Mission Development profit shoots up 241%, 3 other banks post growth

ShareSansar, Aug 6:

Mission Development Bank has announced a huge 241.14% rise in profit for the FY 2069/70. The company garnered Rs 1.14 crore in the FY, a massive growth over Rs 33.62 lakh earned in the last fiscal. The company’s deposits rose 50.87% to Rs 9.09 crore from Rs 6.03 crore in the previous year. The bank’s loans and advances increased 34% to Rs 64.03 crore.

Western Development Bank has posted 31.03% rise in net profit over last year. As per the company’s unaudited financial report, it made a profit of Rs 1.30 crore in the FY 2069/70 as against Rs 99.78 lakh in the last fiscal. The bank’s deposits grew by 24.89% to Rs 95.16 crore and loans and advances rose by 52.36% to Rs 64.28 crore. The bank’s EPS stands at Rs 17.81 and net worth at Rs 127.53.

Triveni Bikas Bank has also reported a healthy growth in profit. Net profit rose 67.18% compared to last year, taking the total earnings for FY 2069/70 to Rs 6.32 crore. The bank’s deposits increased 23.15% to Rs 2.88 arba and loans and advances rose 31.86% to Rs 2.33 arba. Triveni’s EPS stands at Rs 25.48 and net worth at Rs 135.

Pathibhara Bikas Bank has earned Rs 1.74 crore in net profit in FY 2069/70, a rise of 31.85% over last year’s earning. Deposits rose 30.25% to Rs 1.45 arba and loans and advances grew 27.72% to Rs 96.21 crore. Pathibhara’s EPS stands at Rs 17.46 and net worth at Rs 129.49.

Financial Highlights of the companies

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