Nepal Community Development Bank reports net profit of Rs 2.16 crore; EPS at Rs 5.95

Nepal Community Development Bank Limited (NCDB) has earned net profit of Rs 2.16 crore till the end of third quarter of the fiscal year 2074/75.

As per the quarterly unaudited financial statement released by the bank, its net profit has decreased by 9.73% as compared to the third quarter last year. In this period, it has been able to increase its net interest income by almost 16.72% to Rs 8.70 crore.

Its deposit base has reached Rs 2.01 arba, up 12.14% from Rs 1.79 arba last year. Likewise, it has floated loans worth Rs 1.90 arba till Q3 this year whereas in the last year, the figure stood at Rs 1.59 arba. However, its non-performing loans (NPL) have increased to 3.28% from 0.94% posted in the same period last year.

Its paid-up capital at the end of Q3 stands at Rs 48.46 crore with a reserve of Rs 8.24 crore. After the proposed 8.61% bonus share of 73/74 FY, the paid up will reach Rs 52.63 crore. 

Its annualized EPS now stands at Rs 5.95, net worth per share at Rs 117.02 and P/E ratio at 23.04 times.

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