Gandaki Bikas Bank Raises Net Profit by 25%

Aug 16, 2019 11:17 AM Merolagani

Gandaki Bikas Bank has increased its net profit by 24.87 percent to Rs 603.7 million in the fourth quarter of the last FY compared to Rs 483.5 million of the corresponding period of the previous FY.

The bank has a distributable profit of Rs 476.3 million through which the bank can distribute a dividend of 17 percent to its shareholders.

The bank with Rs 2.75 billion in paid-up capital has maintained EPS of Rs 21.96.

During the period, the bank increased its deposit collection by 27 percent to Rs 29.92 billion and loan extension by 29 percent to Rs 25.64 billion. Similarly, the bank increased its net interest income by 26 percent to Rs 1.31billion and operating profit by 23 percent to Rs 862.5 million.

The bank has a non-performing loan of 0.33 percent, net worth per share of Rs 144.69 and P/E ratio of 9.72 times.

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