Sunrise bank Limited has reported raise in net profit of 9.81% in the third quarter of fiscal year 2074/75.
As per the published report, net profit of the bank increased to Rs.94.21crore in Q3 from Rs 85.79 crore in the corresponding quarter of last year.
During this period, the bank has collected deposit of Rs. 65.14 arba & floated in loan & advance of Rs.57.94 arba. Deposit increased by 12.20 percent. In the corresponding quarter of previous FY, deposit collection was Rs. 58.06 arba & floated loan of Rs.50.86 arba.
The bank has borrowing of Rs.88.69 crore.
Net interest income of bank has risen to Rs.1.92 arba from Rs.1.61 arba in last year. Likewise, operating profit has declined to Rs.1.18 arba from Rs. 1.19 crore in corresponding quarter of last year.
Its paid up capital is Rs. 8.15 arba with reserves of Rs. 2.45 arba.
Its non-performing loan is at 1.45 percent.
Annualized earning per share is Rs. 15.41, Net worth per share is Rs. 130.11 & Price to earning ratio stands at 15.84 times.
Major indicators
Cost of fund: 7.40%
CD ratio: 77.90%
Return on equity: 11.99%
Return on asset: 1.61%
