Kathmandu. Kamana Service Development Bank for the current fiscal year 2081. It has made public the unaudited financial statements up to the third quarter of 2018.
According to the financial statement, the bank has earned a profit of Rs 493.1 million in the review period. In the same period last year, the company had earned a profit of Rs 331.3 million. In this way, the bank’s profit has increased by 48.83 percent compared to the previous year.
During the review period, the bank’s net profit stood at Rs 495.8 million. The bank’s net profit stood at Rs 287.3 million in the same period last year. During the review period, the bank has a dividend capacity of 18.98 percent.
The operating profit of the bank has increased to Rs 71.61 crore. In the previous year, the operating profit was limited to Rs 540 million. The operating profit of the bank also increased by 32.44 percent.
In the third quarter of the current fiscal year, the bank has earned Rs 1.66 billion in interest income. In the same period last year, the bank had earned Rs 1.45 billion in interest income. Interest income increased by 14.14 percent.
With a paid-up capital of Rs 3.51 billion, the bank’s rated earnings and reserve size have increased to Rs 499.8 million to Rs 1.71 billion, respectively. Last year, the retained earnings and reserves stood at Rs 411.2 million and Rs 1.69 billion, respectively.
During the review period, the bank collected deposits of Rs 61.88 billion and invested Rs 49.46 billion in loans. In the previous fiscal year, the bank had collected deposits of Rs 59.66 billion and invested Rs 45.97 billion in loans.
The bank’s loan-deposit ratio stands at 86.07 percent. During the same period, the bank’s total assets stood at Rs 70.27 billion. It was Rs 67.19 billion in the same period last year. This shows that the bank’s business expansion has increased.
During the review period, the bank’s bad loan ratio (NPL) increased to 4.27 percent. In the same period last year, the bank’s NPL was 3.55 percent. However, the ratio of non-performing loans to loan losses of the bank is 104.64 percent.
The bank’s annualised earnings per share (EPS) increased to Rs 18.73. Last year, the EPS was limited to Rs 13.47. The bank has a net worth of Rs 163.22 per share with a PE ratio of 23.35 times.
The bank achieved this growth amid the current economic challenges. Despite issues such as interest rates, market competition and cyber security, the bank has been able to expand its business. The bank has already approved the proposal to issue non-binding preferential shares in the last general meeting and submitted it to the Securities Board of Nepal for approval after obtaining its approval from the Nepal Rastra Bank. The bank, which has 130 branches across the country, has been providing various financial services based on digital technology.
