Tourism Development Bank's Net Profit Decreases

Nov 21, 2017 Merolagani

In the first quarter of the current FY, a net profit of Tourism Development Bank has decreased by 19.35 percent compared to the corresponding period of the last FY. In the first quarter, the bank earned the net profit of Rs 34.2 million whereas in the review period of the last FY, it earned Rs 42.4 million net profit.

 

Although the bank increased its net interest income, decreased in its operating profit led the decrease in its net profit. During the period, net interest income of the bank rose by 39.69 percent while it's operating profit decreased by 11.69 percent.

Presently, the bank has paid-up capital of Rs 2.01 billion. The bank has maintained a reserve fund of Rs 570.4 million. During the period, it collected deposit of Rs 12.84 billion and extended loan of Rs 10.97 billion.

Tourism has bad debt of 1.02 percent and CD ratio of 73.96 percent. Moreover, it has EPS of Rs 7.45 and net worth per share of Rs 140.

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