Nepal SBI Bank earns Rs 1.60 arba till Q3 with EPS of Rs 25.26; Can give 18% dividend from this year profit
Thu, Apr 25, 2019 6:48 AM on Financial Analysis,
Nepal SBI Bank Limited (SBI) has published the third quarter report for FY 2075/76 with satisfactory 16.01% growth in net profit.
The bank’s profit has increased from Rs 1.37 arba in the third quarter of the fiscal year 2074/75 to Rs 1.60 arba in the third quarter of the fiscal year 2075/76.
In the same quarter, the bank has Rs 1.17 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. If the profit growth of this quarter continues in fourth quarter then the company will have Rs 1.56 arba (approx.) as distributable profit. This means Nepal SBI can distribute around 18% (approx.) dividend from the earnings of FY 2075/76 next year if other regulatory requirements are not required.
The bank’s has deposit of Rs 1 kharba and loans and advances is Rs 85.79 arba till third quarter. The net interest income of the bank has increased by 16.11% to Rs 3.35 arba from Rs 2.89 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.44 arba with Rs 5.03 arba as its reserve.
The Non-Performing Loan (NPL) has also slightly increased to 0.19% from 0.13%.
In the third quarter, the annualized EPS of the bank stands at Rs 25.26. The net worth per share stands at Rs 159.56 and PE ratio stands at 16.46 times.
Major Highlights:
* Figure are of Immediate Previous Year Ending (Audited)
|
Particulars (In Rs '000) |
Nepal SBI Bank |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
8,449,251 |
8,046,905* |
5.00% |
|
Reserve & Surplus |
5,032,037 |
4,754,199* |
5.84% |
|
Deposits |
1,000,083,441 |
84,227,327* |
1087.36% |
|
Loans & Advances |
85,794,388 |
72,363,660* |
18.56% |
|
Net Interest Income |
3,357,210 |
2,891,382 |
16.11% |
|
Impairment Charge/(Reversal) |
-138,946 |
-141,525 |
- |
|
Operating Profit |
2,203,536 |
2,015,332 |
9.34% |
|
Profit/(Loss) for the Year |
1,600,647 |
1,379,785 |
16.01% |
|
Total Comprehensive Income |
1,585,393 |
1,379,785 |
14.90% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
1,178,376 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
13.30 |
15.70 |
-15.29% |
|
NPL |
0.19 |
0.13 |
46.15% |
|
CCD (as per NRB Directives) |
75.58 |
79.25 |
-4.63% |
|
Cost of Fund (%) |
5.86 |
5.25 |
11.62% |
|
Base Rate (%) |
9.73 |
9.89 |
-1.62% |
|
Annualized EPS (In Rs.) |
25.26 |
22.86 |
10.48% |
|
Net Worth per Share (In Rs.) |
159.56 |
159.08 |
0.30% |
|
PE Ratio |
16.46 |
- |
- |
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