Kathmandu. Siddharth Bank has earned a net profit of more than three and a half billion. The fourth quarter financial statement of the last financial year 2079/80 released by the bank. During the review period, the net profit of the bank increased by 9.91 percent and reached 3 billion 191 million 111 thousand rupees. During the review period of the previous year, Bangkok earned a profit of 2.9 billion 24 lakh 64 thousand rupees.

During the review period, the bank's net interest income and operating profit have also increased, which has led to an increase in net profit. Details: Net interest income of the bank has reached 8 billion 17 crore 84 lakh 22 thousand rupees. Which is 23.97 percent more than the previous year.

During the period under review, the total operating income of the bank increased by 14.57 percent to Rs 10.72 billion and the operating profit increased by 9.83 percent to Rs 4.685792 thousand. The distributable profit of the bank is Rs 79 crore 57 lakh 65 thousand. The bank's earnings per share remained at 22 rupees 64 paisa and net worth per share was 180 rupees 73 paisa.

The paid up capital of the bank is 14 billion 899 million rupees. The bank has kept 11 billion 37 million 47 million rupees in reserves and funds. Similarly, the bank's bad loans also reached 2.01 percent. In the fourth quarter of the previous year, such loans with banks were only 1.07 percent.

During the review period, the bank's deposit collection increased by 16.76 percent and reached 2 trillion 23 billion 65 crore 46 lakh 69 thousand rupees. During that period, the bank's loan investment increased by only 3.06 percent and stood at 1 trillion 84 billion 456 million 77 thousand rupees.