Nepal Investment Bank reports decline in Net Profit by 26.13%; EPS at Rs. 17.51; NPL increased to 2.80%
Fri, Nov 13, 2020 7:33 AM on Latest, Company Analysis,
Nepal Investment Bank Limited (NIB) has published its first-quarter report for the FY 2077/2078 with a decrease in Net Profit by 26.13%. The bank’s net profit declined to Rs. 62.38 crores in this quarter from Rs. 84.44 crores of FY 2076/2077.
The company’s operating profit decreased by 26.13% to Rs. 89.16 crores in first-quarter compared to the corresponding quarter of the previous year. The bank has Rs. 20.40 crores as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank has a deposit of Rs. 1.84 kharba which is an increase of 11.13% in this quarter. Similarly, loans and advances increased to Rs. 1.39 kharba. The net interest income of the bank increased by 11.54% to Rs. 1.63 Arba compared to the corresponding quarter of the previous year; an increase of 6.96% in Q1.
The bank’s paid-up capital stood at Rs. 14.24 Arba with Rs. 13.87 Arba as its reserves and surplus. The Non-performing loan (NPL) increased to 2.80%.
The annualized EPS for the bank stood at Rs. 17.51. The Net worth per share stands at Rs. 197.39. The stock for the period traded at a P/B multiple of 2.10 times.
Financial Highlights:
|
Particulars |
Nepal Investment Bank Limited |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
14,248,955.00 |
14,248,955.00 |
- |
|
Share Premium |
32,599.00 |
32,599.00 |
- |
|
Retained Earnings |
1,828,599.00 |
1,623,100.00 |
12.66% |
|
Reserves |
12,015,421.00 |
11,415,595.00 |
5.25% |
|
Deposits from Customers |
184,882,568.00 |
166,362,126.00 |
11.13% |
|
Loans & Advances to Customers |
139,022,451.00 |
135,457,513.00 |
2.63% |
|
Net Interest Income |
1,633,539.00 |
1,527,175.00 |
6.96% |
|
Fee and Commission Income |
273,886.00 |
338,628.00 |
-19.12% |
|
Impairment Charge/ (Reversal) |
-629,194.00 |
-332,776.00 |
- |
|
Personnel Expenses |
342,175.00 |
382,352.00 |
-10.51% |
|
Operating Profit |
891,163.00 |
1,206,316.00 |
-26.13% |
|
Profit/ (Loss) for the period |
623,814.00 |
844,421.00 |
-26.13% |
|
Total Comprehensive Income |
804,924.00 |
731,918.00 |
- |
|
Distributable Profit/(Loss) after P/L appropriation and Regulatory Adjustments |
204,098.00 |
- |
- |
|
Capital Adequacy Ratio (CAR) (%) |
12.63% |
13.17% |
- |
|
Non-Performing Loan (NPL) |
2.80% |
2.84% |
- |
|
CCD (as per NRB Directive) |
73.68% |
74.62% |
- |
|
Cost of Fund (%) |
5.48% |
6.34% |
- |
|
Base Rate (%) |
7.34% |
8.48% |
- |
|
Annualized EPS (Rs.) |
17.51 |
23.70 |
-26.13% |
|
Net Worth per share (Rs.) |
197.39 |
191.74 |
2.95% |
|
Qtr End PE Ratio (Rs.) |
23.64 |
- |
- |
|
Qtr End Market Price |
414 |
- |
- |
|
Price to Book (PB Ratio) |
2.10 |
- |
- |
