Kathmandu. Siddhartha Bank Limited has made public its financial statements for the first quarter of the current fiscal year. The profit of the bank increased by 89.5 percent during the review period compared to the same period last year. The bank has earned a profit of Rs 948.7 million during the period. The bank's operating profit also increased by 87.27 percent to Rs 1.35 billion. The bank's operating profit was Rs. 724.20 million in the corresponding period last year.

The bank's net interest income rose 30.25 percent in the first quarter. Net interest income increased to Rs 1.75 billion during the review period from Rs 1.34 billion last year. The distributable profit of the bank is Rs. 298.7 million. During the review period, the bank collected Rs. 183 billion in deposits and mobilized Rs. 173 billion in loans. During the same period last year, the bank had collected Rs 180 billion in deposits and mobilized Rs 158 billion in loans.

The size of the bank's reserves has declined by 0.08 percent to Rs 8.2 billion. Last year, the reserve was Rs 8.3 billion. The NPL ratio of the bank, which has a paid-up capital of Rs 10.96 billion, declined by 1.32 percent to 0.54 percent. The bank has a CD ratio of 87.75 percent and a base rate of 7.57 percent. The bank's earnings per share (EPS) has risen to Rs 33.61. The bank has a PE ratio of 13.66 times and a net worth of Rs 188.13 per share.