Himalayan Banks' Core Business Revenue Increases By 35.35%; Reports Net Profit of Rs 2.48 Arba and Rs 2.66 Arba as Distributable Profit
Wed, Aug 3, 2022 11:08 AM on Latest, Financial Analysis, Stock Market,
Himalayan Bank Limited (HBL) has published its fourth-quarter report for the FY 2078/2079 with a decline in Net Profit by 17.22%. The bank's net profit has decreased from Rs. 2.99 Arba in the fourth quarter of FY 2077/2078 to Rs. 2.48 Arba in the fourth quarter of FY 2078/2079.
The bank has Rs. 2.66 Arba as a distributable profit after P/L appropriation and regulatory requirements in the fourth quarter.
The bank’s deposit from customers increased by 19.43% to Rs. 1.68 Kharba whereas loans and advances to customers increased by 17.41% to Rs. 1.47 Kharba till the fourth quarter. The Net Interest Income (core business income) of the bank has inclined by 35.25% to Rs. Rs. 5.12 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 12.96 Arba with Rs. 9.14 Arba in Reserve and surplus. The Non-performing loan (NPL) remains at 0.77% and the EPS stands at Rs. 19.14.
Recently the bank had signed MoU to acquire Civil Bank Limited in the tentative swap ratio of 91 per share.
NOTE: HBL is in the process of acquiring Civil Bank
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