Second quarter financial condition of six development banks

Kathmandu February 14- Manaslu Development Bank

Operating with paid up capital of Rs. 183.5 million, net profit of Manaslu Development Bank has increased by 48.34% to Rs. 16.3 million in second quarter of current FY which was Rs. 11 million in corresponding period of previous FY.

 Deposit of the bank has increased by 53.32% to Rs. 1 billion 567.4 million while bank has invested Rs. 1 billion 333.5 million in loan and advance. Bank's net interest income has increased by 50% to Rs. 42.9 million and operating profit has increased by 47.05% to Rs. 25.7 million. bank has maintained Rs. 2.4 million in its provision.

Bank has risky asset of 13.95%. EPS of the bank is Rs. 17.84 and P/E ratio is 14.52 times.

Subhechha Development bank

Operating with paid up capital of Rs. 156.9 million, net profit of SubhechhaDevelopment Bank has increased by 25% to Rs. 10.5 million in second quarter of current FY which was Rs. 8.3 million in corresponding period of previous FY.

 Deposit of the bank has increased by 38% to Rs. 2billion 89.7 million while bank has invested Rs. 1 billion 432.1 million in loan and advance. Bank's net interest income has increased by 18.51% to Rs. 32.3 million and operating profit has increased by 36.36% to Rs. 15.6 million. Bank has maintained Rs. 3.1 million in its provision and has recovered Rs. 600 thousands bad debts.

Bank has risky asset of 11.98% and bad debt of 1.09%. EPS of the bank is Rs. 13.39 and P/E ratio is 23.45 times.

Infrastructure Development bank

Operating with paid up capital of Rs. 940.9 million, net profit of Infrastructure Development Bank has increased by 14.58% to Rs. 55.5 million in second quarter of current FY which was Rs. 48.4 million in corresponding period of previous FY.

 Deposit of the bank has increased by 17.73% to Rs. 5 billion 205.8 million while bank has invested Rs. 4 billion 132.8 million in loan and advance. Bank's net interest income has increased by 7.6 % to Rs. 113.8 million and operating profit has increased by 54.28% to Rs. 54.5 million. Bank has maintained Rs. 12.7 million in its provision and has recovered Rs. 31.9 million bad debts.

Bank has risky asset of 20.59% and bad debt of 1.70%. EPS of the bank is Rs. 5.91 and P/E ratio is 33.16 times.

Cosmos Development Bank

Operating with paid up capital of Rs. 43.7 million, net profit of Cosmos Development Bank has increased by 59.23% to Rs. 5.9 million in second quarter of current FY which was Rs. 3.7 million in corresponding period of previous FY.

 Deposit of the bank has increased by 46 % to Rs. 511.1 million while bank has invested Rs. 437.2 million in loan and advance. Bank's net interest income has increased by 27.27 % to Rs. 14.8 million and operating profit has increased by 50 % to Rs. 8.7 million. Bank has maintained Rs. 2.1 million in its provision and has recovered Rs. 50 million worth of bad debts.

Bank has risky asset of 12.61% and bad debt of 0.76%. EPS of the bank is Rs. 27.09 and P/E ratio is 12.37 times.

Alpine Development Bank

Operating with paid up capital of Rs. 118 million, net profit of Alpine Development Bank has increased by 10.14 % to Rs. 14.4 million in second quarter of current FY which was Rs. 13.1 million in corresponding period of previous FY.

 Deposit of the bank has increased by 32.29 % to Rs. 1 billion 247.4 million while bank has invested Rs. 1 billion 19.1 million in loan and advance. Bank's net interest income has increased by 15.15% to Rs. 38.3 million and operating profit has decreased by 26.07 % to Rs. 13.9 million. Bank has maintained Rs. 14.8 million in its provision and has recovered Rs. 8.7 million worth of  bad debts.

Bank has risky asset of 17.25% and bad debt of 4.19 %. EPS of the bank is Rs. 12.27  and P/E ratio is 27.63 times.

Business Universal Development Bank

Operating with paid up capital of Rs. 1 billion 56.2 million, net profit of Business Universal Development Bank has increased by 95.12 % to Rs. 80.1 million in second quarter of current FY which was Rs. 41.6 million in corresponding period of previous FY.

 Deposit of the bank has increased by 25.89% to Rs. 6 billion 880.3 million while bank has invested Rs. 5 billion 7.2 million in loan and advance. Bank's net interest income has increased by 26.16 % to Rs. 135.8 million and operating profit has increased by 44.44% to Rs. 91 million.

Bank has risky asset of 17.12 % and bad debt of 1.63 %. EPS of the bank is Rs. 15.18 and P/E ratio is 17.72 times.