Kumari Bank's profit sufferred by almost 13% as publised in the fourth quarter results for the year 2010/11. The decrease in the profits can be attributed mainly to increase in Loan loss provision as NPA doubled in the year
The company made a profit of Rs. 27.68 crores compared to Rs. 31.65 crores in the previous year, whiile the profits sufferred by 13%, the EPS sufferred 23%.
The banks deposits and loans and advances both declined. As the company declared in its analysis that it focused more on quality of business, the investor can beleive this by looking at the Capital fund to Risk weighted Assets ratio. The ratio 14.45% is above the required level of 11% saying that the bank is well capitalised.
The price earning ratio has improved to 14.57. The company did not disclose anything about its plans with merger with Everest Bank Limited.
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