Yeti Development Bank Limited (YETI) has reported a decline of net profit by 10.27 percent in the second quarter of the fiscal year 2073/74.
According to the unaudited financial report published by the development bank today, its net profit has decreased to Rs 14.41 crore in the second quarter, down from Rs 16.05 crore in the corresponding quarter of the previous fiscal year 2072/73.
Yeti Development Bank’s net interest income has increased to Rs. 2.39 crore in Q2 up from Rs. 1.17 crore in the corresponding quarter of the previous fiscal year. This suggests that its core business is rising.
Its paid up capital remains at Rs 1.38 arba and has a reserve of Rs 24.25 crore.
Deposits collection reached Rs 12.06 arba in Q2 from Rs 8.76 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 10.08 arba in Q2 whereas in the same period last year the figure stood at Rs 7.09 arba.
Its non-performing loan has decreased to 3.78 percent in Q2 from 7.26 percent in the second quarter of last fiscal year.
Yeti Bikas Bank annualized earning per share (EPS) stand at Rs 20.79, net worth per share at Rs 117.50, and the P/E ratio at 6.52 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
1,386,233.00 |
1,386,233.00 |
0.00% |
| Reserve and Surplus |
242,567.00 |
(208,984.00) |
- |
| Deposits |
12,060,900.00 |
8,768,183.00 |
37.55% |
| Loans and Advances |
10,089,506.00 |
7,098,599.00 |
42.13% |
| Net Interest Income |
239,535.00 |
117,845.00 |
103.26% |
| Provision |
70,038.00 |
71,463.00 |
- |
| Write Back |
94,899.00 |
201,687.00 |
- |
| Operating Profit |
113,168.00 |
(11,022.00) |
- |
| Net Profit |
144,101.00 |
160,595.00 |
-10.27% |
| Capital Adequacy Ratio |
12.25% |
12.10% |
- |
| NPL |
3.78% |
7.26% |
- |
| Base Rate |
9.69% |
9.15% |
- |
| CD Ratio (as per NRB) |
73.74% |
73.83% |
- |
| EPS (Annualized) |
20.79 |
23.17 |
-10.27% |
| PE Ratio |
6.52 |
|
|
| Networth Per Share |
117.50 |
|
|
