What is the financial progress of Prabhu Bank ?

Jan Sat 2023 03:39:04

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What is the financial progress of Prabhu Bank ?

Kathmandu. Prabhu Bank, which recently acquired Century Commercial Bank, has earned a profit of Rs. The second quarter financial statement of the current financial year 2079-80 published by the bank on Saturday showed this.

The bank has made a profit of 1 billion 199 million 61 thousand rupees by the end of January of the current year. Which is a decrease of 4.92 percent compared to the same period last year. In the second quarter of last year, the bank earned a profit of 1 billion 26 billion 20 lakh 10 thousand rupees.

During that period, the bank's net interest income increased by 20.03 percent and reached 3.39 billion 882 thousand rupees. By the end of January of the current year, the total operating income of the bank has been maintained at 4.35 billion 94 lakh 46 thousand rupees, while the operating profit has been maintained at 1.63 billion 41 lakh 94 thousand rupees.

The operating profit of the bank has decreased by 12.52 percent compared to last year. During that period, the distributable profit of the bank was Rs 36 crore 42 lakh 24 thousand. The paid up capital of the bank is 23 billion 54 crore 24 lakh 90 thousand rupees. 9 billion 44 crore 53 lakh 62 thousand rupees have been kept in the bank's reserves and funds.

During that period, the total deposits of the bank increased by 51.65 percent and reached 2 trillion 70 billion 92 million 33 lakh 79 thousand rupees. The bank's loan disbursement has also increased by 68.79 percent. By the end of January of the current year, the bank has invested 2 trillion 45 billion 38 crore 55 lakh 77 thousand rupees.

During that period, bad loans of the bank increased by 0.75 percent and reached 1.98 percent. The bank's earnings per share decreased by 9 rupees 67 paisa to 10 rupees 19 paise. The net worth per share is 140 rupees 12 paisa. During that period, the base rate of the bank was 11.44 percent.