Garima Bikas Bank limited has published 2nd quarter report of fiscal year 2074/75; posting Net profit of 18.05 crore. EPS decreased by 51.74%.
As per the report published, Garima Bikas Bank limited has posted Net profit of 18.05 crore. Net profit increased by 13.17%, 18.05crore from 15.95 crore in the previous corresponding quarter of FY 2073/74.
Earning per share of the bank is decline to 14.25 from 29.53 in previous corresponding quarter of FY 2073/74. EPS is decreased by 51.74%.
Garima Bikas Bank had collected deposit of 17.40 arba & floated in loan 15.75arba to make a profit. Major income of bank, net interest income is increased by 27.53%.
Its paid up capital is 2.53 arba from 1.08 arba. Capital increased by 134.60% during the period. But reserve is decreased by 24.07%. Now reserve is 46.99 crore from 61.88 crore.
Staff expanses increased by 85.01%. Major improvement has done in Non-performing loan. As NPL is 0.47 from 0.84.
Earning per share (EPS) remain at 14.25 from 29.53. Net worth per share is 118.54. Price to earning ratio stand at 13.62
Note: Huge decline in EPS & net worth; it is due to bank unable to grow its profit as per the increase in capital. Capital is increased by 134% but Net profit is increased only by 13.17%.
Report’s Highlights
