Kathmandu. Siddhartha Bank last fiscal year 2081. Financial statements for the fourth quarter of 82 have been made public.
According to the financial statement, the bank earned a profit of Rs 3.39 billion in the last fiscal year. The previous fiscal year 2080. The bank had posted a profit of Rs 3.08 billion in 2018. In this way, the bank’s profit has increased by 10.24 percent compared to the previous year.
In the review year, the bank’s distributable profit stood at Rs 1.86 billion. The bank has the capacity to share 13.22 percent dividend.
In the review year, the operating profit of the bank increased to Rs 5.02 billion. In the previous fiscal year, the operating profit was Rs 4.48 billion. The bank’s operating profit also increased by 12.16 percent.
In the fourth quarter of the last fiscal year, the bank earned Rs 8.43 billion in interest income. In the same period last year, the bank had earned Rs 7.93 billion in interest income. Interest income increased by 6.43 percent.
With a paid-up capital of Rs 14.89 billion, the bank’s retind earnings are negative at Rs 1.86 billion and reserves are Rs 15.04 billion. In the previous year, the retained earnings were negative by Rs 583 million, while the reserve was Rs 13.39 billion.
In the review year, the bank collected deposits of Rs 280.32 billion and invested Rs 214.54 billion in loans. In the previous fiscal year, the bank collected deposits of Rs 241.32 billion and invested Rs 195.47 billion in loans.
In the review year, the bank’s bad loan ratio (NPL) increased to 2.62 percent. In the same period last year, the bank’s NPL was 2.176 percent.
The bank’s annualized earnings per share (EPS) increased to Rs 24.10. Last year, the EPS was Rs 21.86. The bank has a net worth of Rs 219.97 per share with a PE ratio of 15.93 times.
