Kathmandu. Jyoti Bikas Bank has published the unrevised financial statements for the current fiscal year 2082. The third quarter (July-March) of 83 has been published.
According to the report, the bank has managed to earn a net profit of Rs 62.94 crore in the third quarter. In the previous year, 2081. The bank had earned a net profit of Rs 30.66 crore in the same period of 2018. The bank’s profit increased by 105.30 percent in the review period compared to the previous year.
During the review period, the bank posted an operating profit of Rs 89.90 crore. The bank had posted an operating profit of Rs 43.79 crore in the same period last year. Operating profit has also increased by 105.34 percent compared to the previous year.
In the first nine months of the current year, the bank’s net interest income stood at Rs 1.59 billion. This is 0.78 percent higher than the previous year. The bank’s net interest income was Rs 1.58 billion in the same period last year.
The bank’s distributable profit till April was negative at Rs 43.48 crore. In the previous year too, the bank’s distributable profit was negative at Rs 56.87 crore.
The bank’s retained earnings stood at Rs 43.48 crore with a paid-up capital of Rs 4.39 billion and a reserve of Rs 3.22 billion. The bank’s retained earnings stood at Rs 99.94 crore at the end of the previous year, while the reserve stood at Rs 3.23 billion.
As of mid-April of the current fiscal year, the bank collected deposits of Rs 64.49 billion and extended loans of Rs 47.98 billion. As of mid-July of the previous year, the bank collected deposits of Rs 60.48 billion and extended loans of Rs 45.23 billion.
As of March, the bank’s bad loans increased to 2.36 percent. In the same period last year, the bad loans were 1.37 percent.
The bank’s annualized earnings per share (EPS) has increased to Rs 19.09 during the review period. The bank’s EPS was Rs 9.30 in the same period last year.
The bank has a PE ratio of 19.43 times and a net worth per share of Rs 163.43.
