Sahara BIkas Bank Earns Profit

Nov 18, 2019 10:22 AM Merolagani

Sahara BIkas Bank (SHBL) has been able to increase profit through controlling expenses. In the first quarter of the current FY, the company earned Rs 2.4 million in net profit which was in net loss of Rs 148,000 of the corresponding period of the last FY.

The bank with Rs 163.3 million in paid-up capital has reserve fund of Rs 72.9 million.

The bank collected deposit of Rs 845.8 million, and extended loan of Rs 652.2 million during the period. Through the mobilization of the fund, the bank earned Rs 9.9 million in net interest income and Rs 2.4 million in operating profit.

In the review period, the non-performing loan of the bank decreased to 0.62 percent from earlier 2.20 percent and has provisioned Rs 1.5 million in possible loss.

The bank has EPS of Rs 17.64, net worth per share of Rs 144.65 and P/E ratio of 38.16 times.

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Flood causes heavy damage to Middle Bhotekoshi hydel project

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