Nepal Investment Bank profit plunges by 20% in Q1
November 15, 2019 | Investopaper
Nepal Investment Bank has reported a fall in net profit by almost 20 percent in the first quarter of the fiscal year 2076/77. The bank earned a net profit of Rs. 84.44 crores which stood at Rs. 105.47 crores in the corresponding period of the previous year. The fall in profit is mainly due to decline in the net interest income as well as huge increment in the provision for non-performing loans. The NPL of the bank has inclined to 2.84 percent from 1.21 percent.
Until the first quarter, Nepal Investment Bank has a total deposit collection of Rs. 151.29 Arba. The bank has floated the loans of Rs. 130.04 Arba. With capital of Rs. 12.87 Arba, the total reserve and surplus stand at Rs. 13.44 Arba.
The bank has an EPS of Rs. 26.25 and per share net worth of Rs. 204.44.
The first quarter report of Nepal Invesment Bank is summarized in the table below:
Nepal Investment Bank First Quarter Report, 2076/77
| HEADINGS | 1st QTR, 2076/77 | 4th QTR, 2075/76 | PERCENT CHANGE |
| PAID UP CAPITAL (Rs. In Arba) | 12.87 | 12.87 | 0.00 |
| RESERVE & SURPLUS (Rs. In Arba) | 13.44 | 12.71 | 5.74 |
| DEPOSITS (Rs. In Arba) | 151.29 | 149.39 | 1.27 |
| LOANS (Rs. In Arba) | 130.04 | 122.87 | 5.84 |
| HEADINGS | 1st QTR, 2076/77 | 1st QTR, 2075/76 | PERCENT CHANGE |
| NET INTEREST INCOME (Rs. In Arba) | 1.53 | 1.59 | -3.77 |
| PROFIT (Rs. In Arba) | 0.84 | 1.05 | -20.00 |
| DISTRIBUTABLE PROFIT (Rs. In Arba) | 42.38 | – | |
| NON PERFORMING LOANS, NPL (%) | 2.84 | 1.21 | 134.71 |
| BASE RATE(%) | 8.48 | 9.03 | -6.09 |
| EARNINGS PER SHARE, EPS (Rs.) | 26.25 | ||
| NETWORTH PER SHARE (Rs.) | 204.44 | ||
| MARKET PRICE PER SHARE (Rs.) [Ashwin 30, 2076] | 443 | ||
| P/E RATIO | 16.88 |
