Net Profit of Kamana Sewa Increases 162%

Jan 18, 2021 09:53 AM Merolagani

The net profit of Kamana Sewa Bikas Bank (KSBBL) has increased by 162.62 percent in the second quarter of the current FY.

Kamana Sewa Bikas Bank has earned a net profit of Rs 394.7 million in the review period compared to Rs 148.5 million of the corresponding period of the last FY.

The bank managed to increase its net profit with the help of increased net interest income, operating profit and non-operating income. During the period, the bank logged a distributable profit of Rs 271.9 million.

By the review period, the bank earned Rs 688 million in net interest income. The net interest income increased by 19.85 percent compared to the last FY. Similarly, the operating profit of the bank increased by 64.32 percent to Rs 346.9 million during the period.

Likewise, the bank earned Rs 210.2 million in non-operating income which increased its net profit significantly.

The bank has a paid-up capital of Rs 2.54 billion, a shareholders fund of Rs 268.9 million and a reserve fund of Rs 495.3 million. An increase in net profit has hugely increased in its EPS.

The diluted EPS of the bank has reached Rs 30.71 from Rs 11.69 of the last FY.

The bank logged P/E ratio of 7.98 times and net worth per share of Rs 130.09.  

During the period, the bank collected deposit of Rs 38.18 billion and extended loan of Rs 31.20 billion.

The bank has bad debt of 1.59 percent compared to 1.37 percent of the last FY.

The bank has base rate of 9.06 percent and spread rate of 4.99 percent.


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