Professional Diyalo and Gandaki Bikas Bank profit escalates by 305.87 % and 49.22 % respectively

Kavre based Professional Diyalo Bikas Bank Limited (PRDBL) has reported a net profit of Rs 41.28 lakh in the first quarter of the fiscal year 2072/73.The profit increased by 305.87 % in Q1. As per the unaudited financial report published today, the development bank has collected Rs 1.62 arba in deposits in the first quarter up from Rs 1.23 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 1.27 arba, up from Rs 1.05 arba The development bank’s net interest income rose to Rs 1.35 crore in Q1 from 1.15 crore as compared to the corresponding quarter of the previous fiscal year. Professional Diyalo Bikas Bank has a paid up capital of Rs 22 crore with the reserve of Rs 5.18 crore in Q1. Its Non-Performing Loan (NPL) dropped to 0.95 % from 2.19 % in Q1.The bank’s CD ratio decreased to 67.15 % from 70.31 % in Q1. PRDBL’s Earning per Share (EPS) stand at Rs 1.88 and Net Worth per Share is at Rs 123.59. Pokhara based Gandaki Bikas Bank Limited (GDBL)’s net profit has increased by 49.22% in Q1.The development bank has posted a net profit of Rs 2.01 crore for the first quarter of the fiscal year 2072/73 up from Rs 1.35 crore in the corresponding quarter of the fiscal year 2071/72. . According to an unaudited financial report published today, the development bank has has mobilized deposits of Rs 4.52 arba in the 1st quarter compared to Rs 3.28 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 3.89 arba, up from Rs 2.85 arba. Its net interest income increased from Rs 4.27 crore to Rs 5.08 crore in Q1. The bank has paid up capital of Rs 35.20 crore. The development bank’s Non-Performing Loan (NPL) dropped to 0.74% in Q1 from 0.81 % in the corresponding quarter. Its CD ratio stand at 67.15% in Q1.