Net Profit of Lumbini Bikas Bank Increases Significantly

Jan 23, 2019 Merolagani

The net profit of Lumbini Bikas Bank (LBBL) has increased significantly in the second quarter of the current FY. The net profit increased by 63.15 percent to Rs 234.6 million in the review period compared to Rs 143.7 million of the corresponding period of the last FY.

In the review period, the bank increased its deposit collection and loan extension by 22.18 percent and 25.90 percent to Rs 23.44 billion and 21.72 billion respectively.

Through this, the bank increased its interest earning by Rs 147.9 million to Rs 472.9 million.

The bank with Rs 2.17 billion in paid-up capital has reserve fund of Rs 1.35 billion. During the period, the EPS of the bank reached Rs 21.57 which was Rs 14.32 in the last FY. Similarly, the bad debt of the company declined to 2.31 percent from earlier 2.5.

The bank has net worth per share of Rs 162.34, P/E ratio of 7.93 times, base interest rate of 11.16 and cost of fund of 8.83 percent.

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