Nepal SBI Bank Limited (SBI) has published its third quarter financial statement of the current fiscal year. According to the financial statement, the bank’s profit has decreased compared to the same period of last year.
The bank has earned a net profit of Rs 1 Arab 43 Crore 82 Lakh as of third quarter of current f/y. This is Rs. 16 Crore 24 Lakh less than the same period last year. The bank had earned a net profit of Rs 1 Arab 60 Crore 6 Lakh in the corresponding period last year.
The bank’s net profit has come down with a decline in net interest income.
The bank has earned net interest income of Rs 3 Arab 13 Crore 98 Lakh by the end of the third quarter. This is Rs. 21 Crore 73 Lakh less than the same period last year.
The bank’s operating profit declined by Rs. 15 Crore 43 Lakh to Rs. 2 Arab 4 Crore 91 Lakh during the review period.
Along with net profit, the bank’s earnings per share(EPS) has also declined. Such income of the bank, which was Rs 25.26 paisa in the third quarter of last year, has come down to Rs 21.41 paisa in the same period of the current fiscal year. The bank has a net worth of Rs 163.72 per share and a Price-to-earnings (PE) ratio of 19.24 times.
The bank, which has a paid-up capital of Rs 8 Arab 95 Crore 62 Lakh, has accumulated Rs 5 Arab 16 Crore 79 Lakh in the reserve fund and Rs 53 Crore 51 Lakh in the shareholders’ fund. The bank has collected Rs 1 Kharab 7 Arab in deposits and disbursed Rs 95 Arab 21 Crore in loans during the period. The distributable profit of the bank during the period was Rs. 1 Arab 43 Crore. The non-performing loan of the bank is 0.19 percent.