Nepal SBI Bank Reports 49 Percent Drop In Net Profit (Q2 Report)
January 28, 2021 | Investopaper
Nepal SBI Bank Limited has reported a massive decline in profit until the second quarter of the current fiscal year 2077/78. The bank has earned Rs. 51 crores in net profit, which is almost 49 percent lower than Rs. 1 Arba of the same period last year.
The fall in the net interest income has led to a decline in profit. The bank earned a net interest income of Rs. 1.18 Arba in the six months period which is 43 percent lower than the corresponding period of the previous year.
Until the Poush end, 2077 BS, Nepal SBI Bank has a paid-up capital of Rs 8.95 Arba. It has collected Rs. 103.24 Arba in deposits from the customers. Likewise, the bank has floated Rs. 88.52 Arba as loans to the customers.
The annualized EPS stands at Rs. 11.50. Likewise, the per-share net worth is Rs. 171.67. The base rate has fallen to 7.49 percent while NPL has increased to 0.19 percent.
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Dividend History Of Nepal SBI Bank Limited (SBI)
Nepal SBI Bank’s Performance In FY 2076/77
The quarterly report of Nepal SBI Bank is summarized in the table below:
Nepal SBI Bank Second Quarter Report Summary, FY 2076/77
| Financial Indicators | Q2, F.Y. 2077/78 | Q4, F.Y. 2076/77 | Percent Change |
| Paid-up capital(Rs.’Arba’) | 8.95 | 8.95 | 0.00 |
| Reserve and Surplus(Rs.’Arba’) | 6.08 | 5.82 | 4.47 |
| Deposits From Customers (Rs.’Arba’) | 103.24 | 110.44 | -6.52 |
| Loans & Advances To Customers (Rs.’Arba’) | 88.52 | 89.61 | -1.22 |
| Financial Indicators | Q2, F.Y. 2077/78 | Q2, F.Y. 2076/77 | Percent Change |
| Net Interest Income(Rs.’Arba’) | 1.18 | 2.1 | -43.81 |
| Operating Profit (Rs.’Arba’) | 0.73 | 1.41 | -48.23 |
| Net Profit (Rs.’Arba’) | 0.51 | 1 | -49.00 |
| Distributable Profit (Rs.’Arba’) | 0.14 | – | – |
| Non Performing Loans, NPL(%) | 0.19 | 0.17 | 11.76 |
| Base rate(%) | 7.49 | 9.94 | -24.65 |
| Earnings Per Share, EPS(Rs.) | 11.50 | ||
| Networth Per Share ( Rs.) | 171.67 | ||
| Market Price Per Share (Rs.) Poush end, 2077] | 466.00 | ||
| P/E Ratio | 40.52 |
Note:
The above figures are based on the unaudited second-quarter report published by the respective company. 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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