25% Bonus share of Birat Laxmi approved, Net profit boosted by 64%

Kathmandu November 10- NRB approved 25% bonus share proposal of Birat Laxmi Development Bank Ltd. After the approval of NRB, the proposal is subjected to approve from forthcoming AGM, after which shareholders of Birat Laxmi would get 25% of bonus share.

In the first quarter of current FY, Net profit of Birat Laxmi has increased by 64.32% to Rs. 13 million 39 thousands which was Rs. 7.9 million  in the corresponding quarter of last FY.

Net interest income of bank has increased by 22.86% to Rs. 45.5 million which was Rs. 37 million last year.

According to the first quarter financial statement, EPS of the bank is Rs. 15.33, P/E ratio is 23.95 times, net worth per share is Rs. 151.98 and liquidity ratio is 46.85 times. Similarly, bad debt of the bank has decreased by 1.40% to 1.31% and risky assets have increased by 13.62% to 14.06%.