Nepal Investment Bank has published First quarter report of FY 2076/77 based on Nepal financial reporting standard (NFRS). It has reported fall in net profit by 19.94% in the comparing period.
Net profit: It has reported net profit of Rs.84.44 crore in Q1 which was Rs.1.05 arba in the same period of last fiscal year.
As per the NFRS model, the bank has free profit after regulatory adjustments of Rs.42.37 crore which can be distribute as dividend to its shareholders.
Deposit: The bank has collected deposit Rs.1.51 kharba in Q1 of FY 2076/77 from Rs.1.49 kharba in last Fiscal year.
Loan & advance: It had extended Rs.1.30 kharba in loan and advances which was Rs.1.22 kharba in same period of last fiscal year.
Net interest income: It has made net interest income of Rs. 1.52 arba in Q1 from Rs.1.59 arba in Q1 of last fiscal year 2075/76.
Expenses: The bank has made expanses of Rs.38.23 crore for staff salary which was Rs. 40.13 crore in Q1 of last year.
Operating profit: It has posted operating profit of Rs 1.20 arba from Rs.1.50 arba in the corresponding quarter of FY 2075/76.
Major reason to fall in Profit is due to loan loss provision of Rs.33.27 crore and fall in net interest income due high interest expanse.
Paid up capital & Reserve fund: Paid up capital stands at Rs.12.86 arba. Reserve Rs.10.42 arba and retained earning at Rs.2.90 arba.
Its non performing loan increased to 2.86% from 1.21% in the last year.
Major indicators
Annualized earning per share (EPS): Rs.26.25
Net worth per share: Rs.204.44
Price to Earning ratio: 16.88 times
Capital adequacy: 13.17%
Cost of fund: 6.34%
Base Rate: 8.48%
Credit to deposit ratio: 75.62%
