Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Sanima Bank has reported a 42.22 percent rise in net profit in the third quarter of the current fiscal year 2025/26 (2082/83 BS), reaching Rs 2.35 billion.
The bank had posted a net profit of Rs 1.65 billion during the same period last fiscal year.
Net interest income grew by 20.48 percent to Rs 5.16 billion, compared to Rs 4.28 billion a year earlier.
During the review period, net fee and commission income increased by 10.05 percent to Rs 957.39 million. Total operating income rose by 20.40 percent to Rs 7.27 billion, while operating profit surged by 47.49 percent to Rs 3.32 billion.
By the end of Chaitra, the bank’s distributable profit stood at Rs 2.14 billion, indicating a dividend capacity of 18.57 percent. In the same period last year, distributable profit was Rs 2.19 billion.
Sanima Bank’s paid-up capital stands at Rs 15.58 billion, with reserves totaling Rs 8.66 billion.
The bank mobilized deposits worth Rs 233.86 billion and extended loans of Rs 190.77 billion during the period. Deposits increased by 4.42 percent (Rs 9.91 billion), while lending rose by 8.12 percent (Rs 14.33 billion) compared to the previous year.
The credit-to-deposit (CD) ratio stood at 82.76 percent.
Asset quality slightly deteriorated, with non-performing loans rising to 3.99 percent from 3.42 percent a year ago. However, the base rate declined to 5.11 percent from 6.43 percent.
Earnings per share (EPS) improved to Rs 22.92 from Rs 16.33, while net worth per share reached Rs 179.55. The bank’s price-to-earnings (P/E) ratio stood at 15.27 times.
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