Himalayan Bank Limited brings in Rs 2 arba as distributable profit! Bank has the capacity to distribute 23% dividend

Thu, Aug 15, 2019 2:06 PM on Stock Market, Financial Analysis, Featured,

Himalayan Bank Limited (HBL) has published its fourth quarter report for the FY 2075/76 with 51.79% growth in net profit.

The bank’s profit has increased from Rs 1.87 arba in the fourth quarter of the fiscal year 2074/75 to Rs 2.84 arba in the fourth quarter of the fiscal year 2075/76. In the same quarter, the bank has Rs 2.02 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. The bank can distribute dividends worth 23% to its shareholders from this profit.

The bank’s deposit rises by 10.5% to Rs 1.09 kharba whereas loans and advances have also increased by 12.55% to Rs 92.82 arba in the fourth quarter. The net interest income (core business income) of the bank has also increased to Rs 5.04 arba from Rs 4.32 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 8.52 arba with Rs 5.32 arba as its reserve. The Non-Performing Loan (NPL) has slightly decreased to 1.12%.

In the fourth quarter, the annualized EPS of the bank stands at Rs 33.41. The net worth per share stands at Rs 188.76 and PE ratio stands at 16.31 times.