Nepal Grameen Bikas Bank Limited (NGBBL) has reported 22.39 % growth in net profit for the third quarter of the current fiscal year 2073/74.
Publishing the unaudited financial report for the third quarter today, the microfinance company has stated that its net profit rose to Rs 19.58 crore, up from Rs 15.99 crore reported in the corresponding quarter of the previous fiscal year 2072/73.
The microfinance has borrowings of Rs 4.49 arba in the Q3 compared to Rs 4.20 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 7.57 arba, up from Rs 6.15 arba.
NGBBL's net interest income has risen from Rs 54.43 crore in the corresponding quarter last year to Rs 73.20 crore in the third quarter of fiscal year 2073/74.
Its paid up capital remains at Rs 55.75 crore and has reserve of Rs 20.77 crore .
The microfinance’s non-performing loan (NPL) has declined from 5.99% in the previous quarter to 4.66% in the third quarter of current fiscal year.
Its annualized earning per share (EPS) now stands at Rs 46.83, net worth per share is at Rs 137.27 and P/E ratio at 18.36 times.
Nepal Grameen Bikas Bank will be issuing 9,75,000 units Further Public Offering (FPO) shares to the general public at par i.e. Rs 100 per share. The bank has not added any premium to the par value for this issue. The company has appointed Prabhu Capital Limited as the issue manager for its upcoming FPO.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
557,500 |
557,500 |
0.00% |
| Reserve and Surplus |
207,714 |
(79,637) |
-360.83% |
| Deposits |
2,145,004 |
1,717,793 |
24.87% |
| Loans and Advances |
7,579,421 |
6,156,284 |
23.12% |
| Borrowings |
4,497,395 |
4,206,540 |
6.91% |
| Net Interest Income |
732,010 |
544,352 |
34.47% |
| Provision |
65,563 |
64,992 |
0.88% |
| Write Back |
46,023 |
41,328 |
11.36% |
| Operating Profit |
307,354 |
262,473 |
17.10% |
| Net Profit |
195,816 |
159,989 |
22.39% |
| Capital Adequacy Ratio |
7.15% |
3.00% |
- |
| NPL |
4.66% |
5.99% |
-22.20% |
| Cost of Fund |
5.85% |
5.05% |
|
| CD Ratio (as per NRB) |
28.30% |
27.89% |
- |
| EPS (Annualized) |
46.83 |
38.26 |
22.42% |
| PE Ratio |
18.36 |
|
|
| Networth Per Share |
137.26 |
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