Lumbini Bank posts 42.28% rise in net profit; thanks to net interest income of Rs 67.59 crore
Mon, Aug 10, 2015 12:00 AM on Others,
ShareSansar August 10:
Lumbini Bank Ltd (LUBL) has posted a profit growth of 42.28 percent in the last fiscal year 2071/72.
According to the fourth quarterly report of the bank published today, the net profit of the bank soared to Rs 34.61 crore, up from Rs 24.32 crore in the corresponding period of the previous fiscal year 2070/71.
Net interest income of the bank reached Rs 67.59 crore, an increment of Rs 14.38 crore from the income of corresponding previous year quarter ending.
The bank wrote back Rs 8.87 crore from the amount that it had set aside earlier for the possible losses.
The bank mobilized Rs 20.28 arba on deposit and extended Rs 17.23 arba on loan compared to Rs 17.25 arba of deposit and Rs 14.24 of loan in the previous year.
The bank provisioned Rs 11.22 crore for the possible loss during the same period.
Non-performing loan (NPL) of the bank stood at 0.71 percent in the quarter ending.
Its annualized EPS is Rs 17.30, P/E ratio 19.77 times and net worth per share Rs 144.51.
The net interest spread (difference in borrowing and lending rate) of the bank was 3.95 percent.
Its paid up capital is at Rs 2 arba and Reserve at Rs 89.04 crore.
| Rs. In "000" | |||
| 4th Qtr. FY 2071/72 | 4th Qtr. FY 2070/71 | Growth (%) | |
| Paid-up Capital (Rs.) | 2,000,833.00 | 1,887,535.00 | 6.00% |
| Reserve (Rs.) | 890,493.00 | 727,661.00 | 22.38% |
| Deposits (Rs.) | 20,282,130.00 | 17,252,359.00 | 17.56% |
| Loans and Adv. (Rs.) | 17,239,902.00 | 14,247,139.00 | 21.01% |
| Net Interest Income (Rs.) | 675,922.00 | 532,089.00 | 27.03% |
| Provision for Possible Losses (Rs.) | 112,244.00 | 161,675.00 | - |
| Operating Profit (Rs.) | 413,234.00 | 220,653.00 | 87.28% |
| Write Back (Rs.) | 88,791.00 | 150,341.00 | - |
| Net Profit (Rs.) | 346,101.00 | 243,252.00 | 42.28% |
| Capital Adequacy Ratio (%) | 14.75 | 16.63 | -11.30% |
| Non-Performing Loan (%) | 0.71 | 0.88 | - |
| Cost of Funds (as per NRB) (%) | 5.33 | 6.19 | - |
| Base Rate (%) | 8.09 | 8.08 | - |
| Interest Spread (%) | 3.95 | 4.37 | - |
| Earning Per Share (Rs.) | 17.30 | - | - |
| P/E Ratio (Times) | 19.77 | - | - |
| Net Worth per Share (Rs.) | 144.51 | - | |
Click Here for Announcement:
