Nepal SBI Bank posts a 21% rise in net profit; EPS at Rs 39

Nepal SBI Bank Limtied (SBI) has reported a 21.6% growth in its net profit in the second quarter of the ongoing fiscal year 2073/74.

As per the unaudited quarterly statement of the commercial bank, its net profit till the end of Q2 stands at Rs 75.87 crore, up from Rs 62.39 crore in the same quarter last year.

Its deposit base now stands at Rs 77.50 arba, up 32.8% from Rs 58.36 arba in the second quarter last year. It has disbursed loans of Rs 59.77 arba, up from Rs 41.81 arba last year. Its CD ratio is at a tight 79.32%.

SBI’s non-performing loan has slightly reduced from 0.17% to 0.12%. Its paid up capital stands at Rs 3.88 arba. After the issuance of its recently issued FPO, its paid up capital will reach Rs 3.89 arba.

The bank has already proposed 28% bonus shares and 1.53% cash dividend (for tax purpose) to its shareholders from the net profit it earned in the FY 2072/73. In addition, the bank has also proposed 40% right shares. After the issuance of the above bonus and right shares, its paid up capital will reach Rs 6.97 crore. As per NRB’s directive for all commercial banks to hike their paid up capital to Rs 8 arba by the end of FY 2073/74, SBI will need to issue a further capital hike of 14.77%.

Its EPS now stands at Rs 39.07, net worth per share at Rs 199, and P/E ratio at 36.29 times.

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