Nepal SBI Bank & Bank of Kathmandu Lumbini earns Rs1.33 arba &  Rs 75.81 crore  respectively in Q4

Nepal SBI Bank Limited (SBI) has registered profit rise of 25.01 percent in the fourth quarter of the last fiscal year 2072/73.It has earned Rs1.33 arba.in the fourth quarter. According to the unaudited financial report published by the commercial bank today, it stated that its net interest income has risen to Rs 2.41 arba in Q4 as compared to Rs 2.04 arba in the corresponding quarter. It has paid up capital of Rs 3.88 arba with reserve of Rs 3.09 arba in fourth quarter. The bank’s deposits collection reached Rs 65.11 arba in Q4 from Rs 51.62 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 46.99 arba in Q4 whereas in the same period last year the figure stood at Rs 39.97 arba. SBI bank non-performing loan (NPL) has decline to 0.14 percent in Q4 from 0.19 percent in the previous year report. Its earnings per share (EPS) stand at Rs 34.29, net worth per share at 179.6 , and P/E ratio at 54.68  times. Bank of Kathmandu Lumbini tremendously increase by 126.59% in Q4: eps stand by 24.50 Bank of Kathmandu Lumbini Limited has registered net profit of Rs 75.81 crore for the fourth quarter of the fiscal year 2072/73. The net profit increased by 126.59% fourth quarter. The net profit stood at Rs 33.45 crore in the corresponding quarter of the previous fiscal year. As per the unaudited financial report for the fourth quarter, Bank of Kathmandu Lumbini’s net interest income increased to Rs 1.54 arba from Rs 1.38 arba in this quarter. Its paid up capital remains at Rs 4.57 arba with reserve and surplus of Rs 3.30 arba. The commercial bank has mobilized deposits of Rs 67.83 arba in Q4 increasing from Rs 39.45 arba in the corresponding quarter last year. It has extended loans of Rs 60.31 arba, increasing from Rs 33.38 arba. The commercial bank’s Non -performing Loan dropped to 2.25% from 3.47 % in Q4. Its annualized EPS  now stands at Rs 24.50 , net worth per share at Rs 172.28, and P/E ratio (annualized) at 23.88 times. Bank of Kathmandu had merged with Lumibini Bank Limited. The share swap ratio of Bank of Kathmandu and Lumbini Bank was approved at the ratio of 1:0.8281.