Nepal Investment Bank Q3 profit rises 9.35% to Rs 1.52 arba

ShareSansar, May 6:

Nepal Investment Bank Limited (NIBL) has posted 9.35 percent growth in net profit for the third quarter of the current fiscal year 2071/72.

Publishing the unaudited financial report for the third quarter today, one of the leading commercial banks has stated that the bank’s net profit rose to Rs 1.52 arba, up from Rs 1.39 arba in the corresponding quarter of the last fiscal year 2070/71.

The bank has mobilized deposits of Rs 81.16 arba in the 3rd quarter compared to Rs 71.32 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 66.14 arba, up from Rs 53.56 arba.

NIBL’s Net Interest Income has slightly risen from Rs 2.16 arba in the corresponding quarter last year to 2.20 arba in the third quarter of 2070/71.

It posted an operating profit of Rs 1.83 arba.

NIBL’s non-performing loan has gone down from 1.63 percent in the third quarter of the last fiscal to 1.28 percent by the end of the third quarter of the current fiscal.

Its EPS (annualized) now stands at Rs 42.70, net worth per share at Rs 198.19, PE ratio at 16.58 and CD ratio at 77.42 percent.