Look at the major highlights from the first quarter reports of three development banks: Green, Tinau Mission and Sahayogi Bikas Bank Limited

Green Development Bank Limited (GRDBL) has published Q1 report of the fiscal year 2076/77.

The bank has reported a net profit of Rs.39.90 Lakhs in Q1 2076/77. The net profit of the company has decreased from Rs.40.88 Lakh in the Q1 2075/76.

The development bank has collected deposits of Rs.1.13 Arba and has floated loans of Rs.1.10 Arba in the Q1 2076/77. Deposits of the company have increased by 4.80%; whereas, the Loans & advances increased by 2.31%, compared to the corresponding quarter of last fiscal year.

The net interest income of the company has grown by 48.72%, from Rs.1.46 Crore to Rs.2.14 Crore in Q1 2076/77.

The development bank's' Paid-Up capital stands at Rs.50 Crore with reserved and surplus of Rs.3.42 Crore. The bank's NPL has increased from 3.95% to 4.04% in Q1. The EPS stand at Rs.2.39.

Tinau Mission Development Bank (TMDBL) has registered a net profit rise in the first quarter (Q1) of FY 2076/77. Tinau Dev. Bank recently merged with Mission Development Bank.

As per the unaudited report for the first quarter published today, the bank’s net profit has increased to Rs.3.91 Crore, which was Rs.80.08 Lakhs reported in the same quarter of the fiscal year 2075/76.

The bank has collected Rs.10.67 Arba in deposits and disbursed Rs.8.78 Arba in loans till Q4. Its Non-performing loan increased to 0.81% from corresponding quarter’s 0.27%. The company has Rs.1.14 Arba as the paid up capital with Rs.37.04 Crore in its reserves and surplus.

The annualized EPS of the development bank stands at Rs.13.67 and the Net worth of the company stands at Rs.132.38.

Sahayogi Vikas Bank Limited (SBBLJ) has posted a rise of 2.11% in its profit in the first quarter of the fiscal year 2076/77.

According to the unaudited financial report published by the development bank, its net profit stands at Rs.2.19 Crore in first quarter, up from Rs.2.14 Crore in the corresponding quarter of the last fiscal year 2075/76.

SBBLJ's net interest income has increased to Rs.6.23 Crore from Rs.6.17 Crore last year in the corresponding period. Its deposit collection has reached Rs.4.85 Arba in Q1. Likewise, it has extended loans and advances of Rs.4 Arba in Q1 whereas in the same period last year the figure stood at Rs.3.42 Arba.

The paid up capital of the development bank stands at Rs.50.96 Crore with reserves and surplus of Rs.27.86 Crore. Its non-performing loan has fallen to 1.15% in Q1 from 1.23% in the previous year report.

Annualized Earnings per share (EPS) of SBBLJ stands at Rs.17.21 and net worth per share at Rs.154.68 as of the end of first quarter. The bank posted a PE Ratio of 11.45 times.

The company is in acquisition process by Citizens Bank International Limited.