Prabhu Bank Limited (PRVU) has continued to show outstanding progress in the fourth quarter of the FY 2073/74 as well.
As per the unaudited financial report, its net profit has surged by 52.60% as compared to last year’s report. Its net profit now stands at a whopping Rs 1.75 arba. Its operating income has also increased by 56.33% to Rs 1.36 arba.
This increase in profit has propelled its Earnings Per Share (EPS) by 52.60% to Rs 29.78 per share at the end of Q4.
As of Q4, Prabhu Bank’s deposit base stands at a staggering Rs 81.34 arba. Out of this, it has floated loans of Rs 61.97 arba. With 28.55% increase in floated loans, it has been able to increase its net interest income by 28.50% to Rs 2.52 arba . Its CCD ratio stands at 71.10%.
After merger with Grand Bank Nepal Limited, PRVU has continued to make progress with its non-performing loan decreased to 4.29% in Q4 from 8.38% last year.
Its paid up capital now stands at Rs 5.88 arba with net worth of Rs 132.88 per share. The bank's reserve and surplus rises by massive 460.03% to Rs 2.05 arba in Q4 from Rs 36.63 crore in the corresponding quarter.
Prabhu Bank Limited will be issuing 40% right shares to its shareholders, after which its paid up capital will reach over Rs 8.22 arba.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
5,881,402 |
5,881,402 |
- |
| Reserve and Surplus |
2,051,535 |
366,323 |
460.03 |
| Deposits |
81,349,540 |
60,940,869 |
33.49 |
| Loans and Advances |
61,979,529 |
48,212,758 |
28.55 |
| Net Interest Income |
2,529,423 |
1,968,427 |
28.50 |
| Provision |
349,899 |
270,658 |
29.28 |
| Write Back |
1,721,751 |
1,052,465 |
63.59 |
| Operating Profit |
1,369,736 |
876,204 |
56.33 |
| Net Profit |
1,751,576 |
1,147,838 |
52.60 |
| Capital Adequacy Ratio (%) |
11.05 |
12.13 |
(8.90) |
| NPL (%) |
4.29 |
8.38 |
(48.81) |
| Base Rate (%) |
10.51 |
6.31 |
66.56 |
| CD Ratio (as per NRB) )%) |
71.10 |
73.54 |
(3.32) |
| EPS (Annualized) |
29.78 |
19.52 |
52.60 |
| Networth Per Share |
134.88 |
106.23 |
26.97 |
| P/E Ratio |
17.96 |
- |
|
