Muktinath & Shangri-La Dev. Bank profit rises by 45.39 % & 38.86 % respectively in Q1

Muktinath Bikas Bank Limited (MNBBL) has posted impressive profit growth of 45.39 percent in the first quarter (Q1) of the current fiscal year 2073/74. Publishing the unaudited financial report today, the bank stated that its net profit rose to Rs 9.97 crore in the current fiscal year 2073/74, up from Rs 6.85 crore in the corresponding period of the previous fiscal year 2072/73. Its net interest income has risen from Rs 14.62 crore in corresponding quarter to Rs 21.26 crore in the current quarter. Muktinath Bikas Bank’s paid up capital remains at Rs. 83.84 crore with reserve of Rs 60.31 crore in Q1. The development bank has deposit collected Rs 12.88 arba in the first quarter up from Rs 8.30 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 11.44 arba in Q1 whereas in the same period last year the figure stood at Rs 7.28 arba. Its non-performing loan (NPL) has drop to 0.18 percent in Q1 from 0.31 percent in the previous year report. MNBBL’s annualized earning per share (EPS) stand at Rs 38.33, net worth per share at 157.54 and the P/E ratio at 32.74 times. Likewise, Shangrila Development Bank Limited (SADBL) has posted impressive profit growth of 38.86 percent in the first quarter of the fiscal year 2073/74. Publishing the unaudited financial report today, the development bank stated that its net profit rose to Rs 4.43 crore in the Q1 of fiscal year 2073/74, up from Rs 3.19 crore in the corresponding quarter of the previous fiscal year 2072/73. Its net interest income has risen from Rs 8.65 crore in corresponding quarter to Rs 14.12 crore in the current quarter. The development bank has Deposit collected Rs 10.94 arba in the Q1 up from Rs 8.52 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 9.80 arba din Q1 whereas in the same period last year the figure stood at Rs 6.60 arba. Its non-performing loan (NPL) increased to 0.84 percent in Q1 from 0.47 percent in the previous year report. Shangri-La Development Bank has paid up capital of Rs. 1.07 arba. Its reserve and surplus increased to Rs. 42.85 crore in from Rs 32.40 crore in Q1. SADBL’s annualized earning per share (EPS) stand at Rs 16.52, net worth per share at Rs. 139.92 and PE ratio at 30.56