Net Profit of Shangrila Development Bank Rises by 45.29%

Aug 05, 2022 10:27 AM Merolagani



Shangrila Development Bank (SADBL) has published its fourth quarter report of the last FY. As per the report, the net profit as well as EPS of the bank has increased during the period.

The bank earned net profit of Rs 595.8 million which is 45.29 percent growth compared to Rs 410 million of the corresponding period of the last FY.

Increase in net interest income and operating profit can be attributed to the increase in net profit. The bank logged distributable profit of Rs 348.6 million in the review period.

During the period, the net interest income increased by 44.88 percent and net fee and commission income by 14.50 percent. Similarly, its total operating income increased by 16.29 percent and operating profit by 46.69 percent.

The bank’s paid-up capital increased by 10 percent and reserve fund by 28.17 percent during the period. In the review period, the bank increased deposit collection by 16.69 percent and loans by 23.60 percent.

The bank has logged EPS of Rs 19.79, P/E ratio of 19.05 times and net worth per share of Rs 141.52.

 




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