Kumari Bank’s Operating Profit Increases by 21.5%

Apr 19, 2024 08:09 AM Merolagani

Kumari Bank  (KBL) has published its third quarter report of the current FY. As per the report, the bank’s operating profit has increased by 21.60 percent during the period.

The bank earned a operating profit of Rs 2.26 billion in the review period compared to Rs 1.86 billion of the corresponding period of the last FY.

In the review period, its net interest income increased by 12.67 percent and  net fee and commission income by 60.90 percent.  Similarly, its total operating income increased by 19.14 percent.

Although the bank raised its operating profit, its net profit declined to Rs 1.05 billion from previously Rs 1.30 billion.

However, the bank has a distributable loss of Rs 4.20 billion.

The bank maintained EPS of Rs 5.35,  P/E ratio of 25.73 times and net worth per share of Rs 136.52.

The bank with paid-up capital of Rs 26.22 billion has a reserve fund of Rs 9.62 billion. The bank collected deposit of Rs 318.86 billion and extended the loan of Rs 274.53 billion during the period.

 

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