Janata & NCC Bank Q1 earning surged by 62.24% & 23.67% in respectively

Janata Bank Nepal Limited (JBNL) has registered massive profit rise of 62.24 percent in the first quarter of the last fiscal year 2072/73. According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 13.79 crore in first quarter up from Rs. 8.50 crore in the corresponding quarter of the last fiscal year 2071/72. Janata Bank’s net interest income has risen to Rs 60.45 crore in Q1 as compared to Rs 53.71 crore in the corresponding quarter. It’s paid up capital remains at Rs 2.06 arba. The bank also amassed huge amount of deposits in the Q1 of the ongoing fiscal year. Deposits collection reached Rs 22.92 arba in Q1 from Rs 18.44 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 18.51 arba in Q1 whereas in the same period last year the figure stood at Rs 15.98 arba. Meanwhile its non-performing loan has also risen to 1.97percent in Q1 up from 1.02 percent in the previous year report. Its Earning per share (EPS) stand at Rs 6.69, net worth per share at 113.89, and the P/E ratio at 41 times. Nepal Credit and Commercial Bank Limited (NCCB) has registered profit modest rise of 23.67 percent in the first quarter of the current fiscal year 2072/73. Its net profit increased to Rs. 12.71 crore in Q1 up from Rs 10.27 crore in the corresponding quarter. Publishing the unaudited financial report for Q1 today, the commercial bank’s deposit collection reached Rs.25.62 arba from Rs.22.37 arba in Q1 last year. It floated loans of Rs.21.62 arba, rising from Rs.18.08 arba of the corresponding quarter of the previous fiscal year. The commercial bank’s net interest income reached to Rs.20.16 crore, increasing from Rs. 18.30 crore in Q1. NCC Bank’s paid up capital remains at Rs.2.02 arba and with reserve of Rs.1.16 arba. The commercial bank has an operating profit of Rs.13.37 crore. Its NPL dropped to 1.81 % from 2.70 % in the first quarter. NCC Bank’s EPS stands at Rs.18.96. Its net worth per share is Rs.157.42, and P/E ratio is at 23.26 times.