crore in Q2 whereas in the same period last year the figure stood at Rs.48.35 crore.
Its non-performing loan declined to 0.83 percent in Q2 from 1.28 percent in the previous year report.
Hamro Bikas Bank’s annualized earning per share (EPS) stands at Rs.21.36 and Credit to Deposit ratio is 67.10percent.
Kanchan Development Bank Limited (KADBL) has posted a net profit rise by 21.97 percent for the second quarter of the fiscal year 2072/73. According to the unaudited financial report published by the development bank today, its net profit increased to Rs. 2.19 crore in the second quarter up from Rs. 1.79 crore in the corresponding quarter of the previous fiscal year. Kanchan Development Bank’s net interest income inched up to Rs.4.41crore in the Q2 as compared to Rs. 3.23 crore in the corresponding quarter.
It’s paid up capital remains at Rs.16.50 crore with reserve of Rs 4.30 crore.
The development bank has collected deposits of Rs 1.63 arba in Q2.The figure was Rs 1.19 arba in the previous fiscal year. It has disbursed loans and advances of Rs.1.33arba in Q2 whereas in the same period last year the figure stood at Rs.1.03 arba.
Its non-performing loan decreased to 1.11 percent from 1.99 percent in Q2.
Kanchan Development Bank’s annualized earning per share (EPS) stands at Rs.26.58, net worth per share at Rs 157.60 and CD ratio is 67.10percent.
