Himalayan Bank amongst 10 banks to earn Rs 1-arba mark; net profit Rs 1.09 arba
Tue, Aug 18, 2015 12:00 AM on Others,
ShareSansar, August 18:
Himalayan Bank Ltd. (HBL) has now joined the club of commercial banks having earned the net profit of above Rs one arba in 2071/72 fiscal year.
Publishing the fourth quarterly report of last fiscal year 2071/72 today, HBL stated that it achieved the net profit of Rs 1.09 arba in the last fiscal year, up from Rs 95.91 crore in the corresponding period of the previous fiscal year. Except Himalayan, Nine other banks have also their profit above an arba. The nine banks whose profit stands above an arba are: Prabhu Bank Limited, Standard Chartered Bank, Rastriya Banijaya Bank, Agricultural Development Bank Ltd, Everest Bank Ltd, Global IME Bank Ltd, Nabil Bank Ltd, Nepal SBI Bank Limited and Nepal Investment Bank Ltd. Rastriya Banijya Bank has topped the list of highest earners, drawing the net profit of Rs 4.50 arba.
The financial statement of the Himalayan Bank shows that its net interest income increased to Rs 2.67 arba last year from Rs 2.2.49 arba in the previous year and also it has made a very good earning from other sources like fees, commission and discount, foreign exchange gain and other operating income.
The bank provisioned massive Rs 1.41 arba for the possible loss whereas at the same time the bank is able to write back Rs 89.53 crore.
“Results of fourth quarter reveal that the profitability of the bank has gone up indicating a healthy growth as compared to the corresponding year,” reads the statement of the bank.
It mobilized Rs 73.52 arba in deposit and Rs 55.42 arba in loan last year, up from Rs 64.67 arba in deposit and Rs 46.44 in loan in the previous year.
HBL’s non-performing loan (NPL) also went up to 3.22 percent from 1.96 percent in the previous year.
Its EPS stands at Rs 32.87, P/E ratio 24.73 times and net worth per share is Rs 215.41.
Himalayan Bank Limited |
Rs. In "000" | ||
4th Qtr. FY 2071/72 |
4th Qtr. FY 2070/71 |
Growth (%) |
|
Paid-up Capital (Rs.) |
3,332,700.00 |
3,332,700.00 |
0.00% |
Reserve (Rs.) |
3,846,306.00 |
2,750,711.00 |
39.83% |
Deposits (Rs.) |
73,523,334.00 |
64,674,848.00 |
13.68% |
Loans and Adv. (Rs.) |
55,428,007.00 |
46,449,329.00 |
19.33% |
Net Interest Income (Rs.) |
2,670,280.00 |
2,494,178.00 |
7.06% |
Provision for Possible Losses (Rs.) |
1,413,568.00 |
1,080,863.00 |
|
Operating Profit (Rs.) |
665,491.00 |
982,579.00 |
-32.27% |
Write Back (Rs.) |
895,300.00 |
774,565.00 |
|
Net Profit (Rs.) |
1,095,595.00 |
959,107.00 |
14.23% |
Capital Adequacy Ratio (%) |
11.45% |
11.23% |
1.96% |
Non Performing Loan (%) |
3.22% |
1.96% |
|
Cost of Funds (as per NRB) (%) |
3.36% |
4.26% |
-21.13% |
Net Interest Spread (%) |
4.58% |
4.93% |
-7.10% |
Credit to Deposit Ratio (As per NRB) |
73.51% |
70.67% |
4.02% |
Earnings Per Share (annualized) |
32.87 |
||
P/E Ratio (Times) |
24.73 |
||
Net Worth per Share (Rs.) |
215.41 |
||
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