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Financial Milestone: Sanima Bank Posts Rs 2.35B Profit with Strong 42% Growth

Sanima Bank reports a 42.22% surge in net profit to Rs 2.35B, driving its Earnings Per Share (EPS) up by Rs 6.74 to reach Rs 23.07.

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Financial Milestone: Sanima Bank Posts Rs 2.35B Profit with Strong 42% Growth

Sanima Bank Limited (SANIMA) has released its un-audited financial report for the third quarter of the current fiscal year, showcasing substantial growth in both profitability and shareholder returns. The bank’s net profit reached Rs 2.35 billion, a sharp 42.22% increase compared to the Rs 1.65 billion recorded in the same period last year. This growth is primarily attributed to a 20.48% rise in net interest income and a strategic reduction in impairment charges, which dropped to Rs 1.36 billion. The bank’s operational efficiency is further reflected in its 47.50% jump in operating profit. This strong performance has directly boosted shareholder value, with Earnings Per Share (EPS) climbing to Rs 23.07, up by Rs 6.74 from the previous year. Additionally, the bank maintains a solid financial position with a net worth per share of Rs 179.55 and a distributable profit of Rs 2.14 billion. As of the end of Chaitra, Sanima Bank has successfully mobilized Rs 233.86 billion in deposits and extended Rs 190.77 billion in loans.

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