Rising Loans and Net Interest Income Results Excellent 55.69% Profit Growth of Lumbini Bikas Bank in Q4
Sun, Jul 24, 2022 8:25 AM on Financial Analysis, Latest,
Lumbini Bikas Bank Limited (LBBL) has published its fourth-quarter report for the FY 2078/2079 with an excellent increment in Net Profit by 55.69%. The bank's net profit has increased from Rs. 43.39 crore in the fourth quarter of FY 2077/2078 to Rs. 67.56 crore in the fourth quarter of FY 2078/2079.
In the same quarter, the bank has Rs 47.92 crore as distributable profit after PL Appropriation and Regulatory Adjustments. This amount can be used for distributing dividends.
The bank’s deposits from customers increased by 17.88% to Rs. 42.87 arba whereas loans and advances to customers increased by 28.33% to Rs. 38.08 arba by the fourth quarter. The bank's Net Interest Income (core business income) has increased by 30.15% to Rs. 1.57 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 3.28 Arba with Rs. 2.53 Arba in Reserve and surplus. The Non-performing loan (NPL) decreased to 1.68% from 2.17%.
The earnings per share (EPS) of the Bank stood at Rs. 20.57 and Net worth per share stood at Rs. 177.19. The company traded at a P/E multiple of 16.58 times.
The Capital Adequacy Ratio (CAR) of the bank stands at 11.77%.
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