Nepal Investment Bank's profit decline by 22.64% to Rs 2.57 arba in Q4; EPS stands at Rs 18.05
Fri, Aug 14, 2020 7:37 AM on Latest, Company Analysis,
Nepal Investment Bank Limited (NIB) has published its fourth-quarter report for the FY 2076/2077 with a decline in Net Profit by 22.64%. The bank’s net profit has decreased from Rs. 3.32 Arba in the fourth quarter of the FY 2075/2076 to Rs. 2.57 Arba in the fourth quarter of FY 2076/2077. The decline in net profit is mainly due to the high impairment charge (provision) for loans and other losses of Rs 1.88 arba.
The company’s operating profit has decreased by 12.03% to Rs. 3.63 Arba in the fourth quarter in FY 2076/2077 compared to the corresponding quarter of the previous year. The bank has Rs. 65.23 crore as a Distributable profit after P/L appropriation and regulatory requirements in the fourth quarter.
The bank’s deposit from customers increased by 11.36% to Rs. 1.66 kharba whereas loans and advances to customers increased by 10.25% to Rs. 1.35 kharba till the fourth quarter. The net interest income (Core business income) of the bank has decreased by 6.69% to Rs. 5.76 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 14.24 Arba with Rs. 13.07 Arba as its reserves and surplus. The Non-performing loan (NPL) increased to 2.91% from 2.78% in the corresponding quarter.
The EPS of the bank in the fourth quarter of FY 2076/2077 stood at Rs. 18.05. The Net worth per share stands at Rs. 191.74 and Qtr End PE ratio stands at 23.88 times.
Major Highlights:
|
Particulars (In Rs '000) |
Nepal Investment Bank Limited |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
14,248,955 |
12,869,749 |
10.72% |
|
Share Premium |
32,599 |
105,649 |
|
|
Retained Earnings |
1,623,100 |
2,064,662 |
-21.39% |
|
Reserves |
11,415,595 |
10,539,136 |
8.32% |
|
Deposits from Customers |
166,362,126 |
149,392,282 |
11.36% |
|
Loans & Advances to Customers |
135,457,513 |
122,866,554 |
10.25% |
|
Net Interest Income |
5,760,197 |
6,173,506 |
-6.69% |
|
Fee and Commission Income |
1,513,164 |
1,442,867 |
4.87% |
|
Impairment Charge/(Reversal) |
1,880,141 |
1,596,610 |
17.76% |
|
Personnel Expenses |
1,426,740 |
1,546,163 |
-7.72% |
|
Operating Profit |
3,636,141 |
4,133,374 |
-12.03% |
|
Profit/(Loss) for the Year |
2,571,652 |
3,324,113 |
-22.64% |
|
Total Comprehensive Income |
2,807,099 |
3,293,711 |
-14.77% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
652,366 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
13.23 |
13.26 |
-0.23% |
|
NPL |
2.91 |
2.78 |
4.68% |
|
CCD (as per NRB Directives) |
72.93 |
71.97 |
1.33% |
|
Cost of Fund (%) |
5.85 |
6.31 |
-7.29% |
|
Base Rate (%) |
7.51 |
8.33 |
-9.84% |
|
EPS (In Rs.) |
18.05 |
25.83 |
-30.12% |
|
Net Worth per Share (In Rs.) |
191.74 |
198.75 |
-3.53% |
|
Qtr End PE Ratio (times) |
23.88 |
- |
- |
|
Qtr End Market Price* |
431 |
- |
- |
|
Price to Book (PB Ratio) |
2.25 |
- |
- |
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