Net Profit of Garima Bikas Bank Increases by 4.25%

Nov 03, 2023 10:38 AM Merolagani



Garima Bikas Bank (GBBL) has published its first quarter report of the current FY.

As per the report, the bank’s net profit and EPS has increased plainly in the review period compared to the corresponding period of the last FY.

The bank has earned net profit of Rs 201.5 million in the review period. The net profit increased by 4.25 percent compared Rs 193.3 million of the corresponding period of the last FY.

In the review period, its net interest income increased by 11.57 percent, net fee and commission by 19.96 percent, total operating income by 12.29 percent and operating profit by 4.32 percent.

The bank has distributable profit of Rs 386.8 million and distributable profit per unit of Rs 7.46.

The bank-maintained EPS of Rs 15.54, P/E ratio of 23.49 times and net worth per share of Rs 152.71.

The bank with paid-up capital of Rs 5.18 billion has reserve fund of Rs 2.73 billion. Its deposit increased by 1.82 percent and loan extension by 1.28 percent in the review period.




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