Agriculture Development Bank posted declined in net profit by 15.88% in the fourth quarter of this fiscal year 2074/75. It has published report based on Nepal financial reporting standard (NFRS).
As per the published report, the commercial bank has reported declined in net profit to Rs.3.07 arba in this Q4 from Rs.3.65 arba in the corresponding quarter of last fiscal year 2073/74.
As per the NFRS model, the bank has free distributable amount after regulatory adjustment is Rs.3.67 arba as dividend to its shareholders. Rs.59.61 crore added in net profit for NRB adjustment.
During the period the bank has collected deposit of Rs.1.05 kharba & floated in loan & advances of Rs.99.87 arba.
Its net interest income declined to Rs.6.80 arba from Rs.7.20 arba in the last corresponding quarter. Operating profit increased to Rs.4.25 arba from Rs.4.08 arba in the last year. Operating profit increased by 4.30%.
Increasing in interest expenses leads to decreased net profit of the company.
Its paid up capital is Rs.13.94 arba with reserves of Rs.16.73 arba.
Its non performing loan stands at 3.19% from 4.60% from the last year. Cost of fund 7.38%. CCD ratio is 77.52%.
Annualized earning per share is Rs.39.37.
