Net profit of Dev Development bank diminish by 56.58%

Kathmandu February 21- Net profit of Dev development bank has decreased  by 56.58% to Rs. 56.3 million in the second quarter of current FY which was Rs. 129.4 million in the corresponding period of previous FY.

Deposit collection of the bank has increased by 43.91% to Rs. 6 billion803.9 million while its loan and advance has increased by 69.74% to Rs. 5 billion398.8 million. Net interest income of the bank has increased by 57.73% to Rs. 88.1 million and operating profit has decreased by 58.09% to Rs. 88.1 thousands. Bank has provision of 2.7 million.

In the second quarter, EPS of the bank is Rs. 13.78, P/E ratio of 13.50 times, net worth per share of Rs. 131.88 and liquidity ratio of 10.40 times. Bank has risky asset of 15.92% and bad debt of 4.79%