Triveni Bikas Bank reports net profit surge by 101%; EPS at Rs 16.53

Triveni Bikas Bank Limited (TBBL) has posted a net profit surge by 101.34 percent in the second quarter of the fiscal year 2073/74. As per the unaudited financial report for the second quarter published today, the development bank has stated that it has accumulated net profit of Rs 11.15 crore in the Q2 up from Rs 5.54 crore in the corresponding period of previous fiscal year report. Its net interest income increased to Rs 26.45 crore in Q2 from Rs 14.12 crore in the corresponding quarter previous year. The bank has collected deposits of Rs 9.59 arba while it has mobilized loans and advances of Rs 8.81 arba in Q2. The deposit and loan amount stood at Rs 8.26 arba and Rs 5.81 arba respectively in the previous year corresponding quarter. Triveni Bikas Bank has a paid up capital of Rs 1.35 arba and reserve of Rs 26.42 crore. It is under merger process with Janata Bank Nepal Limited. The development bank’s NPL has increased to 2.59% from 1.77% in Q2. Its Earnings per Share (annualized) remains at Rs 16.53 and net worth per share stands at Rs 119.57.