Mega Bank, NCC & Bank of Kathmandu Lumbini earns Rs 14.69 cr, 12.90 cr & Rs 27.09 cr in Q1 respectively

Mega Bank Nepal Limited (MEGA) has posted a net profit rise of 74.21 percent in the first quarter (Q1) of the current fiscal year 2073/74. As per the unaudited quarterly report for the first quarter today, the commercial bank has registered a net profit of Rs. 14.69 crore in the first quarter of the current fiscal year 2073/74, up from Rs. 8.43 crore in the corresponding quarter of fiscal year 2072/73. Mega Bank has a paid up capital of Rs. 3.24 arba and reserve of Rs.1.11 arba at present. Mega has collected Rs.36.77 arba in deposits and has extended Rs 31.81 arba in loans in the fourth quarter of 2073/74 as compared to Rs. 21.26 arba in deposits and Rs.18.44 arba in loans in the corresponding quarter of fiscal year 2072/73. The bank’s non-performing loan decline to 1.08 percent in Q1 from 1.60 percent in corresponding quarter Its CD ratio stands at 79.14 percent. Its annualized earning per share (EPS) stand at Rs 17.80, net worth per share is at Rs.134.31 and price earnings ratio (P/E) at 28.38 times. Similarly, Nepal Credit and Commerce Bank Limited (NCCB) has earned a net profit of Rs.12.90 crore in the first quarter of the fiscal year 2073/74 compared to Rs 12.71 crore in the corresponding quarter of the previous fiscal year. Publishing the unaudited financial report for Q1 today, the commercial bank’s deposit collection reached Rs.30.63 arba from Rs.25.62 arba in Q1 last year. It floated loans of Rs.25.34 arba, rising from Rs.21.62 arba of the corresponding quarter of the previous fiscal year. The commercial bank’s net interest income reached to Rs.24.24 crore, increasing from Rs. 20.16 crore in Q1. NCC Bank’s paid up capital remains at Rs.2.35 arba and with reserve of Rs.1.53 arba. Its NPL dropped to 0.96 % from 1.81% in the first quarter of the current fiscal year. NCC Bank’s EPS stands at Rs.21.69. Its net worth per share is Rs.165.15, and P/E ratio is at 16.71 times. Likewise, Bank of Kathmandu Lumbini Limited (BOKL) has posted a net profit of Rs 27.09 crore for the first quarter of the fiscal year 2073/74. The net profit increased by 60.57 % as compared to the corresponding quarter of the previous fiscal year. As per the unaudited financial report for the first quarter, the commercial bank has mobilized deposits of Rs 69.32 arba in Q1 increasing from Rs 40.16 arba in the corresponding quarter last year. It has extended loans of Rs 61.47 arba, increasing from Rs 34.18 arba Bank of Kathmandu’s net interest income increased to Rs 62.50 crore from Rs 34.73 crore in the first quarter of 2073/74. BOKL’s paid up capital remains at Rs4.57 arba with reserve and surplus of Rs 4.20 arba. The commercial bank’s NPL has decreased to 1.12% from 3.57% as compared to the corresponding quarter of last fiscal year. BOKL’s annualized EPS  now stands at Rs 23.68 , net worth per share at Rs 191.90, and P/E ratio (annualized) at 32.26 times.