Mega Bank Nepal has published Fourth quarter report of FY 2075/76. It has reported increase in net profit by 30.51% in the comparing period.
Net profit: It has reported net profit of Rs.1.72 arba in Q4 which was Rs.1.32 arba 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.1.36 arba which can be distribute as dividend to its shareholders. It can distribute maximum 13% dividend from income of this year.
Deposit: The bank has collected deposit Rs. 78.68 arba in Q4 of FY 2075/76 from Rs.61.06 arba in Q4 of last Fiscal year. Increased by 28.86%.
Loan & advance: It had extended Rs.69.99 arba in loan and advances which was Rs.55.70 arba in same period of last fiscal year. Increased in by 25.64
Net interest income: It has made net interest income of Rs. 3.80 arba in Q4 from Rs.2.37 arba in Q4 of last fiscal year 2074/75. Rose by 59.91%.
Expenses: The bank has made expanses of Rs.1.18 arba for staff salary which was Rs 69.89 crore in Q4 of last year. Increased by 69.03%.
Operating profit: It has posted operating profit of Rs 2.47 arba from Rs.1.71 arba in the corresponding quarter of FY 2074.75.
Paid up capital & Reserve fund: Paid up capital stands at Rs.10.39 arba. Reserve Rs.1.85 arba and retained earning at Rs.1.37 arba.
Its non performing loan stands at to 0.86% from 0.82% in the last year.
Major indicators
- Annualized earning per share (EPS): Rs.16.55
- Net worth per share: Rs.130.93
- Price to Earning ratio: 12.87 times
- Capital adequacy: 15.48%
- Cost of fund: 7.67%
- Base Rate:9.98%
- Credit to deposit ratio: 75.79%
