Net Profit of Excel Devt Bank Decreases to Rs 111.1 Mn

Apr 29, 2018 Merolagani

Excel Development Bank (EDBL) has earned a net profit of Rs 111.1 million in the third quarter of the current FY compared to Rs 117 million of the corresponding period of the last FY.

In the review period, the bank earned a net interest income of Rs 232.5 million. The bank that raised its paid-up capital from Rs 692.6 million from Rs 384.5 million has decreased its EPS to Rs 21.39 from Rs 40.58.

The bank spent Rs 44.2 million in employees expenses and Rs 35.1 million in other operating expenses.

During the period, the bank collected deposit of Rs 4.58 billion and extended loan of Rs 4.21 billion. It has bad debt ratio of 1.18, provision for possible losses at Rs 23.6 million and net worth per share of Rs 132.17.


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