Saptakoshi Development Bank reports a net profit of Rs 4.61 crores

Saptakoshi Development Bank Limited (SKDBL) has registered an increase of 24.59% in its net profit in the fourth quarter of the FY 2075/76.

According to the unaudited financial report published by the development bank today, its net profit has increased to Rs 4.61 crore in fourth quarter, from Rs.3.70 crore in the corresponding quarter of the fiscal year 2074/75.

SKDBL’s net interest income rose to Rs 14.39 crore in Q4 as compared to Rs 10.14 crore in the corresponding quarter of the last fiscal year. As of Q4, it has a paid up capital of Rs 78.71 crore with a reserve of Rs 11.61 crore.

Saptakoshi and Kabeli Bikas banks to start joint transaction as Saptakoshi development bank from Ashad 22, 2076

The bank also collected deposits of Rs 2.71 arba till Q4, up from Rs 1.55 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 2.58 arba in Q4 whereas in the same period last year, the figure stood at Rs 1.36 arba. The paid up capital of the company stands at Rs 78.17 crore and reserve and surplus at Rs 11.61 crores.

The non-performing loan of the development bank has increased from 0.46% to 2.18% by the end of the fourth quarter.

SKDBL’s annualized Earnings per Share (EPS) stands at Rs 5.76 per share and has a Net worth of 107.75 per share. The bank posted an annualized PE Ratio of 21.18 times.