Muktinath Bikas Bank Limited (MNBBL) has posted impressive profit growth of 43.02 percent in the third quarter (Q4) of the current fiscal year 2073/74.
Publishing the unaudited financial report for the fourth quarter today, the development bank stated that its net profit rose to Rs 49.63 crore in the current fiscal year 2073/74, up from Rs 35.88 crore in the corresponding period of the previous fiscal year 2072/73.
Its net interest income has risen from Rs 69.08 crore in corresponding quarter to Rs 1.03 arba in the current quarter.
Muktinath Bikas Bank’s paid up capital remains at Rs. 1.54 arba with reserve of Rs 77.60 crore in Q4.
The development bank has collected deposits of Rs 16.77 arba in the fourth quarter, up from Rs 11.27 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 15.31 arba in Q4 whereas in the same period last year the figure stood at Rs 9.90 arba.
Its non-performing loan (NPL) has dropped to 0.02% in Q4 from 0.09% in the previous year report.
MNBBL’s annualized earning per share (EPS) stands at Rs 32.11, net worth per share at Rs 149.80 and the P/E ratio at 30.24 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Difference (%) |
| Paid Up Capital |
1,545,838 |
838,433 |
84.37% |
| Reserve and Surplus |
776,088 |
503,384 |
54.17% |
| Deposits |
16,775,223 |
11,276,653 |
48.76% |
| Loans and Advances |
15,316,389 |
11,276,653 |
35.82% |
| Net Interest Income |
1,030,809 |
690,858 |
49.21% |
| Provision |
56,718 |
31,057 |
82.62% |
| Write Back |
5,995 |
7,273 |
-17.57% |
| Operating Profit |
739,548 |
533,032 |
38.74% |
| Net Profit |
496,316 |
358,880 |
38.30% |
| Capital Adequacy Ratio |
14.96 |
12.11 |
23.53% |
| NPL |
0.02 |
0.09 |
-77.78% |
| Base Rate |
11.68 |
8.57 |
36.29% |
| Cost of Fund |
7.66 |
4.97 |
54.12% |
| CD Ratio (as per NRB) |
70.52 |
78.63 |
-10.31% |
| EPS |
32.11 |
42.80 |
-24.98% |
| PE Ratio |
30.24 |
- |
- |
| Networth Per Share |
149.80 |
- |
- |
