The soon to be merged BFI Janata Bank reports Rs 1.30 arba profit right before the merger

Thu, Aug 15, 2019 2:22 PM on Financial Analysis, Stock Market, Latest,

Janata Bank Limited (JBNL) has published its fourth quarter report for the FY 2075/76 with an outstanding 34% growth in net profit.

The bank’s profit has increased from Rs 1.00 arba in the fourth quarter of the fiscal year 2074/75 to Rs 1.34 arba in the fourth quarter of the fiscal year 2075/76. In the same quarter, the bank has Rs 97.26 crore as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders.

The bank’s deposit rises by 30.33% to Rs 76.01 arba whereas loans and advances have also increased by 26.61% to Rs 66.84 arba in the fourth quarter. The net interest income (core business income) of the bank has also increased by an outstanding 42.08% to Rs 3.41 arba from Rs 2.40 arba of the corresponding quarter.

Gl0bal IME Bank Limited and Janata Bank Limited are currently in the process of big merger.

The bank’s paid up capital stands at Rs 8 arba with Rs 1.70 arba as its reserve. The Non-Performing Loan (NPL) has decreased to 1.11%.

In the fourth quarter, the annualized EPS of the bank stands at Rs 16.81. The net worth per share stands at Rs 133.54 and quarter end PE ratio stands at 12.73 times.