Prabhu Bank Limited has published its unaudited financial statements for the first two quarters of the current fiscal year 2082/83 (B.S.). The bank reported a net profit of NPR 1.01457 billion, marking a 24.07% decrease compared to NPR 1.336138 billion in the same period last year. The decline in net profit is primarily attributed to an increase in impairment charges, even though net interest income rose moderately by 2.38% to NPR 4.9840 billion.
During the review period, the bank’s net fees and commissions grew by 4.6% to NPR 1.173787 billion, contributing to a slight 0.43% increase in total operating income, which reached NPR 6.696424 billion. However, operating profit fell by 22.1% to NPR 1.9665909 billion, down from NPR 2.522836 billion in the previous year, due to the surge in impairment charges from NPR 814.2 million to NPR 1.4556 billion.
Prabhu Bank’s distributable profit stood negative at NPR -3.356448 billion. The bank’s paid-up capital is NPR 23.5424 billion, with retained earnings also at NPR -3.356448 billion, while the reserve fund holds NPR 14.2270 billion. As of the end of Poush, the bank collected deposits totaling NPR 340.73732 billion and disbursed loans worth NPR 227.321174 billion, maintaining a credit-deposit (CD) ratio of 70.91%. Non-performing loans (NPLs) increased from 5.06% to 7.94% during the period.
The bank’s earnings per share (EPS) declined by NPR 2.73 to NPR 8.62. Net worth per share is NPR 183.30, and the price-to-earnings (P/E) ratio stands at 21.27 times. Prabhu Bank’s base rate remains at 5.36%.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
