Himalayan Bank Limited (HBL) has registered a profit rise of 16.35 percent in the third quarter of the current fiscal year 2073/74.
According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 1.53 arba in third quarter up from Rs 1.31 arba in the corresponding quarter of the last fiscal year 2072/73. The operating profit has increased to Rs 2.39 arba from Rs 2.05 arba as compared to the corresponding quarter of last fiscal year.
Himalayan Bank’s net interest income has risen to Rs 2.77 arba in the third quarter as compared to Rs 2.44 arba in the corresponding quarter. Its paid up capital and reserves remains at Rs 6.61 arba and 4.51 arba respectively.
The bank also amassed huge amount of deposits in the Q3 of the ongoing fiscal year. Deposits collection has reached Rs 92.89 arba in Q3 this year from Rs 80.87 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 78.08 arba in Q3 whereas in the same period last year the figure stood at Rs 65.28 arba. Its CD ratio as of the end of Q3 stands at 79.90% without accounting for NRB’s recent relaxation to productive sector.
Its non-performing loan has declined to 0.90 percent in Q3 from 2.95 percent in the previous year report.
Annualized Earning per share (EPS) of HBL now stands at Rs 30.94, net worth per share at 168.18 and P/E ratio at 33.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
6,614,718 |
4,499,145 |
47.02% |
| Reserve and Surplus |
4,510,030 |
3,779,076 |
19.34% |
| Deposits |
92,890,828 |
80,877,838 |
14.85% |
| Loans and Advances |
78,083,492 |
65,288,179 |
19.60% |
| Net Interest Income |
2,769,593 |
2,443,438 |
13.35% |
| Provision |
25,794 |
72,387 |
-64.37% |
| Write Back |
- |
- |
- |
| Operating Profit |
2,397,244 |
2,055,544 |
16.62% |
| Net Profit |
1,535,151 |
1,319,323 |
16.36% |
| Capital Adequacy Ratio |
11.74% |
10.95% |
- |
| NPL |
0.90% |
2.98% |
-69.80% |
| Cost of Fund |
3.25% |
2.26% |
|
| CD Ratio (as per NRB) |
79.90% |
78.81% |
- |
| EPS (Annualized) |
30.94 |
39.10 |
-20.86% |
| PE Ratio |
33 |
|
|
| Networth Per Share |
168.18 |
|
|
