Kailash profit grows 74%, NPL slightly up; Saptakoshi Dev Bank posts 624% profit rise

ShareSansar, August 7:

Kailash Bikas Bank Ltd (KBBL) has posted a profit rise of 74.4 percent in the fourth quarter of the last fiscal year 2070/71.

According to an unaudited financial report of the bank which was published today, its net profit jumped to Rs 26.61 crore by the quarter end, up from Rs 15.26 crore in the corresponding quarter of the previous fiscal year 2069/70.

The bank’s net interest income rose to Rs 86.82 in last fiscal year, up by Rs 6.68 crore by the previous year quarter end.

Non-performing loan (NPL) of the bank slightly went up to 2.59 percent from 2.29 percent in the previous fiscal year.
The bank mobilized Rs 7.6 arab in deposit and Rs 6.37 arab in loan as compared to the deposit of Rs 6.26 arab and Rs 5.38 in loan in the previous year.

KBBL’s EPS stands at 34.19, its net worth per share stands at Rs 155.96 while the P/E ratio stands at 12.99 times.
Meanwhile, Morang-based Saptakoshi Development Bank Ltd (SDBL) has posted a massive profit growth of 623.6 percent in the fourth quarter of the last fiscal year 2070/71.

The bank, which got the operating license by Nepal Rastra Bank on October 2012, earned Rs 28.24 lakh on net profit, up by Rs 24.34 lakh as compared to the previous year.