Western Dev. Bank Q4 earning surges by 12.85% to Rs 4.02 crore ; NPL at 0.16%

Western Development Bank Limited (WDBL) has posted a profit rise of  12.85 percent in the fourth quarter of fiscal year 2072/73. According to the unaudited quarterly report for the fourth quarter published today, the development bank has stated that it has raked in a net profit of Rs 4.02 crore, up from Rs 3.56 crore in the corresponding quarter of the previous fiscal year 2071/72. In the fourth quarter WDBL net interest income has risen to Rs 6.32 crore, up from Rs 5.39 crore in the corresponding quarter. Its paid up capital stands at Rs 15.69 crore. It also mobilized Rs 2.15 arba in deposit and Rs 1.49 arba in loan as compared to Rs 1.68 arba in deposit and Rs 1.11 arba in loan in the corresponding quarter last year. The bank’s non-performing loan (NPL) has dropped to 0.16 percent, down from 0.67 percent in the corresponding period of the previous fiscal year. Its EPS (annualized) now stands at Rs 25.65 and its net worth per share is priced at Rs 115.57. The CD ratio stands at 63.82 %.