Net profit of Rupandehi based Mission Dev. & Purnima Bikas Bank surges by 62.11% & 43.87 % respectively in Q2

Mission Development Bank Limited (MIDBL) has reported a profit rise of 62.11% for the second quarter of the current fiscal year 2072/73. According to the unaudited quarterly report for the second quarter published today, the development bank has amassed a net profit of Rs 1.77 crore in the second quarter of fiscal year 2072/73, a growth from Rs 1.09 crore reported in the corresponding quarter of the previous year 2071/72. In the second quarter Mission’s net interest income has risen to Rs 4.71 crore up from Rs 3.12 crore in the corresponding quarter. MIDBL has also collected Rs 1.59 arba in deposits and disbursed Rs 1.36arba in loans as compared to Rs 1.21 arba  in deposits and Rs 89.16 crore in loans in the corresponding quarter last year. The development bank CD ratio stands at 74.61% and non-performing loan (NPL) is at 0.32% in Q2. The bank’s paid up capital remains at Rs 17.25 crore. It’s Earning per Share (EPS) stands at Rs 10.31 and liquidity ratio is at 31.25 percent.   Similarly, Bhairahawa based Purnima  Bikas Bank Limited (PURBL)  net profit surged by 43.87 percent  in the second quarter of the fiscal year 2072/73. As per the unaudited financial report for the second quarter published today, the bank has stated that it has earned net  profit of Rs 2.60 crore in the Q2 up from Rs 1.86 crore in the corresponding period of previous  fiscal year report. Its net interest income increased to Rs 5.39 crore in Q2 from Rs 3.82  crore in the previous year. The bank has collected Rs 1.97 arba in deposits with flow of Rs 1.39 arba in loan. Purnima Bikas Bank has a paid up capital of Rs 20.17 crore. The bank’s NPL stand at 0.15%and CD ratio remains at 63.10%. Its Earnings per Share (annualized) stands at Rs 26.67, net worth per share stands at Rs 125.36.