Nepal Investment Bank leads the industry; EPS reaches Rs 39.63 with free profit of Rs 1.05 arba
Thu, Nov 15, 2018 9:25 AM on Financial Analysis, Stock Market, Latest,
Nepal Investment Bank Limited (NIB) has published its first quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a rise in the net profit by 17.84% in the first quarter of the fiscal year 2075/76.
The bank’s profit has increased from Rs 89.99 crore in the first quarter of the fiscal year 2074/75 to Rs 1.05 arba in the first quarter of the fiscal year 2075/76. In the same quarter, the bank has a staggering amount of Rs 1.05 arba as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit has growth rate of 17.55% to Rs 1.41 kharba and loans and advances have also increased by 17.29% to Rs 1.24 kharba in the first quarter. The borrowings of the bank have increased to Rs 1.37 arba from Rs 24.29 crore. The net interest income of the bank has also increased to Rs 1.59 arba from Rs 1.32 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 10.64 arba with Rs 15.64 arba as its reserve.
The Non-Performing Loan (NPL) has also increased to 1.21% from 1.04%.
In the fourth quarter, the EPS of the bank stands at Rs 39.63. The net worth per share stands at Rs 246.93.
Major Highlights:
|
Particulars (In Rs '000) |
NIBL |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
10,645,599 |
10,626,436 |
0.18% |
|
Reserve & Surplus |
15,641,660 |
8,976,442 |
74.25% |
|
Deposits |
141,211,670 |
131,293,472 |
7.55% |
|
Borrowings |
1,370,062 |
242,967 |
463.89% |
|
Loans & Advances |
124,608,346 |
106,242,516 |
17.29% |
|
Net Interest Income |
1,593,687 |
1,325,846 |
20.20% |
|
Operating Profit |
1,506,671 |
1,278,563 |
17.84% |
|
Net Profit |
1,054,670 |
894,994 |
17.84% |
|
Total Comprehensive Income afterShare of NCI |
1,149,413 |
894,994 |
28.43% |
|
Add/ Less: Regulatory adjustment as per NRB |
- |
- |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
1,054,670 |
894,994 |
17.84% |
|
NPL |
1.21 |
1.04 |
16.35% |
|
Annualized EPS (In Rs.) |
39.63 |
33.69 |
17.63% |
|
Net Worth per Share (In Rs.) |
246.93 |
184.47 |
33.86% |
