Shangrila Development Bank Sees 213% Surge in Distributable Profit in Q4 Financial Report

Shangrila Development Bank Limited (SADBL) has published its unaudited financial report for the fourth quarter of the last fiscal year, showing a significant 213.81% increase in distributable profit compared to the same period the previous year. The bank earned NPR 413.8 million in distributable profit by the end of the fiscal year, up from NPR 131.8 million a year earlier.

Despite the sharp rise in distributable profit, the net profit grew modestly by 6.51% to NPR 537 million. During the review period, net interest income declined by 1.36%, while fee and commission income increased by 9.15%. Operating income rose by 3.39% and operating profit increased by 10.06%.

Distributable earnings per share (DP EPS) rose significantly to NPR 11.64, while basic earnings per share (EPS) stood at NPR 15.10. The bank’s price-to-earnings (P/E) ratio reached 30.65 times, and net worth per share amounted to NPR 156.71 as of the end of Ashad.

The bank has a paid-up capital of NPR 3.55 billion and a reserve fund of NPR 2.01 billion. It has collected NPR 54.66 billion in deposits and disbursed NPR 43.02 billion in loans by the end of the fiscal year.