Kumari Bank Limited (KBL) has reported 2.19% slight decline in its net profit in the fourth quarter (Q4) of the last fiscal year 2073/74.
According to the unaudited financial report published by the commercial bank today, its net profit has dropped to Rs 70.03 crore in fourth quarter, up from Rs 71.60 crore in the corresponding quarter of the last fiscal year 2072/73. The operating profit also increased to Rs 80.16 in Q4 from Rs 75.49 crore as compared to the corresponding quarter of last fiscal year.
However , KBL’s net interest income has risen to Rs 1.29 arba in the fourth quarter as compared to Rs 1.17 arba in the corresponding quarter last year. Likewise, Its deposits collection surged by 17.98% to Rs 60.93 arba in Q4 from Rs 51.65 arba in the corresponding period last year.
Its earnings per share (EPS) was Rs 21.92 last year in the same quarter while after increment in its paid up capital, its EPS has now shrunk to Rs 11.73 only in Q4. Its net worth per share stand at Rs 135.39 per share and P/E ratio is at 27.92 times.
Up to the end of Q4, it has extended loans and advances of Rs 45.19 arba whereas in the same period last year, the figure stood at Rs 30.11 arba. Likewise, the bank has collected Rs 52.07 arba in deposits in Q4 from Rs 37.90 in the corresponding quarter.
Its non-performing loan has increased to 1.86% compared to 1.15% in corresponding quarter.
Its paid up capital now stands at Rs 5.96 arba. KBL managed to tremendous increase its reserve by 175.20% in Q4.
Kumari Bank had acquired and started integrated transaction with Kasthamandap Development Bank Limited (KDBL), Mahakali Bikas Bank Limited (MBBL), Kankrebihar Bikas Bank Limited (KKBL) and Pashchimanchal Finance Company Limited (PFC). The swap ratio of all was 100 : 85.
KBL had also issued 50% right and 21% bonus share approved from its 16
th AGM,
As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba by the end of FY 2073/74, KBL will need to issue a further capital hike of around Rs 2.04 arba (around 33%). The bank had already endorsed issuance of 20% right share in its last AGM.
Meanwhile, Nepal Bank Limited (NBL) has posted outstanding progress in the fourth quarter (Q4) of last fiscal year 2073/74.
As per the unaudited financial report, its net profit has surged by 11.67% as compared to last year’s report. Its net profit now stands at a whopping Rs 3.21 arba. Its operating income has also increased by 64.84% to Rs 3.20 arba.
Its net interest income surged from Rs. 4.60 arba in the previous year to Rs. 5.83 arba in previous year report.
Nepal Bank has a paid up capital of Rs 8.04 arba. Its reserve has surges by massive 1310.44% to Rs 3.51 arba in Q4.
As of Q4, Nepal Bank’s deposit base stands at a staggering Rs 93.94 arba. Out of this, it has floated loans of Rs 74.37 arba. With 17.07% increase in floated loans, it has been able to increase its net interest income by 26.68% to Rs 5.83 arba . Its CCD ratio stands at 70.79%.
The bank’s non-performing loan (NPL) increased to 3.17 percent in Q4 from 3.11 percent in the corresponding quarter. Its CD ratio stands 73.54 percent in Q4.
NBL’s earning per share (EPS) stand at Rs 40.03, net worth per share is at Rs.143.65, price earnings ratio (P/E) at 9.09 times.
Recently, Nepal Bank had issued 100:23.74 (23.74%) right shares to its existing shareholders.
Major Highlights:
|
Kumari Bank |
Nepal Bank Limited |
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
5,969,496 |
3,265,992 |
82.78 |
8,042,662 |
6,465,002 |
24.40 |
| Reserve and Surplus |
2,112,466 |
767,602 |
175.20 |
3,510,758 |
248,913 |
1,310.44 |
| Deposits |
52,071,282 |
37,950,525 |
37.21 |
93,944,014 |
89,410,019 |
5.07 |
| Loans and Advances |
45,197,171 |
30,111,445 |
50.10 |
74,372,887 |
63,527,264 |
17.07 |
|
|
|
|
|
|
|
| Net Interest Income |
1,297,165 |
1,175,433 |
10.36 |
5,833,902 |
4,605,072 |
26.68 |
| Provision |
212,985 |
178,028 |
19.64 |
520,265 |
509,002 |
2.21 |
| Write Back |
282,578 |
432,019 |
(34.59) |
251,357 |
711,203 |
(64.66) |
| Operating Profit |
801,687 |
754,908 |
6.20 |
3,209,880 |
1,947,215 |
64.84 |
| Net Profit |
700,374 |
716,065 |
(2.19) |
3,219,560 |
2,882,978 |
11.67 |
| Capital Adequacy Ratio (%) |
16.15 |
11.69 |
38.15 |
15.61 |
10.20 |
53.04 |
| NPL (%) |
1.86 |
1.15 |
61.74 |
3.17 |
3.11 |
1.93 |
| Cost of Funds (%) |
5.93 |
4.41 |
34.47 |
1.97 |
1.98 |
(0.51) |
| CD Ratio (as per NRB) (%) |
78.00 |
75.02 |
3.97 |
70.79 |
66.16 |
7.00 |
| Base rate |
11.31 |
7.15 |
58.18 |
6.29 |
6.13 |
2.61 |
| EPS (Annualized) |
11.73 |
21.92 |
(46.49) |
40.03 |
44.59 |
(10.23) |
| Networth Per Share |
135.39 |
123.50 |
9.62 |
143.65 |
103.85 |
38.33 |
| P/E Ratio |
27.92 |
- |
|
9.09 |
- |
|
