Green Development Bank Limited has released its unaudited financial results for the fourth quarter of the fiscal year. The bank’s net profit increased by 79.53 percent, reaching NPR 6.94 crore, compared to NPR 3.87 crore in the same period last year.
The rise in profit is attributed to higher net interest income and a significant reduction in impairment charges.
Net interest income grew by 17.73 percent to NPR 20.20 crore, while operating income increased by 19.26 percent to NPR 23.30 crore. Meanwhile, impairment charges dropped substantially from NPR 2.90 crore to NPR 68 lakh.
The bank’s non-performing loan (NPL) ratio slightly increased by 0.15 percentage points to 3.33 percent.
During the review period, the bank mobilized deposits amounting to NPR 637.65 crore and extended loans totaling NPR 473.50 crore.
The bank’s paid-up capital stands at NPR 56.96 crore, with distributable profit of NPR 6.08 crore and reserves amounting to NPR 12.59 crore. Earnings per share (EPS) rose by NPR 5.01 to NPR 12.18, while the net worth per share is NPR 122.11.
Additional financial indicators include a capital adequacy ratio of 14.77 percent, a price-to-earnings (P/E) ratio of 122.07 times, a base rate of 8.02 percent, and an interest rate spread of 4.35 percent.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
