Kamana Sewa Bikas Bank Limited Profit Rises Despite Drop in Distributable Earnings

Kamana Sewa Bikas Bank Limited has published its unaudited financial statement for the second quarter of the current fiscal year. According to the report, the bank’s net profit increased by 22.34 percent year-on-year to NPR 394.5 million by mid-January, compared to NPR 322.4 million in the same period last year. The growth was mainly driven by an increase in net interest income and fee and commission income, along with a decline in impairment charges. Despite the rise in overall profit, the bank’s distributable profit declined by 21.25 percent during the review period. Non-performing loans improved from 4.35 percent to 4.1 percent. While earnings per share rose to NPR 20.43, distributable earnings per share fell to NPR 15.32. The bank currently has a paid-up capital of over NPR 3.86 billion and reserves exceeding NPR 2.24 billion, reflecting a stable financial position.