Kathmandu. Agriculture Development Bank last fiscal year 2081. Financial statements for the fourth quarter of 82 have been made public.
According to the financial statement, the bank earned a profit of Rs 4.15 billion in the last fiscal year. The previous fiscal year 2080. The bank had posted a net profit of Rs 2.89 billion in 2018-19. In this way, the bank’s profit has increased by 43.38 percent compared to the previous year.
In the review year, the bank’s distributable profit stood at Rs 2.87 billion. The bank has the capacity to share 18.42 percent dividend.
In the review year, the operating profit of the bank increased to Rs 5.84 billion. In the previous fiscal year, the operating profit was Rs 4.13 billion. The operating profit of the bank also increased by 41.27 percent.
In the fourth quarter of the last fiscal year, the bank earned Rs 9.82 billion in interest income. In the same period last year, the bank had earned Rs 10.55 billion in interest income. Interest income decreased by 6.93 percent.
With a paid-up capital of Rs 19.28 billion, the bank’s retind earnings are negative by Rs 2.87 billion and reserves are Rs 16.99 billion. In the previous fiscal year, the retained earnings stood at Rs 2.13 billion and reserves at Rs 15.11 billion.
In the review year, the bank collected deposits of Rs 293.57 billion and invested Rs 213.14 billion in loans. In the previous fiscal year, the bank collected deposits of Rs 243.62 billion and invested Rs 203.61 billion in loans.
The bank’s bad loan ratio (NPL) declined to 3.26 per cent in the review year. The bank’s NPL stood at 3.91 per cent in the same period last year.
The bank’s annualised earnings per share (EPS) increased to Rs 27.63. Last year, the EPS was Rs 18.56. The bank has a net worth of Rs 241.04 per share with a PE ratio of 11.84 times.
