Nepal Investment Bank’s net profit rises to Rs 1.86 arba; Reserve reaches Rs 9.88 arba after the FPO
Mon, May 2, 2016 11:13 AM on Latest, Financial Analysis, Featured, Stock Market,
Nepal Investment Bank Limited (NIB) has reported a profit rise of 21.62 percent in net profit in the third quarter of the current fiscal year 2072/73.
Publishing the unaudited financial report for the third quarter today, the commercial banks has stated that the bank’s net profit rose to Rs 1.86 arba in Q3, up from Rs 1.53 arba in the corresponding quarter of the previous fiscal year 2071/72.
After the FPO, paid up capital of Nepal Investment Bank has reached Rs 7.25 arba and its reserve stands at Rs. 9.88 arba. Now, the bank has the highest paid up capital among all the commercial banks other than state owned commercial banks.
The bank has collected a massive deposit of Rs 1.12 kharba in Q3 of FY 2072/73 compared to Rs 81.16 arba in the corresponding quarter of the previous fiscal year 2071/72. Likewise, it has extended loans of Rs 84.37 arba up from Rs 66.14 arba.
NIBL’s net interest income has risen from Rs 2.20 arba in the corresponding quarter of the previous fiscal year to Rs 2.71 arba in the third quarter.
The bank has posted an operating profit of Rs 2.48 arba in Q3 up from Rs 1.83 arba in the corresponding period of the previous fiscal year.
NIBL’s non-performing loan has slightly gone down from 1.28 percent in the corresponding period of the previous fiscal year to 0.78 percent in Q3 of the ongoing fiscal year.
The bank has managed to write back Rs 42.86 crore in Q3 whereas, the provision for possible losses figure stands Rs 56.51crore during Q3 of 72/73 FY.
Its EPS (annualized) now stands at Rs 34.24, net worth per share at Rs 236.28, PE ratio at 32.10 times and CD ratio at 70.05 percent.
The bank has collected a massive deposit of Rs 1.12 kharba in Q3 of FY 2072/73 compared to Rs 81.16 arba in the corresponding quarter of the previous fiscal year 2071/72. Likewise, it has extended loans of Rs 84.37 arba up from Rs 66.14 arba.
NIBL’s net interest income has risen from Rs 2.20 arba in the corresponding quarter of the previous fiscal year to Rs 2.71 arba in the third quarter.
The bank has posted an operating profit of Rs 2.48 arba in Q3 up from Rs 1.83 arba in the corresponding period of the previous fiscal year.
NIBL’s non-performing loan has slightly gone down from 1.28 percent in the corresponding period of the previous fiscal year to 0.78 percent in Q3 of the ongoing fiscal year.
The bank has managed to write back Rs 42.86 crore in Q3 whereas, the provision for possible losses figure stands Rs 56.51crore during Q3 of 72/73 FY.
Its EPS (annualized) now stands at Rs 34.24, net worth per share at Rs 236.28, PE ratio at 32.10 times and CD ratio at 70.05 percent.
