Kathmandu. Kumari 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 2.11 billion in the last fiscal year. The previous fiscal year 2080. The bank had posted a net profit of Rs 4.6 million in 2018-19. In this way, the bank’s profit has increased by 45829.01 percent compared to the previous year.
In the review year, the bank’s distributable profit stood at Rs 2.79 billion. In this way, the bank is unlikely to distribute dividends.
In the review year, the operating profit of the bank increased to Rs 6.13 billion. In the previous year, the operating profit was limited to Rs 973.9 million. The operating profit of the bank also increased by 529.87 percent.
In the fourth quarter of the last fiscal year, the bank earned Rs 11.55 billion in interest income. In the same period last year, the bank had earned Rs 10.80 billion in interest income. Interest income decreased by 6.95 percent.
With a paid-up capital of Rs 26.22 billion, the bank’s retinad earnings are negative at Rs 2.79 billion and reserves are Rs 13.85 billion. In the previous fiscal year, the retained earnings stood at Rs 5.36 billion, while the reserve was Rs 13.94 billion.
In the review year, the bank collected deposits of Rs 364.63 billion and invested Rs 260.94 billion in loans. In the previous fiscal year, the bank collected deposits of Rs 3.33 billion and invested Rs 268.43 billion in loans.
In the review year, the bank’s bad loan ratio (NPL) increased to 6.42 percent. In the same period last year, the bank’s NPL was 5.96 percent.
The bank’s annualised earnings per share (EPS) increased to Rs 8.07. Last year, the EPS was limited to Rs 0.02. The bank has a net worth of Rs 142.19 per share with a PE ratio of 27.23 times.
