Kamana Sewa Bikas Bank Reports Strong Q2 Profit Growth

Kamana Sewa Bikas Bank has reported a strong improvement in earnings for the second quarter of the current fiscal year, underscoring steady growth in core income and operating performance.

According to the bank’s unaudited financial statement for the period from mid-July to mid-January, net profit climbed to Rs 394.5 million, up from Rs 322.4 million in the same period of the previous fiscal year. The increase represents a 22.34% year-on-year growth, reflecting improved profitability despite a competitive banking environment.

Operating profit rose by 20.91% to Rs 567.2 million, supported by higher interest income and controlled operating costs. Net interest income increased by 11.18%, reaching Rs 1.21 billion, compared with Rs 1.09 billion a year earlier, indicating healthy expansion in the bank’s lending activities.

During the review period, distributable profit stood at Rs 295.7 million. The bank’s earnings per share improved to Rs 20.43, while net worth per share reached Rs 158.07, strengthening shareholder value.

The development bank has a paid-up capital of Rs 3.86 billion, with reserves amounting to Rs 1.94 billion. As of the end of the second quarter, total deposits rose to Rs 63.62 billion, while loans and advances reached Rs 52.10 billion, highlighting continued balance sheet expansion.

Kamana Sewa Bikas Bank became the first bank to publish its unaudited financial results for the second quarter of the fiscal year, setting an early benchmark for the banking sector’s performance outlook.