Sanima Bank reports net profit rise of 41.30 % in Q4; NPL mere 0.07%

ShareSansar July 27:

Sanima Bank Limited (SANIMA) has reported a net profit rise of 41.30 percent in the fourth quarter of the last fiscal year 2071/72.

Publishing the unaudited quarterly report for the fourth quarter today, the commercial bank has stated that it has registered a net profit of Rs 60.41 crore in the fourth quarter of fiscal year 2071/72, up from Rs 42.75 crore in the corresponding quarter of fiscal year 2070/71.

The profit is attributable to its core business as its net interest income surged from Rs 81.87 crore in the fourth quarter of the fiscal year 2070/71 to Rs 1.13 arba in fourth quarter of last fiscal year.

Sanima Bank collect  Rs 34.04 arba in deposit and mobilize  Rs 28.22 arba in loan in the fourth quarter of 2071/72 as compared to Rs 24.87 arba in deposit and Rs 20.37 arba in the corresponding quarter of fiscal year 2070/71.

The bank had only floated Rs 1.95 arba as a real estate loan, the sector most affected by earthquake. 

The bank’s non-performing loan has increased a little to 0.07 in fourth quarter of fiscal year 2071/72, up from 0.02 in the same period of the fiscal year 2070/71.

It may be noted that its NPL had stood at 0.10 by the end of the third quarter in fiscal year 2071/72.

The Bank’s CD ratio stands at 76.10 percent.

Sanima’s EPS has risen to Rs 23.69, up from Rs 19.28 in the corresponding quarter and its net worth per share now stands at 134.79, up from Rs 127.77 in the corresponding quarter of fiscal year 2070/71.

As per Monetary Policy 2072/73, Commercial Banks need to increase their capital to Rs 8 arba by the end of Ashad of the Fiscal Year 2074.

Sanima Bank has a Paid -up capital of Rs 2.55 arba and a Reserve of Rs 8.87 crore at present.