Sanima Bank Reports Over 30% Growth in Profit and Dividend Capacity for FY 2082/83
Summary
Sanima Bank reported a profit growth of over 30% for fiscal year 2082/83, earning a net profit of NPR 3.55 billion and improved dividend capacity. Total deposits and loans also increased, while non-performing loans decreased.
Key Points
- Sanima Bank reported a net profit of 3.55 billion rupees for FY 2082/83, a 38% increase from the previous year.
- Net interest income increased from 6.36 billion to 6.99 billion rupees, and net fees and commissions rose to 1.32 billion.
- The bank's distributable profit rose to 2.83 billion rupees after regulatory adjustments, up from 2.10 billion last year.
- Total deposits increased to 249 billion rupees, loans rose to 195 billion rupees, and non-performing loans decreased to 2.87%.
- Earnings per share reached 25.15 rupees, with the base rate falling from 8.12% to 6.12%.
