Net Profit  of Sunrise Bank Decreases By 18%

Aug 14, 2020 04:31 PM Merolagani

The net profit of Sunrise Bank (SRBL) has decreased by 18.75 percent in fourth quarter of the FY.  The bank earned a net profit of Rs 1.39 billion in the review period compared to Rs 1.70 billion of the corresponding period of the previous FY.

The bank has distributable profit of Rs 529.1 million. During the period, the bank earned net interest income of Rs 3.87 billion which was Rs 3.58 billion in the previous FY. During the period, the bank earned Rs 859.7 million in fee and commission.

In the review period, the employee expenses of the bank increased to Rs 1.36 billion and operating expenses to Rs 686.1 million. The bank has impairment charge of Rs 868.2 million.

During the period, the bank collected deposit of Rs 90.22 billion and extended loan of Rs 81.04 billion.

The bank with paid-up capital of Rs 8.96 billion has reserve fund of Rs 3.46 billion. The bank logged EPS of Rs 15.53, net worth per share of Rs 150..86 and P/E ratio of 15.07 times.

The bank has non-performing of 1.86 percent,  base rate of 8.95 percent, spread rate of 4.37 percent, and CCD ratio of 71.30 percent.

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Nepal Broker Association Registers ‘Cap Tech Nepal’

Sep 28, 2020 02:19 PM

Nepal Stock Broker Association has registered a tech company named ‘Cap Tech Nepal’ on Sunday, September 28.