Purnima Bikas Bank Limited (PURBL) has posted a massive profit growth of 53.23 percent in the fourth quarter of the last fiscal year.
Publishing the unaudited financial report today, the bank stated that its net profit rose to Rs 10.01 crore in Q4 of fiscal year 2073/74, up from Rs 6.53 crore in the corresponding period of the previous fiscal year 2072/73.
Its net interest income has risen from Rs 12.17 crore in corresponding quarter to Rs 19.04 crore in the current quarter. Purnima Bikas Bank’s paid up capital remains at Rs. 35.23 crore
The bank has collected Rs 2.40 arba in the fourth quarter up from Rs 2.32 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 2.03 arba in Q4 whereas in the same period last year the figure stood at Rs 1.70 arba.
Its non-performing loan (NPL) has drop to 0.01 percent in Q4 up from 0.10 percent in the previous year report.
The bank reserve and surplus increased by 65.94% to Rs. 14.86 crore in Q4 up from Rs 8.95 crore in corresponding quarter last year.
PURBL’s annualized earning per share (EPS) has decline to Rs 28.42 from Rs 32.40 in corresponding quarter, To increase the capital Purnima Bikas Bank had issued right shares . Its net worth per share is at 142.19.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Difference(%) |
| Paid Up Capital |
352,385 |
201,709 |
74.70 |
| Reserve and Surplus |
148,678 |
89,598 |
65.94 |
| Deposits |
2,402,496 |
2,321,863 |
3.47 |
| Loans and Advances |
2,034,092 |
1,704,546 |
19.33 |
| Net Interest Income |
190,477 |
121,756 |
56.44 |
| Provision |
3,482 |
4,001 |
(12.96) |
| Write Back |
1,113 |
- |
#DIV/0! |
| Operating Profit |
155,305 |
95,524 |
62.58 |
| Net Profit |
100,153 |
65,362 |
53.23 |
| Capital Adequacy Ratio |
20.59 |
13.85 |
48.66 |
| NPL |
0.01 |
0.10 |
(90.00) |
| Base Rate |
8.50 |
10.39 |
(18.19) |
| Cost of Fund |
5.64 |
4.54 |
24.23 |
| CD Ratio (as per NRB) |
72.56 |
67.54 |
7.43 |
| EPS (Annualized) |
28.42 |
32.40 |
(12.29) |
| Networth Per Share |
142.19 |
144.42 |
(1.54) |
