Lumbini Bank earned Rs. 80 million net profit

Kathmandu November 16- With the paid up capital of Rs. 2billion, Lumbini Bank succeeded to earn Rs. 83.9 million net profit in the first quarter of current fiscal year which is 4.08% growth than the corresponding period of last FY which was Rs. 80.6 million.

Reserve of bank has increased by 55.22% to Rs. 973.6 million from Rs. 627.2 million last year. Collection of deposit has increased by 19.95% to Rs. 20 billion 457 million from Rs17 billion 54.3 million last FY. Loan investment has also increased by 20.04% to Rs. 17billion 746 million from Rs. 14 billion 783.3 million last FY. In the first quarter of current fiscal year, net interest income has increased by 4.39% to Rs. 157.5 million. Interest income and interest expenses of the bank have increased by 11.88% and 16.85% respectively. Similarly, operating profit has increased by 17.84% to Rs. 72.3 million. Provision of Rs. 60 million has kept in the balance and bad debt of Rs. 50 million has been recovered.

EPS of the bank (annual) is Rs. 16.78, P/E ratio (annual) is 23.78 times and net worth per share is Rs. 148.66. Likewise, liquidity ratio of bank stands on 26.36%.  Bad debt of the bank has decreased by 0.04% to 1% and risky assets have decreased by 1.54% to 14.40%. In the fourth quarter of the FY 2071/72, bank distributed 15% bonus share to its shareholders.