Kumari Bank Records Decline in Net Profit

Jan 20, 2025 09:01 AM Merolagani



 Kumari Bank (KBL) has published its second quarter report of the current FY. As per the report, the bank recorded decline in net profit during the period.

In the review period, the bank earned net profit of Rs 275.7 billion which is 68.20 percent degrowth compared to Rs 867.2 billion of the corresponding period of the last FY.

decrease in net interest income and increase in impairment charge pulled down its net profit during the period.

In the review period, its net interest income decreased by 7.19 percent and net fee and commission income increase by 15.12 percent. Similarly, its total operating income decreased by 85.06 percent.

Meanwhile, its impairment charge increased to Rs 3.27 billion from Rs 2.76 billion which pulled down its  operating profit by 51.69 percent.

Along with net profit, its EPS decreased by 4.51 to Rs 2.10. The bank has net worth per share of Rs 133.51 and P/E ratio of 99.52 times.

The bank with Rs 26.22 billion in paid-up capital has reserve fund of Rs 8.78 billion. The bank collected deposit of Rs 348 billion and extended loans of Rs 275 billion.




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