Muktinath Bikas Bank Limited (MNBBL) has posted impressive profit growth of 43.02 percent in the third quarter (Q3) of the current fiscal year 2073/74.
Publishing the unaudited financial report for the third quarter today, the development bank stated that its net profit rose to Rs 35.51 crore in the current fiscal year 2073/74, up from Rs 24.82 crore in the corresponding period of the previous fiscal year 2072/73.
Its net interest income has risen from Rs 48.18 crore in corresponding quarter to Rs 73.10 crore in the current quarter.
Muktinath Bikas Bank’s paid up capital remains at Rs. 1.54 arba with reserve of Rs 63.48 crore in Q3.
The development bank has collected deposits of Rs 15.14 arba in the first quarter, up from Rs 9.84 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 14.17 arba in Q3 whereas in the same period last year the figure stood at Rs 8.60 arba.
Its non-performing loan (NPL) has dropped to 0.10% in Q3 from 0.41% in the previous year report.
MNBBL’s annualized earning per share (EPS) stands at Rs 30.69, net worth per share at Rs 140.74 and the P/E ratio at 34.14 times.
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
1,542,716 |
838,433 |
84.00% |
| Reserve and Surplus |
634,898 |
392,801 |
61.63% |
| Deposits |
15,148,365 |
9,846,866 |
53.84% |
| Loans and Advances |
14,174,619 |
8,607,573 |
64.68% |
| Net Interest Income |
731,067 |
481,898 |
51.71% |
| Provision |
47,568 |
39,121 |
- |
| Write Back |
- |
- |
- |
| Operating Profit |
536,720 |
365,140 |
46.99% |
| Net Profit |
355,125 |
248,297 |
43.02% |
| Capital Adequacy Ratio |
14.97% |
12.51% |
- |
| NPL |
0.10% |
0.42% |
-76.19% |
| Base Rate |
11.02% |
9.78% |
- |
| Cost of Fund |
6.91% |
5.02% |
|
| CD Ratio (as per NRB) |
70.37% |
77.93% |
- |
| EPS (Annualized) |
30.69 |
39.49 |
-22.27% |
| PE Ratio |
14.07 |
|
|
| Networth Per Share |
125.26 |
|
|
