Sunrise Bank profit rises by 39.73% in Q2; NPL dropped to 2.30%
Sun, Feb 14, 2016 10:59 AM on Latest, Financial Analysis, Featured,

Sunrise Bank Limited (SRBL) has posted a modest net profit of 39.73 percent in its net profit for the second quarter of the current fiscal year 2072/73.
Publicizing the unaudited quarterly report for the second quarter today, the commercial bank has stated that its net profit increased to Rs 36.39 crore in the second quarter, up from Rs 26.04 crore in the corresponding quarter of the previous fiscal year.
The bank’s net interest income has also risen to Rs 64.79 crore, up from Rs 55.26 crore in the second quarter of the previous fiscal year.
Sunrise Bank has paid up capital of Rs 3.22 arba with reserve of Rs 79.48 crore.
It has collected Rs 37.22 arba in deposit and Rs 30.10 arba in loan as compared to Rs 29.21 arba in deposit and Rs 23.35 arba in loan and advances in the corresponding quarter last year.
The bank’s non-performing loan dropped to 2.30 percent, from 3.97 percent in the same period of the previous fiscal year.
Its EPS (annualized) has now risen to Rs 22.60 and its net worth per share stands at Rs 124.68 and the P/E ratio at 17.21.


