Kathmandu, Jan. 2:
Nepal SBI Bank Limited
(NSBL) has decided to distribute 15.42 per cent bonus shares from the net
profit of the last fiscal year 2016/17 and the profit earned in the previous
years.
The decision has to be
approved by the Annual General Meeting of the bank on Wednesday.
The bank has earned Rs.
1.52 billion net profit in the last fiscal, up by 14.36 per cent as compared to
the FY 2015/16.
The bank’s net interest
income grew from Rs. 2.41 billion to Rs. 2.91 billion during the year
registering a growth of 20.72 per cent while the operating profit increased by
13.6 per cent to Rs. 2.34 billion, said the bank in a press statement issued
here on Monday.
Statistics published by
the bank the other day showed that it has maintained the Credit-Deposit (CD)
Ratio at 75 per cent by the end of the year as per the Nepal Rastra Bank
directives.
Similarly, the bank’s
Capital Adequacy Ratio (CAR) has reached 15.71 per cent against the regulatory
requirement of 11 per cent.
“We have opened new
69,905 new savings bank accounts in the last fiscal year, and extended advance
of Rs. 2.52 billion under Small and Medium Enterprises business portfolio,”
said Ramesh Ghimire, Chief Information Officer of the bank.
The bank mobilised a total
deposit of Rs. 81.66 billion and extended loans and advance of Rs. 63.75 billon
by the end of the last FY.
No comments:
Post a Comment