Himalayan Bank reports a net profit drop of 13.34 % in Q1
Mon, Nov 11, 2013 12:00 AM on Others,
ShareSansar, November 11:
Himalayan Bank Limited’s net profit has dropped by 13.34 percent in the first quarter of the current fiscal year 2070/71.
The unaudited report for the first quarter the commercial bank published today shows that it earned a net profit of Rs 17.34 crore in the first quarter, down from Rs 20.01 crore in the corresponding quarter of the last fiscal year.
Its operational profit has also slightly dipped from Rs 30.71 crore to Rs 27.16 crore.
Himalayan Bank, however, mobilized Rs 59.36 arba in deposit, and only Rs 41.72 arba in loan. It had mobilized 48.15 arba in deposit and Rs 37.21 arba in loan in the corresponding quarter last year.
The bank has posted a net interest income of Rs 50.62 crore, up from Rs 50.18 crore in the corresponding quarter.
Its non performing loan has also marginally decreased from 2.76 percent to 2.65 percent.
Nabil’s net worth per share stands at Rs 210.58 and its EPS (annualized) at Rs 25.15.
