Malika & Subechha Bikas Bank reports net profit rise of 115.92% & 20.55% respectively

Malika Bikas Bank Limited (MDBL) has reported115.92 % rise in profit for the second quarter of the current fiscal year 2072/73. According to unaudited financial statement published today, its net profit has mounted to Rs 4.98 crore, up from Rs 2.30 crore in the corresponding quarter of the previous fiscal year. The bank has collected Rs 3.58 arba in deposits and its loan and advances stood at Rs 2.80 arba. The development bank’s net interest income is at Rs 8.90 crore. Its nonperforming loan has also minimized to 2.51% from 3.05% of the corresponding quarter last fiscal year and CD ratio stands at 70.19%. Its annualized EPS stands at Rs 41.11 and its net worth per share isat 172.53 and P/E ratio at 6.06 times. Subhechha Bikas Bank Limited (SUBBL)has posted a 20.55% rise in net profit for the second quarter of the current fiscal year 2072/73. Publishing the unaudited financial report for the second quarter, the development bank has stated that its net profit raised to Rs 1.05crore, up from Rs 83.47 lakh in the corresponding quarter of the last fiscal year 2071/72. The development bank has collected deposits of Rs 2.08 arba in the second quarter compared to Rs 1.51 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 1.43 arba, up from Rs 1.17 arba in the corresponding quarter last year. Subhechha’s net interest income has slightly risen from Rs 2.71 crore in the corresponding quarter last year to Rs 3.23 crore in the second quarter of 2072/73. It posted an operating profit of Rs 1.56 crore. The bank’s NPL has dropped from 2.72% in the corresponding quarter of the last fiscal to 1.09% this year. Its Earning per Share (annualized) now stands at Rs 13.39, net worth per share at Rs 147.63, and CD ratio at 62.08%.