Siddhartha Bank Logs Huge Rise in Net Profit

Jan 21, 2022 01:56 PM Merolagani



Siddhartha Bank (SBL) has published its second quarter report of the current FY. As per the report, its net profit has logged attractive growth during the period.

The bank earned a net profit of Rs 1.57 billion in the review period which is 71.68 percent growth compared to 918.7 million of the corresponding period of the last FY.

During the period, the net interest income increased by 18 percent and operating profit by 20 percent.

The bank with Rs 12.52 billion in paid-up capital has reserve fund of Rs 8.07 billion. In the review period, the bank increased deposit collection by 4 percent and loans by 11 percent.

The bank has EPS of Rs 25.19 and net worth per share of Rs 171.26.




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