Sahayogi Vikas Bank Limited (SBBLJ) has posted a rise in its profit in the fourth quarter of the fiscal year 2075/76. It has posted a rise of 17.74% in its net profit in the fourth quarter of the fiscal year 2075/76.
According to the unaudited financial report published by the development bank, its net profit stands at Rs.12.8 Crore in fourth quarter, up from Rs.10.87 Crore in the corresponding quarter of the last fiscal year 2074/75. The operating profit has increased to Rs.14.18 Crore from Rs.11.46 Crore as compared to the corresponding quarter of last fiscal year.
SBBLJ's net interest income has increased to Rs 23.34 crore from Rs 22.4 crore last year in the corresponding period. Its deposit collection has reached Rs.4.64 Arba in Q4. Likewise, it has extended loans and advances of Rs.3.95 Arba in Q4 whereas in the same period last year the figure stood at Rs.2.93 Arba.
The paid up capital of the development bank stands at Rs.50.96 Crore with reserves of Rs.25.67 Crore. Its non-performing loan has fallen to 0.21 percent in Q4 from 0.31 percent in the previous year report.
Annualized Earnings per share (EPS) of SBBLJ stands at Rs. 25.12 and net worth per share at Rs.150.38 as of the end of fourth quarter. The bank posted a PE Ratio of 7.84 times.
The company is in acquisition process by Citizens International Bank Limited.