Nepal SBI Bank reports 22.71% growth in profit for Q3 of 2071/72
Sun, May 10, 2015 12:00 AM on Others,
ShareSansar May 10:
Nepal SBI Bank Limited has posted 22.71 percent growth in net profit for the third quarter of the current fiscal year 2071/72.
Publishing the unaudited financial report for the third quarter today, one of the leading commercial banks has stated that the bank’s net profit rose to Rs 82.79 crore, up from Rs 67.47 crore in the corresponding quarter of the last fiscal year 2070/71.
The bank has mobilized deposits of Rs 54.77 arba in the 3rd quarter compared to Rs 51.43 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 39.74 arba, up from Rs 33.59 arba.
Nepal SBI’s net interest income has slightly risen from Rs 1.27 arba in the corresponding quarter last year to 1.50 arba in the third quarter of 2071/72.
It posted an operating profit of Rs 1.22 arba.
The bank has managed to lower its NPL from 0.35 percent in the third quarter of the last fiscal to 0.18 percent this year.
Its EPS now stands at Rs 36.10, net worth per share at Rs 179.13, PE ratio at 24.96 and CD ratio at 77.97%.
