NIC Asia registers meager profit rise by 2.02% in Q1; EPS stood Rs 23.68

NIC Asia Bank Limited (NICA) has registered meager profit growth of 2.02 percent in the first quarter of the last fiscal year 2072/73. According to the unaudited financial report published by the commercial bank today, its net profit has increased to Rs 15.73 crore in first quarter up from Rs. 15.42 crore in the corresponding quarter of the last fiscal year 2071/72. NIC Asia Bank’s net interest income has decline to Rs 37.31 crore in Q1 as compared to Rs 40.77 crore in the corresponding quarter. It’s paid up capital remains at Rs 2.65arba. The bank amassed huge amount of deposits in the Q1 of the ongoing fiscal year. Deposits collection reached Rs 53.84 arba in Q1 from Rs 46.88arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 44.24 arba in Q1 whereas in the same period last year the figure stood at Rs 37.46 arba. Its non-performing loan has decreased to 1.83 percent in Q1 up from 2.62 percent in the previous year report. NICA’s earning per share (EPS) stand at Rs 23.68, net worth per share at Rs 215.66, and the P/E ratio at 38.59times.