Kamana Sewa Development Bank Limited has published its unaudited financial report for the first quarter of fiscal year 2082/83. The bank earned a net profit of Rs. 19 crore 76 lakh, which is 12.92% higher than last year’s Rs. 17 crore 50 lakh.
The bank said the profit increased because its income from interest and service fees went up, even though its expenses also rose slightly.
During the first quarter, the bank’s net interest income grew by 19.09% to Rs. 61 crore 76 lakh. Its fee and commission income increased by 12.23% to Rs. 8 crore 44 lakh. However, impairment charges increased from Rs. 4 crore 87 lakh to Rs. 11 crore 7 lakh.
The bank’s non-performing loan (NPL) ratio rose to 4.41% from the previous level, up by 0.45 percentage points. By the end of the quarter, Kamana Sewa had collected Rs. 63 arab 4 crore in deposits and given Rs. 53 arab 45 crore in loans. Its total assets reached Rs. 71 arab 63 crore.
The bank reported a distributable profit of Rs. 13 crore 52 lakh and an earnings per share (EPS) of Rs. 20.46. Based on this result, the bank’s dividend capacity for this year is around 14.01%.
In its recent 19th Annual General Meeting, the bank approved a 15.7895% dividend for shareholders from the profit of fiscal year 2081/82.
FAQs
I. What was Kamana Sewa Development Bank’s net profit in the first quarter?
The bank earned a net profit of Rs. 19 crore 76 lakh in the first quarter of FY 2082/83.
II. How much did the bank’s profit grow compared to last year?
The profit increased by 12.92% compared to the same period last year.
III. What was the main reason for profit growth?
The profit grew mainly because of higher income from interest and service fees.
IV. What is Kamana Sewa Development Bank’s NPL ratio?
The bank’s non-performing loan ratio is 4.41%.
V. What dividend did the bank approve recently?
The bank approved a 15.7895% dividend from the profit of fiscal year 2081/82.