Nepal SBI Bank reports increased profit in the third quarter; EPS stands at Rs 22.86 and net worth per share at Rs 151.69

Nepal SBI Bank Limited (SBI) has earned Rs 1.3 arba in net profit until the end of third quarter of the ongoing fiscal year 2074/75.

As per the unaudited financial statement of the commercial bank published today, it has posted 24.94% increase in its net profit. It had earned Rs 1.1 arba in the same period last year.

Its net interest income has increased by 31.68% in Q3 this year.

Its paid up capital stands at Rs 8.04 arba with a reserve of Rs 4.15 arba. Its reserve was at Rs 3.11 arba in the corresponding quarter which has increased by 33.71%. Its net worth per share has decreased to Rs 151.69.

The bank has collected Rs. 83.84 arba in deposits in Q3 which a fall from Rs 85.46 arba in the same quarter of previous year. Its loan and advances boosted to Rs 74.05 arba in the current fiscal year up from Rs 61.71 arba in the corresponding period of the previous fiscal year.

SBI’s non-performing loan has slightly inclined from 0.12 % in the corresponding period of the fiscal year 2073/74 to 0.13% in third quarter of the fiscal year 2074/754. Its annualized EPS now stands at Rs 22.86 and P/E ratio at 24.06 times

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