See the major Q1 highlights of Sanima Bank; Comprehensive Income rises by 38%
Thu, Nov 15, 2018 8:58 AM on Financial Analysis, Latest, Stock Market,
Sanima Bank Limited (SANIMA) has published its first quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a decent rise in the net profit by 41.08% in the first quarter of the fiscal year 2075/76.
The bank’s profit has increased from 52.54 crore in the first quarter of the fiscal year 2074/75 to Rs 74.12 crore in the first quarter of the fiscal year 2075/76. In the first quarter of the FY 2075/76, the bank has Rs 46.44 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 30.20% to Rs 84.16 arba and loans and advances have also increased by 29.45% to Rs 75.08 arba in the first quarter. The borrowings of the bank have increased to Rs 87.09 crore from Rs 31.90 crore.
The net interest income of the bank has also increased to Rs 97.84 crore from Rs 64.26 crore 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 decreased to 0.08% from 0.14%.
In the fourth quarter, the EPS of the bank stands at Rs 25.91. The net worth per share stands at Rs 141.30.
Major Highlights:
|
Particulars (In Rs '000) |
SANIMA |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
8,001,255 |
8,001,255 |
0.00% |
|
Reserve & Surplus |
3,304,912 |
14,334,600 |
-76.94% |
|
Deposits |
84,163,245 |
64,640,682 |
30.20% |
|
Borrowings |
870,996 |
319,046 |
173.00% |
|
Loans & Advances |
75,083,775 |
58,004,189 |
29.45% |
|
Net Interest Income |
978,416 |
642,610 |
52.26% |
|
Operating Profit |
740,899 |
525,404 |
41.02% |
|
Net Profit |
528,871 |
375,022 |
41.08% |
|
Total Comprehensive Income afterShare of NCI |
518,282 |
375,022 |
38.20% |
|
Add/ Less: Regulatory adjustment as per NRB |
(54,443) |
(48,031) |
13.35% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
464,427 |
326,991 |
42.03% |
|
NPL |
0.08 |
0.14 |
-42.86% |
|
Annualized EPS (In Rs.) |
25.91 |
18.75 |
38.20% |
|
Net Worth per Share (In Rs.) |
141.30 |
279.15 |
-49.38% |
|
P/E Ratio (In times) |
13.16 |
- |
- |
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