Sanima Bank Reports 131.13% Surge in Q1 Profit to Rs. 1.05 Arba
Summary
Sanima Bank Limited reported a net profit of Rs. 1.05 arba in the first quarter of FY 2083/84, up 131.13% from the same period last year. The surge was driven by stronger operating profit and lower impairment charges, while deposits and loans also edged higher.
Key Points
- Sanima Bank posted a net profit of Rs. 1.05 arba in Q1 FY 2083/84, a 131.13% year-on-year increase.
- Operating profit jumped 165.44% to Rs. 1.75 arba, while impairment charges fell 65.41%.
- Deposits rose 2.08% to Rs. 2.54 kharba and loans and advances increased 1.78% to Rs. 1.99 kharba.
- The bank’s NPL ratio improved to 1.08% and EPS climbed to Rs. 26.11.
