Himalayan Bank’s earning mounts to Rs 1.61 arba in Q3; NPL increases to 1.19%

Himalayan Bank Limited (HBL) has registered a profit rise of 4.99 percent in the third quarter of the current fiscal year 2074/75.

According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 1.61 arba in third quarter up from Rs 1.53 arba in the corresponding quarter of the last fiscal year 2073/74. The operating profit has decreased to Rs 2.12 arba from Rs 2.39 arba as compared to the corresponding quarter of last fiscal year.

Himalayan Bank’s net interest income has risen to Rs 2.91 arba in the third quarter as compared to Rs 2.76 arba in the corresponding quarter. Its paid up capital and reserves remains at Rs 8.11 arba and 5.20 arba respectively.

The bank also amassed huge amount of deposits in the Q3 of the ongoing fiscal year. Deposits collection has reached Rs 96.32 arba in Q3 this year from Rs 92.89 arba in the corresponding period last year.

Likewise, it has extended loans and advances of Rs 85.45 arba in Q3 whereas in the same period last year the figure stood at Rs 78.08 arba. Its CD ratio as of the end of Q3 stands at 78.74% without accounting for NRB’s recent relaxation to productive sector.

Its non-performing loan has inclined to 1.19 percent in Q3 from 0.9 percent in the previous year report.

Annualized Earning per share (EPS) of HBL now stands at Rs 26.48, net worth per share at 164.11 and P/E ratio at 23.03.

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