Sanima Bank's Logs Net Profit of Rs 2.24 Bn

Jul 28, 2019 01:28 PM Merolagani

Sanima Bank (SANIMA) has increased its net profit by 32.54 percent to Rs 2.24 billion in the fourth quarter of the last FY compared to Rs 1.69 billion of the corresponding period of the previous FY.

 As per the financial report published under NFRS format, the bank has a distributable profit of Rs 1.62 billion after allocating funds in various provisions. Such profit was Rs 1.30 billion in the previous FY.

 The bank has paid-up capital of Rs 8 billion and reserve fund of Rs 2.25 billion.

In the review period, the bank increased its deposit collection by 14.81 percent to Rs 89.37 billion and loan extension by 20.19 percent to Rs 81.24 billion. Similarly, the bank increased its net interest income by 36.21 percent to Rs 4.10 billion from Rs 3.01 billion of the previous FY.

During the period, the bank logged non-performing loan of 0.08 percent, EPS of Rs 28.04, net worth per share of Rs 148 and P/E ratio of 12.41 times.

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