Net profit reaches Rs. 3.39 arba; improvement in interest and operating income drives growth.
Siddhartha Bank Limited has published its unaudited financial report for the fourth quarter of the last fiscal year. According to the report, the bank’s net profit rose by 10.24% to Rs. 3 arba 39 crore, compared to Rs. 3 arba 8 crore recorded in the same period last year.
The increase in profit was driven by higher interest income and an improvement in operating income. By the end of the fourth quarter, Siddhartha Bank’s net interest income had grown by 6.43% to Rs. 8 arba 44 crore, while operating income increased by 11.82% to Rs. 11 arba 16 crore. The bank reported an impairment charge of Rs. 1 arba 31 crore during the review period.
The bank’s non-performing loan (NPL) ratio rose by 0.45 percentage points to 2.62%. During the review period, Siddhartha Bank collected deposits totaling Rs. 2 kharba 80 arba and issued loans amounting to Rs. 2 kharba 14 arba.
The bank’s paid-up capital stood at Rs. 14 arba 9 crore, with distributable profit of Rs. 1 arba 86 crore and a reserve fund of Rs. 16 arba 90 crore. Earnings per share (EPS) increased to Rs. 24.10, while net worth per share was recorded at Rs. 219.97.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
