Net profits of Purnima Bikas Bank decrease by 3% in the third quarter; reports EPS of Rs.13.73 and Net worth per share of Rs.126.76

Purnima Bikas Bank Limited (PURBL) has reported decrease in profit by 3.07% for the third quarter of the fiscal year 2075/76. As per the unaudited report for the third quarter published today, the bank’s net profit reaches to Rs.5.67 Crore, from Rs.5.85 Crore in the same quarter of the fiscal year 2074/75.

The bank has collected Rs.3.43 Arba in deposit and extended a total of Rs.3.12 Arba in loans and advances in the third quarter of fiscal year 2075/76. In the corresponding quarter of fiscal year 2074/75, the bank deposits stood at Rs.2.64 Arba and loan and advances at Rs.2.42 Arba.

Its net interest income rises to Rs.13.18 Crore in third quarter from Rs.11.82 Crore in the corresponding quarter. Its paid up capital remains at Rs.55.12 Crore with reserve of Rs.14.74 Crore.

Purnima’s non-performing loan (NPL) has increased to 0.79% from 0.28% of corresponding quarter. Annualized Earning per Share (EPS) of the development bank stands at Rs.13.73 and net worth per share is at Rs.126.76. The PE Ratio of the development bank stands at 13.70 times.

The bank is in acquisition process by Shine Resunga Development Bank Limited.