Sanima Bank’s massive rise in profit in the fourth quarter; EPS and Net worth per share stand at Rs 23.21 and Rs 141.33 respectively
Wed, Aug 15, 2018 1:40 AM on Financial Analysis, Latest, Stock Market,
Sanima Bank Limited (SANIMA) has published its fourth quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a massive rise in the net profit by 26.20% in the fourth quarter of the fiscal year 2074/75.
The bank’s profit has increased from 1.85 arba in the fourth quarter of the fiscal year 2073/74 to Rs 1.47 arba in the fourth quarter of the fiscal year 2074/75. In the last quarter of the FY 2074/75, the bank has Rs 1.68 arba as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit has growth rate of 36.97% to Rs 79.15 arba and loans and advances have also increased by 34.18% to Rs 70.02 arba in the last quarter. The borrowings of the bank have decreased to Rs 35.89 crore from Rs 61.10 crore.
The net interest income of the bank has also increased to Rs 2.98 arba from Rs 2.31 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.001 arba with Rs 3.30 arba as its reserve.
The Non-Performing Loan (NPL) has also increased to 0.03% from 0.01%.
In the fourth quarter, the EPS of the bank stands at Rs 23.21. The net worth per share stands at Rs 141.33.
Major Highlights:
|
Particulars (In Rs '000) |
SANIMA |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
8,001,255 |
6,897,634 |
16.00% |
|
Reserve & Surplus |
3,307,057 |
2,652,674 |
24.67% |
|
Deposits |
79,152,277 |
57,790,134 |
36.97% |
|
Borrowings |
358,950 |
611,009 |
-41.25% |
|
Loans & Advances |
70,026,333 |
52,190,082 |
34.18% |
|
Net Interest Income |
2,984,289 |
2,316,988 |
28.80% |
|
Operating Profit |
2,662,560 |
2,064,382 |
28.98% |
|
Net Profit |
1,857,417 |
1,471,862 |
26.20% |
|
Total Comprehensive Income after Share of NCI |
1,773,677 |
1,464,693 |
21.10% |
|
Add/ Less: Regulatory adjustment as per NRB |
(172,996) |
(138,819) |
24.62% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
1,684,421 |
1,333,042 |
26.36% |
|
NPL |
0.03 |
0.01 |
200.00% |
|
Annualized EPS (In Rs.) |
23.21 |
21.34 |
8.79% |
|
Net Worth per Share (In Rs.) |
141.33 |
138.46 |
2.08% |
