Kamana Sewa Bikas Bank: A Nine - Year Financial Performance Review (Q4 2074/75 to Q4 2082/83)
Summary
Kamana Sewa Bikas Bank, formed from the merger of Kamana Bikas Bank and Sewa Bikas Bank, has expanded significantly over nine years, with assets growing 3.8 times and net profit reaching Rs. 894.17 million in Q4 2082/83.
Key Points
- Kamana Sewa Bikas Bank was formed after the merger of Kamana Bikas Bank Ltd. and Sewa Bikas Bank Ltd. in 2074, resulting in a paid-up capital of Rs. 1.74 arba.
- The bank's total assets increased 3.8 times from Rs. 19.85 billion to Rs. 75.63 billion between Q4 2074/75 and Q4 2082/83, with loans and advances to customers comprising 71.67% of assets.
- Net profit reached the highest-ever Rs. 894.17 million in Q4 2082/83, with improvements in earnings per share and return on equity, signaling restored profitability.
- Key health indicators showed mixed trends: capital fund to risk-weighted assets improved recently, while non-performing loans rose from 0.69% to 3.77% over the period.
