Kathmandu. The Agricultural Development Bank has made encouraging progress in important financial indicators in the financial year 2080–81 BS.

Despite the adverse times, the bank made significant progress in business expansion compared to the average growth of the industry and had a dividend capacity of 17.37 percent for the review period. This is very good compared to the previous financial year. During the same period of the previous financial year, the bank’s dividend capacity was limited to 9.24 percent.

During the review period, the bank has managed to earn more than $2.66 billion in distributable profit. This is an increase of 114.19 percent compared to the previous year. During this period, the net profit has reached more than 3 billion 65 million rupees. In the same period of the previous year, the bank’s net profit was limited to $1.32 billion. In this way, the bank has made a leap of 176 percent towards net profit.

Earnings per share, limited to 7.42 percent in the previous year, increased by 233.55 percent and reached a height of 24.75 rupees. There has been a similar increase in the operating profit of the bank. Compared to the previous year, the operating profit has increased by 70 percent and reached over $5 billion.

Even in adverse circumstances, due to the focus on business expansion, the Agricultural Development Bank has also seen an attractive increase in net interest income. As a result, this income increased from 8.19 billion rupees in the previous year to 10.12 billion rupees in the year under review. Until the review period, the bank’s deposit collection had reached 2 trillion 43 billion 58 crores. This is 22 percent more than the previous year. The increase in deposits is almost double the average growth rate of the industry.

Similarly, until the review period, the bank had mobilized more than 2 trillion, 1 billion, and 76 million loans. In terms of loans, the bank has seen growth of almost 13 percent compared to the previous year. This is almost twice the industry average. As the bank had to make a provision of 1.45 billion rupees for possible risk management up to the same period last year, this year it has decreased to 1.23 billion rupees. It also seems to have helped to increase the profit of the bank.

The bank’s bad loan ratio increased to 3.44 percent from 2.78 percent last year. For the period under review, the net worth per share of the bank was Rs. 233.38, and the total asset value per share was Rs. 2283.98.