Nepal SBI Bank’s Profit Declines By 10 Percent
May 11, 2020 | Investopaper
Nepal SBI Bank has reported a decline in net profit until the third quarter this year as compared to the third quarter of the last fiscal year. The net profit of the bank has decreased by 10.15 percent this year as compared to last year.
Nepal SBI Bank has made a net profit of over Rs. 1.44 Arba in the nine months period, down from the profit of Rs. 1.60 Arba of the corresponding period of the previous year.
The company’s operating profit fell almost 7 percent this year. The distributable profit of the bank until the end of the quarter stood at Rs. 10.43 crores.
The bank earned an operating profit of Rs. 2.05 Arba in nine months as compared to Rs. 2.20 Arba in the same period last year.
The decline in the profit of the bank is mainly due to the fall in net interest income by 6.55 percent. Nepal SBI Bank earned Rs. 3.14 Arba until the Chaitra end of this fiscal year. This is down from Rs. 3.36 Arba earned in the corresponding period of the previous year.
The current capital of the bank is Rs. 8.96 Arba which is 6 percent higher than the previous year. Likewise, the total reserve and surplus stand at Rs. 5.70 Arba.
As of the third quarter of this year, the bank has collected more than Rs. 107 Arba in deposits and Rs. 95.22 Arba loans have been disbursed. Compared to last year, Nepal SBI Bank has increased its deposit collection by 9 percent and credit flow by almost 13 percent this year.
The company has a non-performing loan (NPL) of 0.19 percent, earnings per share (EPS) of Rs 21.41 and a net worth of Rs 163.72 per share.
Nepal SBI Bank Third Quarter Report Summary, FY 2076/77
| Headings | 3rd Qtr, F.Y. 2076/77 | Ashad End, F.Y. 2075/76 | Percent Change |
| Paid up capital(Rs.’Arba’) | 8.96 | 8.45 | 6.04 |
| Reserve and Surplus(Rs.’Arba’) | 5.70 | 5.71 | -0.18 |
| Deposits From Customers (Rs.’Arba’) | 107 | 97.92 | 9.27 |
| Loans & Advances To Customers (Rs.’Arba’) | 95.22 | 84.39 | 12.83 |
| Headings | 3rd Qtr, F.Y. 2076/77 | 3rd Qtr, F.Y. 2075/76 | Percent Change |
| Net Interest Income(Rs.’Arba’) | 3.14 | 3.36 | -6.55 |
| Operating Profit (Rs.’Arba’) | 2.05 | 2.2 | -6.82 |
| Net Profit (Rs.’Arba’) | 1.44 | 1.6 | -10.00 |
| Distributable Profit (Rs.’Arba’) | 0.1 | – | – |
| Non Performing Loans, NPL(%) | 0.19 | 0.19 | 0.00 |
| Base rate(%) | 9.86 | 9.73 | 1.34 |
| Earnings Per Share, EPS(Rs.) | 21.41 | ||
| Networth Per Share ( Rs.) | 163.72 | ||
| Market Price Per Share (Rs.) Chaitra end, 2076] | 412 | ||
| P/E Ratio | 19.24 |
Note:
The above figures are based on the un-audited quarterly 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.
