Nepal SBI Bank Logs Rs 2.30 Bn in Net Profit

Jul 30, 2019 11:40 AM Merolagani

Nepal SBI Bank (SBI) has increased its net profit by 13.84 percent to Rs 2.30 billion in the fourth quarter of the last FY compared to Rs 2.02 percent of the corresponding period of the previous FY.

As per the financial report published under NFRS format, the bank earned a distributable profit of Rs 1.59 billion during the period.

In the review period, the bank collected deposit of Rs 97.88 billion and extended loan of Rs 84.30 billion. Similarly, it increased its net interest income by 14.52 percent to Rs 4.74 billion.

 The bank with Rs 8.44 billion in paid-up capital has reserve fund of Rs 3.8 billion. The bank maintained bad debt of 0.2 percent, EPS of Rs 27.26, net worth per share of Rs 167.69 and P/E ratio of 17.20 times.

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