Tourism Development Bank Limited (TDBL) has posted a net profit increase of 103.47% in the second quarter of the fiscal year 2073/74.
As per the
quarterly statement published by the development bank today, its net profit has increased to Rs 14.63 crore, up from Rs 7.19 crore in the corresponding quarter of the last fiscal year. Its reserve has also increased massively by 191.89% (more than 2.9 times) to Rs 48.69 crore.
As of the end of Q2 of the FY 2073/74, it has been able to increase its deposit base to Rs 10.74 arba and float loans of Rs 9.24 arba. These figures are 50.55% and 61.86% higher than in the corresponding quarter of the last fiscal year. Its CD ratio stands at 79.48%.
TDBL has also been able to reduce its non-performing loan from 2.02% to 1.30%. Its annualized EPS stands at Rs 31.83, net worth per share at Rs 152.94 and paid up capital at Rs 91.97 crore.
TDBL has provided 19.8% bonus share from the profits it made in FY 2072/73. Its trading
is currently in halt as it is undergoing merger with Mega Bank Nepal Limited. It is issuing a
further 100% right before the merger. After the merger with MEGA (which is issuing a further 65% right), the paid up capital of the merged entity will reach Rs 9.48 arba.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
919,771.00 |
786,944.00 |
16.88% |
| Reserve and Surplus |
486,902.00 |
166,809.00 |
191.89% |
| Borrowings |
590,000.00 |
- |
- |
| Deposits |
10,741,384.00 |
7,134,808.00 |
50.55% |
| Loans and Advances |
9,241,797.00 |
5,709,863.00 |
61.86% |
| Net Interest Income |
268,474.00 |
137,625.00 |
95.08% |
| Provision |
49,520.00 |
26,780.00 |
84.91% |
| Write Back |
42,238.00 |
7,378.00 |
472.49% |
| Operating Profit |
188,194.00 |
105,538.00 |
78.32% |
| Net Profit |
146,381.00 |
71,942.00 |
103.47% |
| Capital Adequacy Ratio |
13.33% |
13.62% |
- |
| NPL |
1.30% |
2.02% |
-35.64% |
| Cost of Fund |
5.46% |
5.19% |
|
| EPS (Annualized) |
31.83 |
18.28 |
74.09% |
| Networth Per Share |
152.94 |
|
|
