NIC Asia Bank Reports Deposit Collection of Rs 381.26 Arba (Q2 Report)
January 21, 2024 | Investopaper
NIC Asia Bank Limited (NICA) has reported a 42 percent decrement in profit until the second quarter of the current fiscal year 2080/81. The bank has posted a net profit of Rs 1.9 Arba in the first six months, down from Rs 3.27 Arba of the corresponding period of the previous fiscal year.
As of Poush end 2080 BS, NIC Asia Bank has a paid-up capital of Rs 14.91 Arba with the reserve and surplus of Rs 15.67 Arba. The bank has amassed Rs 381.26 Arba as deposits from customers. Likewise, it has floated Rs 293.8 Arba as loans and advances to the customers.
The bank has reported a 10 percent decrease in the net interest income. Such income has dropped to Rs 5.54 Arba in the six months period. The NPL of the bank has inclined to 1.19 percent while the base rate has declined to 9.68 percent.
The annualized Earnings Per Share (EPS) and per share net-worth stood at Rs 25.59 and Rs 205.1 respectively.
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The table below presents the summarized version of the unaudited second quarterly report published by NIC Asia Bank.
NIC Asia Bank (NICA): Second Quarterly (Q2) Report Summary, FY 2080/81
| Financial Indicators | Q2, F.Y. 2080/81 | Q4, F.Y. 2079/80 | Percent Change |
| Paid up capital (Rs.’Arba’) | 14.91 | 11.56 | 28.98 |
| Reserve and Surplus (Rs.’Arba’) | 15.67 | 17.82 | -12.07 |
| Deposits From Customers (Rs.’Arba’) | 381.26 | 311.36 | 22.45 |
| Loans & Advances To Customers (Rs.’Arba’) | 293.8 | 261.77 | 12.24 |
| Financial Indicators | Q2, F.Y. 2080/81 | Q2, F.Y. 2079/80 | Percent Change |
| Net Interest Income (Rs.’Arba’) | 5.54 | 6.16 | -10.06 |
| Impairment Charges (Rs.’Arba’) | 0.48 | -0.47 | -202.13 |
| Operating Profit (Rs.’Arba’) | 3.56 | 4.69 | -24.09 |
| Net Profit (Rs.’Arba’) | 1.9 | 3.27 | -41.90 |
| Distributable Profit (Rs.’Arba’) | -0.59 | – | – |
| Non Performing Loans, NPL(%) | 1.19 | 0.61 | 95.08 |
| Base rate(%) | 9.68 | 11.02 | -12.16 |
| Earnings Per Share, EPS(Rs.) | 25.59 | ||
| Networth Per Share ( Rs.) | 205.1 | ||
| Market Price Per Share (Rs.) [Poush end, 2080 B.S.] | 511.2 | ||
| P/E Ratio | 19.98 |
Source: Unaudited Q2 Report, FY 2080/81
Note:
The above figures are based on the unaudited second-quarter 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.
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