Prabhu bank Q4 earning rises by meager 12.72% to Rs 1.14 arba; NPL stand at 8.38%

Prabhu Bank Limited (PRVU) has posted a net profit rise of 12.72 percent in the fourth quarter (Q4) of last fiscal year 2072/73. As per the unaudited quarterly report for the fourth quarter today, the commercial bank has registered a net profit of Rs. 1.14 arba in the fourth quarter of last fiscal year 2072/73, up from Rs. 1.01 arba in the corresponding quarter of fiscal year 2071/72. The net profit comprises 91 percent of write back of provision for possible losses. Its net interest income surged from Rs.2.81 arba in the previous year to Rs. 3.59 arba in previous year report.. Prabhu Bank has a paid up capital of Rs5.88. arba and a reserve of Rs 36.63 crore at present. Prabhu Bank has collected Rs.60.94 arba in deposits and has extended Rs.48.21 arba in loans in the fourth quarter of 2072/73 as compared to Rs. 42.14 arba in deposit and Rs.29.68 arba in loans in the corresponding quarter of fiscal year 2071/72. The bank’s non-performing loan (NPL) increased to 8.38 percent in Q4 from 7.33 percent in the corresponding quarter. Its CD ratio stands 73.54 percent in Q4. PRVU earning per share (EPS) stand at Rs 19.52., net worth per share is at Rs.106.23, price earning ratio (P/E) at 21.26. Prabhu Bank trading has been halted in Nepal Stock Exchange Limited (NEPSE) since September 30, 2015. It's been ten months and the trading of shares of Prabhu Bank is still in halt though its merger process with Grand bank has been completed and joint operation started on February 12, 2016.