Sindhu Bikas  Bank Doubles Net Profit

May 08, 2019 Merolagani

Sindhu Bikas Bank (SINDU) has doubled its net profit to Rs 36 million in the review period of the last FY compared to Rs 18.1 million of the corresponding period of the last FY.

The bank with Rs 500 million in paid-up capital has reserve fund of Rs 77.1 million.

During the period, the bank collected deposit of Rs 2.01 billion and extended loan of Rs 1.82 billion. In the period, the bank increased its net interest income by 26 percent to Rs 93.3 million compared to Rs 74 million. The bank has operating profit of Rs 48 million.  

The bank has EPS of Rs 9.61, net worth per share of Rs 119.42 and P/E ratio OF 16.52 times.  

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM

Chirkhwa Hydropower Incurs Loss

Apr 25, 2024 09:26 AM