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Nepal SBI Bank’s NPL dips to 0.10 %; EPS at Rs 22.01 & net worth at Rs 150.68

- ShareSansar, August 11, 2017  on Featured , Financial Analysis , Latest , Stock Market
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Nepal SBI Bank Limited (SBI) has stated profit growth of 14.41 percent in the fourth quarter (Q4) of the last fiscal year 2073/74.

As per the unaudited financial report published by the commercial bank today, its net profit of the bank has surged to Rs. 1.52 arba in the fourth quarter up from Rs. 1.33 arba in the corresponding quarter of the previous fiscal year.

SBI’s net interest income has risen to Rs 2.91 arba in Q4 as compared to Rs. 2.41 arba in the corresponding quarter.

It has a paid up capital of Rs 6.92 arba. The bank will need to increase its paid up capital by a further 15.6% to reach NRB’s minimum requirement of Rs 8 arba by the end of FY 2073/74. The reserve of the bank has increased by 80.22% to Rs 3.50 arba in the Q4 of last fiscal year 73/74.

Its earning per share (EPS) has slightly declined to Rs 22.01 in Q4 from Rs 26.78 in corresponding quarter.

The bank has collected of deposits of Rs 81.66 arba in Q4, up from Rs 65.21 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs.63.02 arba in Q4 whereas in the same period last year the figure stood at Rs. 46.97 arba.

Its non-performing loan (NPL) declined to 0.10 percent in the current quarter from 0.14 percent in the previous year report.

SBI’s net worth per share at Rs. 150.68, and P/E ratio at 30.21 times.

Major Highlights:

Indicators (Rs in “000”) FY 2073/74 Q4 FY 2072/73 Q4 Growth (%)
Paid Up Capital            6,924,893            4,973,079               39.25
Reserve and Surplus            3,509,485            1,947,383               80.22
Deposits          81,664,548          65,213,520               25.23
Loans and Advances          63,025,023          46,975,534               34.17
Net Interest Income            2,916,887            2,416,111               20.73
Provision                187,907                111,346               68.76
Write Back                  28,035                  42,721             (34.38)
Operating Profit            2,340,270            2,059,235               13.65
Net Profit            1,523,856            1,331,881               14.41
Capital Adequacy Ratio (%)                     15.76                     13.49               16.83
NPL (%)                       0.10                       0.14             (28.57)
Cost of Funds (%)                       3.54                       2.55               38.82
CD Ratio (as per NRB) (%)                     75.00                     76.26               (1.65)
Base rate                       8.98                       5.98               50.17
EPS (Annualized)                     22.01                     26.78             (17.83)
Networth Per Share                  150.68                  139.16                  8.28
P/E Ratio                     30.21 

 

 

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