Second quarter financial report of Kasthamandap Development Bank and Triveni development bank

Kathmandu February 4- With the paid up capital of Rs. 670 million, Kasthamandap development bank's net profit has outgrown by 5 times to Rs. 157.2 million in the second quarter of current FY which was Rs. 20 million in the corresponding period of current FY.

Deposit of the bank has increased by 20.22% to Rs. 5 billion 853.9 million in the second quarter from which bank has invested Rs. 4 billion 583.9 million which is 47.53% growth than the last year's corresponding period. Net interest income has also boosted by 40% to Rs. 122.2 million. During the reviewing period, operating profit has increased by 3 times to Rs. 69 million. Bank has been able to recover Rs. 155.6 million bad debt during the period.

Bank has risky assets of 13.56% and bad debt of 3%. EPS of the bank is Rs. 23.12, P/E ratio is 8.09 times, liquidity ratio is of 30.11 times and net worth per share of Rs. 111.57.

Likewise, operating with paid up capital of Rs. 820 million, Triveni development bank's net profit has increased by 52.07% to Rs. 55.4 million in the second quarter of current FY which was Rs. 36.4 million in the corresponding period of current FY.

Deposit of the bank has increased by 68.82% to Rs. 8 billion 263.8 million in the second quarter from which bank has invested Rs. 5 billion 815.8 million which is 52.10% growth than the last year's corresponding period. Net interest income has also boosted by 39.06% to Rs. 141.2 million. During the reviewing period, operating profit has increased by 46.11% to Rs. 82 million.

Bank has risky assets of 13.85% and bad debt of 1.77%. EPS of the bank is Rs. 13.52, P/E ratio is 19 times, liquidity ratio is of 39.18 % and net worth per share of Rs. 121.20.