Kathmandu. Nepal Investment Mega Bank Limited (NIBL) is providing financial assistance for the current fiscal year 2082. The company has made public the unrevised financial statements for the second quarter (July-December) of 83 B.S.
According to the financial report, the bank has earned a net profit of Rs 1.61 billion in the first six months of the current FY. Previous fiscal year 2081. The bank had earned a net profit of Rs 2.83 billion in the same period. The profit of the bank decreased by 43.05 percent compared to the previous year.
In the review year, the bank’s distributable profit stood at Rs 3.62 billion. In the same period last year, the bank’s distributable profit was negative at Rs 2.86 billion.
The bank’s operating profit stood at Rs 2.40 billion in the current FY. In the previous year, the operating profit was limited to Rs 4.04 billion. The operating profit of the bank was down by 40.59 percent.
In the second quarter, the bank earned Rs 6.62 billion. The bank had posted a net profit of Rs 7.36 billion in the same period last year. Interest income decreased by 12.83 percent.
The bank has a paid-up capital of Rs 34.12 billion with a rated earnings of Rs 3.62 billion and reserve of Rs 35.96 billion. In the previous year, the retained earnings were negative by Rs 2.45 billion and the reserves were Rs 33.30 billion.
In the review year, the bank collected deposit of Rs 519.10 billion and extended loan of Rs 328.16 billion. The bank had collected deposit of Rs 4.72 billion and extended loan of Rs 323.17 billion in the same period of the previous year.
The NPL ratio of the bank has increased to 7.90 percent in the review period. The bank’s NPL was 5.68 percent in the same period last year.
The bank’s annual earnings per share (EPS) has decreased to Rs 9.45. In the previous year, EPS was limited to Rs. 16.60. The bank’s net worth per share is Rs 194.77 with a P/E ratio of 20.20 times.
