Society & Vibor Dev. Bank reports net profit of Rs 9.83 crore & 6.01 crore respectively in Q2; Merger with each other
Wed, Feb 17, 2016 12:44 PM on Latest, Financial Analysis, Featured,
Society Development Bank Limited (SODBL) has posted outstanding profit growth of 202.05 percent in the second quarter of the current fiscal year.
Publishing the unaudited financial report today, the bank stated that its net profit rose to Rs 9.83 crore in the current fiscal year 2072/73, up from Rs 3.25 crore in the corresponding period of the previous fiscal year 2071/72.
Its net interest income has risen from Rs 11.44 crore in corresponding quarter to Rs 12.37 crore in the current quarter. Society Development Bank’s paid up capital remains at Rs. 89.79 crore
The bank has collected Rs 6.35 arba in the second quarter up from Rs 5.02 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 5.23 arba in Q2 whereas in the same period last year the figure stood at Rs 4.10 arba.
Its non-performing loan (NPL) has drop to 3.30 percent in Q2 up from 5.26 percent in the previous year report.
The bank reserve and surplus increased to Rs 2.27 lakh in Q2 up from loss of Rs 26.91crore in last quarter.
SODBL’s earning per share (EPS) stand at Rs 21.92, net worth per share at 100.03 and the P/E ratio at 6.07 times.
Meanwhile, Vibor Bikas Bank Limited (VBBL) has reported net profit decline by 38.26 percent in the second quarter of the current fiscal year 2072/73. The development bank‘s net profit decreased to Rs 6.01 crore in Q2 from Rs. 9.74 crore compared to the corresponding quarter of the previous fiscal year.
Publishing the unaudited financial report for Q2 today, the development bank’s deposit collection reached to Rs.5.50 arba in the current quarter up from Rs.3.98 arba in last year. Likewise it has floated loans of Rs. 4.31 arba, rising from Rs. 3.27 arba.
The bank’s net interest income has risen to Rs.7.96 crore in Q2 from Rs 5.01 crore in last quarter. Its paid up capital remains at Rs.91.70 crore.
Its non-performing loan (NPL) dropped to 0.64 percent in this quarter from 4.40 percent in the corresponding quarter.
Vibor Bikas Bank’s annualized earning per share (EPS) stands at Rs 14.12, net worth per share is at Rs.81.82 and P/E ratio at 11.58 times.
Society Development Bank and Vibor Bikas Bank have signed a memorandum of understanding (MoU) on December 23, 2015 to enter into a merger process.
Both the banks have scheduled to complete merger process by the end of Ashad 2073. After merger the paid up capital of the merged entity will be Rs 1.81 arba.
Its net interest income has risen from Rs 11.44 crore in corresponding quarter to Rs 12.37 crore in the current quarter. Society Development Bank’s paid up capital remains at Rs. 89.79 crore
The bank has collected Rs 6.35 arba in the second quarter up from Rs 5.02 arba in the corresponding quarter. Likewise, it has extended loans and advances of Rs 5.23 arba in Q2 whereas in the same period last year the figure stood at Rs 4.10 arba.
Its non-performing loan (NPL) has drop to 3.30 percent in Q2 up from 5.26 percent in the previous year report.
The bank reserve and surplus increased to Rs 2.27 lakh in Q2 up from loss of Rs 26.91crore in last quarter.
SODBL’s earning per share (EPS) stand at Rs 21.92, net worth per share at 100.03 and the P/E ratio at 6.07 times.
Meanwhile, Vibor Bikas Bank Limited (VBBL) has reported net profit decline by 38.26 percent in the second quarter of the current fiscal year 2072/73. The development bank‘s net profit decreased to Rs 6.01 crore in Q2 from Rs. 9.74 crore compared to the corresponding quarter of the previous fiscal year.
Publishing the unaudited financial report for Q2 today, the development bank’s deposit collection reached to Rs.5.50 arba in the current quarter up from Rs.3.98 arba in last year. Likewise it has floated loans of Rs. 4.31 arba, rising from Rs. 3.27 arba.
The bank’s net interest income has risen to Rs.7.96 crore in Q2 from Rs 5.01 crore in last quarter. Its paid up capital remains at Rs.91.70 crore.
Its non-performing loan (NPL) dropped to 0.64 percent in this quarter from 4.40 percent in the corresponding quarter.
Vibor Bikas Bank’s annualized earning per share (EPS) stands at Rs 14.12, net worth per share is at Rs.81.82 and P/E ratio at 11.58 times.
Society Development Bank and Vibor Bikas Bank have signed a memorandum of understanding (MoU) on December 23, 2015 to enter into a merger process.
Both the banks have scheduled to complete merger process by the end of Ashad 2073. After merger the paid up capital of the merged entity will be Rs 1.81 arba.
