Kathmandu. Sindhu Bikas Bank FY 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 117.8 million in the last fiscal year. In the previous fiscal year, the bank had posted a profit of Rs 30.4 million. In this way, the bank’s profit has increased by 287.60 percent compared to the previous year.
In the review year, the operating profit of the bank increased to Rs 153.5 million. In the previous year, the operating profit was limited to Rs 29.6 million. The operating profit of the bank also increased by 417.39 percent.
In the fourth quarter of the last fiscal year, the bank earned Rs 133.7 million in interest income. In the same period last year, the bank had earned Rs 191.4 million in interest income. Interest income declined by 30.14 percent.
With a paid-up capital of Rs 557.4 million, the bank’s retind earnings are negative by Rs 207.5 million and reserves are Rs 133.4 million. In the previous fiscal year, retained earnings stood at Rs 371.7 million, while reserves stood at Rs 168.2 million.
During the review period, the bank collected deposits of Rs 5.68 billion and invested Rs 3.25 billion in loans. In the previous fiscal year, the bank had collected deposits of Rs 5.89 billion and invested Rs 3.58 billion in loans.
In the review year, the bank’s bad loan ratio (NPL) has come down to 6.03 percent. In the same period last year, the bank’s NPL was 10.63 percent.
In the review year, the bank’s distributable profit was negative by Rs 207.5 million. In the previous fiscal year, the bank’s net profit stood at Rs 371.7 million.
The bank’s annualized earnings per share (EPS) increased to Rs 21.15. Last year, the EPS was limited to Rs 5.46. The bank has a net worth of Rs 86.70 per share with a PE ratio of 40.99 times.
