Nepal Infrastructure Bank Earns Profit of Rs 84.71 Crores in FY 2076/77

August 3, 2020 | Investopaper

Nepal Infrastructure Bank Limited (NIFRA) has earned a net profit of Rs 84.71 crores in the fiscal year 2076/77. Publishing the unaudited fourth quarterly report of the FY 2076/77, the bank has reported a rise in profit by almost 27 percent from the previous year. In the fiscal year 2075/76, the net profit of the bank stood at Rs 67 crores.

To view the quarterly report, Click Here

Similarly, the operating profit has surged by 14.58 percent to Rs 1.10 Arba. In the 12 months period, the bank earned a net interest income of Rs 1.23 Arba. The distributable profit from fiscal year 2076/77 is Rs 84.71 crores.

At current, Nepal Infrastructure Bank has a paid up capital of Rs 12 Arba with Rs 1.63 Arba in reserve and surplus.  The per share earnings (EPS) and net worth per share are Rs 7.06 and Rs 114 respectively.

Related: Financial Analysis of Commercial Banks of Nepal [With Ranking]

The report of the fiscal year 2076/77 of Nepal Infrastructure Bank (NIFRA) is summarized in the table below:

Nepal Infrastructure Bank (NIFRA) Report Summary,  FY 2076/77

Headings 4th Qtr, F.Y. 2076/77 4th Qtr, F.Y. 2075/76 Percent Change
Paid up capital(Rs.’Arba’) 12 12 0.00
Reserve and Surplus(Rs.’Arba’) 1.63 0.79 106.33
Net Interest Income(Rs.’Arba’) 1.23 1.13 8.85
Operating Profit (Rs.’Arba’) 1.1 0.96 14.58
Net Profit (Rs.’Arba’) 0.85 0.67 26.87
Distributable Profit (Rs.’Arba’) 0.85 0.67 26.87
Cost of funds(%) 9.4 9.34 0.64
Earnings Per Share, EPS(Rs.) 7.06 6.11 15.55
Networth Per Share ( Rs.) 114.00 107.00 6.54

Note:

The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

Note: If you want to see the reports of other companies, Click Here.

About Nepal Infrastructure Bank (NIFRA)

Nepal Infrastructure Bank Limited (NIFRA) is a National Level Infrastructure Development Bank. Its main objective is to accelerate the development of infrastructure of the nation by Investing in sustainable infrastructure and other productive sectors.

The Bank obtained the operating license from Nepal Rastra Bank on February 11, 2019 (Magh 28, 2075). It started its commercial operation from March 6, 2019 (Falgun 22, 2075).

The major promoters of the Nepal Infrastructure Bank Limited (NIFRA) include Banks and Financial Institutions (BFIs), Life and Non-life Insurance companies and other private sector leading entities and team of entrepreneurs in joint participation with the Government of Nepal (GoN).

Mr. Anuj Agrawal is the chairman of the bank. Likewise, Mr. Anil Gyawali leads NIFRA as its Chief Executive Officer (CEO).

 

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