See the performance of OM development Bank and Kamana Sewa Bank in 2nd Quarter
January 25, 2019 | Investopaper
OM Development Bank
OM Development Bank has published the 2nd quarter report of F.Y. 2075/76. In the 2nd quarter report of F. Y. 2075/76, the bank made a net profit of Rs. 24.03 crores. The net profit has risen by 59.85%. Last year, the company’s profit stood at Rs. 15.03 crores in the 2nd quarter.
The company has paid up capital of Rs. 2.52 Arab, and reserve & surplus of Rs. 1.04 Arab. The bank has a deposit collection of Rs. 23.68 Arab. The loans & advances stand at Rs. 21.35 Arab till the 2nd quarter. The net interest income has risen to Rs. 52.03 crores from Rs. 32.29 crores.
The non-performing loans stand at 0.60%. Also, the Earnings Per Share (EPS) is Rs. 19.11 as of 2nd quarter 2075/76. The cost of fund is at 9.29%.
Kamana Sewa Bikas Bank
Kamana Sewa Bikas Bank has also published its second-quarter report of FY 2075/76 today. The unaudited report shows that the net profit stands at Rs. 13.82 crores for this quarter. Last year, the microfinance was at loss of Rs. 13.60 crores in the second quarter.
The paid-up capital stands at Rs. 2.50 Arab. Similarly, reserve & surplus is at Rs. 1.05 Arab. The development bank has deposits of Rs. 17.29 and loans and advances of Rs. 15.74 Arab. Also, The company reported a net interest income of Rs. 37.84 crores in this period which is 22.56% more than previous year’s 2nd quarter.
The nonperforming loan stands at 1.67%. Annualized EPS is at Rs. 11.05 as per the 2nd quarter. The cost of fund is 8.89%.
Saptakoshi Development Bank
Similarly, Saptakoshi Development Bank has also published the 2nd quarter report of F.Y. 2075/76. The bank made a net profit of Rs. 1.46 crores till the second quarter. The net profit has risen by 33.86%. Last year, the company’s profit stood at Rs. 1.09 crores in the 2nd quarter.
The company has paid up capital of Rs. 50.85 crores, and reserve & surplus of Rs. 4.79 crores. The bank has a deposit collection of Rs. 1.55 Arab. The loans & advances stand at Rs. 1.47 Arab till the 2nd quarter. The net interest income has risen to Rs. 5.79 crores from Rs. 4.02 crores.
The non-performing loans stand at 1.31%. Also, the Earnings Per Share (EPS) is Rs. 5.74 as of 2nd quarter 2075/76. The cost of fund is at 8.06%.
