Sanima Bank Q1 earning surges by 52.98% to Rs 27.05 crore; NPL stands at 0.05%

Sanima Bank Limited (SANIMA) has registered a net profit rise of 52.98 percent in the first quarter (Q1) of the fiscal year 2073/74. Publishing the unaudited quarterly report for the first quarter today, the commercial bank has registered a net profit of Rs. 27.05 crore in the Q1 of fiscal year 2073/74, up from Rs.17.68 crore in the corresponding quarter of fiscal year 2072/73. Sanima Bank has a paid up capital of Rs.5.27 arba with reserve of Rs.1.01 arba in Q1 of the current fiscal year 2073/74. The commercial bank’s net interest income surged to Rs 53.43 crore in this quarter compared to Rs 32.45 crore of the corresponding quarter of the previous fiscal year. Sanima Bank has collected Rs.48.61 arba in deposits and mobilized Rs.44.60 arba in loans in the first quarter of 2073/74 .The deposit and loan was Rs 35.43 arba and Rs.30.33 arba respectively in the corresponding quarter of fiscal year 2072/73. The bank has an operating profit of Rs 44.64 crore in Q1 compared to Rs 26.67 crore in the corresponding quarter of the previous fiscal year. The bank’s non-performing loan remains at 0.05 percent. SANIMA’s annualized EPS remains at Rs 20.19 in Q1. Likewise, its net worth per share stands at Rs.119.24 and P/E ratio is 32.29 times.