Comparative performance: Sanima Bank vs Siddhartha Bank

INVESTOPAPER

Two commercial banks, namely Siddhartha Bank and Sanima Bank have published the second quarter report of this fiscal year. Both banks have reported decent performance until the second quarter. Siddhartha Bank has reported a decline in the profit, with a 6 months profit of Rs 1.03 Arba. On the other hand, Sanima Bank has increased its profit by 17 percent to Rs. 1.15 Arba.

The deposit collection by Sanima and Siddhartha bank stand at Rs. 99.30 Arba and Rs. 126.55 Arba respectively. The free or distributable profit of Sanima bank is Rs. 95 crores while Siddhartha Bank has a free profit of Rs. 57 crores only. See the comparative performance of both banks (based on the second-quarter report) in the table below and decide which bank do you like more. In your view, which bank is more financially sound? Share your views in the comment section.

Comparative Performance: Sanima Bank Vs Siddhartha Bank

HEADINGS Sanima Bank Siddhartha Bank
PAID-UP CAPITAL (Rs. In Arba) 8.8 9.79
RESERVE & SURPLUS (Rs. In Arba) 3.44 4.96
DEPOSITS (Rs. In Arba) 99.3 126.55
LOANS  (Rs. In Arba) 88.71 118.36
NET INTEREST INCOME (Rs. In Arba) 2.17 2.77
PROFIT (Rs. In Arba) 1.15 1.03
DISTRIBUTABLE PROFIT (Rs. In Arba) 0.95 0.57
NON PERFORMING LOANS, NPL (%) 0.41 1.55
BASE RATE(%) 9.29 10.04
EARNINGS PER SHARE, EPS (Rs.) 26.15 21.57
NETWORTH PER SHARE (Rs.) 139.06 150.72
MARKET PRICE PER SHARE (Rs.) [Poush end, 2076] 343 316
P/E RATIO 13.12 14.65

Note: The above figures are based on the unaudited second-quarter report published by the banks. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit. 

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