Himalayan Bank profit upsurges by 36.08% in Q2; NPL increases  by 49% to 3.16%

Mon, Feb 8, 2016 10:59 AM on Latest, Financial Analysis, Featured, Stock Market,
Himalayan Bank Limited (HBL) has posted a net profit rise of 36.08 percent for the second quarter of the fiscal year 2072/73. Publishing the unaudited financial report for the second quarter today, the commercial stated that its net profit increased to Rs 80.22 crore in Q2, up from Rs 58.95 crore as compared in the corresponding quarter of the previous fiscal year 2071/72. Himalayan Bank has collected deposits equals Rs 81.13 arba . Likewise, it disbursed loans of Rs 58.99 arba in Q2. The figure of deposits and disbursed loan amount was Rs 67.02 arba and Rs 52.94 arba respectively in the corresponding quarter of the previous fiscal year. HBL’s net interest income has risen to Rs 1.55arba from Rs 1.25 arba in the Q2 of  FY 2072/73. It has posted an operating profit of Rs 1.26 arba rising from 91.69 crore. The NPL of the bank has risen by 49% to 3.16% as compared to 2.12% in the corresponding quarter of last fiscal year. The NPL stood at 3.35% in the Q1 of the current fiscal year. Himalayan Bank has paid up capital of Rs 4.49 arba with reserve of Rs 3.33 arb in Q2. Its EPS  currently stands at Rs 35.66, net worth per share at Rs 172.50, and P/E ratio at 26.36 times.