Jyoti Bikas Bank Limited (JBBL) has reported massive 72.31% rise in net profit for the fourth quarter of the last fiscal year 2073/74.
Publishing the unaudited financial report today, the development bank has stated that its net profit rose to Rs 26.18 crore in Q4 of fiscal year 2073/74, up from Rs 15.19 crore in the corresponding period of the previous fiscal year 2072/73.
JBBL’s reserve and surplus has increased by staggering 266.64 % to Rs.46.14 crore in Q4 in the fiscal year 2073/74 from Rs 12.58 crore in corresponding quarter last year.
Its net interest income has risen from Rs 50.95 crore in the corresponding quarter previous year to Rs 33.17 crore in the current quarter Q4 this fiscal year. Jyoti Bikas Bank’s paid up capital has increased from Rs 1.03 arba in the corresponding period of the previous fiscal year to 2.12 arba in the fourth quarter of FY 2073/74.
The bank has collected Rs 10.51 arba in the fourth quarter up from Rs 7.67 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 9.13 arba in Q4 whereas in the same period last year the figure stood at Rs 6 arba.
Its non-performing loan (NPL) has risen to 0.74 percent in Q4 this FY. While, previously NPL stood at 1.39 percent in the previous year report.
JBBL’s earning per share (EPS) has decline to Rs 12.30 from Rs 14.73 in corresponding quarter. The bank’s net worth per share stands at Rs 121.67.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
2,129,053 |
1,031,523 |
106.40 |
| Reserve and Surplus |
461,414 |
125,851 |
266.64 |
| Deposits |
10,516,017 |
7,677,185 |
36.98 |
| Loans and Advances |
9,138,221 |
6,009,533 |
52.06 |
| Net Interest Income |
509,510 |
331,744 |
53.59 |
| Provision |
43,673 |
43,609 |
0.15 |
| Write Back |
60,910 |
35,473 |
71.71 |
| Operating Profit |
317,005 |
177,073 |
79.03 |
| Net Profit |
261,820 |
151,948 |
72.31 |
| Capital Adequacy Ratio (%) |
24.66 |
16.79 |
46.87 |
| NPL (%) |
0.74 |
1.39 |
(46.76) |
| Base Rate (%) |
12.40 |
8.14 |
52.33 |
| Cost of Fund (%) |
7.82 |
5.00 |
56.40 |
| CD Ratio (as per NRB) (%) |
69.78 |
68.06 |
2.53 |
| EPS (Annualized) |
12.30 |
14.73 |
(16.52) |
| Networth Per Share |
121.67 |
112.20 |
8.44 |
| P/E Ratio |
16.83 |
10.27 |
|
Meanwhile, Rapti Bheri Bikas Bank Limited (RBBBL) has posted 8.80 percent decline in net profit of in the fourth quarter of the last fiscal year.
Publishing the unaudited financial report today, the bank has stated that its net profit declined to 1.47 crores in Q4 of fiscal year 2073/74, from Rs 1.61 crore in the corresponding period of the previous fiscal year 2072/73.
Its net interest income has risen from Rs 3.55 crore in corresponding quarter to Rs 4.76 crore in the current quarter. RBBL’s paid up capital remains at Rs. 15.7 crore
The bank has collected Rs 1.04 arba in the fourth quarter up from Rs 91.06 crore in the corresponding quarter. Likewise, it has extended loans and advances of Rs 85.97 crores in Q4 whereas in the same period last year the figure stood at Rs 78.45 crores.
Its non-performing loan (NPL) has risen from 0.10 percent in the corresponding quarter previous year to 1.02 percent in the fourth quarter of the last fiscal year 073/74..
The bank reserve and surplus increased by 143.40 percent to Rs 25 crore in Q4 from Rs 10.27 crore in the corresponding quarter.
RBBBL’s earning per share (EPS) stands at Rs. 9.38 and net worth per share is at Rs. 112.36.
Jyoti Bikas Bank and Raptibheri Bikas Bank have entered an acquisition deal. Trading of Raptibheri Bikas Bank Limited (RBBBBL) has been suspended from today in Nepal Stock Exchange Limited (NEPSE) for the acquisition process by Jyoti Bikas Bank.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
157,064 |
157,064 |
- |
| Reserve and Surplus |
25,007 |
10,274 |
143.40 |
| Deposits |
1,048,080 |
910,667 |
15.09 |
| Loans and Advances |
859,753 |
784,500 |
9.59 |
| Net Interest Income |
47,613 |
35,562 |
33.89 |
| Provision |
13,004 |
4,806 |
170.58 |
| Write Back |
4,134 |
1,884 |
119.43 |
| Operating Profit |
19,018 |
23,481 |
(19.01) |
| Net Profit |
14,733 |
16,155 |
(8.80) |
| Capital Adequacy Ratio (%) |
19.04 |
19.56 |
(2.66) |
| NPL (%) |
1.02 |
0.10 |
920.00 |
| Base Rate (%) |
- |
- |
#DIV/0! |
| Cost of Fund (%) |
9.55 |
7.80 |
22.44 |
| CD Ratio (as per NRB) )%) |
69.32 |
74.00 |
(6.32) |
| EPS (Annualized) |
9.38 |
- |
#DIV/0! |
| Networth Per Share |
112.36 |
- |
#DIV/0! |
| P/E Ratio |
38.91 |
0 |
#DIV/0! |
