Rise in core business led Himalayan Bank tremendous profit growth by 72.22% in Q4; EPS at Rs 42.58

Himalayan Bank Limited (HBL) has registered massive profit rise of 72.22 percent in the fourth quarter of the fiscal year 2072/73. According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 1.91 arba in fourth quarter up from Rs 1.11 arba in the corresponding quarter of the last fiscal year 2071/72. The profit is attributable to its core business as net interest income of the bank has risen to Rs 3.40 arba in Q4 as compared to Rs 2.67 arba in the corresponding quarter of the previous fiscal year. It has paid up capital of Rs 4.49 arab with reserve of Rs 4.37arba in fourth quarter. Deposits collection of Himalayan Bank reached to Rs 87.32 arba in Q4 from Rs 73.53 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 69.10 arba in Q4 whereas in the same period last year the figure stood at Rs 55.42arba. Meanwhile, its non-performing loan (NPL) dropped by 1.23 percent in Q4 up from 3.22 percent in the previous year report. Its earning per share (EPS) stand at Rs 42.58, net worth per share at197.25 , and the P/E ratio at 35.23 times.