Agriculture Development Bank Limited
QUARTER-3 OF FY 2017/18
Comment: As per third quarter report of FY 2017/18, Agriculture Development Bank Limited has the 6th highest deposit collection and 4th highest loans & advances. In terms of growth, Agriculture Development was mostly behind most of the banks; its deposit growth ranked 19th while it came last in credit growth.
|Key Metrics||ADBL||Industry Avg.||Performance|
|Gross profit margin||45.49%||37.45%||Better|
|Operating profit margin||6.84%||26.13%||Poor|
|Net profit margin||18.89%||20.20%||Poor|
|Non Performing Loan (NPL) to Total Loan||3.49%||1.47%||Poor|
|Cost of Funds||7.15%||7.13%||Better|
|Return on Equity (Annualized)||10.11%||12.99%||Poor|
|Return on Assets (Annualized)||1.90%||1.65%||Better|
Comment: Higher staff expenses and provision for possible losses have reduced the operating profit of Agriculture Development Bank. It has one of the highest non- performing loans to total loans amongst the commercial banks.
Comment: Comparing to industry average, ADBL is under-valued.
Growth trend for last five years’ quarter-3 report
Any opinions, news, research, analysis, prices, or other information contained on this website or any other material provided by iCapital Pvt. Ltd. is provided as general market commentary and we cannot guarantee that the information is accurate or complete. These opinions, news, research, analysis, prices, or other information contained on this website also does not constitute investment advice or a solicitation to buy or sell any securities of any type and by viewing any material or using the information within this site you agree that this is general commentary material and you will not hold any person or entity responsible for loss or damages resulting from the content or general information provided here by iCapital, it's employees, directors or fellow members.
All investments are speculative in nature and involve substantial risk of loss.