Excel Development Bank   Increases Net Profit by 35%

Nov 14, 2019 11:44 AM Merolagani

Excel Development Bank (EDBL) has earned a net profit of Rs 48.8 million in the first quarter of the current FY compared to Rs 36.1 million of the corresponding period of the last FY.

During the period, the bank collected deposit of Rs 7.65 billion and extended loan of Rs 6.63 billion. Through the mobilization of the fund, the bank earned Rs 113.2 million in net interest income.

The bank with Rs 692.6 million in paid-up capital has reserve fund of Rs 202.8 million and retained earning of Rs 187.4 million.

The bank has non-performing loan of Rs 0.56 percent, EPS of Rs 28.19, net worth per share of Rs 157.62 and P/E ratio of 10.15 times.


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