Lumbini Bikas Bank reports a strong Q4 financials; earns Rs 55.73 crore with 71.80% growth

Tue, Aug 13, 2019 7:26 AM on Financial Analysis, Latest, Stock Market,
Lumbini Bi...

Lumbini Bikas Bank Limited (LBBL) has published an impressive fourth quarter report for FY 2075/76 as per NFRS with 71.80% growth in net profit.

LBBL’s profit has increased from Rs 32.44 crore in the fourth quarter of the fiscal year 2074/75 to Rs 55.73 crore in the fourth quarter of the fiscal year 2075/76.

The bank’s deposit from customers increased by 11.83% to Rs 24.80 arba and also loans and advances to customers rises by 24.55% to Rs 21.16 arba till the fourth quarter. The net interest income (core business income) of the development bank has increased by an outstanding 41.97% to Rs 1.13 arba from Rs 79.86 crore of the corresponding quarter.

In the same quarter, the bank has Rs 28.51 crore as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders.

Lumbini Bikas Bank announces its 11th AGM to be held on Shrawan 28; investors holding shares till Shrawan 21 are eligible to get 17.07% bonus shares

The bank’s paid up capital stands at Rs 2.20 arba with Rs 1.71 arba as its reserve and surplus. The Non-Performing Loan (NPL) of the bank stands at 1.57% which was 3.34% in corresponding quarter.

In the fourth quarter, the EPS of the development bank stands at Rs 25.22. The net worth per share stands at Rs 177.40 and PE ratio stands at 7.81 times.

Major Highlights:

Particulars (In Rs '000)

Lumbini Bikas Bank

Q4 2075/76

Q4 2074/75

Difference

Paid Up Capital

2,209,766

2,173,283

1.68%

Share Premium

14,273

13,758

 

Retained Earnings

485,719

178,189

172.59%

Reserves

1,210,477

993,044

21.90%

Deposits from Customers

24,806,233

22,182,553

11.83%

Loans & Advances to customers

21,165,994

16,994,573

24.55%

Net Interest Income

1,133,787

798,630

41.97%

Impairment Charge/(Reversal)

138,768

655

-

Personnel Expenses

356,761

293,779

21.44%

Operating Profit

842,673

505,564

66.68%

Profit/(Loss) for the Year

557,381

324,432

71.80%

Total Comprehensive Income

557,381

324,432

71.80%

Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments

285,109

-

-

Capital Adequacy Ratio (CAR)

16.56

17.18

-3.61%

NPL

1.57

3.34

-52.99%

CCD (as per NRB Directives)

77.61

72.63

6.86%

Cost of Fund (%)

8.64

9.46

-8.67%

Base Rate (%)

11.02

12.96

-14.97%

EPS (In Rs.)

25.22

14.93

68.97%

Net Worth per Share (In Rs.)

177.40

154.53

14.81%

Qtr End PE Ratio (times)

7.81

-

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