TDBL profit accelerates by 54.86 %; Gandaki Bikas NPL decreases from 16% to 0.13% in Q4

ShareSansar, August 10:

Tourism development Bank Limited (TDBL) has shown remarkable progress in net profit with 54.86 percent in the fourth quarter of the last fiscal year 2071/72.

The development bank has stated that it has earned a net profit of Rs 14.36 crore in the fourth quarter, up from Rs 9.27 crore in the corresponding quarter of the last fiscal year 2070/71.

The bank net interest income has risen to Rs 30.09 crore, up from Rs 23.61 crore in the corresponding quarter. It’s paid up capital remains at Rs 67.84 crore.

It has collectedRs 6.19 arba in deposits and extended loans of Rs 5.11 arba compared to Rs 4.50 arba in deposits and Rs 3.68 arba in loans in the corresponding quarter of previous year.

The bank’s non-performing loan has dropped to 2.19 percent in Q4 from 2.69 percent in the same period of the previous fiscal year.

Its EPS now stands at Rs 21.18 and net worth per share at Rs 131.52.

Similarly, Gandaki Bikas Bank Limited (GDBL) has reported net profit rise of 37.66 percent in the fourth quarter of the last fiscal year 2071/72.

As per unaudited quarterly report published today, the development bank has stated that it has earned a net profit of Rs 10.88 crore in the fourth quarter, up from Rs 7.91 crore in the corresponding quarter of the last fiscal year 2070/71.

The bank net interest income has surged to Rs 22.48 crore, up from Rs 15.23crore in the corresponding quarter. It’s paid up capital remains at Rs 35.20 crore.

It has mobilized Rs 4.51arba in deposits and extended loans of Rs 3.84 arba compared to Rs 3.10 arba in deposits and Rs 2.64arba in loans in the corresponding quarter of previous year.

The bank’s non-performing loan (NPL) has dropped to 0.13 percent in Q4 from 16 percent in the same period of the previous fiscal year.

It’s EPS and net worth stands at Rs 30.94 and Rs 148.32 respectively.