Nepal SBI Bank earns Rs 1.43 arba in Q3; Distributable profit decline by 91.14% to Rs 10.43 crore due to low credit recovery
Mon, May 11, 2020 6:19 AM on Financial Analysis, Stock Market, Latest,
Nepal SBI Bank Limited (SBI) has published its third quarter report for the FY 2076/77 with fall in net profit by 10.15%. The bank’s profit has decline from Rs 1.60 arba in the third quarter of the fiscal year 2075/76 to Rs 1.43 arba in the third quarter of the fiscal year 2076/77.
In the same quarter, the bank has just Rs 10.43 crore as distributable profit after PL Appropriation and Regulatory Adjustments. Last in same period, SBI Bank has Rs 1.17 arba as distributable profit. This massive decline in distributable profit is seen due to low credit recovery resulting from COVID-19 outbreak and lockdown in the country.
The bank’s deposit from customers has increased by 9.27% to Rs 1.07 kharba and loans and advances to customers increased by 12.83% to Rs 95.21 arba till the third quarter. The net interest income of the bank has decreased by 6.47% to Rs 3.13 arba from Rs 3.35 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.95 arba with Rs 5.70 arba as its reserve and surplus. The Non-Performing Loan (NPL) remains at 0.19%.
In the third quarter, the annualized EPS of the bank stands at Rs 21.41. The net worth per share stands at Rs 163.68 and qtr end PE ratio stands at 19.24 times.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
|
Particulars (In Rs '000) |
Nepal SBI Bank |
||
|---|---|---|---|
|
Q3 2076/77 |
Q3 2075/76 |
Difference |
|
|
Share Capital* |
8,956,206 |
8,449,251 |
6.00% |
|
Share Premium* |
0 |
0 |
|
|
Retained Earnings* |
535,103 |
1,853,743 |
-71.13% |
|
Reserves* |
5,167,920 |
3,851,456 |
34.18% |
|
Deposits from Customers* |
107,002,501 |
97,924,444 |
9.27% |
|
Loans & Advances to customers* |
95,216,886 |
84,386,336 |
12.83% |
|
Net Interest Income |
3,139,893 |
3,357,210 |
-6.47% |
|
Fee and Commission Income |
717,215 |
709,344 |
1.11% |
|
Impairment Charge/(Reversal) |
95,305 |
138,946 |
- |
|
Personnel Expenses |
1,186,890 |
1,122,682 |
5.72% |
|
Operating Profit |
2,049,152 |
2,203,536 |
-7.01% |
|
Profit/(Loss) for the Year |
1,438,211 |
1,600,647 |
-10.15% |
|
Total Comprehensive Income |
1,440,634 |
1,585,393 |
-9.13% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
104,392 |
1,178,376 |
-91.14% |
|
Capital Adequacy Ratio (CAR) |
14.74 |
3.30 |
346.67% |
|
NPL |
0.19 |
0.19 |
0.00% |
|
CCD (as per NRB Directives) |
75.65 |
75.58 |
0.09% |
|
Cost of Fund (%) |
6.79 |
5.86 |
15.87% |
|
Base Rate (%) |
9.86 |
9.73 |
1.34% |
|
Annualized EPS (In Rs.) |
21.41 |
25.26 |
-15.23% |
|
Net Worth per Share (In Rs.) |
163.68 |
167.52 |
-2.30% |
|
Qtr End PE Ratio (times) |
19.24 |
- |
- |
|
Qtr End Market Price |
412 |
- |
- |
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