Om Development Bank Limited (ODBL) has registered a staggering net profit growth of 197.39% in the second quarter of the current FY 2073/74.
According to the unaudited financial report published by the development bank today, its net profit has increased to Rs. 19.02 crore in second quarter, up from Rs. 6.39 crore in the corresponding quarter of the previous fiscal year.
ODBL’s net interest income has risen to Rs 35.31 crore in Q2 as compared to Rs. 12.85 crore in the corresponding quarter of the last fiscal year.
As of Q2, it has a paid up capital of Rs 1.36 arba with a reserve of Rs 45.73 crore.
The bank also collected deposits of Rs 12.99 arba in Q2, up from Rs 5.33 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 11.34 arba in Q2 whereas in the same period last year, the figure stood at Rs. 4.44 arba.
OM’s annualized Earnings per Share (EPS) has increased by 22.03% to Rs 27.97 per share. It had distributed 29.20% stock dividend for the year 2072/73. Its trading is in halt in NEPSE as it is undergoing merger with Manaslu Bikas Bank Limited.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
1,360,281.60 |
558,280.80 |
143.66% |
| Reserve and Surplus |
457,314.85 |
206,861.80 |
121.07% |
| Deposits |
12,995,083.00 |
5,332,514.22 |
143.70% |
| Loans and Advances |
11,345,235.18 |
4,446,981.39 |
155.12% |
| Net Interest Income |
353,194.77 |
128,502.62 |
174.85% |
| Provision |
38,518.65 |
5,446.39 |
- |
| Write Back |
- |
- |
- |
| Operating Profit |
282,441.26 |
100,403.98 |
181.30% |
| Net Profit |
190,237.71 |
63,968.71 |
197.39% |
| Capital Adequacy Ratio |
14.47% |
14.46% |
- |
| NPL |
1.26% |
0.42% |
200.00% |
| Base Rate |
|
|
- |
| Cost of Fund |
5.38% |
6.40% |
|
| CD Ratio (as per NRB) |
76.64% |
74.20% |
- |
| EPS (Annualized) |
27.97 |
22.92 |
22.03% |
| PE Ratio |
22.49 |
14.18 |
|
| Networth Per Share |
133.62 |
137.05 |
|
