Sarlahi-based Sahara Bikas Bank Limited (SHBL) has posted profit growth of 37.84 percent in the fourth quarter (Q4) of the last fiscal year 2073/74.
As per the unaudited financial report for the fourth quarter today, stated that its net profit rose to Rs 1.38 crore in Q4 of last fiscal year 2073/74, up from Rs 1.003 crore in the corresponding period of the previous fiscal year 2072/73.
Its net interest income has risen from Rs 2.59 crore in corresponding quarter to Rs 3.41 crore in the current quarter.
Sahara Bikas Bank has paid up capital of 6.72 crore with reserve of Rs 4.61 crore in Q4.
The development bank has collected deposits of Rs 44.40 crore in the fourth quarter, down from Rs 52.69 crore in the corresponding quarter. Likewise, it extended loans and advances of Rs 37.13 crore in Q4 whereas in the same period last year the figure stood at Rs 30.22 crore
Its non-performing loan (NPL) is nil in Q4 from 0.46% in the previous year report.
SHBL’s earning per share (EPS) has decline to Rs 20.56 in Q4 from Rs 42.51 in the corresponding quarter. Its net worth per share is at Rs 168.67 and the P/E ratio at 22.37 times.
Sahara Bikas Bank Limited (SHBL) is in acquisition process by Deva Bikas Bank Limited (DBBL). Sahara’s merger process with Sahayogi Vikas Bank was abruptly cancelled in Poush, as a result of which it was increasingly difficult for the bank to increase its paid up capital as per NRB’s directive. With only one month to go, it has decided to go under acquisition by Deva Bikas Bank. As a 1-district level development bank, it should have increased its paid up capital to Rs 50 crore by the end of FY 2073/74.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
67,260 |
23,600 |
185.00 |
| Reserve and Surplus |
46,186 |
28,339 |
62.98 |
| Deposits |
444,016 |
526,956 |
(15.74) |
| Loans and Advances |
371,305 |
302,233 |
22.85 |
| Net Interest Income |
34,146 |
25,904 |
31.82 |
| Provision |
197 |
- |
#DIV/0! |
| Write Back |
- |
473 |
(100.00) |
| Operating Profit |
21,730 |
15,765 |
37.84 |
| Net Profit |
13,828 |
10,032 |
37.84 |
| Capital Adequacy Ratio (%) |
42.57 |
72.63 |
(41.39) |
| NPL (%) |
- |
0.46 |
(100.00) |
| CD Ratio (as per NRB) (%) |
66.61 |
52.21 |
27.58 |
| EPS (Annualized) |
20.56 |
42.51 |
(51.64) |
| Networth Per Share |
168.67 |
220.08 |
(23.36) |
| P/E Ratio |
22.37 |
- |
|
