Kumari Bank (KBL) has unveiled its third-quarter report for the current fiscal year, revealing a significant increase in operating profit amidst a decline in net profit.
During the period, the bank recorded an operating profit of Rs 2.26 billion, marking a notable rise of 21.60% compared to the previous fiscal year. This growth is attributed to substantial increases in net interest income and net fee and commission income, driving a commendable surge in total operating income.
Despite the positive performance in operating profit, the bank witnessed a decline in net profit, which fell from Rs 1.30 billion to Rs 1.05 billion. Additionally, Kumari Bank reported a distributable loss of Rs 4.20 billion.
Maintaining stable financial metrics, the bank showcased an earnings per share (EPS) of Rs 5.35 and a price-to-earnings (P/E) ratio of 25.73 times. The net worth per share remained consistent at Rs 136.52.
With a robust financial standing, including a paid-up capital of Rs 26.22 billion and a reserve fund of Rs 9.62 billion, Kumari Bank demonstrated strong deposit collection and loan extensions during the period, signaling sustained growth and market presence.
