डिप्रोक्स लघुवित्त वित्तीय संस्थाको चौथो त्रैमासिक वित्तीय विवरणDeprosc Laghubitta Financial Statement: Q4 FY 2079/80
- वर्ग:Category:
- Financial Analysis
- प्रकाशित मिति:Published:
- Published on August 12, 2026
Deprosc Laghubitta Bittiya Sanstha Limited
Corporate Office - Sitapaila, Kathmandu
Interim Financial Statements
Unaudited Condensed Statement of Financial Position
As on Quarter ended 32nd Ashad 2080
NRs.
Particular This Quarter Ending Immediate Previous Year Ending
| Assets | ||
| Cash and Cash Equivalent | 1,993,932,053 | 1,382,190,544 |
| Statutory Balances and Due from Nepal Rastra Bank | - | - |
| Placement with Bank and Financial Institutions | 160,000,000 | 160,000,000 |
| Derivative Financial Instruments | - | - |
| Other Trading Assets | - | - |
| Loan and Advances to MFIs & Cooperatives | - | - |
| Loans and Advances to Customers | 27,282,218,224 | 25,174,234,214 |
| Investment Securities | 1,219,972 | 1,219,972 |
| Current Tax Assets | 9,820,045 | - |
| Investment Property | - | - |
| Property and Equipment | 80,977,812 | 68,919,251 |
| Goodwill and Intangible Assets | 26,798,295 | 26,986,707 |
| Deferred Tax Assets | 43,603,681 | 43,603,681 |
| Other Assets | 138,056,252 | 118,088,500 |
| Total Assets | 29,736,626,334 | 26,975,242,869 |
| Liabilities | ||
| Due to Bank and Financial Institutions | - | - |
| Due to Nepal Rastra Bank | - | - |
| Derivative Financial Instruments | - | - |
| Deposits from Customers | 12,972,269,156 | 11,016,415,194 |
| Borrowings | 11,570,855,675 | 11,683,369,685 |
| Current Tax Liabilities | - | 40,569,236 |
| Provisions | - | - |
| Deferred Tax Liabilities | - | - |
| Other Liabilities | 531,142,854 | 440,809,071 |
| Debt Securities Issued | - | - |
| Subordinated Liabilities | - | - |
| Total Liabilities | 25,074,267,685 | 23,181,163,186 |
| Equity | ||
| Share Capital | 2,055,114,266 | 1,868,285,696 |
| Share Premium | - | - |
| Retained Earning | 1,085,771,716 | 599,824,292 |
| Reserves | 1,521,472,667 | 1,325,969,695 |
| Total Equity | 4,662,358,649 | 3,794,079,683 |
| Total Liabilities and Equity | 29,736,626,334 | 26,975,242,869 |
Unaudited Condensed Statement of Profit or Loss
For the Quarter ended 32 Ashad, 2080
NRs.
| Particulars This Quarter Ending Upto This Quarter (YTD) Previous Year Corresponding This Quarter Ending Previous Year Corresponding Upto This Quarter (YTD) | ||||
| Interest Income | 986,467,238 | 3,687,342,442 | 816,239,290 | 3,553,669,390 |
| Interest Expense | (385,099,559) | (1,501,666,222) | (414,896,724) | (1,660,667,596) |
| Net Interest Income | 601,367,679 | 2,185,676,220 | 401,342,565 | 1,893,001,793 |
| Fee and Commission Income | 59,027,225 | 208,923,518 | 47,651,039 | 188,943,288 |
| Fee and Commission Expense | - | - | - | - |
| Net Fee and Commission Income | 59,027,225 | 208,923,518 | 47,651,039 | 188,943,288 |
| Net Interest Fee and Commission Income | 660,394,904 | 2,394,599,738 | 448,993,604 | 2,081,945,081 |
| Net Trading Income | - | - | - | - |
| Other Operating Income | 9,815,538 | 12,751,681 | 490,165 | 761,045 |
| Total Operating Income | 670,210,442 | 2,407,351,419 | 449,483,769 | 2,082,706,126 |
| Impairment (Charge)/reversal for Loans and Other Losses | 49,172,232 | 102,461,990 | 63,008,561 | (196,047,641) |
| Net Operating Income | 719,382,674 | 2,509,813,409 | 512,492,330 | 1,886,658,485 |
| Operating Expense | - | - | - | - |
| Personnel Expenses | (197,907,483) | (797,655,834) | (134,775,085) | (710,742,576) |
| Other Operating Expenses | (68,836,803) | (255,881,518) | (85,355,594) | (239,985,229) |
| Depreciation and Amortization | (4,994,687) | (17,827,593) | (10,161,451) | (22,108,759) |
| Operating Profit | 447,643,701 | 1,438,448,464 | 282,200,201 | 913,821,921 |
| Non-operating Income | 1,741,624 | 4,862,685 | 6,938,120 | 9,115,224 |
| Non-operating Expense | (6,424,442) | (28,732,881) | (18,536,814) | (35,016,625) |
| Profit Before Income Tax | 442,960,883 | 1,414,578,268 | 270,601,507 | 887,920,520 |
| Income Tax Expense | (133,649,150) | (425,134,365) | (126,252,612) | (311,058,717) |
| Current Tax | (133,649,150) | (425,134,365) | (127,077,537) | (312,273,241) |
| Deferred Tax Income/ (Expense) | - | - | 824,925 | 1,214,524 |
| Profit/(Loss) for the Period | 309,311,733 | 989,443,903 | 144,348,895 | 576,861,804 |
| Condensed Statement of Comprehensive Income | ||||
| Profit/(Loss) for the Period | 309,311,733 | 989,443,903 | 144,348,895 | 576,861,804 |
| Other Comprehensive Income | - | - | (2,938,155) | (2,938,155) |
| Total Comprehensive Income | 309,311,733 | 989,443,903 | 141,800,340 | 573,923,649 |
| Earnings per share: | ||||
| Basic earnings per share | - | 48.15 | - | 30.88 |
| Diluted earnings per Share | - | 48.15 | - | 30.88 |
Ratios as per NRB Directive
Particulars Current Year This Quarter Ending Current Year Upto This Quarter (YTD) Previous Year Corresponding This Quarter Ending Previous Year Corresponding Upto This Quarter (YTD)
| Capital Fund to RWA | - | - |
| Non-Performing Loan (NPL) to Total Loan | - | - |
| Total Loan Loss Provision to Total NPL | - | - |
| Cost of Funds | - | - |
| Credit to Deposit and Borrowing Ratio | - | - |
| Base Rate | - | - |
| Interest Rate Spread | - | - |
Statement of Distributable Profit or Loss
For the Quarter ended 32 Ashad, 2080
(As per NRB Regulation)
NRs.
Particulars Current Year Upto This Qtr YTD Previous Year Corresponding Qtr YTD
| Net profit or (loss) as per statement of profit or loss | 989,443,903 | 576,861,804 |
| Appropriations: | ||
| a. General reserve | (197,888,781) | (115,372,361) |
| b. Foreign exchange fluctuation fund | - | - |
| c. Capital redemption reserve | - | - |
| d. Corporate social responsibility fund | (9,894,439) | (5,768,618) |
| e. Employees' training fund | - | (1,936,247) |
| f. Client Protection Fund | (19,788,878) | (8,652,927) |
| g. Employee Welfare Fund | - | (5,769,000) |
| h. Structure/Reschedule Provision Write Back | - | 93,208,206 |
| i. Other | - | - |
| Profit or (loss) before regulatory adjustment | 761,871,805 | 532,570,857 |
| Regulatory adjustment: | ||
| a. Interest receivable (-)/previous accrued interest received (+) | 4,318,474 | (78,516,143) |
| b. Short loan loss provision in accounts (-)/reversal (+) | - | - |
| c. Short provision for possible losses on investment (-)/reversal (+) | - | - |
| d. Short loan loss provision on Non-Banking Assets (-)/reversal (+) | - | - |
| e. Deferred tax assets recognized (-)/ reversal (+) | - | (2,473,733) |
| f. Goodwill recognized (-)/ impairment of Goodwill (+) | - | - |
| g. Bargain purchase gain recognized (-)/reversal (+) | - | - |
| h. Actuarial loss recognized (-)/reversal (+) | - | (2,836,142) |
| i. Other (+/-) | 451,007 | - |
| Net Profit for the Qtr end Ashad 2080 | 766,190,279 | 449,195,846 |
| Opening Retained Earning as on Shrawan 1 2079 | 599,824,292 | 321,248,144 |
| Distribution: | ||
| Bonus shares issued | (186,828,570) | (162,088,713) |
| Cash Dividend paid | (93,414,285) | (8,530,985) |
| Total Distributable profit or (loss) as on Qtr end date | 1,085,771,716 | 599,824,292 |
| Annualized Distributable Profit/Loss per share | 52.83 | 32.11 |
Notes:
1. Above financial statements are prepared in accordance with Nepal Financial Reporting Standards (NFRS) issued by the Institute of Chartered Accountants of Nepal (ICAN).
2. The detailed interim financial report has been published on the official website (www.deproscbank.com.np).
3. Loans and Advances are presented net of impairment charges which also include staff loans under employee benefits.
4. Actuarial Valuation has not been carried out for Employee Benefits, which shall be made and adjusted on audited financial statements.
5. Personnel Expenses also include provision for employee bonus.
6. Previous period figures have been regrouped/rearranged/restated wherever necessary for consistent presentation and comparison.
The above figures are subject to change upon otherwise as per the direction of the Regulators and/or Statutory Auditor.
धितोपत्र दर्ता तथा निष्कासन नियमावली २०७३ नियम २६ उप नियम (१) संग सम्बन्धित अनुसूची १८ बमोजिमको
डिप्रोक्स लघुवित्त वित्तीय संस्था लिमिटेडको आ.व. २०७९/०८० को चौथो त्रैमासिक विवरण
१. वित्तीय विवरण :
क. त्रैमासिक अवधिको वासलात, नाफा-नोक्सान सम्बन्धी विवरण :
यस वित्तीय संस्थाको वासलात, नाफा-नोक्सान सम्बन्धी विवरण यसैसाथ प्रकाशित गरिएको छ । उल्लेखित वित्तीय विवरण यस संस्थाको आधिकारिक वेवसाइट www.deproscbank.com.np मा समेत प्रकाशन गरिएको छ । साथै, यस वित्तीय संस्थाको सम्बन्धित पक्षहरूसँगको कारोबार देहाय बमोजिम रहेको छ ।
क्र.सं सम्बन्धित पक्ष सम्बन्ध सापटी कारोबार (रू.) निक्षेप कारोबार (रू.)
| १ नेपाल बैंक लिमिटेड संस्थापक/सञ्चालक | १,४८६,५१४,३३०.०० | ५१३,३९९,४७९.५३ |
| २ नबिल बैंक लिमिटेड संस्थापक | ९,९३०,०००,०००.०० | १३,२०५,१८०.१२ |
| ३ कृषि विकास बैंक लिमिटेड संस्थापक/सञ्चालक | ४५०,०००,०००.०० | ३४,३२१,२५३.२८ |
| ४ लुम्बिनी विकास बैंक लिमिटेड संस्थापक/सञ्चालक | ४९०,२९४,६६७.७२ | ५,०२९,४५१.२१ |
ख. न्यूनतम रूपमा प्रमुख वित्तीय अनुपातहरू :
सोही अवधिमा प्रति शेयर आम्दानी मूल्य आम्दानी अनुपात प्रति शेयर नेटवर्थ प्रति शेयर कुल सम्पत्तिको मूल्य तरलता अनुपात प्रतिशत
| यस वर्ष रु. | ४८.१५ | १७.६५ | २२६.८७ | १,४४६.९६ | ८.१२ |
| गत वर्ष रु. | ३०.८८ | २८.५७ | २०३.०८ | १,४४३.८५ | ६.०९ |
२. व्यवस्थापकीय विश्लेषण :
क. त्रैमासिक अवधिमा संस्थाको मौज्दात, आम्दानी र तरलतामा कुनै परिवर्तन भएको भए सो को प्रमुख कारण सम्बन्धी विवरण :
आर्थिक मन्दी, उर्जा र खाद्य पदार्थहरूको मूल्यमा भएको वृद्धि र लघुवित्त विरोधी गतिविधि जस्ता प्रतिकुल व्यावसायिक वातावरणमा पनि संस्थाको व्यवसाय सुचारु रहेको छ । लघुवित्त वित्तीय संस्थाहरू कुनै शहरी क्षेत्रमा सिर्जना गर्ने, कर्जा नतिर्न उक्साउने जस्ता कार्यहरूको निरन्तरताको कारण निष्कृय कर्जा ६.४९ प्रतिशत रहेको छ । यसलाई नियन्त्रणमा राख्न व्यवस्थापन निरन्तर क्रियाशील रहेको छ । समीक्षा अवधिमा नेपाल राष्ट्र बैंकको निर्देशन अनुसार आधारदर तथा व्याजदरमा आएको कमीको कारण व्याज आम्दानी ३.७६ प्रतिशतले वृद्धि भएको, व्याज खर्च ९.५७ प्रतिशतले कमी भएको र कर्जाको गुणस्तरमा सुधार भएको कारण गत आ.व. को सोही अवधिको तुलनामा खुद नाफामा ७१.५० प्रतिशतले वृद्धि भएको छ । समीक्षा २०७९ माघ १ गते पश्चात् लगानी गरिएका सबै कर्जाहरूको कर्जा सुरक्षा कोषबाट संरक्षण गर्दै आएको छ । उक्त सुरक्षामा भाका नाघेको कर्जाहरू समेत समावेश छ ।
ख. आगामी अवधिको व्यवसायिक योजना सम्बन्धमा व्यवस्थापनको विश्लेषणात्मक विवरण :
वित्तीय क्षेत्रमा आत्मनिर्भरता बढाउन सदस्यहरूबाट बचत परिचालन गर्ने नीतिलाई थप प्रभावकारी बनाइनेछ । सदस्यहरूलाई डिजिटल पासबुक, Tablet Banking, Mobile Banking र एसएमएस अलर्ट, कल अलर्ट तथा वालेट सेवा मार्फत थप सेवा विस्तार गर्दै लगिनेछ ।
कर्मचारीहरूलाई केन्द्र सञ्चालन गर्नुका साथै DFA (Digital Field Application) एप्लिकेसन कार्यान्वयनमा ल्याइएको छ । सदस्यहरूको डिजिटल साक्षरता बढाउने विशेष सभा र समूहमा लक्षित कार्यक्रमलाई निरन्तरता दिइनेछ । कर्मचारीहरूको संस्थाप्रति अपनत्व अभिवृद्धि गर्न वित्तीय दायराका विभिन्न कार्यक्रम गरिनेछ ।
सदस्यहरूलाई वित्तीय साक्षरता सम्बन्धी गोष्ठी तथा प्रदेश सरकारसँग समन्वय गरी आयमूलक तालिम सञ्चालन गर्दै आयको दायरा फराकिलो बनाइनेछ ।
सम्पत्ति शुद्धीकरण निवारण कार्यको प्रभावकारी कार्यान्वयन गर्न अनुगमन कार्यलाई प्रभावकारी बनाइनेछ ।
चालु आ.व. को यस त्रैमासको अन्त्यसम्ममा वित्तीय संस्थाले हासिल गरेको प्रगति निम्नानुसार रहेको छ ।
| विवरण चालु आ.व. (२०७९/०८०) आषाढ मसान्त चालु आ.व. (२०७८/०७९) आषाढ मसान्त प्रगति प्रतिशत | |||
| कुल सदस्य संख्या | २६६,४२९ | २७६,२४८ | ३.६९ |
| बाँकी ऋणी (संख्यामा) | २५,६४३,९१३ | २९,६५३,०८१ | ७.८४ |
| कुल बचत (रू. हजारमा) | ११,०१६,४१५ | १२,९७२,२६९ | १५.७५ |
३. विगतको अनुभवबाट संगठित संस्थाको मौज्दात, नाफा वा नगद प्रवाहमा तात्विक असर पार्न सक्ने अवस्था आदि भएमा सो सम्बन्धी विश्लेषणात्मक विवरण :
बैंक तथा वित्तीय संस्थाहरू निम्न वर्गको लागि लघुवित्त संस्थाहरूलाई प्रवाह गर्ने लगानीयोग्य रकमको विस्तार, थोक कर्जाको प्रकार तथा व्याजदरको कारण लागतमा सुधारहुनसक्छ ।
४. कानूनी कारवाही सम्बन्धी विवरण :
(क) त्रैमासिक अवधिमा संगठित संस्थाले वा संस्थाको विरुद्ध कुनै मुद्दा दायर भएको भए,
- गलत क्रियाकलापको कारण हटाइएका ३ जना कर्मचारीहरू सम्बद्ध श्रम अदालतले गरेको पुनर्वहालीको फैसला उपर चित्त नबुझी यस संस्थाले मिति २०८० कात्तिक २४ गते सर्वोच्च अदालतमा दायर गरेको मुद्दा विचाराधीन छ ।
- सदस्यको बचत रकम अपचलन/हिनामिना गरेको कसूरमा १ जना कर्मचारीविरुद्ध जिल्ला अदालत काठमाडौँमा दायर गरेको मुद्दा विचाराधीन छ ।
- सदस्यको बचत रकम अपचलन/हिनामिना गरेको कसूरमा सेवाबाट हटाइएका २ जना कर्मचारीहरूविरुद्ध पुनर्वहालीका लागि सर्वोच्च अदालतमा दायर गरेको मुद्दा विचाराधीन छ ।
- सर्वोच्च अदालतमा भूमि सुधार तथा मालपोत कार्यालय महेन्द्रनगर कञ्चनपुर विरुद्ध उत्प्रेषण रिट दर्ता गरिएकोमा अन्तरिम आदेश जारी भएको छ ।
(ख) संगठित संस्थाको संस्थापक वा सञ्चालकले वा संस्थापक वा सञ्चालकको विरुद्ध प्रचलित नियमको अवज्ञा वा फौजदारी अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर भएको वा भएको भए,
यस संस्थाको संस्थापक/सञ्चालकले वा संस्थापक/सञ्चालकविरुद्ध नियमको अवज्ञा वा फौजदारी अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर गरेको जानकारी प्राप्त भएको छैन ।
(ग) कुनै संस्थापक वा सञ्चालक विरुद्ध आर्थिक अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर भएको भए,
यस सम्बन्धमा कुनै मुद्दा दायर भएको जानकारी प्राप्त भएको छैन ।
५. संगठित संस्थाको शेयर कारोबार सम्बन्धी विश्लेषण :
क. धितोपत्र बजारमा भएको संगठित संस्थाको शेयरको कारोबार सम्बन्धमा व्यवस्थापनको धारणा :
यस वित्तीय संस्थाको शेयर कारोबार धितोपत्र बजारमा स्वतन्त्र रूपमा भइरहेको छ ।
ख. त्रैमासिक अवधिको शेयरको अधिकतम, न्यूनतम, अन्तिम मूल्य, कारोबार भएको कुल दिन र कारोबार संख्या :
यस त्रैमासिक अवधिको शेयरको अधिकतम, न्यूनतम, अन्तिम मूल्य, कारोबार भएको कुल दिन र कारोबार संख्या निम्न बमोजिम छ ।
(नेपाल स्टक एक्सचेञ्जको वेवसाइटमा आधारित)
अधिकतम मूल्य रु. न्यूनतम मूल्य रु. अन्तिम मूल्य रु. कारोबार भएको कुल दिन कारोबार संख्या शेयर संख्या
९००.०० ८१३.०० ८५०.०० ६४ ४,३६६ ४९९,७२०
६. समस्या तथा चुनौती :
संस्थाले आन्तरिक र बाह्य समस्या तथा चुनौतीहरू सामना गर्न देहाय बमोजिम रणनीति अवलम्बन गर्दै आएको छ।
क्र.सं समस्या तथा चुनौतीहरू प्रकृति सामना गर्न व्यवस्थापनले लिएका रणनीतिहरू
क कर्मचारीहरू पलायन हुने जोखिम आन्तरिक तालिम, उत्प्रेरणा र वृत्ति विकास
ख पर्याप्त पूर्वाधारको कमी आन्तरिक आर्थिक स्रोतले भ्याएसम्म व्यवस्थापन
ग कार्यस्थलमा कर्मचारीको सुरक्षा बाह्य सतर्कता, सुरक्षा निकायहरूसँग समन्वय
घ लघुवित्त विरोधी गतिविधिहरू बाह्य वित्तीय साक्षरता सम्बन्धी कार्यक्रम
ङ सदस्यको समूह दायित्व प्रतिको उदासीनता बाह्य सदस्यहरूलाई पुनर्जागृती तालिम
च कोरोना महामारीले पारेको दीर्घकालीन प्रभाव र आर्थिक मन्दी बाह्य सदस्यहरूलाई व्यवसायिक तालिम
छ बैंकिङ्ग क्षेत्रमा देखिएको लगानीयोग्य रकम र तरलतामा कमी बाह्य आन्तरिक स्रोत तथा बचत परिचालन
ज परिवर्तित नियमनकारी निर्देशनाले व्यवसायमा पार्ने प्रभाव बाह्य निर्देशनको अधीनमा रही अवसरको सदुपयोग
७. संस्थागत सुशासन :
संस्थागत सुशासनका लागि कम्पनीको सञ्चालक समिति, लेखापरीक्षण समिति, जोखिम व्यवस्थापन समिति, कर्मचारी सेवा सुविधा समिति, सम्पत्ति शुद्धीकरण अनुगमन समिति, सम्पत्ति दायित्व व्यवस्थापन समिति, कर्मचारी पदपूर्ति लगायत विभिन्न आन्तरिक समिति तथा उप-समितिहरू मार्फत व्यावसायिक योजना तथा कार्यक्रमको तर्जुमा गरी सोही बमोजिम कार्य सम्पादन गर्न/गराउने, सम्पादन गरिएका कार्यहरूको अनुगमन गर्ने र सोही समीक्षाको आधारमा उपयुक्त रणनीति अवलम्बन गरी कार्यलाई निरन्तरता दिइएको छ। नेपाल राष्ट्र बैंकबाट लघुवित्त संस्थाहरूलाई जारी गरिएको निर्देशनहरूको साथै बैंक तथा वित्तीय संस्था सम्बन्धी ऐन २०७३, कम्पनी ऐन २०६३, नेपाल राष्ट्र बैंक ऐन २०५८, धितोपत्र ऐन २०६३ लगायत अन्य सम्बन्धित ऐन र कानुनको अनुपालना गरिनुका साथै आवश्यकता अनुसार संस्थाको कार्यविधिलाई सबल र सक्षम बनाउन आवश्यक नीति नियमहरू बनाई लागू गरिएको छ ।
८. सत्य तथ्यता सम्बन्धमा कार्यकारी प्रमुखको उद्घोषण :
यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरूको शुद्धता सम्बन्धमा म व्यक्तिगत रूपमा उत्तरदायित्व लिन्छु । साथै म उद्घोषण गर्दछु "मैले जाने बुझेसम्म यस प्रतिवेदनमा उल्लेखित विवरणहरू सत्य, तथ्य र पूर्ण हुनुका साथै लगानीकर्ताहरूलाई सुसूचित भई निर्णय लिन आवश्यक कुनै विवरण, सूचना तथा जानकारीहरू लुकाइएको छैन ।"
Deprosc Laghubitta Bittiya Sanstha Limited
Corporate Office - Sitapaila, Kathmandu
Interim Financial Statements
Unaudited Condensed Statement of Financial Position
As on Quarter ended 32nd Ashad 2080
NRs.
Particular This Quarter Ending Immediate Previous Year Ending
| Assets | ||
| Cash and Cash Equivalent | 1,993,932,053 | 1,382,190,544 |
| Statutory Balances and Due from Nepal Rastra Bank | - | - |
| Placement with Bank and Financial Institutions | 160,000,000 | 160,000,000 |
| Derivative Financial Instruments | - | - |
| Other Trading Assets | - | - |
| Loan and Advances to MFIs & Cooperatives | - | - |
| Loans and Advances to Customers | 27,282,218,224 | 25,174,234,214 |
| Investment Securities | 1,219,972 | 1,219,972 |
| Current Tax Assets | 9,820,045 | - |
| Investment Property | - | - |
| Property and Equipment | 80,977,812 | 68,919,251 |
| Goodwill and Intangible Assets | 26,798,295 | 26,986,707 |
| Deferred Tax Assets | 43,603,681 | 43,603,681 |
| Other Assets | 138,056,252 | 118,088,500 |
| Total Assets | 29,736,626,334 | 26,975,242,869 |
| Liabilities | ||
| Due to Bank and Financial Institutions | - | - |
| Due to Nepal Rastra Bank | - | - |
| Derivative Financial Instruments | - | - |
| Deposits from Customers | 12,972,269,156 | 11,016,415,194 |
| Borrowings | 11,570,855,675 | 11,683,369,685 |
| Current Tax Liabilities | - | 40,569,236 |
| Provisions | - | - |
| Deferred Tax Liabilities | - | - |
| Other Liabilities | 531,142,854 | 440,809,071 |
| Debt Securities Issued | - | - |
| Subordinated Liabilities | - | - |
| Total Liabilities | 25,074,267,685 | 23,181,163,186 |
| Equity | ||
| Share Capital | 2,055,114,266 | 1,868,285,696 |
| Share Premium | - | - |
| Retained Earning | 1,085,771,716 | 599,824,292 |
| Reserves | 1,521,472,667 | 1,325,969,695 |
| Total Equity | 4,662,358,649 | 3,794,079,683 |
| Total Liabilities and Equity | 29,736,626,334 | 26,975,242,869 |
Unaudited Condensed Statement of Profit or Loss
For the Quarter ended 32 Ashad, 2080
NRs.
| Particulars This Quarter Ending Upto This Quarter (YTD) Previous Year Corresponding This Quarter Ending Previous Year Corresponding Upto This Quarter (YTD) | ||||
| Interest Income | 986,467,238 | 3,687,342,442 | 816,239,290 | 3,553,669,390 |
| Interest Expense | (385,099,559) | (1,501,666,222) | (414,896,724) | (1,660,667,596) |
| Net Interest Income | 601,367,679 | 2,185,676,220 | 401,342,565 | 1,893,001,793 |
| Fee and Commission Income | 59,027,225 | 208,923,518 | 47,651,039 | 188,943,288 |
| Fee and Commission Expense | - | - | - | - |
| Net Fee and Commission Income | 59,027,225 | 208,923,518 | 47,651,039 | 188,943,288 |
| Net Interest Fee and Commission Income | 660,394,904 | 2,394,599,738 | 448,993,604 | 2,081,945,081 |
| Net Trading Income | - | - | - | - |
| Other Operating Income | 9,815,538 | 12,751,681 | 490,165 | 761,045 |
| Total Operating Income | 670,210,442 | 2,407,351,419 | 449,483,769 | 2,082,706,126 |
| Impairment (Charge)/reversal for Loans and Other Losses | 49,172,232 | 102,461,990 | 63,008,561 | (196,047,641) |
| Net Operating Income | 719,382,674 | 2,509,813,409 | 512,492,330 | 1,886,658,485 |
| Operating Expense | - | - | - | - |
| Personnel Expenses | (197,907,483) | (797,655,834) | (134,775,085) | (710,742,576) |
| Other Operating Expenses | (68,836,803) | (255,881,518) | (85,355,594) | (239,985,229) |
| Depreciation and Amortization | (4,994,687) | (17,827,593) | (10,161,451) | (22,108,759) |
| Operating Profit | 447,643,701 | 1,438,448,464 | 282,200,201 | 913,821,921 |
| Non-operating Income | 1,741,624 | 4,862,685 | 6,938,120 | 9,115,224 |
| Non-operating Expense | (6,424,442) | (28,732,881) | (18,536,814) | (35,016,625) |
| Profit Before Income Tax | 442,960,883 | 1,414,578,268 | 270,601,507 | 887,920,520 |
| Income Tax Expense | (133,649,150) | (425,134,365) | (126,252,612) | (311,058,717) |
| Current Tax | (133,649,150) | (425,134,365) | (127,077,537) | (312,273,241) |
| Deferred Tax Income/ (Expense) | - | - | 824,925 | 1,214,524 |
| Profit/(Loss) for the Period | 309,311,733 | 989,443,903 | 144,348,895 | 576,861,804 |
| Condensed Statement of Comprehensive Income | ||||
| Profit/(Loss) for the Period | 309,311,733 | 989,443,903 | 144,348,895 | 576,861,804 |
| Other Comprehensive Income | - | - | (2,938,155) | (2,938,155) |
| Total Comprehensive Income | 309,311,733 | 989,443,903 | 141,800,340 | 573,923,649 |
| Earnings per share: | ||||
| Basic earnings per share | - | 48.15 | - | 30.88 |
| Diluted earnings per Share | - | 48.15 | - | 30.88 |
Ratios as per NRB Directive
Particulars Current Year This Quarter Ending Current Year Upto This Quarter (YTD) Previous Year Corresponding This Quarter Ending Previous Year Corresponding Upto This Quarter (YTD)
| Capital Fund to RWA | - | - |
| Non-Performing Loan (NPL) to Total Loan | - | - |
| Total Loan Loss Provision to Total NPL | - | - |
| Cost of Funds | - | - |
| Credit to Deposit and Borrowing Ratio | - | - |
| Base Rate | - | - |
| Interest Rate Spread | - | - |
Statement of Distributable Profit or Loss
For the Quarter ended 32 Ashad, 2080
(As per NRB Regulation)
NRs.
Particulars Current Year Upto This Qtr YTD Previous Year Corresponding Qtr YTD
| Net profit or (loss) as per statement of profit or loss | 989,443,903 | 576,861,804 |
| Appropriations: | ||
| a. General reserve | (197,888,781) | (115,372,361) |
| b. Foreign exchange fluctuation fund | - | - |
| c. Capital redemption reserve | - | - |
| d. Corporate social responsibility fund | (9,894,439) | (5,768,618) |
| e. Employees' training fund | - | (1,936,247) |
| f. Client Protection Fund | (19,788,878) | (8,652,927) |
| g. Employee Welfare Fund | - | (5,769,000) |
| h. Structure/Reschedule Provision Write Back | - | 93,208,206 |
| i. Other | - | - |
| Profit or (loss) before regulatory adjustment | 761,871,805 | 532,570,857 |
| Regulatory adjustment: | ||
| a. Interest receivable (-)/previous accrued interest received (+) | 4,318,474 | (78,516,143) |
| b. Short loan loss provision in accounts (-)/reversal (+) | - | - |
| c. Short provision for possible losses on investment (-)/reversal (+) | - | - |
| d. Short loan loss provision on Non-Banking Assets (-)/reversal (+) | - | - |
| e. Deferred tax assets recognized (-)/ reversal (+) | - | (2,473,733) |
| f. Goodwill recognized (-)/ impairment of Goodwill (+) | - | - |
| g. Bargain purchase gain recognized (-)/reversal (+) | - | - |
| h. Actuarial loss recognized (-)/reversal (+) | - | (2,836,142) |
| i. Other (+/-) | 451,007 | - |
| Net Profit for the Qtr end Ashad 2080 | 766,190,279 | 449,195,846 |
| Opening Retained Earning as on Shrawan 1 2079 | 599,824,292 | 321,248,144 |
| Distribution: | ||
| Bonus shares issued | (186,828,570) | (162,088,713) |
| Cash Dividend paid | (93,414,285) | (8,530,985) |
| Total Distributable profit or (loss) as on Qtr end date | 1,085,771,716 | 599,824,292 |
| Annualized Distributable Profit/Loss per share | 52.83 | 32.11 |
Notes:
1. Above financial statements are prepared in accordance with Nepal Financial Reporting Standards (NFRS) issued by the Institute of Chartered Accountants of Nepal (ICAN).
2. The detailed interim financial report has been published on the official website (www.deproscbank.com.np).
3. Loans and Advances are presented net of impairment charges which also include staff loans under employee benefits.
4. Actuarial Valuation has not been carried out for Employee Benefits, which shall be made and adjusted on audited financial statements.
5. Personnel Expenses also include provision for employee bonus.
6. Previous period figures have been regrouped/rearranged/restated wherever necessary for consistent presentation and comparison.
The above figures are subject to change upon otherwise as per the direction of the Regulators and/or Statutory Auditor.
Fourth Quarter Financial Details of Deprosc Laghubitta Bittiya Sanstha Limited as per Schedule 18 related to Rule 26 Sub-rule (1) of Securities Registration and Issuance Regulations 2073, FY 2079/080
1. Financial Statements:
a. Details related to quarterly Balance Sheet and Profit and Loss:
The Balance Sheet and Profit-Loss Statement of this financial institution are published herewith. The mentioned financial details are also published on the institution's official website www.deproscbank.com.np. Additionally, transactions with related parties of this financial institution are as follows.
S.N. Related Party Relationship Borrowing Transaction (Rs.) Deposit Transaction (Rs.)
| 1 Nepal Bank Limited Promoter/Director | 1,486,514,330.00 | 513,399,479.53 |
| 2 Nabil Bank Limited Promoter | 9,930,000,000.00 | 13,205,180.12 |
| 3 Agriculture Development Bank Limited Promoter/Director | 450,000,000.00 | 34,321,253.28 |
| 4 Lumbini Bikas Bank Limited Promoter/Director | 490,294,667.72 | 5,029,451.21 |
b. Key Financial Ratios at Minimum:
In the same period Earnings per Share Price Earnings Ratio Net Worth per Share Total Assets Value per Share Liquidity Ratio Percentage
| This Year Rs. | 48.15 | 17.65 | 226.87 | 1,446.96 | 8.12 |
| Previous Year Rs. | 30.88 | 28.57 | 203.08 | 1,443.85 | 6.09 |
2. Management Analysis:
a. Statement regarding major causes if there is any change in the institution's stock, income, and liquidity during the quarterly period:
Even in adverse business environments such as economic recession, rise in prices of energy and food items, and anti-microfinance activities, the institution's business has remained smooth. Non-performing loans stand at 6.49 percent due to the continuity of activities like creating anti-microfinance institution sentiments in urban areas and inciting non-payment of loans. Management is continuously active in keeping this under control. During the review period, interest income increased by 3.76 percent due to the drop in base rate and interest rate as per Nepal Rastra Bank directives, interest expenses decreased by 9.57 percent, and due to improvement in loan quality, net profit increased by 71.50 percent compared to the same period of the previous fiscal year. All loans invested after Magh 1, 2079 have been protected under the loan protection fund. Overdue loans are also included in said protection.
b. Analytical statement of management regarding the upcoming period's business plan:
To increase self-reliance in the financial sector, the policy of mobilizing savings from members will be made more effective. Additional service expansion will be carried out for members through Digital Passbook, Tablet Banking, Mobile Banking, SMS Alerts, Call Alerts, and Wallet Services.
Along with operating centers for staff, DFA (Digital Field Application) application has been implemented. Special assemblies and group-targeted programs to enhance members' digital literacy will be continued. Various financial domain programs will be conducted to enhance staff's sense of ownership towards the institution.
Income generation training will be conducted in coordination with provincial governments and financial literacy workshops to broaden the income scope of members.
To effectively implement Anti-Money Laundering activities, monitoring tasks will be made effective.
The progress achieved by the financial institution up to the end of this quarter of the current fiscal year is as follows.
Particulars Current FY (2079/080) Ashad End Current FY (2078/079) Ashad End Progress Percentage
| Total Member Count | 266,429 | 276,248 | 3.69 |
| Remaining Borrowers (in number) | 25,643,913 | 29,653,081 | 7.84 |
| Total Savings (Rs. in thousands) | 11,016,415 | 12,972,269 | 15.75 |
3. Analytical statement regarding situation from past experience that could materially impact stock, profit, or cash flow:
Cost can improve due to expansion of investable funds disbursed by banks and financial institutions to microfinance institutions for the underprivileged sector, wholesale loan types, and interest rates.
4. Legal Proceedings Details:
(a) In case any lawsuit has been filed by or against the corporate body during the quarterly period,
- Unaligned with the reinstatement decision of the Labour Court regarding 3 employees terminated due to misconduct, the lawsuit filed by this institution at the Supreme Court on date 2080 Kartik 24 remains sub-judice.
- A case filed against 1 employee at the District Court Kathmandu regarding the offense of embezzlement/misappropriation of member savings remains sub-judice.
- The lawsuit filed at the Supreme Court for reinstatement against 2 employees terminated from service for the offense of misappropriation/embezzlement of member savings remains sub-judice.
- A certiorari writ registered at the Supreme Court against the Land Revenue and Reform Office Mahendranagar Kanchanpur has received an interim order.
(b) If any lawsuit has been filed regarding non-compliance with prevailing rules or criminal offense by or against promoters or directors of the corporate entity,
No information has been received regarding any lawsuit filed against or by promoter/director of this institution concerning disobedience of rules or criminal offense.
(c) If any lawsuit has been filed against any promoter or director regarding financial crime,
No information has been received regarding any lawsuit filed in this context.
5. Analysis Regarding Share Transaction of Corporate Entity:
a. Management's view regarding transaction of shares of the corporate entity in the stock market:
Shares of this financial institution are being traded freely in the securities market.
b. Maximum, minimum, closing price, total days traded, and transaction count of shares during the quarterly period:
Maximum, minimum, closing price, total days traded, and transaction count of shares for this quarterly period are as follows:
(Based on Nepal Stock Exchange Website)
Maximum Price Rs. Minimum Price Rs. Closing Price Rs. Total Days Traded Total Transactions Total Shares
900.00 813.00 850.00 64 4,366 499,720
6. Problems and Challenges:
The institution has been adopting strategies as follows to tackle internal and external problems and challenges:
S.N. Problems and Challenges Nature Strategies Taken by Management to Face
a Employee attrition risk Internal Training, motivation, and career development
b Lack of adequate infrastructure Internal Management as far as financial resources allow
c Employee safety at workplace External Alertness, coordination with security agencies
d Anti-microfinance activities External Financial literacy programs
e Member indifference towards group liability External Re-awareness training for members
f Long term impact of Corona pandemic and economic slowdown External Vocational training for members
g Shortage of investable funds and liquidity in banking sector External Mobilizing internal resources and savings
h Impact on business due to changing regulatory directives External Capitalizing on opportunities while remaining compliant
7. Corporate Governance:
For corporate governance, internal committees and sub-committees such as the Board of Directors, Audit Committee, Risk Management Committee, Employee Services and Facilities Committee, Anti-Money Laundering Monitoring Committee, Asset Liability Management Committee, and Employee Recruitment Committee formulate business plans and programs, execute work accordingly, monitor executed work, and continue work by adopting appropriate strategies based on such reviews. Directives issued by Nepal Rastra Bank to microfinance institutions as well as the Banks and Financial Institutions Act 2073, Companies Act 2063, Nepal Rastra Bank Act 2058, Securities Act 2063, and other relevant laws and regulations are complied with, and necessary policies and rules are framed and enforced to strengthen and empower institutional procedures as needed.
8. Chief Executive Officer's Declaration on Truthfulness:
I personally take responsibility for the accuracy of information and details mentioned in this report. Furthermore, I declare "To the best of my knowledge and belief, the details mentioned in this report are true, factual, and complete, and no details, notices, or information required for investors to make informed decisions have been concealed."