Nepal Investment Bank to acquire Jebil’s Finance
March 11, 2019 | Investopaper
Jebil’s Finance has informed Nepal Stock Exchange about its acquisition agreement with Nepal Investment Bank. The mutual agreement between Nepal Investment Bank and Jebil’s Finance was signed on Falgun 26,2075.
Previously, Nepal Investment acquired Ace Development Bank.
As of unaudited second quarter of F.Y. 2075/76, Nepal Investment Bank has paid up capital of Rs. 12.62 Arab, and reserve & surplus of Rs. 11.98 Arab. The bank has a deposit collection of Rs. 142.11 Arab. The loans & advances stand at Rs. 127.42 Arab till the 2nd quarter. The net interest income and net profit are Rs. 3.31 Arab and Rs. 1.99 Arab. The free profit after regulatory adjustment stands at Rs. 1.73 Arab. The non-performing loans stand at 2.04%. Also, the Earnings Per Share (EPS) is Rs. 33.99 as of 2nd quarter 2075/76. The base rate stands at 8.96%.
Likewise, Jebil’s Finance has Rs. 80.38 crores capital and Rs. 7.68 crores as a reserve. The deposits and loans stand at Rs. 1.08 arab and Rs. 1.30 arab respectively. The company made a net profit of Rs. 90.68 lakhs till the second quarter.
