Sindhu, Shangri-la, Kailash & Lumbini Bikas Bank reports outstanding progress in Q4

Sindhu Bikas Bank Limited, Shangri-La Bikas Bank Limited, Kailash Bikas Bank Limited and Lumbini Bikas Bank Limited have published their fourth quarter report for the last fiscal year 2073/74.  According to unaudited financial statement published by the development banks today, its net profit have increased by 36.68%, 59.55, 50.99% and 17.28% respectively in Q4 Sindhu Bikas Bank net profit has increased to Rs 3.72 crore in fourth quarter, up from Rs 2.72crore in the corresponding quarter of the previous fiscal year 2072/73. Sindhu Bikas Bank has collected deposits of Rs 1.90 arba in fourth quarter from Rs 1.18 arba in the corresponding quarter of last fiscal year. Likewise, the bank extended loans and advances of Rs 1.39 arba in the Q4 whereas in the same period last year the figure stood at Rs 88.89 crore. The net interest income of the development bank has reached Rs 9.99 crore in Q4 of FY 2073/74 up from Rs 6.83 crore in the previous FY 2072/73. Sindhu Bank has a paid up capital of Rs 26.21 crore with reserve of Rs 6.99 crore. The development bank  annualized earning per share (EPS) stands at Rs 14.20 , net worth per share is at Rs 126.68, P/E ratio at 25.77 times. SINDU had issued 16.8% bonus shares from the profit it has earned in the FY 2072/73 and endorsed 80% right shares. The right issue is seeking approval from board for approval. After issuance of 80% right share, its paid up capital will reach Rs 47.19 crore. As per NRB’s directive for all 1-3 district level development banks to increase their paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74, SINDU will need to issue a further capital hike of around 6%. Major Highlights:

Indicators (Rs in "000")	FY 2073/74 Q4	FY 2072/73 Q4	Growth (%)
Paid Up Capital	262,193	120,938	116.80
Reserve and Surplus	69,966	35,934	94.71
Deposits	1,905,605	1,188,421	60.35
Loans and Advances	1,397,921	888,953	57.25
Net Interest Income	99,980	68,394	46.18
Provision	7,447	943	689.97
Write Back	-	-	#DIV/0!
Operating Profit	58,516	42,813	36.68
Net Profit	37,238	27,245	36.68
Capital Adequacy Ratio (%)	19.91	16.56	20.23
NPL (%)	0.84	1.18	(28.81)
CD Ratio (as per NRB) )%)	63.64	67.51	(5.73)
Base Rate	10.72	-	#DIV/0!
EPS (Annualized)	14.20	22.53	(36.96)
Networth Per Share	126.69	129.71	(2.33)
P/E Ratio	25.77

  Likewise, Shangri-La Development Bank Limited (SADBL) net profit now stands at 34.37 crore. Its operating income has also increased by 70% to Rs 53.12 crore. As of Q4, Shangri-La Development Bank’s deposit base stands at a staggering Rs 13.87 arba. Out of this, it has floated loans of Rs 11.66 arba. With 27.48% increase in floated loans, it has been able to increase its net interest income by 49.03% to Rs 271.24 crore . Its CCD ratio stands at 73.87%. SADBL’s non-performing loan decreased to 0.6% in Q4 from 1.18% last year. Its paid up capital now stands at Rs 1.35 arba with net worth of Rs 142.39 per share. The bank reserve and surplus rises by whopping 186.27% to Rs 57.58 crore in Q4 from Rs 20.11 crore in the corresponding quarter. SADBL had also endorsed 80% right share in its AGM agenda after acquisition process with Cosmos Development Bank Limited, the company will further issue 80% right share i.e Rs 1.08 arba, after which SADBL’s paid up will reach Rs 2.44 arba. As per NRB’s monetary policy, SADBL should increase its paid up capital to a minimum of Rs 2.50 arba by the end of FY 2073/74. After the issuance of 80% right share, the bank should issue a further Rs 6 crore capital increment.   Major Highlights:  

Paid Up Capital	1,358,475	1,149,222	18.21
Reserve and Surplus	575,857	201,159	186.27
Deposits	13,872,840	10,361,018	33.89
Loans and Advances	11,667,323	9,152,467	27.48
Net Interest Income	712,419	478,037	49.03
Provision	19,616	36,221	(45.84)
Write Back	-	134	(100.00)
Operating Profit	531,256	312,500	70.00
Net Profit	343,745	215,446	59.55
Capital Adequacy Ratio (%)	16.86	12.71	32.65
NPL (%)	0.60	0.65	(7.69)
CD Ratio (as per NRB) )%)	73.87	78.26	(5.61)
Base Rate	11.10	9.31	19.23
EPS (Annualized)	25.30	18.75	34.97
Networth Per Share	142.39	117.50	21.18
P/E Ratio	14.70

  Similarly, Kailash Bikas Bank has net profit of Rs.50.26 crores in the Q4 of fiscal year 2073/74, up from Rs.33.28 crores in the corresponding quarter of fiscal year 2072/73. KBBL has a paid up capital of Rs 2.29 arba with reserve of Rs 98.73 crores in Q4 of the fiscal year 2073/74. As of Q4, Kailash Bikas Bank’s deposit base stands at Rs 17.17 arba. Out of this, it has floated loans of Rs 15.04 arba. The bank’s net interest income stands at 87.76 crores in the fourth quarter compared to Rs 60.05 crores of the corresponding quarter of the previous fiscal year. Likewise, EPS has risen to Rs 21.93 from Rs 16.85. Meanwhile, the non-performing loan has slightly increased from 0.79% in the corresponding quarter of the previous fiscal year to 0.88% in the fourth quarter last fiscal year. Major Highlights:

Paid Up Capital	2,291,487	1,975,420	16.00
Reserve and Surplus	987,366	469,086	110.49
Deposits	17,177,628	15,070,693	13.98
Loans and Advances	15,041,840	13,506,005	11.37
Net Interest Income	877,658	600,579	46.14
Provision	33,624	73,712	49,393.00
Write Back	28,760	29,060	(1.03)
Operating Profit	636,855	423,976	189,196.00
Net Profit	502,624	332,877	50.99
Capital Adequacy Ratio (%)	20.12	17.60	14.32
NPL (%)	0.88	0.79	11.39
CD Ratio (as per NRB) )%)	73.59	78.55	(6.31)
Base Rate	11.56	8.84	30.77
EPS (Annualized)	21.93	16.85	30.17
Networth Per Share	143.09	123.75	15.63
P/E Ratio	14.91	19.58	(23.85)

  Lumbini Bikas Bank’s  net profit has surged to Rs 37.69 crore in fourth quarter, up from Rs 32.13 crore in the corresponding quarter of the last fiscal year 2072/73. Likewise, the operating profit also increased to Rs 45.59 crorein from Rs 22.44 crore. However, its earnings per share (EPS) in the corresponding quarter was Rs 17.71 while in the fourth quarter its EPS has uplifted to Rs 18.76. Its net worth per share stand at 147.25 per share and P/E ratio is at 8.95. LBBL’s net interest income has increased to 80.27 crore in the fourth quarter as compared to Rs 50.72 crore  in the corresponding quarter last year. Its deposits collection increased by 27.44% to Rs 17.92 arba in Q4 from Rs 14.06 arba in the corresponding period last year. Likewise, it has also been able to increase its loan by 37.06%. Up to the end of Q4, its extended loans and advances was Rs 15.63 arba whereas in the same period last year, the figure stood at Rs 11.41 arba. Its non-performing loan has slightly increased in this fiscal year from 1.39% to 2.73%. Its paid up capital now stands at Rs 2 arba. LBBL managed to increase its reserve from negative 32.57 lakh in corresponding quarter to 94.92 crore  in Q4. Recently, trading of Lumbini Bikas Bank Limited has resumed in Nepal Stock Exchange (NEPSE) after its successful merger between Vibor Society Development Bank and Lumbini Finance and Leasing Company Limited. Major Highlights:  

Indicators (Rs in "000")	FY 2073/74 Q4	FY 2072/73 Q4	Growth (%)
Paid Up Capital	2,008,878	1,815,004	10.68
Reserve and Surplus	949,257	(3,257)	29,245.13
Deposits	17,928,045	14,067,429	27.44
Loans and Advances	15,639,584	11,411,116	37.06
Net Interest Income	802,792	507,267	58.26
Provision	10,857	73,712	(85.27)
Write Back	15,561	254,358	(93.88)
Operating Profit	455,985	224,418	103.19
Net Profit	376,949	321,399	17.28
Capital Adequacy Ratio (%)	17.31	13.37	29.47
NPL (%)	2.73	1.39	96.40
CD Ratio (as per NRB) )%)	75.66	72.62	4.19
Base Rate	12.31	9.00	36.78
EPS (Annualized)	18.76	17.71	5.96
Networth Per Share	147.25	99.82	47.52
P/E Ratio	8.95	6.4	39.84