Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Sanima Bank has reported notable growth in profit, deposit collection, and loan investment in the fiscal year 2081/82. The bank’s net profit rose by 7.24% to NPR 2.571 billion, up from NPR 2.397 billion in the previous year.
Distributable profit surged by a remarkable 92.12% to NPR 2.780 billion, giving the bank the capacity to distribute a 20.47% dividend. In the previous year, distributable profit stood at NPR 1.447 billion, with a dividend capacity of 10.66%.
Net interest income increased by 2.81% to NPR 6.355 billion. The bank’s paid-up capital reached NPR 13.581 billion, while reserves climbed to NPR 6.567 billion.
Deposits grew by 13.56% to NPR 223.954 billion, and loan disbursements increased by 10.68% to NPR 176.445 billion. In the previous fiscal year, the bank had collected NPR 197.197 billion in deposits and issued NPR 159.415 billion in loans.
Alongside profit growth, earnings per share (EPS) rose by NPR 1.28 to NPR 18.93. The bank’s net worth per share is NPR 168.83, and its price-to-earnings (P/E) ratio stands at 19.80 times.
However, non-performing loans (NPLs) increased from 1.72% to 3.01% over the year. The bank’s return on equity (ROE) is 11.73%.
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