Sanima Bank profit crosses Rs. 1 Arba in the second quarter

INVESTOPAPER

Sanima Bank Limited has delivered a decent performance growth in the second quarter of the fiscal year 2076/77. The bank has reported a 17 percent growth in its profit from the same quarter of the previous year. Sanima Bank has earned Rs. 1.15 Arba in the first six months. Last year, the six months net profit stood at Rs. 98 crores.

The rise in net profit is mainly due to the increment in net interest income of the bank. The bank earned a net interest income of Rs. 2.17 Arba which is almost 14% higher than the corresponding period of the previous year.

The capital has increased by 10 percent to Rs. 8.80 Arba while the total reserve and surplus have declined by 14 percent to Rs. 3.44 Arba.

Sanima Bank has expanded its deposit and loan portfolio by 11 percent and 9 percent respectively in the first 6 months. The total deposit from the customer stands at Rs. 99.30 Arba. Likewise, the bank has floated the loans of Rs. 88.71 Arba until the second quarter.

With the growth in profit, the EPS has grown to Rs. 26.15. Similarly, the per-share net worth is Rs. 139.06.

Until the second quarter, the bank has accumulated a distributable profit of Rs. 95 crores. This gives the bank a dividend-paying capacity of 21.50 percent (when annualized).

The second-quarter report of Sanima Bank is summarized in the table below:

Sanima Bank second-quarter financial highlights, F.Y. 2076/77

HEADINGS 2nd QTR, 2076/77 4th QTR, 2075/76 PERCENT CHANGE
PAID-UP CAPITAL (Rs. In Arba) 8.8 8 10.00
RESERVE & SURPLUS (Rs. In Arba) 3.44 3.99 -13.78
DEPOSITS from the customer (Rs. In Arba) 99.3 89.37 11.11
LOANS  (Rs. In Arba) 88.71 81.42 8.95
HEADINGS 2nd QTR, 2076/77 2nd QTR, 2076/77 PERCENT CHANGE
NET INTEREST INCOME (Rs. In Arba) 2.17 1.91 13.61
PROFIT (Rs. In Arba) 1.15 0.98 17.35
DISTRIBUTABLE PROFIT (Rs. In Arba) 0.95
NON PERFORMING LOANS, NPL (%) 0.41 0.24 70.83
BASE RATE(%) 9.29 9.75 -4.72
EARNINGS PER SHARE, EPS (Rs.) 26.15
NETWORTH PER SHARE (Rs.) 139.06
MARKET PRICE PER SHARE (Rs.) [Poush end, 2076] 343
P/E RATIO 13.12

Note: The above table is based on the unaudited report published by the bank. The numbers may vary after the final audit.

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