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Shine Resunga Development Bank’s Profit Rises 82.96%

. Shine Resunga Development Bank has published its financial statements for the financial year 2082/83. According to the financial report released by the bank, the profit of the bank increased by 82.96 percent.

In the previous fiscal year 2081/82, the bank had earned a net profit of Rs 645.6 million and earned a net profit of Rs 1.18 billion till mid-July of the last FY.TAG_OPEN_div_34

The bank’s distributable profit stood at Rs 84.TAG_OPEN_div_32 64 crore as of mid-July 2018. Accordingly, the bank has the capacity to distribute 16.86 percent dividend.

In the last FY, the bank’s net interest income increased to Rs 2.82 billion from Rs 2.64 billion.TAG_OPEN_div_30 The bank’s loan impairment charge has decreased from Rs 950.4 million to Rs 20.79 crore.

Similarly, the bank’s operating profit increased to Rs 1.73 billion from Rs TAG_OPEN_div_28 91.11 crore in mid-July. Due to which the net profit of the bank has increased.

With the increase in the bank’TAG_OPEN_div_26 s profit, the dividend capacity has also increased. The total distributable profit of the bank stood at Rs 84.64 crore as of mid-July 2018. Based on the bank’s paid-up capital, the bank has a distributable profit of Rs 16.86 per share.

In the last fiscal year, the bank’s paid-up capital reached Rs 5.02 billion and the total fund including consolidated profit and other reserve fund reached Rs 2.98 billion.TAG_OPEN_div_24

During the period, the bank collected deposit of Rs 77.85 billion and extended loan of Rs 63.26 billion.TAG_OPEN_div_22 In the previous fiscal year, the bank collected deposit of Rs 71.76 billion and extended loan of Rs 56.90 billion.

The bank’TAG_OPEN_div_20 s bad loan ratio (NPL) has increased to 4.93 percent in the review year. The NPL of the bank was 4.27 percent in the same period last year.

The bank’s annual earnings per share (EPS) increased to Rs 23.52.TAG_OPEN_div_18 The EPS was Rs 13.24 a year ago. The bank’s net worth per share is Rs 159.48 with a P/E ratio of 17.64 times.

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