Western Dev earned Rs 3.56 crore in 71/72 FY; EPS stands Rs 27.27
Fri, Jul 31, 2015 12:00 AM on Others,
ShareSansar, July 31, 2015
Western Development Bank Limited (WDBL) has piled up its net profit by 71.01% in the fourth quarter of the last fiscal year 2071/72.
As per the unaudited fourth quarterly report published today, the development bank has collocated a net profit of Rs 3.56 crore, up from Rs 2.08 crore in the corresponding period of the previous fiscal year.
In the last fourth quarter, the development bank’s net interest income rose to Rs 5.39 crore from 3.19 crore of the corresponding period.
In the last Q4 it has mobilized Rs1 arba 68 crore in deposits opposing to Rs 1 arba 33 crore in the corresponding period of the previous fiscal year. Likewise the development bank has collected Rs 1 arba 11 crore in loan and advances in Q4 as compared to 86.16 crore in the corresponding period of the previous fiscal year.
The bank’s Nonperforming loan dropped to 0.67% in the last Q4 from 0.93 % in the corresponding period of the previous fiscal year.
It’s earning per share (EPS) stands at Rs 27.27 along with net worth per share priced at Rs 139.48.The CD ratio stands at 59.49%.
Likewise the paid up capital of the development bank in last Q4 is 13 crore with slight improvement from 10 crore in the corresponding period of the previous fiscal year.
The bank is one of the largest regional development banks in Nepal having owing 10 branches under its name.
