Nepal Grameen Bikas Bank reports 52% surge in net profit to Rs 18.03 crore; EPS at Rs 64.70

Nepal Grameen Bikas Bank Limited (NGBBL) has registered a net profit growth of 51.63% in the second quarter of the current FY 2073/74. According to the unaudited financial report published by the microfinance today, its net profit has increased to Rs 18.03 crore in second quarter, up from Rs 11.89 crore in the corresponding quarter of the previous fiscal year. NGBBL’s net interest income has risen to Rs 50.07 crore in Q2 as compared to Rs. 38.07 crore in the corresponding quarter of the last fiscal year. As of Q2, it has a paid up capital of Rs 55.75 crore with a reserve of Rs 19.23 crore. The bank has borrowed Rs 4.39 arba in Q2, up from Rs 3.99 arba in the corresponding quarter of the previous year. Likewise, it has extended loans and advances of Rs. 7.11 arba in Q2 whereas in the same period last year, the figure stood at Rs 5.76 arba. NGBBL’s annualized Earnings per Share (EPS) has increased to Rs 64.70 per share. Its net worth per share stands at Rs 134.51 and P/E ratio at 8.21 times. NGBBL did not propose any dividend for the FY 2072/73.