Massive profit rise of Gurkha Dev. Bank by 149.37% in Q2

Gurkha Development Bank Limited (GDBNL) has reported massive profit rise of 149.37 percent in the second quarter of the fiscal year 2072/73. Publishing the unaudited quarterly report for the second quarter today, the commercial bank has stated that it has a net profit of Rs. 33.15 crore in the second quarter of fiscal year 2072/73, up from Rs. 13.29 crore in the corresponding quarter of fiscal year 2071/72. Its net interest income increased to Rs. 10.83 crore in Q2 from Rs 2.39 crore in the corresponding quarter of the previous fiscal year. Gurkha Development Bank has a paid up capital of Rs. 19.82 crore with negative reserve of Rs 24.45 crore. It collected Rs. 40.98 crore in deposits and mobilized Rs. 63.27crore in loans in the second quarter of 2072/73 as compared to Rs. 1.29 arba in deposit and Rs. 1.18 arba in loans in the corresponding quarter of fiscal year 2071/72. The bank’s non-performing loan has dropped to 76.04 percent in Q2 from 87.47 percent in the previous year report. It’s earning per share (EPS) stand at Rs.167.24 and net worth per share at Rs 23.33.