Kasthamandap Development Bank (KDBL) has registered an operating profit growth of 151.48%, but a drop in net profit of 35.29% in the second quarter of the current FY 2073/74.
According to the unaudited financial report published by the development bank today, its net profit has decreased to Rs. 10.17 crore in second quarter, down from Rs. 15.72 crore in the corresponding quarter of the previous fiscal year.
KDBL’s net interest income has risen to Rs 17.93 crore in Q2 as compared to Rs. 12.22 crore in the corresponding quarter of the last fiscal year.
As of Q2, it has a paid up capital of Rs 67.98 crore with a reserve of Rs 37.95 crore.
The development bank also collected deposits of Rs.7.83 arba in Q2, up from Rs 5.85 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 6.33 arba in Q2 whereas in the same period last year, the figure stood at Rs. 4.58 arba.
KDBL’s annualized Earnings per Share (EPS) has decreased by 35.29% to Rs 29.92 per share. It had distributed 23% stock dividend for the year 2072/73, and issued 25% right share. The trading of this bank is currently halt as it is being acquired by Kumari Bank Limited.
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
679,897.00 |
679,897.00 |
0.00% |
| Reserve and Surplus |
379,565.00 |
144,263.00 |
163.11% |
| Deposits |
7,831,954.00 |
5,853,930.00 |
33.79% |
| Loans and Advances |
6,339,128.00 |
4,589,523.00 |
38.12% |
| Net Interest Income |
179,395.00 |
122,269.00 |
46.72% |
| Provision |
35,579.00 |
33,442.00 |
- |
| Write Back |
63,944.00 |
189,108.00 |
- |
| Operating Profit |
89,599.00 |
35,628.00 |
151.48% |
| Net Profit |
101,729.00 |
157,206.00 |
-35.29% |
| Capital Adequacy Ratio |
14.29% |
13.56% |
- |
| NPL |
0.90% |
3.00% |
-70.00% |
| Base Rate |
8.41% |
8.88% |
- |
| Cost of Fund |
5.32% |
5.09% |
|
| CD Ratio (as per NRB) |
72.53% |
72.37% |
- |
| EPS (Annualized) |
29.92 |
46.24 |
-35.29% |
| Networth Per Share |
124.37 |
|
|
