Bank of Kathmandu Earns Net Profit of Rs 1.2 Bn

May 07, 2019 Merolagani

Bank of Kathmandu (BOKL) has earned a net profit of Rs 1.20 billion in the third quarter of the current FY compared to Rs 930.5 million of the corresponding period of the last FY. The net profit increased by 30 percent in the review period.

The increase in net profit has reflected in its EPS. The EPS of the bank increased to Rs 19.92 compared to Rs 17.54 of the review period of the last FY.

As per the financial report published under NFRS format, the bank earned a distributable profit of Rs 733.8 million in the review period.

The bank with Rs 8.06 billion in paid-up capital has reserve fund of Rs 4.83 billion.

In the review period, the bank collected deposit of Rs 81.135 billion and extended loan of Rs 71.26 billion. During the period, the bank earned net interest income of Rs 2.735 billion and operating profit of Rs 1.7 billion.

The bank has net worth per share of Rs 159.92 and bad debt of 2.12 percent.

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM