Sanima Bank posts 48.19% NII growth in Q2, net profit stands at Rs 27.81 crore

ShareSansar, January 26:

Sanima Bank Limited has reported 43.11 percent net profit growth in the second quarter of this fiscal year 2071/72.

Publishing the unaudited report for the second quarter today, the commercial bank has stated that its net profit surged to Rs 27.81 crore up from Rs 19.43 crore in the corresponding quarter of the previous fiscal year 2070/71.

The profit was largely propelled by its net interest income (NII) of Rs 53.76 crore compared to Rs 36.27 crore of last fiscal year which is almost 49 percent growth. The increase in net interest income clearly signals that the banks were able to increase its core business activities.

Sanima Bank able to collect Rs 30.14 arba in deposit and mobilized Rs 25.89 arba in loan and advances in the last fiscal year as compared to Rs 19.88 arba in deposit and Rs 17.17 arba in loan by the end of the previous fiscal year.

It was able to post an impressive profit even after provisioning Rs 6.38 crore for possible losses.

Sanima Bank annualized EPS now stands at Rs 21.88, per share net worth at Rs 122.01 and P/E ratio at 24.64 times.

Its NPA is at 0.04 percent which regarded as a impressive level.