Agricultural Development Bank has posted an impressive growth in its latest financial report, with both net profit and earnings per share showing strong gains.
Net profit for the review year reached Rs. 4.15 billion, a jump of 43.38% from Rs. 2.89 billion in the previous year. Based on this performance, the bank now has the capacity to distribute around 18.42% dividend from its distributable profit of Rs. 2.87 billion.
Operating profit also climbed by 41.27% to Rs. 5.84 billion, compared to Rs. 4.13 billion last year. However, interest income fell by 6.93%, ending at Rs. 9.82 billion.
The bank’s paid-up capital stands at Rs. 19.28 billion. While retained earnings are shown as negative Rs. 2.87 billion, its reserves hold a healthy Rs. 16.99 billion.
During the year, deposits increased to Rs. 293.57 billion from Rs. 243.62 billion, while loan disbursements grew to Rs. 213.14 billion from Rs. 203.61 billion.
Non-performing loans improved, falling from 3.91% to 3.26%. Earnings per share rose from Rs. 18.56 to Rs. 27.63, with the P/E ratio at 11.84 times and net worth per share at Rs. 241.04.
| Financial Indicator | This Year | Last Year | Change |
|---|---|---|---|
| Net Profit | Rs. 4.15B | Rs. 2.89B | +43.38% |
| Distributable Profit | Rs. 2.87B | — | — |
| Operating Profit | Rs. 5.84B | Rs. 4.13B | +41.27% |
| Interest Income | Rs. 9.82B | Rs. 10.55B | -6.93% |
| Deposits | Rs. 293.57B | Rs. 243.62B | +20.50% |
| Loans | Rs. 213.14B | Rs. 203.61B | +4.68% |
| NPL Ratio | 3.26% | 3.91% | Improved |
| EPS | Rs. 27.63 | Rs. 18.56 | +48.9% |
| P/E Ratio | 11.84x | — | — |
| Net Worth Per Share | Rs. 241.04 | — | — |
