Agriculture Development Bank Logs 19% Growth in Net Profit

Aug 06, 2019 11:19 AM Merolagani

Agriculture Development Bank (ADBL) has earned a net profit of Rs 4.35 billion and distributable profit of Rs 3.31 billion in the fourth quarter of the last FY.

 The net profit and distributable profit increased by 19.17 percent and 7.82 percent respectively compared to the corresponding period of the previous FY.

The bank has a total paid-up capital of Rs 14.44 billion including 9.01 billion of ordinary shareholders and Rs 5.43 billion (preference share) of the government. The bank maintained a reserve fund of Rs 14.20 billion in the review period.

During the period, the bank collected a deposit of Rs 119 billion and extended loan of Rs 110 billion. The bank earned a net interest income of Rs 7.37 billion in the review period.

During the period, the bank maintained a non-performing loan of 2.9 percent, EPS of Rs 44.67, net worth per share of Rs 257.53,  P/E ratio of 9.15 times.

 

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