Kumari  Bank Logs 14% Growth in Net Profit

Nov 15, 2019 12:34 PM Merolagani

Kumari Bank (KBL) has increased its net profit by 14.26 percent to Rs 401.9 million in the first quarter of the current FY compared to Rs 351.8 million of the corresponding period of the last FY.

As per the financial report published under NFRS format, the bank has distributable profit of Rs 254.8 million.

The bank with Rs 9.55 billion in paid-up capital has reserve fund of Rs 2.24 billion and shareholders fund of Rs 279.1 million.

During the period, the bank collected deposit of Rs 78.30 billion and extended loan of Rs 77.24 billion. Similarly, the bank earned net interest income of Rs 918.5 million and operating profit of Rs 566.2 million.

During the review period, the bank maintained non-performing loan of 1.05 percent, EPS of Rs 16.83,  net worth per share of Rs 126.39 and P/E ratio of 10.75 times.

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