Monday, November 11, 2013

Bank of Kathmandu Ltd BoK’s net profit drops by 20 %

Bank of Kathmandu Limited has reported a drop in its net profit rise of 20 percent in the first quarter of the current fiscal year 2070/71.

Publicizing its unaudited report for the first quarter today, the BoK has stated that its net profit has dropped to Rs 12.22 crore in the first quarter, down from Rs 15.28 crore in the corresponding quarter of the last fiscal year.

Its net interest income has also marginally decreased to Rs 29.09 crore from Rs 29.10 crore in the corresponding quarter.

It may be noted here that the BoK’s net interest income had surged to Rs 1.23 arba in the fourth quarter of the last fiscal year 2069/70.

The commercial bank, however, mobilized Rs 27.77 arba in deposit and Rs 24.06 arba in loan in the first quarter compared to Rs 24.59 arba in deposit and Rs 19.02 arba in loan in the corresponding quarter.

Its non performing loan has also dipped from 2.44 percent in the corresponding quarter of last year to 1.43 percent in the first quarter this fiscal year.

The BoK’s EPS (annualized) stands at Rs 25.46 and the per share net worth at Rs 178.46.

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-sharesansar

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