Agricultural Development Bank has published third quarter report of FY 2075/76 based on Nepal financial reporting standard (NFRS). It has reported increase in net profit by 23.09% in the comparing period.
Net profit: It has reported net profit of Rs.2.21 arba in Q3 which was Rs.1.79 arba in the same period of last fiscal year.
As per the NFRS model, the bank has free profit after regulatory adjustments of Rs.1.32 arba which can be distribute as dividend to its shareholders.
Deposit: The bank has collected deposit Rs. 1.12 kharba in Q3 of FY 2075/76 from Rs.1.04 kharba in Q3 of last Fiscal year.
Loan & advance: It had extended Rs.1.09 kharba in loan and advances which was Rs.1.00 kharba in same period of last fiscal year.
Net interest income: It has made net interest income of Rs. 5.30 arba in Q3 from Rs.4.41 arba in Q3 of last fiscal year 2074/75.
Expenses: The bank has made expanses of Rs.2.34 arba for staff salary which was Rs. 2.53 arba in Q3 of last year. Other operating expanse of 57.93 crore.
Operating profit: It has posted operating profit of Rs.2.76 arba from Rs.2.26 arba in the corresponding quarter of last year.
Paid up capital & Reserve fund: Paid up capital stands at Rs.9.01 arba. Reserve increased to Rs.9.86 arba. It have preference shares of Rs.5.43 arba.
Its non performing loan increased to 4.22% from 5.98% in the last year.
Major indicators
- Annualized earning per share (EPS): Rs.29.10
- Net worth per share: Rs.186.95
- Price to Earning ratio: 10.82 times
- Capital adequacy: 19.74%
- Cost of fund: 7.36%
- Base Rate:11.16%
- Credit to deposit ratio: 78.29%
