Miteri Development Bank Limited (MDB) has posted decrease in profit of 20.17 percent for the fiscal year 2074/75.
According to the unaudited financial report published by the bank today, its net profit has decreased to Rs 4.16 crore in the second quarter from Rs 5.22 crore in the corresponding quarter of the previous fiscal year 2073/74.
MDB’s net interest income has decreased to Rs 7.4 crore in Q2 from Rs 8.88 crore in the corresponding quarter of the previous fiscal year.
The bank collected Rs 3.04 arba in Q2 from Rs 2.38 arba in the corresponding period last year as deposits.
Likewise, it has extended loans and advances of Rs 2.66 arba in Q2 whereas in the same period last year the figure stood at Rs 2.45 arba.
Its non performing loan has decreased to 0.08 percent from 0.11 percent of last year.
Miteri development Bank’s annualized earning per share (EPS) stands at Rs 16.66, net worth per share at Rs 125.68 and the P/E ratio at Rs 13.66 times.
Its paid-up capital remains at Rs 50 crore and has reserve of Rs 12.84 crore.
| Particulars (In Rs '000) |
MDBL |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
500,000 |
374,319 |
33.58% |
| Reserve & Surplus |
128,422 |
125,661 |
2.20% |
| Deposits |
3,041,129 |
2,380,063 |
27.78% |
| Borrowings |
- |
- |
- |
| Loans & Advances |
2,660,531 |
2,446,898 |
8.73% |
| Net Interest Income |
74,063 |
88,836 |
-16.63% |
| Provision for possible losses |
5,262 |
2,991 |
75.93% |
| Operating Profit |
65,380 |
81,973 |
-20.24% |
| Net Profit |
41,660 |
52,189 |
-20.17% |
| NPL (%) |
0.08 |
0.11 |
-27.27% |
| Annualized EPS (In Rs.) |
16.66 |
27.88 |
-40.24% |
| Net Worth per Share (In Rs.) |
125.68 |
133.57 |
-5.90% |
| P/E Ratio (In times) |
13.66 |
- |
- |
Similarly, Sahayogi Bikas Bank Limited (SBBLJ) has posted profit decrement of 22.47 percent for the second quarter of the fiscal year 2074/75.
According to the unaudited financial report published by the development bank today, its net profit has decreased to Rs 4.38 crore in the second quarter up from Rs 5.66 crore in the corresponding quarter of the previous fiscal year 2073/74.
Sahayogi Bikas Bank’s net interest income has also decreased to Rs 10.38 crore in Q2, up from Rs 11.36 crore in the corresponding quarter of the previous fiscal year.
The bank’s deposits collection reached Rs 3.45 arba in Q2 from Rs 3.32 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 2.85 arba in Q2 whereas in the same period last year the figure stood at Rs 2.84 arba.
Its non-performing loan has increased to 2.45 percent in Q2 from 0.75 percent last year.
Sahayogi Bikas Bank annualized earning per share (EPS) stand at Rs 17.22, net worth per share at Rs 129.36, and the P/E ratio at 14.23 times.
Its paid up capital remains at Rs 50.97 crore and has reserve of Rs 14.96 crore.
| Particulars (In Rs '000) |
SBBLJ |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
509,668 |
314,610 |
62.00% |
| Reserve & Surplus |
149,628 |
131,677 |
13.63% |
| Deposits |
3,454,669 |
3,321,707 |
4.00% |
| Borrowings |
- |
- |
- |
| Loans & Advances |
2,848,871 |
2,839,349 |
0.34% |
| Net Interest Income |
103,780 |
113,585 |
-8.63% |
| Provision for possible losses |
48,240 |
37,330 |
29.23% |
| Operating Profit |
38,417 |
75,903 |
-49.39% |
| Net Profit |
43,877 |
56,595 |
-22.47% |
| NPL (%) |
2.45 |
0.75 |
226.67% |
| Annualized EPS (In Rs.) |
17.22 |
35.98 |
-52.14% |
| Net Worth per Share (In Rs.) |
129.36 |
141.85 |
-8.81% |
| P/E Ratio (In times) |
14.23 |
- |
- |
