Prime Commercial Bank profit mounts by 29.58% in Q2; Agriculture Dev. Bank profit plunges by 27.50%
Fri, Feb 12, 2016 11:36 AM on Latest, Financial Analysis, Featured,
Prime Commercial Bank Limited (PCBL) has posted a net profit growth by 29.58% in the second quarter for the fiscal year 2072/73.The commercial bank has earned net profit of Rs.46.92 crore in Q2 increasing from Rs.36.21 crore in the corresponding quarter of the previous fiscal year.
Publishing the unaudited financial report for the second quarter today, the commercial bank has stated that it has collected deposits of Rs42.30.arba growing from Rs. 36.92 arba in the corresponding quarter of the previous fiscal year. Likewise, it has floated loans of Rs.34.11 arba from Rs.30.20 arba.
The commercial bank’s net interest income has risen to Rs.69.38 crore in the current quarter from Rs.65.19 crore in the previous year.
Prime Bank has a paid up capital of Rs.3.70 arba and reserve and surplus stands at Rs.1.09 arba. It has an operating profit of Rs.58.59 crore.
Prime Bank’s Non- performing loan (NPL) has dropped to 1.46% from 2.46%.
Its earning per share (EPS) now stands at Rs. 25.33, net worth per share at Rs.129.60, and P/E ratio at 19.34 times.
Meanwhile, Agriculture Development Bank Limited (ADBL) has reported net profit decline by 27.50 % in Q2 of the current fiscal year 2072/73.The commercial bank’s net profit decreased to Rs 38.75 crore in Q2 from Rs 53.45 crore as compared to the corresponding quarter of the previous fiscal year.
As per the unaudited financial report for Q2 today, the commercial bank’s deposit collection reached Rs 82.54 arba up from Rs.69.07 arba in the same quarter last year. It has mobilized loans of Rs.67.57 arba, rising from Rs 61.76 arba of the corresponding quarter of the previous fiscal year.
The commercial bank’s net interest income drop to Rs.1.99 crore in Q2, from Rs.2.33crore in corresponding quarter.
Agriculture Development Bank’s paid up capital remains at Rs.9.86 arba with reserve of Rs.3.42 crore. The bank has an operating profit of Rs.26.53 crore.
Its NPL rises to 5.36 % in Q2 from 5.14 % in the corresponding quarter.
Its EPS stands at Rs. 11.36. net worth per share is Rs.256.59, and P/E ratio is at 47.99 times.
The commercial bank’s net interest income has risen to Rs.69.38 crore in the current quarter from Rs.65.19 crore in the previous year.
Prime Bank has a paid up capital of Rs.3.70 arba and reserve and surplus stands at Rs.1.09 arba. It has an operating profit of Rs.58.59 crore.
Prime Bank’s Non- performing loan (NPL) has dropped to 1.46% from 2.46%.
Its earning per share (EPS) now stands at Rs. 25.33, net worth per share at Rs.129.60, and P/E ratio at 19.34 times.
Meanwhile, Agriculture Development Bank Limited (ADBL) has reported net profit decline by 27.50 % in Q2 of the current fiscal year 2072/73.The commercial bank’s net profit decreased to Rs 38.75 crore in Q2 from Rs 53.45 crore as compared to the corresponding quarter of the previous fiscal year.
As per the unaudited financial report for Q2 today, the commercial bank’s deposit collection reached Rs 82.54 arba up from Rs.69.07 arba in the same quarter last year. It has mobilized loans of Rs.67.57 arba, rising from Rs 61.76 arba of the corresponding quarter of the previous fiscal year.
The commercial bank’s net interest income drop to Rs.1.99 crore in Q2, from Rs.2.33crore in corresponding quarter.
Agriculture Development Bank’s paid up capital remains at Rs.9.86 arba with reserve of Rs.3.42 crore. The bank has an operating profit of Rs.26.53 crore.
Its NPL rises to 5.36 % in Q2 from 5.14 % in the corresponding quarter.
Its EPS stands at Rs. 11.36. net worth per share is Rs.256.59, and P/E ratio is at 47.99 times.
