Mega Bank Nepal has published third quarter report of FY 2075/76 based on Nepal financial reporting standard (NFRS). It has reported increase in net profit by 131.33% in the comparing period.
Net profit: It has reported net profit of Rs.1.21 arba in Q3 which was Rs.52.49 crore in the same period of last fiscal year.
As per the NFRS model, the bank has free profit after regulatory adjustments of Rs.76.74 crore which can be distribute as dividend to its shareholders.
Deposit: The bank has collected deposit Rs. 75.21 arba in Q3 of FY 2075/76 from Rs.63.49 arba in Q3 of last Fiscal year. Deposit increased by 18.45%.
Loan & advance: It had extended Rs.67.58 arba in loan and advances which was Rs.55.52 arba in same period of last fiscal year. Loan extension increased by 21.71%.
Net interest income: It has made net interest income of Rs. 2.75 arba in Q3 from Rs.1.30 arba in Q3 of last fiscal year 2074/75. Major income of BFIs, Net interested income increased by 111.60%.
Expenses: The bank has made expanses of Rs.78.20 crore for staff salary which was Rs. 37.79 crore in Q3 of last year. Other operating expanse stands at Rs.40.34 crore in Q3.
Operating profit: It has posted operating profit of Rs.1.70 arba from Rs.73.92 crore in the corresponding quarter of last year. Grown by 130.73%.
Paid up capital & Reserve fund: Paid up capital stands at Rs.10.38 arba. Reserve increased to Rs.1.94 arba from Rs.1.63 arba the last year.
Its non performing loan increased to 1.42% from 0.98% in the last year which is not so good.
Major indicators
- Annualized earning per share (EPS): Rs.15.58 from Rs.6.80
- Net worth per share: Rs.126.20
- Price to Earning ratio: 10.84 times
- Capital adequacy: 15%
- Cost of fund: 7.73%
- Base Rate:10.2%
- Credit to deposit ratio: 78.91%
