Himalayan Bank earns Rs 58.95 crore in Q2; NPA stands at 2.12%

ShareSansar, February 6: Himalayan Bank Limited (HBL) has posted a meager profit growth of 8.26 percent in the second quarter of the current fiscal year 2071/72. According to an unaudited financial statement published today, the bank disclosed that it achieved a net profit of Rs 58.95 crore in the second quarter of the current fiscal year compared to the net profit of Rs 54.55 in the corresponding period of last fiscal year 2070/71. The bank’s net interest income reached Rs 1.25 araba in the second quarter this year, which is a growth of 6.74 percent compared to the income of the same period last year. While the bank was required to provision Rs 12.13 crore in the second quarter this year for the possible losses, but it could not manage to write back any amount that it had provisioned in the previous years for possible losses. Himalayan Bank observed a satisfactory growth in terms of deposit collection and loan supply during the review period. While the bank mobilized Rs 67.02 arba on deposit in the second quarter this year, it extended a total of Rs 52.94 arba on loans. It had mobilized a total of Rs 59.76 arba on deposit and Rs 43.95 arba on loans in the corresponding period of the last fiscal year 2070/71. The annualized earning per share (EPS) and the net worth per share of the bank stand at Rs 35.38 and Rs 200.23 respectively. Its NPA stands at 2.12 percent.