Modest profit growth of Janata Bank by 26.39% in Q2; NPL rises to 1.38% from 0.86%
Thu, Feb 18, 2016 11:12 AM on Latest, Financial Analysis, Featured,
Janata Bank Nepal Limited (JBNL) has registered modest profit rise of 26.39 percent in the second quarter of the current fiscal year 2072/73.
According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 13.80 crore in second quarter up from Rs. 10.92 crore in the corresponding quarter of the last fiscal year 2071/72.
Janata Bank’s net interest income has risen to Rs 34.82 crore in the second quarter as compared to Rs 31.37 crore in the corresponding quarter. It’s paid up capital remains at Rs 2.06 crore.
The bank also amassed huge amount of deposits in the Q2 of the ongoing fiscal year. Deposits collection reached Rs 23.13 arba in Q2 from Rs 20.73 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 18.50 arba in Q2 whereas in the same period last year the figure stood at Rs 18.41 arba.
Meanwhile its non-performing loan (NPL) has also risen to 1.38 percent in Q2 up from 0.86 percent in the previous year report.
Its earning per share (EPS) stand at Rs 13.40, net worth per share at 121.16, and the P/E ratio at 28 times.
Janata Bank and Machhapuchchhre Bank have entered into a merger process on September 29, 2015. The tentative share swap ratio share swap ratio of MBL: JBNL stands at 121:85 respectively.
Janata Bank’s net interest income has risen to Rs 34.82 crore in the second quarter as compared to Rs 31.37 crore in the corresponding quarter. It’s paid up capital remains at Rs 2.06 crore.
The bank also amassed huge amount of deposits in the Q2 of the ongoing fiscal year. Deposits collection reached Rs 23.13 arba in Q2 from Rs 20.73 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 18.50 arba in Q2 whereas in the same period last year the figure stood at Rs 18.41 arba.
Meanwhile its non-performing loan (NPL) has also risen to 1.38 percent in Q2 up from 0.86 percent in the previous year report.
Its earning per share (EPS) stand at Rs 13.40, net worth per share at 121.16, and the P/E ratio at 28 times.
Janata Bank and Machhapuchchhre Bank have entered into a merger process on September 29, 2015. The tentative share swap ratio share swap ratio of MBL: JBNL stands at 121:85 respectively.
