Matribhumi Bikas Bank earns Rs 87.29 lakh in Q4; NPL drops to 0.21%

Matribhumi Bikas Bank Limited (MTBL) has reported a profit rise of 33.09 % in the fourth quarter of the last fiscal year 2072/73. According to the unaudited quarterly report for the fourth quarter today, the development bank has stated that it earned net profit of Rs 87.29 lakh in the fourth quarter, up from Rs 65.58 lakh in the corresponding quarter of the fiscal year 2071/72. In the fourth quarter, the bank’s net interest income has risen to Rs 2.06 crore, up from Rs 1.68 crore in the corresponding quarter. The development bank mobilized Rs 47.45 crore in deposits and extended Rs 31.06 crore inQ4. The deposit and loan amount was Rs 39.01 crore and Rs 25.68 crore respectively in the corresponding quarter of the previous fiscal year. It has paid up capital of Rs 5.56 crore and reserve of Rs 1.40 crore. The development bank’s non-performing loan decreased to 0.21% from 1.08% in the Q4 of 2072/73. Its CD ratio stands at 57.74%. Its EPS (annualized) now stands at Rs 15.68; P/E ratio at 17.02 times and its net worth per share is priced at Rs 125.31.