Kakrebihar Development Bank earned Rs. 500 thousands net profits

Kathmandu November 9- With the paid up capital of Rs. 37.9 million, Kankrebihar Development  Bank earned Rs. 500 thousands net profit in first quarter of current FY which is 116.81% growth  than the profit earned in the same period of last FY which was Rs. 200 thousands.

Deposit of bank has increased by 26.33% to Rs 697.7 million which was Rs. 552.3 million last FY. Similarly, lending has increased by 10.05% to Rs. 369.3 million from Rs. 335.6 million last year. Net interest income has also increased by 53.89% to Rs. 3.5 million which was Rs. 2.3 million last year. Operating loss of the bank amounts to Rs. 1 million whereas in the corresponding quarter of last FY, it earned 300 thousands profit.

According to the financial statement of the first quarter, EPS of the bank is Rs. 2.08, P/E ratio is 192.30 times, net worth per share is Rs. 102.08 and liquidity ratio is 52.27%.

In the first quarter of the current FY, risky assets have increased by 0.14% to 12.19.

Likewise, with the paid up capital of Rs. 340 million, net profit of Kamana Development Bank has increased by 38.78% to Rs. 21.2 million in first quarter of current FY which was Rs. 15.3 million in the same period of last FY.

Deposit of bank has increased by 18.38% to Rs 3 billion 189 million which was Rs. 2 billion 694 million last FY. Similarly, lending has increased by 18.73% to Rs. 2 billion 562.7 million from Rs. 2 billion 150 million last year. Net interest income has also increased by 32.81% to Rs. 41.3 million which was Rs. 31.1 million last year. Operating profit of the bank increased by 38.72% to Rs. 33.4 million from Rs. 24.1 million last year.

According to the financial statement of the first quarter, EPS of the bank is Rs. 6.23, risky assets have increased by 0.39% to 14.22% and bad debt has increased by 0.52% to 0.87%.