Nepal Investment Mega Bank Earns Net Profit of Rs 3.04 Arba Till Q3; Net Worth Per Share At 166.88 & CAR At 13.99%
Thu, Apr 20, 2023 11:49 AM on Latest, Financial Analysis, Stock Market,
Nepal Investment Mega Bank Limited (NIMB) has published a third-quarter report for FY 2079/80 with a 22.96% growth in net profit.
The bank’s profit has increased to Rs 3.046 arba in the third quarter of the fiscal year 2079/80.
Following the merger, the bank has a total paid-up capital of massive Rs. 34.12 Arba, whereas the reserves stand at Rs. 23.89 Arba and retained earnings at negative Rs 1.27 Arba and has Rs 20.78 Crore as Share Premium.
The bank has deposits from customers of Rs 3.50 Kharba and loans and advances to customers stand at Rs 3.11 Kharba until the third quarter.
The Net Interest Income (Core Business Revenue) has increased by 99.49% to stand at Rs. 7.79 Arba. On the other hand, the bank reports personnel expenses of Rs. 1.81 Arba and impairment charges (provision for possible loss) of Rs. 70.19 Crores.
In the third quarter, the annualized EPS of the bank stands at Rs 11.90. The net worth per share stands at Rs 166.88.
MAJOR FINANCIAL HIGHLIGHTS
| Particulars (In Rs '000) | Nepal Investment Mega Bank Limited | ||
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 34,128,595.00 | 18,307,541.00 | 86.42% |
| Share Premium | 207,850.00 | ||
| Retained Earnings | -1,279,656.00 | 1,307,666.00 | -197.86% |
| Reserves | 23,896,534.00 | 14,376,707.00 | 66.22% |
| Deposits | 350,197,847.00 | 184,791,072.00 | 89.51% |
| Loans & Advances | 311,248,619.00 | 157,157,095.00 | 98.05% |
| Net Interest Income | 7,795,159.00 | 3,907,529.00 | 99.49% |
| Personnel Expenses | 1,818,427.00 | 1,257,245.00 | 44.64% |
| Provision for Possible Losses | 701,907.00 | ||
| Write Back | 31,519.00 | ||
| Operating Profit | 5,651,274.00 | 3,625,912.00 | 55.86% |
| Net Profit | 3,046,123.00 | 2,477,261.00 | 22.96% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | -1,279,656.00 | 452,226.00 | -382.97% |
| Capital Adequacy (%) | 13.99 | 14.79 | -5.41% |
| Cost of Fund (%) | 8.13 | 6.64 | 22.44% |
| EPS (In Rs.) | 11.90 | 18.04 | -34.04% |
| Net Worth per Share (In Rs.) | 166.88 | 185.67 | -10.12% |
| Qtr end PE Ratio (times) | 16.05 | ||
| Qtr End Market Price | 191 | - | |
