Om Development Bank third quarter performance report
April 25, 2019 | Investopaper
OM Development Bank
OM Development Bank, which is in the acquisition process with Prime Commercial Bank has published the 3rd quarter report of F.Y. 2075/76. In the 3rd quarter report of F. Y. 2075/76, the bank made a net profit of Rs. 34.74 crores. The net profit has risen by 30.45 percent. Last year, the company’s profit stood at Rs. 26.63 crores in the third quarter.
The company has paid up capital of Rs. 2.52 Arab, and reserve & surplus of Rs. 1.15 Arab. The development bank has a deposit collection of Rs. 24.80 Arab. The loans & advances stood at Rs. 22.50 Arab till the third quarter. The net interest income has risen to Rs. 77.94 crores from Rs. 53.97 crores.
The non-performing loans stand at 0.95 percent. Also, the Earnings Per Share (EPS) is Rs. 18.41 as of 3rd quarter 2075/76. The base rate is at 11.15 percent.
OM Development Bank: Financial Highlights of 3rd Quarter, 2075/76
| Headings | 3rd Qtr, F.Y. 2075/76 | 3rd Qtr, F.Y. 2074/75 | % Change |
| Paid up capital(Rs.’Arab’) | 2.52 | 2.52 | 0.00 |
| Reserve and Surplus(Rs.’ Arab’) | 1.15 | 0.68 | 69.12 |
| Deposits(Rs.’Arab’) | 24.8 | 19.15 | 29.50 |
| Loans & Advances(Rs.’Arab’) | 22.5 | 17.11 | 31.50 |
| Net Interest Income(Rs.’crores’) | 77.94 | 53.97 | 44.41 |
| Net Profit(Rs.’crores’) | 34.74 | 26.63 | 30.45 |
| Earnings Per Share, EPS(Rs.) | 18.41 | 14.12 | 30.38 |
| Non Performing Loans, NPL(%) | 0.95 | 0.82 | 15.85 |
| Base rate(%) | 11.15 | 12.2 | -8.61 |
