Nepal SBI earns Rs 1.06 arba in FY 71/72, year-to-year growth 23%. (Exclusive study)
Wed, Aug 12, 2015 12:00 AM on Others,
ShareSansar, August 12:
Nepal SBI Bank Limited (NSBI) has posted 15.43 percent growth in net profit for the fourth quarter of the last fiscal year.
Publishing the unaudited financial report for the fourth quarter today, one of the leading commercial banks has stated that the bank’s net profit increased to Rs 1.06 arba in Q4 up from Rs 92.29 crore in the corresponding quarter of the previous year.
The bank has mobilized deposits of Rs 51.62 arba in the Q4 compared to Rs 54 .49 arba in the corresponding quarter of last fiscal year. Likewise, it has extended loans of Rs 39.97 arba, up from Rs 35.27 arba.
Nepal SBI’s net interest income has slightly risen from Rs 2.04 arba in the corresponding quarter last year to Rs 1.74 arba in the Q4. The bank has managed to achieve a respectable year-on-year growth of 22.15% in its net profit. The EPS of the bank has grown by a modest 10.39% every year.
The bank has distributed an average dividend of 18.9%. The average cash dividend and bonus dividend distributed by the bank has been 5.9% and 13.01% respectively.
The bank has paid up capital of Rs 3.05 arba with Rs 2.63 arba in reserve and surplus account.
The bank has managed to lower its NPL from 0.26 percent to 0.19 percent.
Its EPS now stands at Rs 34.84 , net worth per share at Rs 186.05, PE ratio at 25.46 times and CD ratio at 79.11%.
Nepal SBI is a subsidiary of State Banks of India with 56 branches, 6 extension counters, 3 Regional Offices and Corporate Office.
