. Sanima Bank Limited’s distributable profit has increased significantly. According to the Bank’s fourth quarter financial report, the distributable profit of the bank has increased to Rs 2.83 billion.
The bank had posted a distributable profit of Rs 2.
10 billion in the same period of the previous FY. During the review period, the bank’s distributable profit increased by 34.66 percent.
The net profit of the bank has also improved significantly.
The bank has earned a net profit of Rs 3.55 billion in the fourth quarter of the previous FY, which was Rs 2.57 billion. This is an increase of 38 percent compared to the previous year.
The bad loan management of the bank has also improved. The impairment charge has decreased in the last year. The impairment charge has come down to Rs 1.07 billion from Rs 1.88 billion in the previous year.
Similarly, the operating profit of the bank has also increased.
The operating profit of the bank increased by 44.44 percent compared to the previous year. Presently, Sanima Bank has paid-up capital of Rs 15.58 billion and reserve fund of Rs 9.12 billion.
The bank has collected deposits of more than Rs 249.11 billion in the fourth quarter. During the period, the bank extended loans worth Rs 195.88 billion.
The non-performing loan (NPL) of the bank has also decreased.
The non-performing loan has come down to 2.87 percent last year from 3.01 percent in the previous year. During the review period, the bank earned EPS per share of Rs 25.75 and net worth per share stood at Rs 188.42.
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