Manaslu Bikas Bank Limited (MSBBL) has registered a net profit growth of 87.54% in the second quarter of the current FY 2073/74.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs. 3.07 crore in second quarter, up from Rs. 1.63 crore in the corresponding quarter of the previous fiscal year.
MSBBL’s net interest income has risen to Rs 7.12 crore in Q2 as compared to Rs. 4.29 crore in the corresponding quarter of the last fiscal year.
As of Q2, it has a paid up capital of Rs 30.83 crore with a reserve of Rs 18.35 crore.
The bank also collected deposits of Rs 2.24 arba in Q2, up from Rs 1.56 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 1.93 arba in Q2 whereas in the same period last year, the figure stood at Rs. 1.33 arba.
Manaslu’s annualized Earnings per Share (EPS) has increased by 11.63% to Rs 19.92 per share. It had distributed 18% stock dividend for the year 2072/73, and issued 50% right share. Its trading is in halt in NEPSE as it is undergoing merger with Om Development Bank Limited.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
308,333.64 |
183,529.50 |
68.00% |
| Reserve and Surplus |
64,716.41 |
36,277.07 |
78.39% |
| Deposits |
2,245,123.85 |
1,567,448.26 |
43.23% |
| Loans and Advances |
1,930,057.30 |
1,333,563.29 |
44.73% |
| Net Interest Income |
71,213.61 |
42,935.03 |
65.86% |
| Provision |
3,747.51 |
2,413.11 |
- |
| Write Back |
114.35 |
- |
- |
| Operating Profit |
48,132.98 |
25,726.40 |
87.10% |
| Net Profit |
30,702.85 |
16,371.34 |
87.54% |
| Capital Adequacy Ratio |
17.72% |
13.95% |
- |
| Cost of Fund |
5.85% |
5.98% |
|
| CD Ratio (as per NRB) |
73.27% |
74.62% |
- |
| EPS (Annualized) |
19.92 |
17.84 |
11.63% |
| Networth Per Share |
120.99 |
|
|
