Sanima Bank Increases Net Profit by 14.5%

Nov 03, 2019 11:15 AM Merolagani

Sanima Bank (SANIMA) has earned a net profit of Rs 593.6 million in the first quarter of the current FY. The profit increased by 14.40 percent compared to the corresponding period of the last FY. In the review period of the last FY, the bank earned a net profit of Rs 518.8 million.

As per the financial report published under NFRS format, the bank has distributable profit of Rs 275.4 million. Similarly, the bank raised its operating profit to Rs 834.3 million from earlier Rs 744.3 million. Likewise, the bank increased its net interest income to Rs 1.14 billion from Rs 978.4 million of the last FY.

In the review period, the bank collected deposit of Rs 95.92 billion and extended loan of Rs 83.52 billion.

The bank with Rs 8.80 billion in paid-up capital has reserve fund of Rs 2.54 billion and shareholders fund of Rs 342.4 million.

During the period, the bank maintained non-performing loan of 0.24 percent, net worth per share of Rs 132.85, P/E ratio of 11.52 times. The bank has capital fund ratio of 12.61 percent, CCD ratio of 78.84 percent, base interest rate of 9.21 percent, cost of fund of 7.22 percent and spread rate of 4.44 percent.

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