Publishing the unaudited financial report today, the bank stated that its net profit rose to Rs 7.53 crore in the current fiscal year 2073/74, up from Rs 4.19 crore in the corresponding period of the previous fiscal year 2072/73.
Its net interest income has risen from Rs 14.20 crore in corresponding quarter to Rs 8.27 crore in the current quarter. Purnima Bikas Bank’s paid up capital remains at Rs. 35.23 crore
The bank has collected Rs 23.55 arba in the third quarter up from Rs 20.38 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 20.31 arba in Q3 whereas in the same period last year the figure stood at Rs 15.05 arba.
Its non-performing loan (NPL) has drop to 0.29 percent in Q3 up from 0.51 percent in the previous year report.
The bank reserve and surplus increased by 87.12% to Rs.12.39 crore in Q3 up from Rs 6.62 crore in corresponding quarter last year.
PURBL’s annualized earning per share (EPS) stand at Rs 28.52, net worth per share at 135.16 and the P/E ratio at 14.34 times. Its 4:1 right share is currently in SEBON pipeline.
Major Highlights of Purnima Bikas Bank:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
352,385 |
201,709 |
74.70% |
| Reserve and Surplus |
123,903 |
66,216 |
87.12% |
| Deposits |
2,355,198 |
2,038,226 |
15.55% |
| Loans and Advances |
2,031,250 |
1,505,099 |
34.96% |
| Net Interest Income |
142,089 |
82,704 |
71.80% |
| Provision |
5,506 |
4,192 |
- |
| Write Back |
- |
- |
- |
| Operating Profit |
117,878 |
64,123 |
83.83% |
| Net Profit |
75,378 |
41,964 |
79.62% |
| Capital Adequacy Ratio |
19.88% |
15.03% |
- |
| NPL |
0.29% |
0.51% |
-43.14% |
| Base Rate |
8.03% |
8.39% |
- |
| Cost of Fund |
5.19% |
5.12% |
|
| CD Ratio (as per NRB) |
71.74% |
67.19% |
- |
| EPS (Annualized) |
28.52 |
27.74 |
2.82% |
| PE Ratio |
14.34 |
|
|
| Networth Per Share |
135.16 |
|
|
Meanwhile,
Kasthamandap Development Bank Limited (KDBL) has declared a profit depreciation of 21.19 % for the third quarter of the current fiscal year 2073/74.
According to the unaudited quarterly report for the third quarter published today, the development bank has a net profit of Rs 15.22 crore in the third quarter of fiscal year 2073/74, a drop from Rs 19.31 crore reported in the corresponding quarter of the previous year 2072/73.
In the third quarter, KDBL’s net interest income has risen to Rs 27.36 crore, up from Rs 18.28 crore in the corresponding quarter.
It also mobilized Rs 7.60 arba in deposits and disbursed Rs 6.38 arba in loans as compared to Rs 6.40 arba in deposits and Rs 5.26 arba in loans in the corresponding quarter last year.
The development bank CD ratio stands at 73.10%. Its non-performing loan (NPL) has dropped to 0.57% in Q3 from 2.60% in the corresponding quarter.
The bank’s paid up capital remains at Rs 83.59 crore with reserve of Rs 43 crore.
Its annualized EPS stands at Rs 24.28 and its net worth per share is at Rs 151.45. It is under acquisition process by Kumari Bank Limited.
Major Highlights of Kasthamandap Development Bank:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
835,918 |
679,897 |
22.95% |
| Reserve and Surplus |
430,081 |
180,240 |
138.62% |
| Deposits |
7,609,479 |
6,405,803 |
18.79% |
| Loans and Advances |
6,380,477 |
5,264,992 |
21.19% |
| Net Interest Income |
273,679 |
182,899 |
49.63% |
| Provision |
- |
- |
- |
| Write Back |
31,415 |
165,238 |
80.99% |
| Operating Profit |
201,511 |
116,021 |
73.68% |
| Net Profit |
152,246 |
193,175 |
-21.19% |
| Capital Adequacy Ratio |
16.53% |
13.04% |
- |
| NPL |
0.57% |
2.60% |
-78.08% |
| Base Rate |
10.54% |
8.44% |
- |
| Cost of Fund |
7.39% |
4.95% |
|
| CD Ratio (as per NRB) |
73.10% |
75.70% |
- |
| EPS (Annualized) |
24.28 |
37.88 |
-35.90% |
| Networth Per Share |
151.45 |
|
|
