Om Development Bank Limited (ODBL) reserve and surplus increased by whooping 183.78 % and a huge profit growth of 46.17 percent in the fourth quarter (Q4) of the last fiscal year.
Publishing the unaudited financial report today, the bank stated that its net profit rose to Rs 43.34 crore in Q4 of fiscal year 2073/74, up from Rs 29.65 crore in the corresponding period of the previous fiscal year 2072/73.
ODBL’s reserve and surplus has increased by 183.78 % to Rs. 75.86 crore in Q4 up this fiscal year 073/74 from Rs 26.73 crore in corresponding quarter last year.
Its net interest income has risen from Rs 44.47 crore in the corresponding quarter previous year to Rs 87.66 crore in the current quarter Q4 this fiscal year. Om Development Bank’s paid up capital has increased from Rs. 1.36 arba in the corresponding period of the previous fiscal year to 1.64 arba in present fourth quarter of the present fiscal year 073/74.
The bank has collected Rs 16.06 arba in the fourth quarter up from Rs 11.85 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 14.05 arba in Q4 whereas in the same period last year the figure stood at Rs 9.92 arba.
Its non-performing loan (NPL) has risen to 0.9 percent in Q4 of last FY while NPL stood at 0.78 percent in the corresponding year report.
ODBL’s annualized earning per share (EPS) has decline to Rs 26.37 in Q4 from Rs 30.83 in corresponding quarter. The bank’s net worth per share stands at Rs 160.43.
Om Development Bank has recently resumed its trading in Nepal Stock Exchange Limited (NEPSE) fafter sucessful merger process with Manaslu Bikas Bank Limited (MSBBL).
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
1,643,945 |
1,360,282 |
20.85% |
| Reserve and Surplus |
758,660 |
267,338 |
183.78% |
| Deposits |
16,061,429 |
11,853,839 |
35.50% |
| Loans and Advances |
14,059,765 |
9,927,265 |
41.63% |
| Net Interest Income |
876,617 |
444,739 |
97.11% |
| Provision |
42,650 |
28,310 |
50.65% |
| Write Back |
0 |
4 |
-100.00% |
| Operating Profit |
658,317 |
356,263 |
84.78% |
| Net Profit |
433,446 |
296,530 |
46.17% |
| Capital Adequacy Ratio (%) |
17.19 |
14.79 |
16.23% |
| NPL (%) |
0.9 |
0.78 |
15.38% |
| Base Rate (%) |
11.43 |
835 |
-98.63% |
| Cost of Fund (%) |
8.26 |
5.49 |
50.46% |
| CD Ratio (as per NRB) )%) |
75.23 |
73.63 |
2.17% |
| EPS (Annualized) |
26.37 |
30.83 |
-14.47% |
| Networth Per Share |
160.43 |
119.65 |
34.08% |
| P/E Ratio |
23.86 |
20.43 |
16.79% |
