Financial Position of Miteri, Excel and Kanchan Development Bank

Aug 13, 2017 Merolagani

Miteri Development Bank (MDB), Excel Development Bank (EDBL) and Kanchan Development Bank (KADBL) has published their fourth quarter report of the last FY.

Out of the three banks, Excel recorded the highest profit of Rs 152.6 million in the last FY compared to Rs 99.8 million of the previous FY.

Similarly, Miteri Development earned Rs 121.1 million net profit during the last FY compared to Rs 97.2 million in the previous FY.

Meanwhile, Kanchan Development Bank earned Rs 73.4 million net profit in the last FY compared to Rs 62 million in the previous FY.

Excel has paid-up capital of Rs 384.5 million while Miteri has paid-up capital of Rs 380 million and Kanchan Development has paid-up capital of Rs 346.5 million before capitalization of the 30 percent right shares. After the capitalization, the paid-up capital will reach Rs 450 million.

Similarly, Excel also tops on reserve fund with Rs 233.3 million. Miteri has reserve fund of Rs 213.9 million and Kanchan has reserve fund of Rs 109.4 million during the review period.

Moreover, Excel has the highest EPS of Rs 39.70, Miteri Rs 31.86 and Kanchan has EPS of Rs 21.21.

 


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