Himalayan Bank reports sluggish growth in Q1
November 15, 2019 | Investopaper
Himalayan Bank has reported a slow growth in its performance in the first quarter of the fiscal year 2076/77. The profit of the bank grew by a mere 6 percent. The bank earned a net profit of Rs. 69 crores. The net interest income remained flat at Rs. 1.32 Arba.
Until the first quarter, the deposits grew by 5.5 percent to Rs. 115.48 Arba. The bank has floated loans of Rs. 97.71 Arba. With the paid-up capital of Rs. 8.52 Arba, the reserve and surplus stand at Rs. 8.17 Arba.
The bank has shown improvement in NPL and base rate. The NPL and base rate declined to 1.16 percent and 8.93 percent respectively.
The Earnings Per share (EPS) and per share net worth remain at satisfactory Rs. 32.59 and Rs. 195.83 respectively.
The first quarter report of Himalayan Bank is summarized in the table below:
Himalayan Bank First Quarter Report, 2076/77
| HEADINGS | 1st QTR, 2076/77 | 4th QTR, 2075/76 | PERCENT CHANGE |
| PAID UP CAPITAL (Rs. In Arba) | 8.52 | 8.52 | 0.00 |
| RESERVE & SURPLUS (Rs. In Arba) | 8.17 | 7.47 | 9.37 |
| DEPOSITS (Rs. In Arba) | 115.48 | 109.39 | 5.57 |
| LOANS (Rs. In Arba) | 97.71 | 92.7 | 5.40 |
| HEADINGS | 1st QTR, 2076/77 | 1st QTR, 2075/76 | PERCENT CHANGE |
| NET INTEREST INCOME (Rs. In Arba) | 1.32 | 1.31 | 0.76 |
| PROFIT (Rs. In Arba) | 0.69 | 0.65 | 6.15 |
| DISTRIBUTABLE PROFIT (Rs. In Arba) | 0.2 | – | |
| NON PERFORMING LOANS, NPL (%) | 1.16 | 1.46 | -20.55 |
| BASE RATE(%) | 8.93 | 9.22 | -3.15 |
| EARNINGS PER SHARE, EPS (Rs.) | 32.59 | ||
| NETWORTH PER SHARE (Rs.) | 195.83 | ||
| MARKET PRICE PER SHARE (Rs.) [Ashwin 30, 2076] | 502 | ||
| P/E RATIO | 15.40 |
