Monday, August 12, 2013

Metro Development profits 2.14cr, Siddhartha Dev posts loss 32.99cr, Nepal Awas Finance profit 2.17 cr

Metro Development Bank has posted an impressive 90.59% jump in profits for FY 2069/70. The bank made a profit of Rs 2.14 crore as compared to Rs 1.12 crore in the last fiscal. Deposits increased 54.74% to Rs 1.1 arba and and loans and advances climbed 63.70% to Rs 99.19 crore. The bank’s EPS stands at Rs 20.20 and net worth at Rs 126.42.

Siddhartha Development Bank has posted a net loss of Rs 32.99 crore for the FY 2069/70, which is an improvement from the last year’s loss of Rs 72.90 crore. The bank’s deposits fell to Rs 4.84 arba from Rs 4.95 arba collected in the last fiscal. Meanwhile, loans and advances increased to Rs 3.59 arba from Rs 3.35 arba in the last fiscal.

Nepal Awas Finance’s profits plunged 29.89% in the FY 2069/70. The company had earned a profit of Rs 2.17 crore in the last fiscal, but earnings fell to Rs 1.52 crore this year. The finance company’s deposits declined from Rs 45.50 crore in the last fiscal to Rs 42.96 crore this year, and loans and advances also decreased from Rs 40.39 crore to Rs 39.67 crore. The company’s EPS stands at Rs 8.65 and net worth at Rs 137.60.
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