Prabhu Bank Reports Stellar 965% Profit Surge in FY 2081/82 with Strong EPS Growth
Prabhu Bank Limited posted an exceptional net profit of NPR 5.44 billion in FY 2081/82. Operating profit nearly doubled to NPR 6.08 billion, while EPS soared to NPR 23.12.
ShareSanskar | Shrawan 28, 2082
Prabhu Bank Limited has delivered a truly remarkable turnaround, posting a staggering 965.41% surge in net profit, soaring from NPR 510.8 million to an astonishing NPR 5.44 billion in just one fiscal year. This extraordinary leap transcends routine financial growth, showcasing exceptional strategic foresight, operational mastery, and leadership’s unwavering commitment to transforming the institution into a beacon of banking excellence. Such a dramatic profit escalation is rarely witnessed in established banking systems globally and marks Prabhu Bank as a standout performer within Nepal’s financial sector.
What makes this achievement even more compelling is that it occurred despite a notable 39.47% decline in interest income, suggesting that the bank has successfully diversified its revenue streams beyond traditional interest-based earnings. Operational profits nearly doubled, rising from NPR 3.15 billion to NPR 6.08 billion, underscoring genuine efficiency improvements and disciplined cost management. Meanwhile, the bank’s retained earnings swung from a negative NPR 3.02 billion to a positive NPR 1.04 billion, signaling a robust capital base and a complete institutional rehabilitation that fortifies the bank’s future growth prospects.
Prabhu Bank’s balance sheet also reflects prudent growth management, with deposits increasing by 12.19% and loans rising moderately by 4.22%, maintaining a healthy loan-to-deposit ratio of 67.33%. Asset quality remains strong, with a marginal rise in the non-performing loan ratio from 4.94% to 4.96%, highlighting the bank’s effective risk controls amid rapid expansion. On the shareholder front, earnings per share skyrocketed from NPR 2.17 to NPR 23.12, while the net worth per share stands solidly at NPR 162, reflecting substantial value creation and market confidence.
Looking ahead, the key challenge for Prabhu Bank will be sustaining this exceptional momentum through continued revenue diversification, operational excellence, and vigilant asset quality management. The bank’s spectacular performance sets a new benchmark for Nepalese banking transformations, proving that with visionary leadership and strategic execution, even institutions facing significant challenges can achieve extraordinary success.
