Modest profit growth of NIBL in Q4; earns Rs 1.97 arba, deposit mobilization Rs 90.63 arba
Mon, Aug 10, 2015 12:00 AM on Others,
ShareSansar, August 10:
Nepal Investment Bank Limited (NIB) has posted meager rise of 1.37 percent growth in net profit in the fourth quarter of the last fiscal year 2071/72.
Publishing the unaudited financial report for the fourth quarter today, one of the leading commercial banks has stated that the bank’s net profit rose to Rs1.97 arba in last Q4, up from Rs 1.94 arba in the corresponding quarter of the previous fiscal year 2070/71.
The bank has mobilized deposits of Rs 90.63 arba inQ4 of last FY 2071/72 compared to Rs 73.82 arba in the corresponding quarter of the previous fiscal year. Likewise, it extended loans of Rs 67.69 arba up from Rs 53.45 arba.
NIBL’s net Interest Income has slightly risen from Rs 3 arba in the corresponding quarter of the previous fiscal year to Rs 2.98 arba in the fourth quarter of 2071/72. It’s paid up capital remains at Rs 4.77 arba.
The bank has posted an operating profit of Rs 2.56 arba in the Q4 dropping from Rs 2.90 arba in the corresponding period of the previous fiscal year.
NIBL’s non-performing loan has gone down from 1.77 percent in the corresponding period of the previous fiscal year to 1.25 percent in the last Q4. The bank has managed to write back Rs 53.77 crore in Q4 whereas, the provision for possible losses figure stands Rs 57.13 crore during 71/72 FY.
Its EPS (annualized) now stands at Rs 41.38, net worth per share at Rs 207.70, PE ratio at 17.01 times and CD ratio at 72.76 percent.
Nepal Investment Bank Limited (NIB) |
Rs. In "000" | ||
| 4th Qtr. FY 2071/72 | 4th Qtr. FY 2070/71 | Growth (%) | |
| Paid-up Capital (Rs.) | 4,771,204.00 | 4,768,714.00 | 0.05% |
| Reserve (Rs.) | 5,138,446.00 | 3,163,905.00 | 62.41% |
| Deposits (Rs.) | 90,630,660.00 | 73,828,084.00 | 22.76% |
| Loans and Adv. (Rs.) | 67,690,199.00 | 53,458,470.00 | 26.62% |
| Net Interest Income (Rs.) | 2,986,268.00 | 3,001,786.00 | -0.52% |
| Provision for Possible Losses (Rs.) | -571,391.00 | -277,278.00 | |
| Operating Profit (Rs.) | 2,562,858.00 | 2,900,504.00 | -11.64% |
| Write Back (Rs.) | 537,704.00 | 139,148.00 | |
| Net Profit (Rs.) | 1,974,541.00 | 1,947,698.00 | 1.38% |
| Capital Adequacy Ratio (%) | 11.99% | 11.27% | 6.39% |
| Cost of Funds (as per NRB) (%) | 3.63% | 3.91% | -7.16% |
| Earning Per Share (annualized) | 41.38 | ||
| P/E Ratio (Times) | 17.01 | ||
| Net Worth per Share (Rs.) | 207.7 | ||
Click here to view, Nepal Investment Bank to issue 68.16 lakh units FPO within 6 months
