Kathmandu. Siddhartha Bank has earned a profit of Rs 3.39 billion in the last fiscal year. This profit is 10.25 percent higher than the same period of the previous fiscal year. In the same period of the previous fiscal year, the bank had earned a profit of Rs 3.08 billion.

Net interest income of the bank increased by 6.43 percent to Rs 8.43 billion. Service fees and other income increased by 15.09 percent to Rs 1.64 billion.

The operating income of the bank increased by 11.82 percent to Rs 11.15 billion. Similarly, operating profit stood at Rs 5.02 billion. The bank has provisioned an additional loan loss of Rs 1.31 billion in the last fiscal year.

The bank’s distributable profit increased by 220 percent to Rs 1.86 billion compared to the same period of the previous fiscal year. The bank’s ability to pay dividend is 13.22 percent.

The bank collected deposits of Rs 280.32 billion and invested Rs 214.54 billion in loans. The bank has a paid-up capital of Rs 14.08 billion and a reserve fund of Rs 15.04 billion.

The bank’s earnings per share is Rs 24.10 and the net worth per share is Rs 219.97.  The bank’s bad loans stood at 2.62 per cent. It was 2.17 percent in the same period of the previous fiscal year.