Pathibhara and Sirjana merger
Tue, Jul 9, 2013 12:00 AM on Others,
ShareSansar, July 9
Pathibhara Development Bank and Sirjana Finance have merged with each other. The merger agreement was signed on July 7 by Chairman of Pathibhara Nawal Kumar Rai and Sirjana’s Chairman Suyash Pyakurel.
As per the officials of Pathibara Bikas Bank, both banks are waiting for a green signal from NRB for merger which will leads to stoppage of share trading in NESPE. Further, approval from NRB expected by today.
The new entity would be called Pathibhara Development Bank. The bank’s head office would be located in Biratnagar.
Pathibhara has 12 branches where as Sirjana has 3. The banks operated in Jhapa, Morang, Sunsari and Saptari districts.
Pathibhara was established in 2064 and has 64 promoter shareholders and more than 10,000 general shareholders.
Brief financial highlights of two companies
|
Particulars |
As of 3rd quarter 2069/70 of Pathibara |
As of 1st quarter 2069/70 of Shrijana Finance |
|
Paid Up Capital (Rs.) |
100000 |
61600 |
|
Reserve and Surplus (Rs.) |
27374.29 |
26364.17 |
|
Deposits (Rs.) |
1348730.74 |
226450.65 |
|
Loan and Advances (Rs.) |
923133.08 |
263643.76 |
|
Net Interest Income (Rs.) |
47081.74 |
3077.92 |
|
Operating Profit (Rs.) |
24115.98 |
1247.71 |
|
Net Profit (Rs.) |
15349.27 |
984.91 |
|
Capital Adequacy (%) |
12.02 |
32.91 |
|
NPA (%) |
1.16 |
1.5 |
|
Cost of Fund (%) |
7.95 |
- |
|
CD Ratio (%) |
62.54 |
- |
|
Annualized EPS (Rs.) |
20.46 |
6.4 |
|
P/E Ratio (Times) |
3.86 |
25.75 |
|
Net Worth Per share (Rs.) |
127.37 |
142.8 |
|
Last Trading Price |
93 |
84 |
