Nepal Infrastructure Bank publishes its second quarter report; IPO of Rs 8 arba underway

Nepal Infrastructure Bank Limited (NIFRA) has published its second quarterly report today. The paid-up capital of the bank stands at Rs.12 Arba with reserves of Rs.1.29 arba as of second quarter of FY 2076/77.

The bank reported net interest income of Rs.61.71 Crore against Rs.31.79 crore of last quarter and the net profit for this quarter stood at Rs.40.27 Crore.

Similarly, the CAR stands at 319.56% with cost of funds at 9.40%. The basic earning per share stands at Rs 6.71.

NIFRA is underway to issue IPO worth Rs 8 arba. It has appointed CIT as the underwriter and the issue manager is NIBL Ace Capital Limited.

Announcement