Comparative Performance: Excel Vs Miteri Development Bank

May 9, 2020 | Investopaper

Miteri Development Bank and Excel Development Bank are the regional development bank. Miteri Development Bank is operating in 3 districts whereas Excel Development Bank operates in 5 districts. Both the banks have  published the unaudited financial statements for the third quarter of the fiscal year 2076/77. Since, both the banks possess equal capital, heere we will try to compare these two development banks based on the performance in the third quarter of the current fiscal year.

The comparison will be based on the following financial indicators:

Paid-up capital & Reserve

Miteri Development Bank has a slightly higher capital of Rs. 69.37 crores while Excel Development Bank leads in terms of total reserve and surplus with Rs. 44.20 crores.

Deposits, and Loans

Excel Development Bank surpasses Miteri in total deposits from customers and total lending to customers with Rs. 9.09 Arba and Rs. 7.91 Arba respectively.

Net Interest Income, Operating Profit and Net Profit

Excel Development earned higher net interest income of Rs. 32.97 crores. But Miteri Development Bank generated greater operating and net profit of Rs. 17.26 crores and Rs. 12.08 crores respectively.

Non-Performing Loan (NPL) and Base Rate

Miteri Development Bank has lower NPL of 0.20 percent. Excel Development Bank, on the other hand, has lower base rate of 10.61 percent.

Earnings Per Share (EPS) and Net-worth Per Share

Miteri has greater annualized EPS of Rs. 23.23 while Excel has the higher per share networth of Rs. 163.92.

The financial comparison is also summarized in the table below. Which development bank do you prefer? Feel free to share your views in the comment section.

Comparative Performance: Excel Vs Miteri Development Bank

Headings Excel Miteri
Paid up capital(Rs.’crores’) 69.27 69.34
Reserve and Surplus(Rs.’crores’) 44.2 26.32
Deposits From Customers (Rs.’Arba’) 9.09 4.96
Loans & Advances To Customers (Rs.’Arba’) 7.91 4.24
Net Interest Income(Rs.’crores’) 32.97 20.38
Operating Profit (Rs.’crores’) 12.3 17.26
Net Profit (Rs.’crores’) 8.61 12.08
Distributable Profit (Rs.’crores’) 1.16 6.15
Non Performing Loans, NPL(%) 3.66 0.2
Base rate(%) 10.61 12.21
Earnings Per Share, EPS(Rs.) 16.57 23.23
Networth Per Share ( Rs.) 163.92 137.96
Market Price Per Share (Rs.) Chaitra end, 2076] 375 332
P/E Ratio 22.63 14.29

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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