Development Bank; First Quarter Report - Nepal Stock Market Update Analysis

Development Banks have made high profit in the first quarter of this fiscal year as compared to the corresponding period of the previous fiscal year.   

Nepal Stock Market (Net Profit increased Analysis)

As per the unaudited financial reports of the first quarter published by 52 development banks, Yeti Development Bank has increased its net profit by 400.77% as compared to corresponding period of previous fiscal year. Similarly, Western Development Bank and Bhargav Bikas Bank increased their net profit by 289.98% and 232.86% respectively.

Table 1: Nepal Stock Market (Net Profit increased Analysis)

S.N	Dev. Bank	Paid Up Capital (Q1)	Reserve & Surplus	Net '000'  Profit (Q1)		Increase	EPS	Net Worth	NPL
	Name	Rs in '000'	Rs in '000'	This  Quarter	Corresponding Previous Q1	%	Annualized	Rs	%
1	Yeti Dev Bank	1,386,233.00	115,216.00	66,228.00	13,225.00	400.77	19.11	108.31	4.29
2	Western Dev Bank	156,960.00	67,656.14	2,958.38	758.59	289.98	7.53	144.99	0.30
3	Bhargav Bikas	120,000.00	49,291.00	6,581.65	1,977.30	232.86	21.93	141.08	0.13
4	Saptakosi Dev Bank	100,000.00	6,325.00	695.00	(543.00)	227.99	0.69	106.33	1.95
5	Sajha Bikas Bank	100,000.00	(24,961.49)	5,037.65	(4,862.30)	203.60	5.04	79.53	4.63
6	Mission Dev Bank	194,999.00	86,000.00	17,300.00	6,651.00	161.11	8.91		0.03
7	Jyoti Bikas Bank	987,026.00	307,208.00	43,576.00	16,954.00	157.02	17.66	131.12	2.13
8	Kailash Bikas	1,580,336.00	994,368.00	130,198.00	51,931.00	150.71	32.96	162.93	0.98
9	Sahayogi Bikas Bank	257,877.00	150,317.00	15,517.00	6,517.00	138.10	24.07	158.29	1.36
10	Araniko Dev Bank	257,800.00	138,800.00	8,172.00	3,597.00	127.18	12.68	153.85	1.64
11	Sewa Bikas Bank	425,555.20	263,895.48	26,472.47	12,426.37	113.03	24.88	162.01	0.41
12	Tinau Dev Bank	273,000.00	131,500.00	19,100.00	9,400.00	103.19	28.09	148.18	0.12
13	Country Dev Bank	356,928.00	72,108.82	407.77	207.30	96.70	0.45	120.19	4.42
14	Cosmos Dev Bank	98,922.40	23,787.13	5,009.60	2,599.24	92.73	20.26	123.21	0.32
15	Kakre Bihar Bikas	72,400.00	9,900.00	945.00	503.00	87.87	5.22	101.30
16	Manaslu Bikas Bank	183,500.00	68,100.00	13,311.00	7,226.00	82.00	7.25	137.11
17	Triveni Dev Bank	820,000.00	444,200.00	24,900.00	13,800.00	80.43	12.16	154.18	2.13
18	Progressive Dev Ba.	200,160.00	2,556.56	2,034.80	1,173.02	73.46	4.07	101.28	0.98
19	Kamana Bikas Bank	661,605.00	327,655.00	35,828.00	21,263.00	68.49	21.66	149.52	1.92
20	Siddhartha Dev Bank	1,419,168.00	288,774.00	57,649.00	34,470.00	67.24	16.25	120.35	3.21
21	Om Dev Bank	1,050,000.00	600,000.00	33,200.00	20,000.00	66.00	12.00	157.00
22	Hamro Bikas Bank	122,333.55	59,037.68	11,077.90	6,814.65	62.56	36.22	147.53	0.57
23	Gandaki Bikas	538,500.00	249,300.00	32,500.00	20,100.00	61.69	24.20	146.29	0.50
24	Garima Bikas Bank	1,000,000.00	500,000.00	46,800.00	29,100.00	60.82	17.33	146.89	0.66
25	Excel Dev Bank	307,600.00	190,200.00	27,700.00	17,300.00	60.11	36.05	161.83	1.54
26	Ace Dev Bank	1,202,984.00	280,920.00	63,591.00	39,800.00	59.77			2.54
27	Purnima Bikas Bank	201,708.72	114,986.55	17,176.63	10,879.57	57.87	34.06	157.01	0.38
28	Miteri Dev Bank	274,600.00	102,600.00	25,800.00	16,600.00	55.42	37.64	137.37	0.12
29	Tourism Dev Bank	786,944.00	327,782.00	42,479.00	28,626.00	48.39	21.59	141.65	1.96
30	Shine Resunga Dev	1,102,800.00	262,900.00	67,880.00	46,200.00	46.92	24.62	123.84	0.24
31	Muktinath Bikas	838,400.00	603,100.00	997,000.00	685,000.00	45.39	38.33	157.54	0.18
32	Shangrila Dev Bank	1,070,000.00	428,500.00	44,300.00	31,900.00	38.87	16.52	139.92	0.84
33	Innovative Dev Bank	290,500.00	108,544.49	7,575.15	5,482.22	38.17	10.43	137.36	1.19
34	Pacific Dev Bank	108,921.60	57,725.31	8,314.36	6,096.87	36.37	30.53	141.80	-
35	Fewa Bikas Bank	995,000.00	552,200.00	62,200.00	46,500.00	33.76	25.02	155.50	1.59
36	Matribhumi Dev	55,660.00	20,244.76	1,522.16	1,165.32	30.62	2.73	136.37	2.18
37	Dev Bikas Bank	881,088.00	308,816.00	50,695.00	39,153.00	29.47	23.01	135.05	3.44
38	Alpine Dev Bank	219,732.00	102,074.00	5,456.00	4,297.00	26.97	9.92	146.45	3.16
39	ID Bank	940,907.00	827,534.00	20,351.00	16,136.00	26.12	8.64	129.77	2.37
40	Sahara Bikas Bank	23,600.00	43,845.28	(2,370.22)	(2,832.28)	16.31	42.51	220.08	4.30
41	Supreme Dev Bank	933,365.00	389,429.00	35,397.00	31,870.00	11.06	7.58	141.72	0.52
42	Vibor Society Dev	1,815,004.00	68,504.00	33,424.00	30,382.00	10.01	19.41	103.77	2.31
43	Kanchan Dev Bank	198,000.00	94,600.00	8,140.00	7,657.00	6.30	16.44	147.78	2.90
44	International Dev	770,880.00	231,664.00	18,102.00	17,176.00	5.39	9.39	130.05	1.25
45	Reliable Dev Bank	788,582.00	417,477.00	32,649.00	31,523.00	3.57	16.56	144.49	2.70
46	Mahalaxmi Bikas Bank	1,156,223.00	578,344.00	20,430.00	19,939.00	2.46	7.07	150.02	4.40
47	Biratlaxmi Bikas Bank	425,358.00	425,358.00	9,865.00	13,039.00	(24.34)	9.28	143.67	2.53
48	Professional Dev	240,350.00	65,634.09	2,734.02	4,128.73	(33.78)	1.14	127.31	1.42
49	Kalinchowk Dev Bank	106,000.00	100,000.00	1,888.77	3,158.80	(40.20)	1.78	116.33	3.16
50	NIDC Dev Bank	415,823.40	3,028,651.71	21,006.59	40,873.71	(48.60)	20.21	828.35	15.72
51	Kasthamandap Dev	679,800.00	512,800.00	50,300.00	115,100.00	(56.29)	29.62	165.38	0.98
52	Bagmati Dev Bank	65,550.00	11,837.00	(16,824.00)	(2,108.00)	(698.10)	(29.26)	134.49	16.98

Nepal Stock Market (EPS - Analysis)

As compared to earnings per share (EPS), Sahara Bikas Bank stands in the first position with EPS Rs 42.51, Muktinath Bikas Bank in 2^nd position with EPS Rs 38.33, Miteri Development Bank in 3^rd position with EPS Rs 37.64 respectively.

Table 2: Nepal Stock Market (EPS - Analysis)

S.N	Dev. Bank	Paid Up Capital (Q1)	Reserve & Surplus	Net '000'  Profit (Q1)		Increase	EPS	Net Worth	NPL
	Name	Rs in '000'	Rs in '000'	This  Quarter	Corresponding Previous Q1	%	Annualized	Rs	%
1	Sahara Bikas Bank	23,600.00	43,845.28	(2,370.22)	(2,832.28)	16.31	42.51	220.08	4.30
2	Muktinath Bikas	838,400.00	603,100.00	997,000.00	685,000.00	45.39	38.33	157.54	0.18
3	Miteri Dev Bank	274,600.00	102,600.00	25,800.00	16,600.00	55.42	37.64	137.37	0.12
4	Hamro Bikas Bank	122,333.55	59,037.68	11,077.90	6,814.65	62.56	36.22	147.53	0.57
5	Excel Dev Bank	307,600.00	190,200.00	27,700.00	17,300.00	60.11	36.05	161.83	1.54
6	Purnima Bikas Bank	201,708.72	114,986.55	17,176.63	10,879.57	57.87	34.06	157.01	0.38
7	Kailash Bikas	1,580,336.00	994,368.00	130,198.00	51,931.00	150.71	32.96	162.93	0.98
8	Pacific Dev Bank	108,921.60	57,725.31	8,314.36	6,096.87	36.37	30.53	141.80	-
9	Kasthamandap Dev	679,800.00	512,800.00	50,300.00	115,100.00	(56.29)	29.62	165.38	0.98
10	Tinau Dev Bank	273,000.00	131,500.00	19,100.00	9,400.00	103.19	28.09	148.18	0.12
11	Fewa Bikas Bank	995,000.00	552,200.00	62,200.00	46,500.00	33.76	25.02	155.50	1.59
12	Sewa Bikas Bank	425,555.20	263,895.48	26,472.47	12,426.37	113.03	24.88	162.01	0.41
13	Shine Resunga Dev	1,102,800.00	262,900.00	67,880.00	46,200.00	46.92	24.62	123.84	0.24
14	Gandaki Bikas	538,500.00	249,300.00	32,500.00	20,100.00	61.69	24.20	146.29	0.50
15	Sahayogi Bikas Bank	257,877.00	150,317.00	15,517.00	6,517.00	138.10	24.07	158.29	1.36
16	Dev Bikas Bank	881,088.00	308,816.00	50,695.00	39,153.00	29.47	23.01	135.05	3.44
17	Bhargav Bikas	120,000.00	49,291.00	6,581.65	1,977.30	232.86	21.93	141.08	0.13
18	Kamana Bikas Bank	661,605.00	327,655.00	35,828.00	21,263.00	68.49	21.66	149.52	1.92
19	Tourism Dev Bank	786,944.00	327,782.00	42,479.00	28,626.00	48.39	21.59	141.65	1.96
20	Cosmos Dev Bank	98,922.40	23,787.13	5,009.60	2,599.24	92.73	20.26	123.21	0.32
21	NIDC Dev Bank	415,823.40	3,028,651.71	21,006.59	40,873.71	(48.60)	20.21	828.35	15.72
22	Vibor Society Dev	1,815,004.00	68,504.00	33,424.00	30,382.00	10.01	19.41	103.77	2.31
23	Yeti Dev Bank	1,386,233.00	115,216.00	66,228.00	13,225.00	400.77	19.11	108.31	4.29
24	Jyoti Bikas Bank	987,026.00	307,208.00	43,576.00	16,954.00	157.02	17.66	131.12	2.13
25	Garima Bikas Bank	1,000,000.00	500,000.00	46,800.00	29,100.00	60.82	17.33	146.89	0.66
26	Reliable Dev Bank	788,582.00	417,477.00	32,649.00	31,523.00	3.57	16.56	144.49	2.70
27	Shangrila Dev Bank	1,070,000.00	428,500.00	44,300.00	31,900.00	38.87	16.52	139.92	0.84
28	Kanchan Dev Bank	198,000.00	94,600.00	8,140.00	7,657.00	6.30	16.44	147.78	2.90
29	Siddhartha Dev Bank	1,419,168.00	288,774.00	57,649.00	34,470.00	67.24	16.25	120.35	3.21
30	Araniko Dev Bank	257,800.00	138,800.00	8,172.00	3,597.00	127.18	12.68	153.85	1.64
31	Triveni Dev Bank	820,000.00	444,200.00	24,900.00	13,800.00	80.43	12.16	154.18	2.13
32	Om Dev Bank	1,050,000.00	600,000.00	33,200.00	20,000.00	66.00	12.00	157.00
33	Innovative Dev Bank	290,500.00	108,544.49	7,575.15	5,482.22	38.17	10.43	137.36	1.19
34	Alpine Dev Bank	219,732.00	102,074.00	5,456.00	4,297.00	26.97	9.92	146.45	3.16
35	International Dev	770,880.00	231,664.00	18,102.00	17,176.00	5.39	9.39	130.05	1.25
36	Biratlaxmi Bikas Bank	425,358.00	425,358.00	9,865.00	13,039.00	(24.34)	9.28	143.67	2.53
37	Mission Dev Bank	194,999.00	86,000.00	17,300.00	6,651.00	161.11	8.91		0.03
38	ID Bank	940,907.00	827,534.00	20,351.00	16,136.00	26.12	8.64	129.77	2.37
39	Supreme Dev Bank	933,365.00	389,429.00	35,397.00	31,870.00	11.06	7.58	141.72	0.52
40	Western Dev Bank	156,960.00	67,656.14	2,958.38	758.59	289.98	7.53	144.99	0.30
41	Manaslu Bikas Bank	183,500.00	68,100.00	13,311.00	7,226.00	82.00	7.25	137.11
42	Mahalaxmi Bikas Bank	1,156,223.00	578,344.00	20,430.00	19,939.00	2.46	7.07	150.02	4.40
43	Kakre Bihar Bikas	72,400.00	9,900.00	945.00	503.00	87.87	5.22	101.30
44	Sajha Bikas Bank	100,000.00	(24,961.49)	5,037.65	(4,862.30)	203.60	5.04	79.53	4.63
45	Progressive Dev Ba.	200,160.00	2,556.56	2,034.80	1,173.02	73.46	4.07	101.28	0.98
46	Matribhumi Dev	55,660.00	20,244.76	1,522.16	1,165.32	30.62	2.73	136.37	2.18
47	Kalinchowk Dev Bank	106,000.00	100,000.00	1,888.77	3,158.80	(40.20)	1.78	116.33	3.16
48	Professional Dev	240,350.00	65,634.09	2,734.02	4,128.73	(33.78)	1.14	127.31	1.42
49	Saptakosi Dev Bank	100,000.00	6,325.00	695.00	(543.00)	227.99	0.69	106.33	1.95
50	Country Dev Bank	356,928.00	72,108.82	407.77	207.30	96.70	0.45	120.19	4.42
51	Bagmati Dev Bank	65,550.00	11,837.00	(16,824.00)	(2,108.00)	(698.10)	(29.26)	134.49	16.98
52	Ace Dev Bank	1,202,984.00	280,920.00	63,591.00	39,800.00	59.77			2.54

 Nepal Stock Market  assumes that the financial reports of Development Banks hint towards the possibility that profit of class 'B' financial institutions of the country will increase substantially in the first quarter of this fiscal.