Siddhartha Bank Reports 4.54% Growth in Annual Profit, Deposits Cross Rs. 3.27 Kharba
Summary
Siddhartha Bank Limited reported a net profit of Rs. 3.39 arba in fiscal year 2082/83, up 4.54% year-on-year, as net interest income and deposits both rose sharply. Loans and advances, reserves and operating profit also increased, while the bank’s NPL ratio edged up to 3.53%.
Key Points
- Siddhartha Bank Limited posted a net profit of Rs. 3.39 arba in fiscal year 2082/83, marking 4.54% annual growth.
- Net interest income rose 7.24% to Rs. 9.05 arba, while deposits increased 16.66% to Rs. 3.27 kharba and loans and advances grew 9.05%.
- Operating profit improved 3.78% to Rs. 5.16 arba even as impairment charges surged 28.44%.
- The bank’s capital adequacy ratio improved to 13.19%, but its non-performing loan ratio rose to 3.53%.
