NIC Asia Bank Limited has registered profit growth of 37.75 percent in the fourth quarter (Q4) of the last fiscal year 2073/74.
As per the unaudited financial report published by the commercial bank today, its net profit of the bank has surged to Rs. 1.46 arba in the fourth quarter up from Rs. 1.06 arba in the corresponding quarter of the previous fiscal year.
NIC Asia Bank’s net interest income has risen to Rs 6.90 arba in Q4 as compared to Rs. 4.40 arba in the corresponding quarter.
It has a paid up capital of Rs 6.69 arba. The bank will need to increase its paid up capital by a further 19.5% to reach NRB’s minimum requirement of Rs 8 arba by the end of FY 2073/74. The reserve of the bank increased by 117.25% to Rs 3.49 arba in the Q4 of last fiscal year 73/74.
The bank has collected of deposits of Rs 86.69 arba in Q4, up from Rs 69.48 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs.71.58 arba in Q4 whereas in the same period last year the figure stood at Rs. 58.45 arba.
Its non-performing loan (NPL) declined to 0.36 percent in the current quarter from 0.76 percent in the previous year report.
NIC Asia Bank’s Earnings per Share (EPS) stands at Rs.22, net worth per share at Rs. 152.15, and P/E ratio at 25.79 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Difference(%) |
| Paid Up Capital |
6,692,597 |
5,776,254 |
15.86% |
| Reserve and Surplus |
3,490,236 |
1,606,590 |
117.24% |
| Deposits |
86,697,140 |
69,487,997 |
24.77% |
| Loans and Advances |
71,583,360 |
12,889,815 |
455.35% |
| Net Interest Income |
2,538,228 |
1,957,735 |
29.65% |
| Provision |
151,355 |
190,475 |
-20.54% |
| Write Back |
427,938 |
335,331 |
27.62% |
| Operating Profit |
1,694,939 |
1,369,563 |
23.76% |
| Net Profit |
1,469,672 |
1,066,906 |
37.75% |
| Capital Adequacy Ratio |
13.95 |
12.44 |
12.14% |
| NPL |
0.36 |
0.76 |
-52.63% |
| Base Rate |
11.27 |
6.44 |
75.00% |
| Cost of Fund |
6.07 |
4.41 |
37.64% |
| CD Ratio (as per NRB) |
76.34 |
78.52 |
-2.78% |
| EPS |
22.00 |
28.00 |
-21.43% |
| PE Ratio |
- |
- |
- |
| Networth Per Share |
152.15 |
- |
- |
