Kathmandu. Jyoti Bikas Bank has published its financial results for the third quarter of the current fiscal year. The bank has published its unaudited financial statements for the third quarter of the current fiscal year 2082/83.
The bank has earned a net profit of Rs 62.94 crore in the third quarter. The bank had posted a net profit of Rs 30.66 crore in the same period of the previous year. The profit of the bank increased by 105.30 percent in the review period compared to the previous year.
During the review period, the bank’s operating profit stood at Rs. 89.90 crores. The bank had posted a net profit of Rs 43.79 crore in the same period last year. Operating profit has also increased by 105.34 percent compared to the previous year. In the first half of the current FY, the bank’s net interest income stood at Rs 1.59 billion. It was 0.78 percent higher than the previous year. The bank had posted a net profit of Rs 1.58 billion in the same period last year.
As of mid-April, the distributable profit of the bank stood at Rs 43.48 crore. In the previous year, the bank’s distributable profit was negative at Rs 56.87 crore. The bank has a paid-up capital of Rs 4.39 billion with negative earnings of Rs 43.48 crore and reserve of Rs 3.22 billion. As of mid-July of the previous year, the bank’s retained earnings stood at Rs 99.94 crore and reserve stood at Rs 3.23 billion.
Similarly, the bank collected deposit of Rs 64.49 billion and extended loan of Rs 47.98 billion till mid-April of the current FY. As of mid-July of the previous year, the bank collected deposit of Rs 60.48 billion and extended loan of Rs 45.23 billion. As of mid-April, the bank’s bad loans have increased to 2.36 percent. The NPAs stood at 1.37 per cent in the same period a year ago.
The bank’s annualized earnings per share (EPS) has increased to Rs. 19.09 during the review period. The EPS of the bank was Rs 9.30 in the same period of the previous year. The bank has a PE ratio of 19.43 times and a net worth per share of Rs 163.43.
