Modest profit growth of Kakrebihar & Alpine Dev. Bank by 24.46 % & 22.50 % respectively in Q4

Kakrebihar Bikas Bank Limited (KKBL) has reported rise in net profit by 24.46% in the fourth quarter of the last fiscal year 2072/73. According to unaudited financial statement published today, its net profit has increased to Rs 70.61 crore in fourth quarter, up from Rs 56.73 lakh in the corresponding quarter of the previous fiscal year 2071/72. Kakrebihar Bikas Bank has collected deposits of  Rs 79.18 crore in fourth quarter from Rs 64.46 crore in the corresponding quarter of last fiscal year. Likewise, The bank extended loans and advances of Rs 48.27 crore in the Q4 whereas in the same period last year the figure stood at Rs 36.97 arba. The net interest income of the development bank reached Rs 2.35 crore in Q4 of FY 2072/73 up from Rs 1.41 crore in the previous FY 2071/72. Kakrebihar Bikas Bank has a paid up capital of Rs 6.08 crore with reserve of Rs 2.20 crore. The development bank earning per share (EPS) stands at Rs 11.59, net worth per share is at Rs 111.59, P/E ratio at 37.53 times. Likewise, Alpine Development Bank Limited (ALDBL) has reported growth in net profit of 22.50 percent in the fourth quarter of the fiscal year 2072/73. According to unaudited financial report published today. Its net profit increased to Rs 4.69 crore in the fourth quarter of the fiscal year 2072/73 from Rs 3.83 crore of the corresponding quarter of the fiscal year 2071/72. ALDBL has a paid up capital of Rs 14.51 crore with reserve of Rs 6.97 crore. Its net interest income has risen to Rs 9.05 crore in this quarter up from Rs 7.45 crore in the previous quarter The development bank has collected of Rs 1.60 arba in Q4 from Rs 1.17 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 1.31 arba from Rs 94.19 crore in Q4. Its non-performing loan (NPL) has dropped to 2.56 % in Q4 from 2.73% in the same quarter last year. The bank’s CD ratio stands at 72.45%. Annualized  earning per share (EPS) of the bank stands at Rs 32.33, net worth per share is at Rs 148.09 and, P/E ratio  at 14.23 times.