Net profit of Kalinchowk development bank increased by 266%

Kathmandu November 4- Net profit of Kalinchowk Development bank has increased by 266.67% in the first quarter of current fiscal year 2072/73. It has earned Rs. 3 million 158 thousand which was Rs. 861 thousands in the same period of last FY.

Deposit of bank has increased by 74.57% to Rs. 349 million 553 thousands from Rs. 200 million 232 thousands of last year. Lending has also increased by 40.33% to Rs. 257 million 489 thousands from Rs. 193 million 475 thousands last year.

In the first quarter, net interest income has boosted by 72.39% to Rs. 6 million 10 thousands. Similarly, interest income has increased by 81.53% and interest expense has increased by 89.91%. Operating profit has taken a leap by 201.70% to Rs. 4 million 84 thousands which was Rs. 1 million 353 thousands last FY.

According to the financial statement of first quarter, bad debt has increased by 0.24% to 1%. Risky assets have decreased by 44.50% to 33.91%. EPS of share is Rs. 3.16. P/E ratio stands on 63.32 times, net worth per share rested on 113.73 whereas liquidity ratio is 56.97%.