Sindhu Bikash Bank has published third quarter report of FY 2075/76. Net profit surged by 98.73% in comparing period.
As per the published report, it has reported surge in net profit to Rs.3.60 crore in this Q3 of Fiscal year 2075/76 from Rs.1.81 crore in the same period of fiscal year 2074/75.
It has collected deposit of Rs.2.01 arba and floated loan & advances of Rs.1.82 arba in this third quarter. Deposit collection increased by 2.35% and loan disbursement increased by 20.97%. It has borrowing of Rs.40 crore.
Its net interest income increased to Rs.9.33 crore in Q3 from Rs.7.40 crore in the last corresponding quarter of FY 2074/75.
Operating profit increase to Rs.4.80 crore from Rs.2.85 crore in Q3 of the last year. Operating profit increased by 68.60%.
Its paid up capital is Rs.50 crore with reserves of Rs.9.71 crore.
Its non performing loan stands at 1.93% from 1.36%. Cost of fund at 7.62%, base rate 11.835, CCD ratio at 71.29 and capital adequacy at 25.57%.
Annualized earning per share (EPS) stands at Rs 9.61, Net worth per share at Rs.119.42 and PE ratio at 13.52 times.
