Siddhartha Bank posts a modest 10.13% rise in profit; EPS stand at Rs 37.60
Tue, Aug 11, 2015 12:00 AM on Others,
ShareSansar, August 11:
Siddhartha Bank Limited (SBL) has posted 10.13 percent growth in net profit for the fourth quarter of the last fiscal year 2071/72.
Publishing the unaudited financial report for the fourth quarter today, Siddhartha Bank has stated that the bank’s net profit rose to Rs 77.36 crore in fourth quarter , up from Rs 70.24 crore in the corresponding quarter of the fiscal year 2070/71.
The bank has mobilized deposits of Rs 44.72 arba in the 4th quarter compared to Rs 35.40 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 36.29 arba, up from Rs 27.18 arba.
Siddhartha’s net interest income has risen from Rs 1.34 arba in the corresponding quarter last year to Rs 1.47 arba in the Q4 of FY 2071/72.
It’s paid up capital stood at Rs 2.03 arba.
The bank has managed to trim down non-performing loans to 1.80 % in Q4 from 2.75 % in the fourth quarter of the last fiscal 2070/71.
Its EPS now stands at Rs 37.60 , net worth per share at Rs 185.30 , PE ratio at 18.03 times and CD ratio at 76.71 percent.
The bank had distributed 12 percent bonus and 11 percent cash dividend from the profit it made in 2070/71 FY to its shareholders. The Bank paid up capital is one of the lowest among the commercial banks. SBL need to increase its paid up capital in 4 folds in next two years to meet the guideline set by the Central bank.
Siddhartha Bank Limited (SBL) |
Rs. In "000" | ||
| 4th Qtr. FY 2071/72 | 4th Qtr. FY 2070/71 | Growth (%) | |
| Paid-up Capital (Rs.) | 2,031,180.00 | 2,031,180.00 | 0.00% |
| Reserve (Rs.) | 1,733,962.00 | 969,715.00 | 78.81% |
| Deposits (Rs.) | 44,722,073.00 | 35,408,654.00 | 26.30% |
| Loans and Adv. (Rs.) | 36,296,594.00 | 27,186,905.00 | 33.51% |
| Net Interest Income (Rs.) | 1,477,289.00 | 1,348,167.00 | 9.58% |
| Provision for Possible Losses (Rs.) | 247,726.00 | 423,229.00 | |
| Operating Profit (Rs.) | 987,621.00 | 743,137.00 | 32.90% |
| Write Back (Rs.) | 197,952.00 | 266,403.00 | |
| Net Profit (Rs.) | 773,669.00 | 702,462.00 | 10.14% |
| Capital Adequacy Ratio (%) | 11.29% | 11.41% | -1.05% |
| Cost of Funds (as per NRB) (%) | 4.62% | 5.40% | -14.44% |
| Earning Per Share (annualized) | 37.6 | ||
| P/E Ratio (Times) | 18.03 | ||
| Net Worth per Share (Rs.) | 185.32 | ||
