Western Development Bank Records 19% Growth in Net Profit

May 07, 2019 Merolagani

Western Development Bank (WDBL) has increased its net profit by 19 percent to Rs 73.6 million in the third quarter of the current FY compared to Rs 61.9 million of the corresponding period of the last FY.

The bank with Rs 504 million in paid-up capital has reserve fund of Rs 51.7 million.

In the review period, the bank collected deposit of Rs 3.37 billion and extended loan of Rs 2.94 billion.

During the period, the bank earned net interest income of Rs 131.9 million compared to Rs 114.7 million.

The bank has bad debt of 0.75 percent, EPS OF 14.61, net worth per share of Rs 124.87 and P/E ratio of 15.81 times.

 

 

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