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 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.
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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