Nepal SBI Bank limited (SBI) has published second quarter report stating net profit surge by 20.34% in this fiscal year 2074/75.
As per the report published, SBI Bank has earned net profit of 91.30 crore in this quarter. It had earned 75.87 in the last year second quarter.
Bank has collected a deposit of 85.16 arba in floated in loan 71.34 arba. SBI Bank has reduced its borrowings by 49.63%.
Net interest income remains at 1.88 arba. It had earned 1.45 arba in last year Q2. Means increased by 29.86%.
Provision for possible losses also decreased which seems good.
Operating profit is 1.45 arba from 1.16 arba. It is increased by 23.27%.
Paid up capital is increased by 107.19%. Its paid up capital is 8.04arba with reserve 3.69 arba.
NPL stands at 0.13% from 0.12%. Credit to deposit ratio is 77.03% which is nearly tight. Cost of fund stands at 5.14%.
EPS stands at 22.69. It is decreased by 41.92%. It is due bank unable to earned in the same ratio of hike in capital.
Net worth per share remains at 145.89. PE stands at 26.22 times.
Highlights
See report of Nepal Bangladesh bank
