Nepal SBI Bank’s distributable profit amounts to massive Rs 1.34 arba; improved performance increases the EPS and Net worth of the bank
Mon, Aug 13, 2018 2:40 AM on Stock Market, Latest,
Nepal SBI Bank Limited (SBI) has published its fourth quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a rise in the net profit by 19.93% in the fourth quarter of the fiscal year 2074/75.
The bank’s profit has increased from 1.56 arba in the fourth quarter of the fiscal year 2073/74 to Rs 1.88 arba in the fourth quarter of the fiscal year 2074/75. In the last quarter of the FY 2074/75, the bank has Rs 1.34 arba as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit has minimum growth rate of 4.20% to Rs 84.21 arba and loans and advances have also increased by 18.49% to Rs 75.88 arba in the last quarter. The borrowings of the bank have decreased to Rs 2.70 arba from Rs 6.15 arba. The net interest income of the bank has also increased to Rs 4.12 arba from Rs 2.99 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.04 arba with Rs 4.74 arba as its reserve.
The Non-Performing Loan (NPL) increased to 0.20% from previous 0.10%.
In the fourth quarter, the EPS of the bank stands at Rs 23.32. The net worth per share stands at Rs 159.01.
Major Highlights:
|
Particulars (In Rs '000) |
SBI |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
8,046,905 |
6,924,893 |
16.20% |
|
Reserve & Surplus |
4,748,735 |
3,614,850 |
31.37% |
|
Deposits |
84,216,418 |
80,818,816 |
4.20% |
|
Borrowings |
2,709,590 |
6,155,388 |
-55.98% |
|
Loans & Advances |
75,885,697 |
64,044,615 |
18.49% |
|
Net Interest Income |
4,128,887 |
2,997,176 |
37.76% |
|
Operating Profit |
5,025,637 |
3,870,805 |
29.83% |
|
Net Profit |
1,876,507 |
1,564,689 |
19.93% |
|
Total Comprehensive Income afterShare of NCI |
1,886,889 |
1,570,333 |
20.16% |
|
Add/ Less: Regulatory adjustment as per NRB |
(546,324) |
(436,168) |
25.26% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
1,340,565 |
1,134,165 |
18.20% |
|
NPL |
0.20 |
0.10 |
100.00% |
|
Annualized EPS (In Rs.) |
23.32 |
22.60 |
3.21% |
|
Net Worth per Share (In Rs.) |
159.01 |
152.20 |
4.48% |
|
P/E Ratio (In times) |
21.4 |
- |
- |
