Kathmandu. Siddhartha Bank Limited has published its unaudited financial statements for the third quarter of the current FY. According to the bank’s report, both net profit and earnings per share have increased.
In the first 9 months of the current FY, the bank earned a net profit of Rs 2.01 billion. The profit increased by 20.78 percent compared to the corresponding period of the last FY. The bank had posted a net profit of Rs 1,000 crore in the same period last year.
In the review period, the bank earned a net profit of Rs 6.52 billion. The bank had posted a net profit of Rs 6.33 billion in the same quarter last year. The net interest income of the bank increased by 3.04 percent compared to the same period of the last FY.
The bank’s total operating income increased by 8.25 percent and operating profit increased by 23.45 percent in the review period. During the period, the bank earned a distributable profit of Rs 2.99 billion.
The bank with paid-up capital of Rs 18.29 billion has reserve fund of Rs 17.26 billion. The bank collected deposit of Rs 303 billion and extended loan of Rs 230 billion till mid-April.
Along with the profit, the bank’s earnings per share also increased. During the review period, the bank’s income increased by Rs 2.49 to Rs 17.62. As of mid-April, the bank has a net worth per share of Rs 216.73 and P/E ratio of 22.00 rupees. It is 25 times.
