Net profit of Corporate Development Bank stands at Rs.9.25 Crore till the fourth quarter; NPL falls to 29.66% from 63.50% in the corresponding quarter

Corporate Development Bank Limited (CORBL) has reported net profit of Rs 9.25 crore for the fourth quarter of the fiscal year 2075/76. As per the unaudited fourth quarterly report published today, the development bank’s profit was Rs 1.88 crore in the corresponding quarter of the FY 2074/75.

It earned Rs 4.49 crore as net interest income which has increased by 40.69% from Rs 3.19 crore in the corresponding quarter of previous year.

The paid-up capital stands at Rs 37.05 crore with negative reserves of Rs 27.75 lakhs in the mentioned period. The non-performing loans of the company fell from 63.50%, posted in the corresponding quarter of the previous year, to 29.66% by the end of the fourth quarter.

Earnings per share (EPS) stands at Rs 24.99 and Net worth per share stands at Rs 99.25. The PE Ratio stands at 4.63 times.