Purnima Bikas Bank reports ROA of 2% and ROE of 12% for Q4 of 2075/76; Net profit stands at Rs 8.39 crore with a miniscule 2.6% rise

Purnima Bikas Bank Limited (PURBL) has reported increase in profit by 2.67% for the fourth quarter of the fiscal year 2075/76. As per the unaudited report for the fourth quarter published, the bank’s net profit reaches to Rs.8.39 Crore, from Rs.8.17 Crore in the same quarter of the fiscal year 2074/75.

The bank has collected Rs.3.59 Arba in deposit and extended a total of Rs.3.17 Arba in loans and advances in the fourth quarter of fiscal year 2075/76.

Its net interest income has risen to Rs.19.11 Crore in fourth quarter from Rs.16.62 Crore in the corresponding quarter. Its paid up capital remains at Rs.55.12 Crore with reserve of Rs.9.3 Crore.

Purnima’s non-performing loan (NPL) has increased to 0.18% from 0.12% of corresponding quarter. Annualized Earning per Share (EPS) of the development bank stands at Rs.15.22.

The bank is in acquisition process by Shine Resunga Development Bank Limited at 100 : 95 swap ratio.

Q4 report