Shangrila Development Bank has published first quarter report of FY 2075/76. It has reported decrease in net profit by 53.02% in comparing period.
As per the published report, the bank has reported decrease in net profit to Rs.1.92 crore in this Q1 of Fiscal year 2075/76 from Rs.4.11 crore in the same period of last fiscal year 2074/75.
It has collected deposit of Rs.16.74 arba and floated in loan & advances of Rs.15.06 arba in the first quarter of FY 2075/76. Deposit collection increased by 21.32% & loan expansion increased by 24.67%.
Its net interest income increased to Rs.19.96 crore in Q1 from Rs.14.62 crore in the last corresponding quarter. Operating profit declined to Rs.3.03 crore from Rs.6.45 crore in the last year. Operating profit declined by 53.01% in the comparing period.
Decreased in net profit is due to provision for possible losses of Rs.9.07 crore.
Its paid up capital is Rs.2.51 arba with reserves of Rs.6.40 arba.
Its non performing loan stands at 2.4% from 0.98% from the last year. Cost of fund at 7.73% and Credit to deposit ratio at 75.78%.
Annualized earning per share is Rs.3.08 and Net worth per share is Rs.125.55
