Nepal Investment Bank Limited has posted net profit surge to Rs.2.83 arba in the third quarter of fiscal year 2074/75. It is raised by 19.38% percent.
As per the published report, the commercial bank has posted increased in net profit to Rs.2.83 arba in Q3 from Rs 2.37 arba in the corresponding quarter of previous year.
The bank has collected deposit of Rs. 1.30 kharba & disbursed in loan & advance of Rs.1.18 kharba. Deposit collection increased by 8.67%.
It has borrowing of Rs 2.62arba in the Q3.
Net interest income of bank has risen to Rs.4.11 arba from Rs.3.47 arba in last year. Likewise, operating profit has risen to Rs.3.75 arba from Rs. 3.45 arba in corresponding quarter of last year. Operating profit increased by 8.65%.
Its paid up capital is Rs. 10.64 arba with reserves of Rs. 10.91 arba.
Its non-performing loan is at 0.76% from 0.64% in the last year.
Annualized earning per share (EPS) is Rs. 35.55 & Net worth per share is Rs. 202.58. Its PE ratio stands at 18.76 times.
Major indicators
Cost of fund: 6.35%
CD ratio: 78.03%
Return on equity: 15.55%
Return on assets: 2.34%
See report of Century commercial bank, profit raise by 102%.
