Nepal Investment Bank reports decline in Net Profit by 4.77% to Rs 1.58 arba; NPL slightly decline to 2.75% in Q2
Thu, Jan 21, 2021 7:19 AM on Financial Analysis, Company Analysis, Latest,
Nepal Investment Bank Limited (NIB) has published its second-quarter report for the FY 2077/2078 with a slight decrease in Net Profit by 4.77%. The bank’s net profit declined to Rs. 1.58 arba in this quarter from Rs. 1.66 arba of FY 2076/2077.
The company’s operating profit decreased by 2.08% to Rs. 2.33 arba in second-quarter compared to the corresponding quarter of the previous year. The bank has Rs. 49.38 crores as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank has a deposit from customers of Rs. 1.66 kharba. Similarly, loans and advances increased to Rs. 1.38 kharba. The net interest income of the bank decreased by 2.64% to Rs. 2.98 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stood at Rs. 14.24 Arba with Rs. 15.30 Arba as its reserves and surplus. The Non-performing loan (NPL) slightly decreased to 2.75%.
The annualized EPS for the bank stood at Rs. 22.27. The Net worth per share stands at Rs. 207.39. The stock for the period traded at a P/E multiple of 21.78 times.
Nepal Investment Bank (NIB) Proposes 13% Bonus shares and 5.5% Cash Dividend for FY 2076/77 which is yet to be adjusted in the published Q2 report and book closure for the same is already done. Once proposed bonus shares adjusted then EPS, Networth per share, and PE will be changed.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
Particulars (In Rs '000) |
Nepal Investment Bank |
||
---|---|---|---|
Q2 2077/78 |
Q2 2076/77 |
Difference |
|
Share Capital* |
14,248,955 |
14,248,955 |
0.00% |
Share Premium* |
32,599 |
32,599 |
|
Retained Earnings* |
3,116,224 |
2,622,386 |
18.83% |
Reserves* |
12,153,700 |
10,269,224 |
18.35% |
Deposits from Customers* |
166,356,763 |
166,362,126 |
0.00% |
Loans & Advances to customers* |
138,019,616 |
135,082,099 |
2.17% |
Net Interest Income |
2,982,429 |
3,063,355 |
-2.64% |
Impairment Charge/(Reversal) |
367,691 |
559,095 |
0.00% |
Personnel Expenses |
751,077 |
770,003 |
-2.46% |
Operating Profit |
2,331,310 |
2,380,880 |
-2.08% |
Profit/(Loss) for the Year |
1,586,609 |
1,666,112 |
-4.77% |
Total Comprehensive Income |
2,378,314 |
1,685,198 |
41.13% |
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
493,838 |
|
|
Capital Adequacy Ratio (CAR) |
13.98 |
13.37 |
4.56% |
NPL |
2.75 |
2.9 |
-5.17% |
CCD (as per NRB Directives) |
74.07 |
75.39 |
-1.75% |
Cost of Fund (%) |
4.69 |
6.37 |
-26.37% |
Interest Rate Spread (%) |
4.14 |
5.16 |
-19.77% |
Base Rate (%) |
6.56 |
8.53 |
-23.09% |
Annualized EPS (In Rs.) |
22.27 |
23.39 |
-4.77% |
Net Worth per Share (In Rs.) |
207.39 |
190.70 |
8.75% |
Qtr End PE Ratio (times) |
21.78 |
- |
- |
Qtr End Market Price |
485 |
- |
- |