Nepal Grameen Q4 earning surges by 44.60% to Rs 26.25 crore; Reserve increased to Rs 1.51 crore from negative Rs 23.96 crore

Nepal Grameen Bikas Bank Limited (NGBBL) has registered profit rise of 44.60 percent in the fourth quarter of  last  fiscal year 2072/73. According to the unaudited financial report published by the microfinance company today, its net profit has increased to Rs 26.25 crore in fourth quarter up from Rs. 18.15 crore in the corresponding quarter of the last fiscal year 2071/72. Nepal Grameen Bikas Bank’s net interest income has risen to Rs 85.26 crore in Q4 as compared to Rs 64.68 crore in the corresponding quarter. It’s paid up capital remains at Rs 55.75 crore. NGBBL’s reserves became positive in this quarter. Reserve increased to Rs 1.51 crore from negative of Rs 23.96 crore. The company borrowings reached to Rs 4.29 arba in Q4 from Rs 3.51 arba in the corresponding quarter. It has deposits of Rs 1.81 arba in Q4. Likewise, it has extended loans and advances of Rs 6.41 arba in Q4 whereas in the same period last year the figure stood at Rs 5.22 arba. Its non-performing loan has decline from 4.31 percent in last year report to 5.70 percent in the current quarter. NGBBL annualized Earning per share (EPS) stand at Rs 47.09, net worth per share at  Rs 102.73 and P/E ratio at 22.93 times.