Kumari Bank earns Rs. 21.01 crore in Q2; Reserve & Surplus surges by 59.07%
Tue, Feb 16, 2016 2:55 AM on Latest, Financial Analysis, Featured,
Kumari Bank Limited (KBL) has reported a meager profit growth of 15.69 percent in the 2nd quarter of the current fiscal year 2072/73. The commercial bank‘s net profit increased to Rs 21.01 crore in Q2 up from Rs. 18.16 crore compared to the corresponding quarter of the previous fiscal year.
Publishing the unaudited financial report for Q2 today, the commercial bank’s deposit collection reached to Rs.34.53 arba in the current quarter up from Rs.29.88 arba in last year. Likewise it has floated loans of Rs.27.50 arba, rising from Rs. 25.28 arba.
Kumari bank’s net interest income has risen to Rs.46.47 crore in Q2 from Rs.43.41 crore in last quarter. Its paid up capital remains at Rs.2.43 arba.
The bank reserve and surplus increased to Rs.1.13 arba in Q2 up from Rs 71.65 crore in last quarter, rises by 59.07 percent.
Its non-performing loan (NPL) dropped to 2.55 percent in this quarter from 3.84 percent in the corresponding quarter.
Kumari Bank’s annualized earning per share (EPS) stands at Rs 15.68. (The company has showed a rolling average EPS of Rs.15.68). Its net worth per share is at Rs.146.88 and P/E ratio at 24.56times.
Kumari Bank and Nepal Credit and Commerce Bank have signed a memorandum of understanding (MoU) to enter into a merger process.
Publishing the unaudited financial report for Q2 today, the commercial bank’s deposit collection reached to Rs.34.53 arba in the current quarter up from Rs.29.88 arba in last year. Likewise it has floated loans of Rs.27.50 arba, rising from Rs. 25.28 arba.
Kumari bank’s net interest income has risen to Rs.46.47 crore in Q2 from Rs.43.41 crore in last quarter. Its paid up capital remains at Rs.2.43 arba.
The bank reserve and surplus increased to Rs.1.13 arba in Q2 up from Rs 71.65 crore in last quarter, rises by 59.07 percent.
Its non-performing loan (NPL) dropped to 2.55 percent in this quarter from 3.84 percent in the corresponding quarter.
Kumari Bank’s annualized earning per share (EPS) stands at Rs 15.68. (The company has showed a rolling average EPS of Rs.15.68). Its net worth per share is at Rs.146.88 and P/E ratio at 24.56times.
Kumari Bank and Nepal Credit and Commerce Bank have signed a memorandum of understanding (MoU) to enter into a merger process.
