Kumari Bank, Grand Bank post profit 29.15 cr & 20.05 cr

Kumari Bank Limited posted a lowly 5.82% growth in profit for the FY 2069/70. The bank made profits of Rs 29.15 crore, a slight growth over Rs 27.55 crore reported last year.

The bank’s deposits grew 15.16% to Rs 25.31 arba and its loans and advances increased 11.15% to Rs 20.11 arba.

Kumari’s EPS stands at Rs 18.18 and net worth at Rs 166.39.

Grand Bank has also reported a marginal growth in profit for FY 2069/70. The bank’s profit rose to Rs 20.05 crore, a 9.72% rise over Rs 18.27 crore earned in previous fiscal.

The bank’s deposits grew 28.62% to Rs 19.32 arba and its loans and advances rose 26.57% to Rs 14.52 arba.

Grand Bank’s EPS stands at Rs 10.03 and net worth at Rs 118.06.

Financial Highlights of Kumari Bank Limited and Grand Bank Limited
 (Rs. In '000')

Kumari Bank Limited  Particulars FY 2069/70 FY 2068/69 Growth (%) Net Profit (Rs.) 291548 275505 5.82% Operating Profit (Rs.) 464020 429139 8.13% Provision (Rs.) 316780 283220 11.85% Net Interest Income (Rs.) 978027 819088 19.40% Deposits (Rs.) 25318569 21985198 15.16% Loans and Advances (Rs.) 20119789 18101337 11.15% NPA (%) 2.91 2.21 31.67% Cost of Funds (%) 6.61 8.43 -21.59% EPS (Rs.) 18.18 17.19 5.76% P/E Ratio 14.3 14.08 1.56% Networth (Rs.) 166.39 155.22 7.20% Fiscal Year End Price (Rs.) 260 242 7.44%

Grand Bank Limited FY 2069/70 FY 2068/69 Growth (%) 200534 182773 9.72% 269459 207048 30.14% 194973 88975 119.13% 518663 399525 29.82% 19322277 15023186 28.62% 14526493 11476710 26.57% 3.52 1.28 175.00% 7.43 8.93 -16.80% 10.03 9.18 9.26% 17.55 23.71 -25.98% 118.06 115.08 2.59% 176 215 -18.14%