Vibor Society Development Bank Limited (VSDBL) has posted a net profit increase by 105.36% for the second quarter (Q2) of the fiscal year 2073/74. The development bank has earned Rs 11.23 crore in Q2 compared to Rs 5.47 crore in the corresponding quarter of the previous fiscal year.
Publishing the unaudited financial report for the second quarter today, VSDBL stated that its net interest income increased to Rs 29.22 crore in Q2 up from Rs 7.96 crore in the previous fiscal year.
Its paid up capital remains at Rs 1.81 arba with reserve of Rs 10.99 crore.
The bank has collected deposits of Rs 15.39 arba in Q2 compared to Rs 5.50 arba in the corresponding quarter last year. Likewise, it has disbursed loans of Rs 13.21 arba, up from Rs 4.31 arba.
The non-performing loan (NPL) has rises to 2.17 percent in Q2 from 0.64 percent in the corresponding quarter.
Annualized earning per share (EPS) of the bank now stands at Rs 12.38, net worth per share at Rs 106.06 and PE ratio at 14.94 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
1,815,004.00 |
917,074.00 |
97.91% |
| Reserve and Surplus |
109,920.00 |
(166,719.00) |
- |
| Deposits |
15,390,372.00 |
5,508,575.00 |
179.39% |
| Loans and Advances |
13,216,498.00 |
4,316,049.00 |
206.22% |
| Net Interest Income |
292,284.00 |
79,635.00 |
267.03% |
| Provision |
48,027.00 |
4,213.00 |
- |
| Write Back |
- |
22,759.00 |
- |
| Operating Profit |
115,921.00 |
32,261.00 |
- |
| Net Profit |
112,353.00 |
54,710.00 |
105.36% |
| Capital Adequacy Ratio |
13.72% |
12.60% |
- |
| NPL |
2.17% |
0.64% |
- |
| Base Rate |
9.33% |
9.41% |
- |
| CD Ratio (as per NRB) |
77.10% |
70.88% |
- |
| EPS (Annualized) |
12.38 |
11.93 |
3.76% |
| PE Ratio |
14.94 |
|
|
| Networth Per Share |
106.06 |
|
|
