Skip to content

Shangri-La Development Bank’s Profit Rises 46.69 Percent 

. Shangri-La Development Bank has published its financial statements for the fourth quarter of the current fiscal year.

The bank has earned a net profit of Rs 88.TAG_OPEN_div_28 99 crore in the review period of the last FY. The profit of the bank increased by 46.69 percent compared to the corresponding period of the previous FY. The bank had posted a net profit of Rs 60.66 crore in the previous FY.

Similarly, the bank has earned a net interest income of Rs 2.07 billion in the previous fiscal year which increased by 16.83 percent to Rs 2.42 billion.TAG_OPEN_div_26

The bank’s provisioning÷impairment charge has come down significantly to Rs 9.13 crore from Rs 34.54 crore in the previous FY.TAG_OPEN_div_24

As of mid-July 2018, the bank’s distributable profit has reached Rs 49.TAG_OPEN_div_22 23 crore. Such a profit was Rs 36.83 crore in the previous fiscal year.

Based on the bank’s paid-up capital (Rs 3.73 billion), the bank has the capacity to distribute dividends up to 13.19 percent.TAG_OPEN_div_20 In the previous fiscal year, the bank’s distributable earnings per share was Rs 10.36.

The bank’s total paid-up capital stood at Rs 3.73 billion and its deposit collection increased from Rs 54.86 billion to Rs 56.92 billion.TAG_OPEN_div_18

Similarly, the total loan disbursement of the bank reached Rs 45.TAG_OPEN_div_16 87 billion during the period. In the review period, the non-performing loan of the bank increased from 5.52 percent to 6.87 percent, while the CD ratio of the bank stood at 83.37 percent.

Prabhu
sikhar insurance

प्रतिक्रिया दिनुहोस्

dish home
national life
http://sanimareliancelife.com/
MAK 4T
Arghakhachi
Gili