Nepal Investment Bank Limited Reports Slight Decline In Core Business Revenue In Q4; Company In Merger Process With HBL To Be The Biggest Bank Of The Country
Fri, Aug 13, 2021 6:15 AM on Company Analysis, Latest,
Nepal Investment Bank Limited (NIB) has published its fourth-quarter report for the FY 2077/2078 with an increase in Net Profit by a 50.69%. The bank's net profit has increased from Rs. 2.42 Arba in the fourth quarter of FY 2076/2077 to Rs. 3.65 Arba in the fourth quarter of FY 2077/2078.
The bank reported Rs. 1.99 Arba as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposits from customers increased by 4.93% (compared to the immediate previous year ending) whereas loans and advances to customers increased by 16.15% to Rs. 1.56 kharba (compared to the immediate previous year ending) till the fourth quarter. The bank's Net Interest Income (core business income) has decreased by 3.20% to Rs. 5.59 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 16.25 Arba with Rs. 16 Arba in Reserve and surplus. The Non-performing loan (NPL) remained at 2.46%.
The earnings per share (EPS) of the Bank stood at Rs. 22.46 and Net worth per share stood at Rs. 198.48. The company traded at a P/B multiple of 2.32 times.
NOTE: The company is in merger process with Himalayan Bank Limited
Major Highlights:
|
Particulars |
Nepal Investment Bank Limited |
||
|---|---|---|---|
|
Q4, 2077/2078 |
Q4, 2076/2077 |
Difference |
|
|
Share Capital |
16,257,330.00 |
14,248,955.00 |
14.09% |
|
Reserve & Surplus |
16,009,748.00 |
12,924,209.00 |
23.87% |
|
Loans and Advances |
156,891,806.00 |
135,082,099.00 |
16.15% |
|
Deposit from Customers |
174,557,704.00 |
166,362,126.00 |
4.93% |
|
Net Interest Income |
5,593,054.00 |
5,777,669.00 |
-3.20% |
|
Impairment charge/(Reversal) for loans |
377,913.00 |
1,997,245.00 |
- |
|
Operating Profit |
5,255,187.00 |
3,515,240.00 |
49.50% |
|
Net Profit |
3,651,496.00 |
2,423,186.00 |
50.69% |
|
Capital Adequacy Ratio (CAR) |
14.64% |
13.54% |
- |
|
Non-performing Loan (%) |
2.46% |
2.91% |
- |
|
Cost of Funds (%) |
4.04% |
5.85% |
- |
|
Base Rate (%) |
5.74% |
7.88% |
- |
|
CCD Ratio (as per NRB Directives) |
75.12% |
72.93% |
- |
|
EPS (Rs.) |
22.46 |
17.01 |
- |
|
Net Worth per share (Rs.) |
198.48 |
190.70 |
- |
|
Price to Earnings (Times) |
20.48 |
- |
- |
|
Price to Book (Times) |
2.32 |
- |
- |
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