Siddhartha Bank Limited (SBL) has posted net profit increase by 52.06 % for the second quarter (Q2) of the fiscal year 2073/74. The commercial bank has earned Rs 74.94 crore in Q2 compared to Rs 49.28 crore in the corresponding quarter of the previous fiscal year.
Publishing the unaudited financial report for the second quarter today, Siddhartha Bank stated that its net interest income increased to Rs 1.31 arba in Q2 up from Rs 80.14 crore in the previous fiscal year.
Its paid up capital remains at Rs 5.23 arba with reserve of Rs 2.51 arba.
The bank has collected deposits of Rs 74.29 arba in Q2 compared to Rs 48.59 arba in the corresponding quarter last year. Likewise, it has disbursed loans of Rs 62.65 arba, up from Rs 40.30 arba.
The non-performing loan (NPL) has meagerly rises to 1.50 percent in Q2 from 1.41 percent in the corresponding quarter.
Annualized earning per share (EPS) of the bank now stands at Rs 27.74, net worth per share at Rs 147.22 and PE ratio at 35.91 times. Its EPS has been seen as reduced as it has capitalized the allotted 25% right shares along with the proposed 39% bonus shares for the FY 2072/73. Siddhartha Bank is
auctioning non-allotted right shares from Magh 11, 2073.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
5,235,008.00 |
2,437,416.00 |
114.78% |
| Reserve and Surplus |
2,515,712.00 |
1,811,431.00 |
38.88% |
| Deposits |
74,299,771.00 |
48,595,447.00 |
52.89% |
| Loans and Advances |
62,659,288.00 |
40,300,618.00 |
55.48% |
| Net Interest Income |
1,313,320.00 |
801,492.00 |
63.86% |
| Provision |
277,739.00 |
128,884.00 |
- |
| Write Back |
127,420.00 |
103,850.00 |
- |
| Operating Profit |
903,454.00 |
606,912.00 |
- |
| Net Profit |
749,496.00 |
492,886.00 |
52.06% |
| Capital Adequacy Ratio |
11.63% |
11.12% |
- |
| NPL |
1.50% |
1.41% |
- |
| Base Rate |
6.79% |
7.06% |
- |
| CD Ratio (as per NRB) |
77.92% |
77.50% |
- |
| EPS (Annualized) |
27.74 |
40.44 |
-31.41% |
| PE Ratio |
35.91 |
|
|
| Networth Per Share |
147.22 |
|
|
