Nepal SBI Bank Limited, a subsidiary of State Bank of India, posted a profit of Rs. 46.45 crores in the year 2010/11. The company maintained a sustained growth of over 18% where other older banks faced problems during the period.
The company's Net Interest income grew to Rs. 100.8 crores posting a growth of 23.39% compared to a growth of 28.52% previous year. Similary the growth came in the company's deposits which grew by 21.58%.
Similary, the EPS of the company also grew 18% to Rs. 24.85 per share. The price earning ratio 22.73 times is above the competitors and shows the investors confidence in the banks growth. The stock closed at Rs. 580 on Aug 18, 2011.
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