Nepal Investment Bank profit rises by 19.38% amounting to Rs 2.83 arba in the third quarter; Earning per share stand at Rs 35.55
Wed, Apr 25, 2018 12:52 AM on Financial Analysis, Stock Market,
Nepal Investment Bank Limited (NIB) has made a net profit growth of 19.38% in the third quarter of the FY 2074/75.
As per the unaudited financial statement published today, NIB’s net profit has increased to a whopping Rs 2.83 arba from Rs 2.37 arba posted in the same period last year.
Its deposit base has reached Rs 1.30 kharba with disbursed loans of Rs 1.18 kharba. Its loans has increased by 16.59% to Rs 1.01 kharba. The CD ratio of the bank is at just 78.03%. In this period, its net interest income increased by 18.41% to Rs 4.11 arba.
Likewise, its operating profit has also increased to Rs 3.75 arba by 8.65%. Its non-performing loan has also slightly inclined to 0.76% in this period.
As of the end of Q3, its paid up capital stands at Rs 10.64 arba with reserve at Rs 10.91 arba. Its annualized EPS now stands at Rs 35.55, net worth per share at Rs 202.58 and P/E ratio at 13.76 times.
Major Highlights:
|
Particulars (In Rs '000) |
NIBL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
10,645,599 |
8,746,913 |
21.71% |
|
Reserve & Surplus |
10,919,897 |
9,958,839 |
9.65% |
|
Deposits |
130,197,457 |
119,811,451 |
8.67% |
|
Borrowings |
2,692,048 |
241,089 |
1016.62% |
|
Loans & Advances |
118,860,752 |
101,946,234 |
16.59% |
|
Net Interest Income |
4,118,567 |
3,478,181 |
18.41% |
|
Provision for possible losses |
(667,060) |
(435,705) |
53.10% |
|
Operating Profit |
3,756,475 |
3,457,361 |
8.65% |
|
Net Profit |
2,838,448 |
2,377,699 |
19.38% |
|
NPL (%) |
0.76 |
0.64 |
18.75% |
|
Annualized EPS (In Rs.) |
35.55 |
36.24 |
-1.91% |
|
Net Worth per Share (In Rs.) |
202.58 |
213.86 |
-5.27% |
|
P/E Ratio (In times) |
18.76 |
- |
- |
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