Sahara Dev. Bank earning surges by 111.21%; NPL rose to 1.29 from 0.72 percent
Mon, Aug 24, 2015 12:00 AM on Others,
ShareSansar, August 24;
Sahara Bikash Bank Limited (SHBL) has registered huge profit rise of 111.21 percent by the end of the fourth quarter of the last fiscal year 2071/72.
According to the unaudited financial report published by the development bank today, its net profit has surged to Rs 98.40 lakh in fourth quarter up from Rs 46.58 lakh in the corresponding quarter of the last fiscal year 2070/71.
Sahara Bikash Bank’s net interest income has risen to Rs 2.20 crore by the end of the fourth quarter as compared to Rs 1.29 crore in the corresponding quarter. It’s paid up capital remains at Rs 2 crore.
The bank has mobilized Rs 37.50 crore in deposits in Q4 up from Rs 23.81 in the corresponding period last year. Likewise, it has extended loans and advances of Rs 28.28 crore whereas in the same period last year the figure stood at Rs18.44 crore.
Meanwhile, its non-performing loan (NPL) has also risen to 1.29 percent in Q4 up from 0.72 percent in the previous year report.
Its Earning per share stand at Rs 49.20, net worth per share at 226.32, and the P/E ratio at 26.67 times.
The working area of Sahara Bikash Bank is limited to one district. As per Nepal Rastra Bank (NRB) Directives the one district development bank needs to increase their minimum paid-up capital requirement by 25 times.
