Garima Bikas Bank has published Fourth quarter report of FY 2075/76. The development bank has reported increase in net profit by 26.33% in the comparing period.
Net profit: It has reported net profit of Rs.59.22 crore in Q4 which was Rs.46.88 crore in the same period of last fiscal year.
As per the Nepal financial reporting standard (NFRS) model, the bank has free profit after regulatory adjustments of Rs.45.31 crore which can be distribute as dividend to its shareholders. It can distribute maximum 16% dividend from income of this year.
Deposit: The bank has collected deposit Rs. 26.78 arba in Q4 of FY 2075/76 from Rs.19.72 arba in Q4 of last Fiscal year.
Loan & advance: It had extended Rs.28.20 arba in loan and advances which was Rs.18.64 arba in same period of last fiscal year.
Net interest income: It has made net interest income of Rs. 1.40 arba in Q4 from Rs.1.02 arba in Q4 of last fiscal year 2074/75.
Expenses: The bank has made expanses of Rs.42.51 crore for staff salary which was Rs 28.40 crore in Q4 of last year.
Operating profit: It has posted operating profit of Rs 85.66 crore from Rs.64.97 crore in the corresponding quarter of FY 2074.75.
Paid up capital & Reserve fund: Paid up capital stands at Rs.2.78 arba. Reserve Rs.49.02 crore and retained earning at Rs.49.85 crore.
Its non performing loan stands at to 0.2% from 0.27% in last year.
Major indicators
- Annualized earning per share (EPS): Rs.21.24
- Net worth per share: Rs.135.46
- Price to Earning ratio: 10.55 times
- Capital adequacy: 14.40%
- Cost of fund: 8.69%
- Base Rate:11.09%
- Credit to deposit ratio: 77.91%
