Nepal Investment Bank’s outstanding run continues; Net profit nears Rs 2 arba in the second quarter
Tue, Jan 29, 2019 7:35 AM on Financial Analysis, Stock Market,
Nepal Investment Bank Limited (NIB) has published its second quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a rise in the net profit by 7.93% in the second quarter of the fiscal year 2075/76.
The bank’s profit has increased from Rs 1.83 arba in the second quarter of the fiscal year 2074/75 to Rs 1.97 arba in the second quarter of the fiscal year 2075/76. In the same quarter, the bank has a staggering amount of Rs 1.72 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 9.44% to Rs 1.42 kharba and loans and advances have also increased by 12.09% to Rs 1.27 kharba in the second quarter. The borrowings of the bank have increased to Rs 1.58 arba from Rs 1.43 arba. The net interest income of the bank has also increased to Rs 3.31 arba from Rs 2.68 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 12.58 arba with Rs 11.97 arba as its reserve.
The Non-Performing Loan (NPL) has also increased to 2.04% from 1.12%.
In the fourth quarter, the EPS of the bank stands at Rs 31.38. The net worth per share stands at Rs 195.13.
Major Highlights:
|
Particulars (In Rs '000) |
NIB |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
12,589,907 |
10,626,436 |
18.48% |
|
Reserve & Surplus |
11,977,403 |
9,911,933 |
20.84% |
|
Deposits |
142,106,652 |
129,845,324 |
9.44% |
|
Borrowings |
1,582,673 |
1,438,272 |
10.04% |
|
Loans & Advances |
127,416,902 |
113,671,155 |
12.09% |
|
Net Interest Income |
3,313,235 |
2,685,628 |
23.37% |
|
Operating Profit |
2,843,763 |
2,614,978 |
8.75% |
|
Net Profit |
1,975,572 |
1,830,485 |
7.93% |
|
Total Comprehensive Income afterShare of NCI |
2,010,220 |
1,830,485 |
9.82% |
|
Add/ Less: Regulatory adjustment as per NRB |
(249,041) |
- |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
1,726,531 |
1,830,485 |
-5.68% |
|
NPL |
2.04 |
1.12 |
82.14% |
|
Annualized EPS (In Rs.) |
31.38 |
34.45 |
-8.91% |
|
Net Worth per Share (In Rs.) |
195.13 |
193.28 |
0.96% |
