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    Nepal Breaking NewsEconomy | FinanceLumbini Bikas Bank Limited has reported an impressive increase in profitability in...

    Lumbini Bikas Bank Limited has reported an impressive increase in profitability in the first quarter of the year.

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    Lumbini Bank Limited (LBBL) has reported a net gain of 90.80 percent in the first quarter of the fiscal year 2078/2079, compared to the same period the previous year. The net profit increased to 21.31 crores from Rs. 11.17 crores in the equivalent quarter of the previous year, representing a 33% in profit.

    The loans and advances for the quarter climbed by 9.18 percent to 32.39 Arba from Rs. 29.67 Arba, representing an of 9.18 percent (compared to immediate previous year ending). In this quarter, the deposit grew to 36.55 Arba from Rs. 36.45 Arba previously (compared to immediate previous year ending).

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    The company’s net interest income (core business revenue) climbed by 33.71 percent to 33.36 crores, representing an of 33.71 percent. The operating of the corporation climbed by 83.40 percent during the same period last year.

    Lumbini has a paid-up capital of Rs. 2.90 Arba and a reserve and surplus of Rs. 2.53 Arba Crore, with a total paid-up capital of Rs. 2.90 Arba.

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    The percentage of non-performing loans (NPLs) has decreased to 1.31 percent in the most recent quarter. In terms of annualized earnings per share, it is worth Rs. 29.34, while in terms of net worth per share, it is worth Rs. 187.05. Its net worth per share is worth Rs. 187.05. The company traded at a price-to-earnings ratio of 17.62 times.

    The first quarter report can be found here.

     


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