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(GRDBL) Green Development Bank Reports Significant Growth in Net Profit and Distributable Profit

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NEPSE TRADING

(GRDBL) Green Development Bank Reports Significant Growth in Net Profit and Distributable Profit

Green Development Bank Limited (GRDBL) has published its unaudited fourth-quarter financial report for the fiscal year 2079/80. According to the report, the bank has recorded significant growth in both net profit and distributable profit compared to the same period of the previous fiscal year.

The bank posted a net profit of NPR 6.94 crore by the end of the fiscal year, which is a 79.53% increase compared to NPR 3.86 crore in the previous year. This rise is mainly attributed to a 17.73% growth in net interest income and a 13.01% increase in net fee and commission income, along with a substantial drop in impairment charges—from NPR 2.89 crore to just NPR 68 lakh.

Total operating income during the review period grew by 19.26%, while operating profit surged by 72.79%. Distributable profit also soared by 94.70%, reaching NPR 6.07 crore.

With the rise in profit, the bank’s earnings per share (EPS) increased by NPR 5.01, reaching NPR 12.18. As of the end of Ashar (mid-July), the bank's distributable profit per share stood at NPR 10.67, with a net worth per share of NPR 122.11. The bank’s price-to-earnings (P/E) ratio stood at 122.07 times.

With a paid-up capital of NPR 56.96 crore, the bank has accumulated a reserve fund of NPR 12.59 crore. By the end of the fiscal year, it had collected NPR 6.37 billion in deposits and disbursed NPR 4.73 billion in loans.

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