Lumbini Bikas Bank has published third quarter report of FY 2075/76. Net profit surged by 86.26% in comparing period.
As per the published report, it has reported surge in net profit to Rs.34.34 crore in this Q3 of Fiscal year 2075/76 from Rs.18.44 crore in the same period of fiscal year 2074/75.
It has collected deposit of Rs.24.35 arba and floated loan & advances of Rs.22.36 arba in the third quarter. Deposit collection increased by 25.37% and loan disbursement increased by 27.82%.
Its net interest income increased to Rs.73.24 crore in Q3 from Rs.53.45 crore in the last corresponding quarter of FY 2074/75.
Operating profit decrease to Rs.49.21 crore from of Rs.18.34 crore in the last year. Operating profit decreased by 168.20%.
Its paid up capital is Rs.2.21 arba with reserves of Rs.1.46 arba. Reserve fund increased by 46.25%.
Its non performing loan stands at 2.13% from 2.59% which seems improved. Cost of fund at 8.78%, CCD ratio at 78.47% and Base rate at 11.13%.
Annualized earning per share (EPS) stands at Rs 20.73, Net worth per share at Rs.166.32 and PE ratio at 8.40 times.
