Prabhu Bank Logs Net Profit of Rs 628.4 Mn

Nov 11, 2019 11:03 AM Merolagani

Prabhu Bank (PRVU) has earned a net profit of Rs 628.4 million in the first quarter of the current FY compared to Rs 598.4 million of the corresponding period of the last FY.

As per the financial report published under the NFRS format, the bank has a distributable profit of Rs 55.7 million after making regulatory adjustments.

The bank with Rs 8.89 billion in paid-up capital has EPS of Rs 28.27 and P/E ratio of 9.37 times. In the review period, the bank maintain reserve fund of Rs 4.39 billion.

The bank collected deposit of Rs 106.46 billion and extended loan of Rs 91.68 billion and  earned Rs 1.40 billion in net interest income during the period.

In the review period, the non-performing loan has increased to 3.32 percent from earlier 2.51 percent while its credit deposit ratio reached 77.81 percent. Similarly, the base interest rate decreased to 9.24 percent and cost of fund reached 6.15 percent.

comments powered by Disqus

Citizen Life Insurance’s Announced Dividend Cancelled

May 06, 2024 01:48 PM

Citizen Life Insurance (CLI)’s announced dividend has been cancelled.

Citizen Life Announces Dividend

May 06, 2024 10:10 AM

Gold and Silver Price Gain

May 06, 2024 10:34 AM