Prabhu Bank Logs 112% Growth In Net Profit

Jul 25, 2019 10:22 AM Merolagani

Prabhu Bank (PRVU) has increased its net profit by whooping 112.05 percent to Rs 2.05 billion in the fourth quarter of last FY compared to 960 million of the corresponding period of the previous FY.

As per the financial report published under NFRS format, the bank earned Rs 1.73 billion in distributable profit. In the review period, the bank collected deposit of Rs 112.39 billion and extended loan of Rs 86.41 billion.

In the review period, the net interest income of the bank increased by 62.15 percent to Rs 4.56 billion from Rs 2.81 billion of the previous FY.  

The bank with Rs 8.89 billion in paid-up capital has reserve fund of Rs 5.67 billion. During the period, the bank logged non-performing loan of 2.31 percent, EPS of Rs 24.18, net worth per share of Rs 163.80 and P/E ratio of 11.53 times.

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