Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Prabhu Bank Limited has posted a staggering 965.40% jump in net profit for the fiscal year 2081/82, earning Rs 5.44 billion compared to Rs 510.85 million in the previous year.
The sharp profit surge comes despite a 39.46% drop in net interest income, which fell to Rs 7.19 billion from Rs 11.89 billion a year earlier. The bank’s net fee and commission income rose 15.81% to Rs 2.21 billion, while total operating income declined 27.27% to Rs 10.57 billion. Operating profit, however, climbed 60.82% to Rs 6.28 billion.
Prabhu Bank’s distributable profit reached Rs 1.04 billion, giving it a dividend-paying capacity of 4.44%. This marks a turnaround from the previous year, when distributable profit stood at a negative Rs 3.02 billion. The bank’s paid-up capital stands at Rs 23.54 billion, with reserves totaling Rs 13.55 billion.
Deposits grew 12.18% to Rs 3.42 trillion, while loans increased 4.21% to Rs 2.30 trillion. In the previous fiscal year, deposits stood at Rs 3.05 trillion and loans at Rs 2.21 trillion.
Earnings per share surged to Rs 23.12 from Rs 2.17 last year, while net worth per share was reported at Rs 162. The price-to-earnings ratio stands at 9.60 times. Non-performing loans inched up to 4.96% from 4.94%, and return on equity reached 14.95%.
Analysts say the results reflect improved operational efficiency and recovery from previous financial setbacks, positioning Prabhu Bank for stronger dividend payouts in the coming years.
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