Sana Kisan Development Bank earned 48.8 million net profits, nearly 300% increase in provision

Kathmandu November 16- Sana Kisan Development Bank's net profit has grown by 37% to Rs. 48.8 million from Rs. 35.7 million last year in the first quarter of current FY.

Bank's loan investment has amounted to Rs. 8 billion 221.6 million which was Rs. 8 billion 96.7 million in the corresponding quarter of last FY. Bank net interest income has increased by 48% to Rs. 107 million and operating profit has increased by Rs. 4.8 million to Rs. 107.1 million.

Provision of Bank was Rs. 4.1 million during the first quarter of last FY,  which has increased by nearly 300% to Rs. 16 million 539 thousands. Similarly, bank has managed to right back Rs. 286 thousand bad debts during the current FY. Inactive loan investment has increased from 0.14% to 0.16%.

According to the financial report of first quarter of current FY, EPS of bank stands on Rs. 84.73, P/E ratio is 22.13 times, net worth per share is Rs. 453.95, liquidity ratio is 12.85 and net asset value per share is Rs. 4099.56.