Nepal Investment Bank’s outstanding performance increases its net profit by 26%; EPS stands at Rs 37.23 at the end of the fiscal year
Tue, Aug 14, 2018 1:33 AM on Financial Analysis, Stock Market, Latest,
Nepal Investment Bank Limited (NIB) has published its fourth quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a massive rise in the net profit by 26.05% in the fourth quarter of the fiscal year 2074/75.
The bank’s profit has increased from 3.14 arba in the fourth quarter of the fiscal year 2073/74 to Rs 3.96 arba in the fourth quarter of the fiscal year 2074/75. In the last quarter of the FY 2074/75, the bank has a staggering amount of Rs 3.57 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 11.46% to Rs 1.40 kharba and loans and advances have also increased by 15.02% to Rs 1.20 kharba in the last quarter. The borrowings of the bank have increased to Rs 76.26 crore from Rs 24.13 crore. The net interest income of the bank has also increased to Rs 5.87 arba from Rs 4.87 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 10.64 arba with Rs 14.85 arba as its reserve.
The Non-Performing Loan (NPL) has also increased to 1.03% from 0.83%.
In the fourth quarter, the EPS of the bank stands at Rs 37.23. The net worth per share stands at Rs 239.55.
Major Highlights:
|
Particulars (In Rs '000) |
NIB |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
10,645,599 |
9,240,379 |
15.21% |
|
Reserve & Surplus |
14,855,965 |
13,045,243 |
13.88% |
|
Deposits |
140,071,167 |
125,669,355 |
11.46% |
|
Borrowings |
762,666 |
241,324 |
216.03% |
|
Loans & Advances |
120,401,392 |
104,676,933 |
15.02% |
|
Net Interest Income |
5,878,076 |
4,870,167 |
20.70% |
|
Operating Profit |
5,528,596 |
4,417,845 |
25.14% |
|
Net Profit |
3,963,770 |
3,144,548 |
26.05% |
|
Total Comprehensive Income afterShare of NCI |
3,205,089 |
3,015,427 |
6.29% |
|
Add/ Less: Regulatory adjustment as per NRB |
(384,912) |
(30,417) |
1165.45% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
3,578,858 |
3,114,131 |
14.92% |
|
NPL |
1.03 |
0.83 |
24.10% |
|
Annualized EPS (In Rs.) |
37.23 |
34.03 |
9.41% |
|
Net Worth per Share (In Rs.) |
239.55 |
241.18 |
-0.67% |
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