Nepal Community earns Rs 33.42 lakh in Q1, NPA at 0.02%

ShareSansar, November 25:

Publishing the unaudited financial quarterly report today, Nepal Community Development Bank Limited stated that it’s earned Rs 33.42 lakh, up from Rs 9.9 lakh in the corresponding period of the previous fiscal year 2070/71.

Net interest income of the bank increased to Rs 91.60 lakh, up from Rs 47.82 lakh in the previous year which shows that the bank is able to increase its business this quarter.  

The bank has been able to collect Rs 70.60 crore in deposits and extended a total loan of Rs 60.50 crore compared to Rs 60.10 crore deposits and Rs 48.27 crore loans in the previous fiscal year.

The bank managed to write back Rs 1.57 lakh from the amount earlier provisioned for the possible losses. It also provisioned Rs 3.68 lakh for the possible loss during the published period.

Nepal Community Development Bank EPS is at Rs 3.34, while its P/E ratio stands at 40.72 times and its net worth per share at Rs 105.55.

For Financial Report: CLICK HERE