Bank of Kathmandu Reports Fall In Net Profit By 22 Percent

August 12, 2020 | Investopaper

Bank of Kathmandu (BOK) has reported a decline in net profit by 22 percent in the fiscal year 2076/77. The bank earned a net profit of Rs 1.48 Arba. In the previous fiscal year 2075/76, BOK had earned a net profit of Rs 1.9 Arba .

The profit of bank has fallen due to decrease in the net interest income along with increase in the provision for possible losses. The bank has kept Rs 53.77 crores as the provision for possible losses, up from Rs 6.46 crores in the previous year. Similarly, the net interest income has declined by 5.5 percent to Rs 3.58 Arba. Due to this, the operating profit of BOK has plunged by more than 22.50 percent to Rs 2.12 Arba. Likewise, the distributable profit of the bank stood at Rs 88 crores.

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Bank of Kathmandu has a current paid-up capital of Rs 8.55 Arba with Rs 5.76 Arba in reserve and surplus. Until Ashad end 2077, BOK has a deposit collection (from customers) of Rs 92.1 Arba and floated loans & advances of Rs 75.92 Arba.

The fourth-quarter performance report of Bank of Kathmandu is also summarized in the table below:

Bank of Kathmandu Report Summary, FY 2076/77

Headings	4th Qtr, F.Y. 2076/77	4th Qtr, F.Y. 2075/76	Percent Change
Paid up capital(Rs.’Arba’)	8.55	8.06	6.08
Reserve and Surplus(Rs.’Arba’)	5.76	5.9	-2.37
Deposits From Customers (Rs.’Arba’)	92.1	82.72	11.34
Loans & Advances To Customers (Rs.’Arba’)	75.92	70.48	7.72
Net Interest Income(Rs.’Arba’)	3.58	3.79	-5.54
Operating Profit (Rs.’Arba’)	2.12	2.74	-22.63
Net Profit (Rs.’Arba’)	1.48	1.9	-22.11
Distributable Profit (Rs.’Arba’)	0.88	–	–
Non Performing Loans, NPL(%)	2.35	1.54	52.60
Base rate(%)	8.71	9.98	-12.73
Earnings Per Share, EPS(Rs.)	17.26
Networth Per Share ( Rs.)	167.44
Market Price Per Share (Rs.) [Ashad end, 2077]	219
P/E Ratio	12.69

Note:

The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

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