Mega Bank & Lumbini Bank profit surges by 41.16% & 6.70% respectively
Fri, Feb 12, 2016 12:54 PM on Latest, Financial Analysis, Featured,
Mega Bank Nepal Limited (MEGA) has posted a net profit Rs.22.35 crore in the second quarter of the fiscal year 2072/73.The commercial bank’s net profit increased by 41.16% in Q2 as compared to the corresponding quarter of the previous fiscal year.
As per the unaudited financial report for the Q2 published today, the commercial bank has collected deposits of Rs.23.52 arba increasing from Rs.19.85 arba in the previous fiscal year. It floated loans of Rs 20.46 arba, up from Rs. 17.54 arba in the corresponding quarter of the fiscal year 2071/72.
The commercial bank’s net interest income stood at Rs. 43.26 crore in Q2.The figure was Rs.41.88 crore in the corresponding quarter of the previous fiscal year.
Mega bank has a paid up capital of Rs. 2.87 arba with reserve and surplus of Rs. 42.78 crore. It has an operating profit of Rs. 25.28 crore.
The commercial bank’s NPL decreased to 1.11% from 1.78% in Q2 last year.
MEGA’s annualized EPS now stands at Rs 7.79., net worth per share at Rs.114.90, and P/E ratio at 25.30 times.
Lumbini Bank Limited (LUBL) has reported a slight net profit growth of 6.70% in the second quarter of the fiscal year 2072/73.
The commercial bank has posted a net profit of Rs.18.14 crore in Q2 up from Rs 17 crore in the corresponding quarter of the previous fiscal year.
Publishing the unaudited financial report for the first quarter today, Lumbini bank has collected deposits of Rs. 20.84 arba compared to Rs. 17.53 arba in the corresponding quarter of the previous fiscal year. It mobilized loans of Rs. 18.48 arba in, up from Rs. 15.65 arba in the corresponding quarter last fiscal year 2071/72.
The commercial bank earned a minimal net interest income of Rs. 35.39 crore in Q2.This figure was Rs. 33.84 crore in the corresponding quarter previous fiscal year.
Lumbini Bank’s paid up capital remains at Rs.2 arba and reserve and surplus stands at Rs.1.07 crore. It has an operating profit of Rs 21.17crore.
The commercial bank’s NPL increased to 0.91% from 0.77%.
LUBL’s EPS now stands at Rs.18.14, net worth per share at Rs.153.53, and P/E ratio at 22.11 times.
As per the unaudited financial report for the Q2 published today, the commercial bank has collected deposits of Rs.23.52 arba increasing from Rs.19.85 arba in the previous fiscal year. It floated loans of Rs 20.46 arba, up from Rs. 17.54 arba in the corresponding quarter of the fiscal year 2071/72.
The commercial bank’s net interest income stood at Rs. 43.26 crore in Q2.The figure was Rs.41.88 crore in the corresponding quarter of the previous fiscal year.
Mega bank has a paid up capital of Rs. 2.87 arba with reserve and surplus of Rs. 42.78 crore. It has an operating profit of Rs. 25.28 crore.
The commercial bank’s NPL decreased to 1.11% from 1.78% in Q2 last year.
MEGA’s annualized EPS now stands at Rs 7.79., net worth per share at Rs.114.90, and P/E ratio at 25.30 times.
Lumbini Bank Limited (LUBL) has reported a slight net profit growth of 6.70% in the second quarter of the fiscal year 2072/73.
The commercial bank has posted a net profit of Rs.18.14 crore in Q2 up from Rs 17 crore in the corresponding quarter of the previous fiscal year.
Publishing the unaudited financial report for the first quarter today, Lumbini bank has collected deposits of Rs. 20.84 arba compared to Rs. 17.53 arba in the corresponding quarter of the previous fiscal year. It mobilized loans of Rs. 18.48 arba in, up from Rs. 15.65 arba in the corresponding quarter last fiscal year 2071/72.
The commercial bank earned a minimal net interest income of Rs. 35.39 crore in Q2.This figure was Rs. 33.84 crore in the corresponding quarter previous fiscal year.
Lumbini Bank’s paid up capital remains at Rs.2 arba and reserve and surplus stands at Rs.1.07 crore. It has an operating profit of Rs 21.17crore.
The commercial bank’s NPL increased to 0.91% from 0.77%.
LUBL’s EPS now stands at Rs.18.14, net worth per share at Rs.153.53, and P/E ratio at 22.11 times.
