Kathmandu. Prabhu Bank Last Fiscal Year 2082. The financial statements for the first quarter of 83 years (July-September) have been made public.
According to the financial report, the bank has earned a net profit of Rs 55.84 crore in the first three months of the current FY. Previous fiscal year 2081. In the first quarter of the current fiscal year, the bank earned a net profit of Rs 1.04 billion. The profit of the bank decreased by 46.33 percent compared to the previous year.
The bank’s distributable profit stood at Rs 40.60 crore in the review period. The bank has the capacity to distribute 1.72 percent dividend till the first quarter. The dividend ratio of the bank was 0.59 percent in the same period last year.
The bank’s operating profit stood at Rs 1.17 billion as of mid-September of the current fiscal year. Operating profit was Rs. 1.40 billion in the same period a year ago. The operating profit of the bank also declined by 16.52 percent.
The bank has earned Rs 2.89 billion in interest income till mid-October. The bank had posted a net profit of Rs 2.62 billion in the same period last year. Interest income increased by 10.14 percent in the review period compared to the previous year.
The bank has a paid-up capital of Rs 23.54 billion with rated earnings of Rs 406 million and reserve capital of Rs 14.55 billion. Last year, the retained earnings stood at Rs 1.04 billion and the reserves stood at Rs 13.55 billion.
During the review period, the bank collected deposit of Rs 345.17 billion and extended loan of Rs 230.85 billion. As of mid-July 2018, the bank collected deposit of Rs 342.18 billion and extended loan of Rs 230.37 billion.
The NPL ratio of the bank has increased to 5.78 percent in the current fiscal year. The NPL of the bank was 4.94 percent in the same period last year.
In the first quarter of the current FY, the bank’s annual earnings per share (EPS) has decreased to Rs 9.49. EPS was Rs. 17.68 in the same period a year ago. The bank’s net worth per share is Rs 163.55 with a P/E ratio of 20.87 times.
