Financial Performance of Kamana Sewa Bikas Bank (KSBBL) : Increase in Net Profit and Earnings Per Share
Author
Dipesh Ghimire
Kamana Sewa Bikas Bank Limited (KSBBL) has published its unaudited financial report for the fourth quarter of the last fiscal year. According to the report, the bank's net profit and earnings per share (EPS) have both increased compared to the same period of the previous fiscal year.
Financial Highlights
Net Profit
The bank achieved a net profit of NPR 603.2 million by the end of the last fiscal year, which is a 66.93% increase compared to NPR 361.3 million in the same period of the previous fiscal year.
Income and Profit
Net Interest Income: Increased by 2.78%
Net Fee and Commission Income: Increased by 11.42%
Total Operating Income: Increased by 7.08%
Operating Profit: Increased by 53.08%
Impairment Charge
The impairment charge decreased from NPR 522.6 million in the previous fiscal year to NPR 304 million in the last fiscal year. This reduction has contributed to the increase in the bank's net profit and operating profit.
Earnings Per Share (EPS) and Net Worth
Earnings Per Share (EPS): Increased by NPR 7.37 to NPR 18.38.
Net Worth Per Share: NPR 164.48
Paid-up Capital and Reserve Fund
Paid-up Capital: NPR 3.28 billion
Reserve Fund: NPR 2.11 billion
Deposits and Loans
Deposit Collection: NPR 59.07 billion
Loan Disbursement: NPR 45.94 billion
Conclusion
Kamana Sewa Bikas Bank has shown an excellent financial performance. There has been a notable increase in net profit and earnings per share. The reduction in impairment charges has positively impacted the bank's profitability. The bank's financial position is strong, indicating potential for even better performance in the future.
