Lumbini Bikas Bank Posts Strong FY 2082/83 Results with 252.96% Surge in Net Profit
Summary
Lumbini Bikas Bank Limited reported a 252.96% jump in net profit to Rs. 85.10 crore in FY 2082/83, driven by lower impairment charges and stronger operating earnings. Its NPL ratio rose to 6.94% even as the cost of funds improved to 3.95%.
Key Points
- Lumbini Bikas Bank Limited posted a net profit of Rs. 85.10 crore in FY 2082/83, up 252.96% year-on-year.
- Net interest income rose 7.53% and operating profit jumped 108.50%, helped by an 82.66% fall in impairment charges.
- Customer deposits and loans remained broadly stable, while the cost of funds improved to 3.95%.
- The bank’s NPL ratio increased to 6.94%, though capital adequacy stood at 14.96%.
