Kabeli & International Development Bank earns Rs 1.49 cr & Rs 5.60 cr respectively in Q3

Kabeli Bikas Bank Limited (KBBL) has posted a net profit growth of 48.68 % for the third quarter of the fiscal year 2072/73. The development bank earned net profit to Rs.1.49 crore in the current fiscal year as compared to Rs.1 crore of the corresponding quarter. Publishing  the unaudited financial report published today its net interest income has surged to Rs 3.25 crore at the end of third quarter up from Rs 2.44 crore from the corresponding quarter. Kabeli Bikas Bank paid up capital remains at Rs 5.31 crore with reserve of Rs 3.92 crore. The bank has collected Rs. 57.25 crore in deposits in Q3. The figure stood at Rs 47.96 crore in the previous year corresponding quarter. Loan and advances of bank increased to Rs 52.09 crore in Q3 up from Rs. 42.48 in the corresponding quarter of previous year. The bank’s non -performing loan increased to 1.96 % from 1.85 % by the end of third quarter. The annualized earning per share (EPS) and net worth per share of the bank stand at Rs.37.58 and Rs 174.65 respectively.  Its Price Earning Ratio remains at 15.51 times. International Development Bank  Limited (INDBL) has posted net profit of Rs 5 .60 crore in Q3 of the current fiscal year.The net profit of the development bank depreciated by 5.76% in this quarter. In the corresponding quarter of the previous fiscal year, the bank had earned Rs 5.94 crore. Publishing the unaudited financial report for the third quarter today, it stated that the bank has earned net interest income Rs 18.18 crore in Q3 up surging from Rs 16.98 crore in the corresponding quarter. The bank has mobilized Rs 5.40 arba in deposits and floated loan of Rs 4.63 arba in Q3. The deposits and loan was Rs 4.51 arba and Rs 3.99 arba respectively in the corresponding quarter of the previous fiscal year. INDBL has a paid up capital of Rs 77.08 crore and a reserve Rs 13.34 crore. The bank’s non- performing loan increased to 2.13% from 2.04%. Its EPS stands at Rs 9.69, net worth per share at Rs 117.31 and PE ratio stands at 21.16 times.