Siddhartha Bank Reports Stable Performance in First 6 Months [Q2 Report]

January 21, 2024 | Investopaper

Siddhartha Bank Limited (SBL) has reported a stable performance until the second quarter of the current fiscal year 2080/81. The bank has earned a profit of Rs. 1.13 Arba in the first 6 months which is a slight decline as compared to the corresponding quarter of the previous year. During the same period in the previous year, the bank had posted a net profit of Rs. 1.16 Arba.

The bank earned Rs 4.1 Arba as the net interest income, up from Rs 4.10 Arba of the same period last year. The operating profit of the bank stood at Rs 1.65 Arba.

As of Poush’s end 2080 BS, Siddhartha Bank has a paid-up capital of  Rs. 14.08 Arba. Likewise, the total reserve and surplus stood at Rs 11.66 Arba. The bank has collected the deposits of Rs. 221.07 Arba from the customers and floated the loans of Rs. 190.91 Arba to the customers.

The annualized per-share earnings (EPS) and per share net worth stand at Rs. 16.18 and Rs. 182.78 respectively.

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Dividend History Of Siddhartha Bank Limited (SBL)

Siddhartha Bank’s Performance In FY 2079/80

The second-quarterly report of Siddhartha Bank is summarized in the table below:

Siddhartha Bank (SBL): Financial Highlights, Q2 Report, FY 2080/81

Financial Indicators Q2, F.Y. 2080/81 Q4, F.Y. 2079/80 Percent Change
Paid up capital (Rs.’Arba’) 14.08 14.08 0.00
Reserve and Surplus (Rs.’Arba’) 11.66 11.21 4.01
Deposits From Customers (Rs.’Arba’) 221.07 223.65 -1.15
Loans & Advances To Customers (Rs.’Arba’) 190.91 184 3.76


Financial Indicators Q2, F.Y. 2080/81 Q2, F.Y. 2079/80 Percent Change
Net Interest Income (Rs.’Arba’) 4.1 4.01 2.24
Impairment Charges (Rs.’Arba’) 1.18 1.19 -0.84
Operating Profit (Rs.’Arba’) 1.65 1.65 0.00
Net Profit (Rs.’Arba’) 1.13 1.16 -2.59
Distributable Profit (Rs.’Arba’) -0.3
Non Performing Loans, NPL(%) 2.56 2.87 -10.80
Base rate(%) 9.28 10.91 -14.94
Earnings Per Share, EPS(Rs.) 16.18
Networth Per Share ( Rs.) 182.78
Market Price Per Share (Rs.) [Poush end, 2080 B.S.] 250
P/E Ratio 15.45

Source: Unaudited Q2 Report, FY 2080/81


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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