Modest profit growth of Himalayan Bank by 20.15%; NPL rises by 3.35%

Himalayan Bank Limited (HBL) has registered modest profit rise of 20.15 percent in the first quarter of the last fiscal year 2072/73. According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs. 32.27 crore in first quarter up from Rs. 26.86 crore in the corresponding quarter of the last fiscal year 2071/72. Himalayan Bank’s net interest income has risen to Rs. 69.72 crore in Q1 as compared to Rs. 59.03 crore in the corresponding quarter. It’s paid up capital remains at Rs. 3.33 arba. Deposits collection of the bank reached Rs. 77.52 arba in Q1 from Rs. 68.91 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 57.49 arba in Q1 whereas in the same period last year the figure stood at Rs. 50.54 arba. Meanwhile its non-performing loan has also risen to 3.35percent in Q1 up from 2.18 percent in the previous year report. HBL Earning per share (EPS) stand at Rs. 38.74, net worth per share at 225.60, and the P/E ratio at 32.27times.