Kumari Bank profit accelerates by 41.23% in Q3; EPS at Rs 19.43; merger process with NCC & 4 other banks
Sun, May 15, 2016 10:48 AM on Latest, Financial Analysis, Featured, Stock Market,
Kumari Bank Limited (KUBL) has registered net profit growth by 41.23% in the third quarter of the fiscal year 2072/73.The commercial bank earned net profit of Rs 35.49 crore in the current fiscal year. The figure stood at Rs 25.13 crore in the corresponding quarter of the previous fiscal year.
Publishing the unaudited financial report for Q3 today, it stated that the commercial bank’s net interest income increased to Rs.75.04 crore in Q3 from Rs.67.06 crore in the corresponding quarter of the last fiscal year.
Kumari Bank’s paid up capital remains at Rs.2.69 arba and has a reserve of Rs.1 arba.
The commercial bank has collected deposits of Rs.34.82 arba from Rs.31.22 arba in Q3. It floated loans of Rs.28.69 arba, rising from Rs.26.69 arba of the corresponding quarter of the previous fiscal year.
The commercial bank has an operating profit of Rs.43.81 crore. It managed to write back Rs 15.70 crore in this quarter compared to Rs 8.70 crore in previous year corresponding quarter.
Its NPL dropped to 2.03% from 3.98 % in the third quarter.
Kumari Bank’s annualized EPS stands at Rs.19.43. (The company has showed a rolling average EPS of Rs.19.43). Its net worth per share is Rs.137.16.
Kumari Bank Limited (KBL), Nepal Credit and Commerce Bank Limited (NCCB), Infrastructure Development Bank Ltd (IDBL), International Development Bank Ltd (INDBL, Apex Development Bank Ltd (APEX)and Supreme Development Bank Ltd (SUPRME) are in the merger process.
The banks are planning to finish the merger process by Ashad end
Publishing the unaudited financial report for Q3 today, it stated that the commercial bank’s net interest income increased to Rs.75.04 crore in Q3 from Rs.67.06 crore in the corresponding quarter of the last fiscal year.
Kumari Bank’s paid up capital remains at Rs.2.69 arba and has a reserve of Rs.1 arba.
The commercial bank has collected deposits of Rs.34.82 arba from Rs.31.22 arba in Q3. It floated loans of Rs.28.69 arba, rising from Rs.26.69 arba of the corresponding quarter of the previous fiscal year.
The commercial bank has an operating profit of Rs.43.81 crore. It managed to write back Rs 15.70 crore in this quarter compared to Rs 8.70 crore in previous year corresponding quarter.
Its NPL dropped to 2.03% from 3.98 % in the third quarter.
Kumari Bank’s annualized EPS stands at Rs.19.43. (The company has showed a rolling average EPS of Rs.19.43). Its net worth per share is Rs.137.16.
Kumari Bank Limited (KBL), Nepal Credit and Commerce Bank Limited (NCCB), Infrastructure Development Bank Ltd (IDBL), International Development Bank Ltd (INDBL, Apex Development Bank Ltd (APEX)and Supreme Development Bank Ltd (SUPRME) are in the merger process.
The banks are planning to finish the merger process by Ashad end
