Siddhartha & Kasthamandap Dev. Bank profit upswings by 150.79% & 88.10% respectively
Mon, Aug 3, 2015 12:00 AM on Others,
ShareSansar, August 3:
Siddhartha Development Bank Limited (SDBL) has shown remarkable improvement by 150.79% in the fourth quarter (Q4) of the last fiscal year 2071/72.
As per the quarterly report published today, the bank has earned net profit of Rs 16.18 crore in the fourth quarter of the fiscal year 2071/72 up from Rs 6.45 crore in the corresponding period of the previous fiscal year 2070/71.
The bank’s net interest income surged to Rs 32.58 crore in the Q4, from Rs 20.31 crore in the corresponding quarter of the previous fiscal year.
The bank has collected Rs. 6.98 arba in deposits. The bank loan and advances boosted to Rs 5.44 arba in Q4 up from Rs 4 arba 77 crore in the corresponding period of the previous fiscal year.
The paid up capital of the bank remains at Rs 6450 crore. Its Earning per Share (EPS) stood at Rs 25.10 and net worth per share is at Rs131.06.
SDBL non-performing loan has dropped from 7.80 % in the corresponding period of the fiscal year 2070/71 to 4.03% in fourth quarter of the last fiscal year 2071/72.
The credit to deposit ratio (CD ratio) of the bank stands at 73.01%.
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Likewise, Kasthamandap Development Bank Limited (KDBL) has reported a profit rise of 88.10 percent in the fourth quarter of the last fiscal year 2071/72.
As per the unaudited quarterly report published today, the development bank has stated that its net profit rose to Rs 7.18 crore in the fourth quarter, up from net loss of Rs 3.82 crore in the corresponding quarter of the previous fiscal year 2070/71.
The bank’s net interest income dropped to Rs 48.46 crore in Q4, from Rs 52.38 crore in the corresponding quarter of the previous fiscal year 2070/71.
The development bank collected Rs 5.12 arba in deposit and extended Rs 3 arba 79 crore in loan as compared to Rs 4 arba 84 crore in deposits and Rs 3 arba 20 crore in loan in the corresponding quarter previous year.
The NPL of the bank stands at Rs 7.95 % in fourth quarter of last Q4 decline from 9.73% in corresponding quarter of the fiscal year 2070/71.Its CD ratio stands at 71.67 %.
It’s EPS stands at Rs 10.57 and net worth per share at Rs 87.85.
