Reliable Development Bank net profit down slightly to Rs 7.46 crore, EPS at Rs 18.43

Reliable Development Bank (REDBL) has registered a minor drop of 1.11% in the second quarter of the current FY 2073/74. According to the unaudited financial report published by the development bank today, its net profit has decreased to Rs 7.46 crore in second quarter, down from Rs 7.55 crore in the corresponding quarter of the previous fiscal year. As of Q2, it has a paid up capital of Rs 81 crore with a reserve of Rs 46.94 crore. The bank also collected deposits of Rs 8.51 arba in Q2, up from Rs 7.92 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 7.41 arba in Q2 whereas in the same period last year, the figure stood at Rs 5.86 arba. Its CCD ratio is at 71.72%. REDBL has shown an annualized Earnings per Share (EPS) of Rs 18.43 per share. It has a Net worth per share of 157.94. Its recent AGM had distributed a bonus share of 29% and endorsed 1:1 right share. Its trading is currently in halt due to its ongoing acquisition process with Global IME bank.