Jyoti Bikas Bank Raises Net Profit by 40%

Nov 01, 2018 Merolagani

The net profit of Jyoti Bikas Bank (JBBL) has increased by 40 percent to Rs 63.3 million in the first quarter of the current FY compared to Rs 45.2 million of the corresponding period of the last FY.

In the review period, the company maintained EPS of Rs 9.78. During the period, the company collected a deposit of Rs 21.85 billion and extended loan of Rs 17.77 billion.

Similarly, it earned Rs 651.3 million in interest income and spent Rs 441.5 million in interest expenses. The company has a paid-up capital of Rs 2.59 billion and reserve fund of Rs 350 million.

The bank has bad debt ratio of 0.39 percent, CD ratio of 76.39 percent, EPS of Rs 9.87 and net worth per share of Rs 113.51.

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