Agriculture Development Bank Logs Distributable Profit of Nearly Rs 4 Bn

Aug 04, 2022 09:56 AM Merolagani

Agriculture Development  Bank (ADBL) has published its fourth quarter report of the last FY. As per the report, the distributable profit of the bank has reached nearly 4 billion during the period.

The bank earned a net distributable profit of Rs 3.90 billion in the review period.

Similarly, the bank earned net profit of Rs 2.36 billion which is 26.16 percent below compared to Rs 3.20 billion of the corresponding period of the last FY.

During the period, the net interest income increased by 13.30 percent and net fee and commission income by 11.06 percent. Similarly, its total operating income has increased by 7.36 percent and operating profit by 18.25 percent.

The bank’s paid-up capital increased by 20 and reserve fund by 0.31 percent during the period. In the review period, the bank increased deposit collection by 2.26 percent and loans by 18.54 percent.

The bank has logged EPS of Rs 17.93,  P/E ratio of 18.46 times and net worth per share of Rs 212.25.

 

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