Despite Satisfactory Growth In Business Volume Core Business Revenue Remained Stagnant For Siddhartha Bank In Q4

Siddhartha Bank Limited (SBL) has published its fourth-quarter report for the FY 2077/78 with growth in net profit by 32.31%. The bank’s profit has increased from Rs 2.14 Arba in the fourth quarter of the fiscal year 2076/77 to Rs 2.83 Arba in the fourth quarter of the fiscal year 2077/78.

In the same quarter, the bank has Rs 1.21 arba as distributable profit after PL Appropriation and Regulatory Adjustments.

The bank’s deposit from customers grew at 29.59% (compared to the immediate previous year ending) to Rs 1.80 kharba and loans and advances to customers have increased by 28.30% (compared to the immediate previous year ending) to Rs 1.58 kharba in the fourth quarter. The net interest income of the bank has remained stagnant to Rs 5.53 Arba from Rs 5.57 Arba of the corresponding quarter.

The bank’s paid-up capital stands at Rs 10.96 Arba with Rs 89.30 Arba as its reserve and surplus.

The Non-Performing Loan (NPL) has declined to 1.16% from 1.38%.

In the fourth quarter, the EPS of the bank stands at Rs 25.87. The net worth per share stands at Rs 184.86 and the qtr end PE ratio stands at 19.48 times.

Click here for the Q4 report

Financial Highlights:

 * FY 2076/77 Figure is of Immediate Previous Year Ending