Nepal SBI Bank Limited has published Second quarter report of FY 2075/76 based on Nepal financial reporting standard (NFRS). It has reported increase in net profit by 12.02% in the comparing period.
Net profit: It has reported net profit of Rs.1.02 arba in Q2 which was Rs.91.30 crore in the same period of last fiscal year.
As per the NFRS model, the bank has free profit after regulatory adjustments of Rs.89.04 crore which can be distribute as dividend to its shareholders.
Deposit: The bank is able to collect deposit Rs. 97.83 arba in Q2 of FY 2075/76 from Rs.85.16 arba in Q2 of last Fiscal year.
Loan & advance: It had extended Rs.90.92 arba in loan and advances which was Rs.71.34 arba in same period of last fiscal year.
Net interest income: It has made net interest income of Rs. 2.18 arba in Q2 from Rs.1.88 arba in Q2 of last fiscal year 2074/75.
Expenses: The bank has made expanses of Rs.73.47 crore for staff salary and Rs. 64.12 crore for operating expanses in Q2 of last year.
Operating profit: It has posted operating profit of Rs.1.42 arba from Rs.1.30 arba in the corresponding quarter of last year.
Paid up capital & Reserve Fund: Paid up capital surged to Rs.8.44 arba. Reserve increased to Rs.4.47 arba from Rs.3.69 arba the last year.
Its non performing loan stands at 0.19% from 0.13% in the last year.
Major indicators
- Annualized earning per share (EPS): Rs.24.21
- Net worth per share: Rs.152.93
- Price to Earning ratio: 16.07 times
- Cost of fund: 5.91%
- Base rate: 9.82%
- Credit to deposit ratio: 77.77%
