Net profit of Sanima Bank increased by 35.07%

Kathmandu November 16- With the paid up capital of Rs. 3billion 60 million, Sanima Bank's net profit increases by 35.07% to Rs.  176.8 million net profit in the first quarter of current fiscal year which was Rs. 130.9 million last year.

Reserve of bank has increased by 32.16% to Rs. 547.2 million from Rs. 414 million last year. Collection of deposit has increased by 33.27 % to Rs. 35 billion 436.6 million from Rs26 billion 590 million last FY. Loan investment has also increased by 32.84% to Rs. 30billion 333.3 million from Rs. 22 billion 833.9 million last FY. In the first quarter of current fiscal year, net interest income has increased by 32.47% to Rs. 324.5 million. Interest income and interest expenses of the bank have increased by 30.15% and 28.34% respectively. Similarly, operating profit has increased by 31.29% to Rs. 266.7 million. Provision of Rs. 200 million has kept in the balance and bad debt of Rs. 9.2million has been recovered.

EPS of the bank (annual) is Rs. 22.68, P/E ratio (annual) is 29.63 times and net worth per share is Rs. 117.88. Likewise, liquidity ratio of bank stands on 31.07%.  Bad debt of the bank is 0.05% and risky assets have decreased by 0.04% to 11.68%.