Shine Resunga Development Bank’s profit drops 13.19 percent, distributable profit 169.8 million

Shine Resunga Development Bank has published a net profit of Rs 261.1 million in the second quarter of the current fiscal year. The bank’s profit is 13.19% lower than last year. The distributable profit of the bank is Rs. 169.8 million.
As of mid-January, the bank has collected Rs 32.72 billion in deposits and invested Rs 27.18 billion in loans. Similarly, net interest income and operating profit decreased by 16.80% and 12.97% respectively. As a result, the bank’s net profit has been affected. The bank has a paid up capital of Rs 3.40 billion and a reserve fund of Rs 937.2 million.The bank’s earnings per share is Rs 15.32 (annualized) and net worth is Rs 132.68 per share.

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