Lumbini Bikas Bank Q3 report: Net profit rises by 86.26%

April 24, 2019 | Investopaper

Lumbini Bikas Bank (LBBL) has published a 3rd quarter report of F.Y. 2075/76. The net profit has grown by 86.26% from the corresponding quarter of the previous year. In the 3rd quarter report of F. Y. 2075/76, the bank made a net profit of Rs. 34.35crores.  Last year, the company’s profit stood at Rs. 18.44 crores in the 3rd quarter.

The company has paid up capital of Rs. 2.20 Arab, and reserve & surplus of Rs. 1.46 Arab. The bank has a deposit collection of Rs. 24.35 Arab. The loans & advances stand at Rs. 22.36 Arab till the 3rd quarter. The net interest income has risen to Rs. 73.24crores from Rs. 53.45 crores.

The non-performing loans stand at 2.13%. Also, the Earnings Per Share (EPS)  is Rs. 20.73 as of 3rd quarter 2075/76. The cost of fund is at 8.78%.

Last trading price of the company stands at Rs. 178.



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