Kabeli Bikas Bank’s EPS stand at Rs 30.91 in Q4; NPL rises to 1.48%

Kabeli Bikas Bank Limited (KEBL) has reported 10.98% increase in its net profit in the fourth quarter (Q4) of the last fiscal year 2073/74. According to the unaudited financial report published by the development bank today, its net profit has surged to Rs 2.60 crore in fourth quarter, up from Rs 2.34 crore in the corresponding quarter of the last fiscal year 2072/73. The operating profit also increased to Rs 3.77 crore in Q4 from Rs 3.41 crore as compared to the corresponding quarter of last fiscal year. However, Its earnings per share (EPS) stand at Rs 30.91 in Q4. Its net worth per share stand at 158.96 per share and P/E ratio is at 21.19 times. KEBL’s net interest income has risen to Rs  5.83 crore in the fourth quarter as compared to Rs 4.71 in the corresponding quarter last year. Its deposits collection increased to Rs 66.08 crore in Q4 from Rs 63.75crore in the corresponding period last year. Likewise, it has also been able to increase its loans by similar figures. Up to the end of Q4, it extended loans and advances of Rs 60.82 crore whereas in the same period last year, the figure stood at Rs 55.01 crore. Its non-performing loan has  increased in this period to 1.48% compared to 0.39% in corresponding quarter. Its paid up capital now stands at Rs 8.42 crore. KEBL managed to increase its reserve and surplus to Rs 4.98 crore in Q4 from Rs 3.94 crore in corresponding quarter. KEBL will be issuing 50% (3,50,880 units right shares ) to its existing shareholders from Bhadra 18, 2074. After the adjustment of the rights shares, the bank’s total paid-up capital will reach Rs 10.52 crore. Kabeli Bikas Bank had signed an agreement to acquire Mount Makalu Development Bank Limited (MMDBL). MMDBL 50% right share is also in the SEBON pipeline.