Publicizing its unaudited report for the first quarter today, the commercial bank has stated that its net profit has surged to Rs 22.27 crore in the first quarter, up from Rs 16.21 crore in the corresponding quarter of the last fiscal year.
Its net interest income has also risen to Rs 39.86 crore from Rs 36.70 crore in the corresponding quarter.
It may be noted here that Nepal SBI’s net interest income had dropped to Rs 16.23 crore in the fourth quarter of the last fiscal year 2069/70.
The commercial bank had mobilized Rs 56.37 arba in deposit and Rs 30.05 arba in loan in the first quarter compared to Rs 51.69 arba in deposit and Rs 27.97 arba in loan in the corresponding quarter.
Its non performing loan has also dipped from 0.49 percent in the corresponding quarter of last year to 0.35 percent in the first quarter this fiscal year.
Nepal SBI’s EPS stands at Rs 33.63 and the per share net worth at Rs 151.75.
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-sharesansar
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