Kathmandu. Green Development Bank last fiscal year 2081. The financial statements for the fourth quarter of 2018-19 have been made public.
According to the financial statement, the bank earned a profit of Rs 69.4 million in the last fiscal year. The previous fiscal year 2080. The bank had posted a net profit of Rs 38.6 million in 2017-19. In this way, the bank’s profit has increased by 79.53 percent compared to the previous year.
In the review year, the bank’s distributable profit stood at Rs 60.7 million. In the previous fiscal year, the bank’s net profit stood at Rs 131.8 million. In the review year, the bank’s ability to distribute dividends was 10.67 percent.
In the review year, the operating profit of the bank increased to Rs 98.7 million. In the previous year, the operating profit was limited to Rs 57.1 million. The operating profit of the bank also increased by 72.79 percent.
In the last fiscal year, the bank earned Rs 202 million in interest income. In the previous fiscal year, the bank had earned Rs 171.6 million in interest income. Interest income increased by 17.73 percent.
With a paid-up capital of Rs 569.6 million, the bank’s rated earnings and reserve size have increased to Rs 60.7 million and Rs 65.1 million, respectively. Last year, the retained earnings and reserves stood at Rs 37.9 million and Rs 51.6 million, respectively.
In the review year, the bank collected deposits of Rs 6.37 billion and invested Rs 4.73 billion in loans. In the previous fiscal year, the bank collected deposits of Rs 4.97 billion and invested Rs 3.94 billion in loans.
In the review year, the bank’s bad loan ratio (NPL) increased to 3.33 percent. In the same period last year, the bank’s NPL was 3.18 percent.
The bank’s annualised earnings per share (EPS) increased to Rs 12.18. Last year, the EPS was limited to Rs 7.18. The bank has a net worth of Rs 122.11 per share with a PE ratio of 122.07 times.
