Banking News – Kamana Sewa Development Bank has made public its financial statement for the first quarter (Shrawan-Ashoj) of the current fiscal year 2083/84. According to the statement, the bank’s net profit has increased slightly compared to the same period of the previous fiscal year. According to the financial statement, the bank succeeded in earning a net profit of Rs 23 crore 11 lakh by Ashoj of the current fiscal year. During the review period, the bank’s profit increased by 17.01 percent compared to the previous year.

By the review period, the bank earned an operating profit of Rs 33 crore 87 lakh. By the same period last year, the bank had earned an operating profit of Rs 28 crore 46 lakh. Operating profit has also increased by 19.02 percent compared to the previous year. By Ashoj of the current year, the bank’s net interest income stood at Rs 62 crore 64 lakh, which is 1.43 percent higher than the previous year. By the same period last year, the bank’s net interest income was Rs 61 crore 76 lakh. By the review period, the bank’s distributable profit stands at Rs 15 crore 21 lakh. Accordingly, the bank has the capacity to distribute a 15.56 percent dividend by Ashoj of the current fiscal year.

By Ashoj of the previous fiscal year, the bank had collected deposits of Rs 67 arab 90 crore 47 lakh and invested loans of Rs 56 arab 34 crore 53 lakh. By the same period last year, the bank had collected deposits of Rs 66 arab 17 crore 75 lakh and invested loans of Rs 54 arab 20 crore 38 lakh.

Along with deposit collection, the bank’s loan investment has also increased. This shows that the bank is making progress in business. By the review period, the bank’s annualized earnings per share (EPS) has increased to Rs 23.13. In the previous year, the bank’s EPS was Rs 20.46. The bank’s P/E ratio stands at 20.58 times and net worth per share at Rs 161.84. The bank, with a paid-up capital of Rs 4 arab 21 crore 19 lakh, has accumulated Rs 2 arab 38 crore 83 lakh in its reserve fund. By the end of the first quarter, the bank had collected deposits of Rs 67 arab 90 crore 47 lakh and disbursed loans of Rs 56 arab 34 crore 53 lakh.