Siddhartha Bank Posts 162.75% Q1 Profit Jump to NPR 851.5 Million as Asset Quality Improves

2nd November 2026, Kathmandu

Siddhartha Bank Limited has published its unverified financial report for the first quarter of the fiscal year 2083/84 (ending Mid-October 2026), posting a significant surge in overall profitability and core income streams.

Siddhartha Bank Profit Jump

The bank recorded a net profit of NPR 851.5 million during the review quarter. This represents a 162.75 percent increase compared to NPR 324.0 million earned in the corresponding period of the previous fiscal year.

Net Profit and Operational Performance Growth

The strong upward momentum in bottom-line profit was primarily driven by healthy gains in net interest income, expanding total operating revenue, and a major boost in operational profits.

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• Net Profit: Reached NPR 851.5 million, soaring by 162.75 percent year-on-year from NPR 324.0 million in Q1 FY 2082/83.
• Net Interest Income: Expanded by 10.50 percent to NPR 2.39 billion, up from NPR 2.16 billion recorded in the prior year’s baseline quarter.
• Total Operating Income: Grew by 7.53 percent to NPR 3.32 billion, compared to NPR 3.10 billion in the corresponding period last year.
• Operating Profit: Experienced a massive surge of 147.09 percent to NPR 1.25 billion, up from NPR 506.0 million in the baseline period.

Deposit Mobilization, Lending Expansion, and Reserve Dynamics

The commercial lender maintained a large deposit mobilization base alongside expanding equity reserves and capital backing.

• Total Deposit Mobilization: Accumulated to NPR 334.82 billion by the end of the first quarter.
• Total Credit Disbursements: Recorded at NPR 7.89 billion.
• Paid-up Capital: Expanded to NPR 19.77 billion, up from NPR 18.29 billion.
• Reserve Fund: Maintained at NPR 15.81 billion.
• General Reserve: Stood at NPR 1.90 billion.
• Distributable Profit: Reached NPR 3.57 billion, growing substantially from NPR 1.62 billion reported in the base period.

Financial Indicators and Asset Quality Enhancement

Sustained operational momentum contributed to improved asset quality metrics and significantly higher per-share earning figures.

• Earnings Per Share (EPS): Climbed to NPR 18.76, up from NPR 7.82 recorded in Q1 of the previous fiscal year.
• Net Worth Per Share: Stood at NPR 199.61.
• Non-Performing Loan (NPL) Ratio: Improved to 3.70 percent, declining from 3.80 percent in the baseline period.

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