NIC Asia Bank Limited has registered profit growth of 49.93 percent in the third quarter (Q3) of the fiscal year 2073/74.
According to the unaudited financial report published by the commercial bank today, its net profit has elevated to Rs. 1.13 arba in the third quarter up from Rs. 75.95 crore in the corresponding quarter of the previous fiscal year.
NIC Asia Bank’s net interest income has risen to Rs 1.84 arba in Q3 as compared to Rs. 1.37 arba in the corresponding quarter.
It has a paid up capital of Rs 6.35 arba with reserve of Rs 3.06 arba in Q3.
The bank has collected of deposits of Rs 78.99 arba in Q3, up from Rs.64.14 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 67.25 arba in Q3 whereas in the same period last year the figure stood at Rs. 52.49 arba.
Its non-performing loan (NPL) declined to 0.46percent in the current quarter from 1.11 percent in the previous year report.
NIC Asia Bank’s Earning per Share (EPS) stands at Rs.26.06, net worth per share at Rs.145.50, and P/E ratio 26.06 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
6,357,991 |
3,695,016 |
72.07% |
| Reserve and Surplus |
3,065,267 |
2,563,300 |
19.58% |
| Deposits |
78,994,431 |
64,146,038 |
23.15% |
| Loans and Advances |
67,254,521 |
52,498,344 |
28.11% |
| Net Interest Income |
1,847,886 |
1,376,694 |
| Provision |
488,013 |
325,514 |
- |
| Write Back |
400,795 |
258,035 |
| Operating Profit |
1,321,846 |
926,546 |
42.66% |
| Net Profit |
1,138,783 |
759,532 |
49.93% |
| Capital Adequacy Ratio |
13.69% |
11.76% |
- |
| NPL |
0.46% |
1.11% |
-58.56% |
| Base Rate |
|
|
- |
| Cost of Fund |
5.29% |
4.55% |
|
| CD Ratio (as per NRB) |
78.26% |
77.71% |
- |
| EPS (Annualized) |
26.06 |
|
|
| PE Ratio |
18.50 |
|
|
| Networth Per Share |
145.50 |
|
|
