Nepal Investment Bank publishes a lucrative balance sheet; Net profit approx. Rs 2 arba

Nepal Investment Bank Ltd. has published the report for the 2nd quarter for the fiscal year 2074/75. The company has earned a gigantic net profit of Rs 1.83 arba, up from Rs 1.58 arba in the corresponding quarter of the previous fiscal year. This accounts for a growth of 15.5%.

A soaring growth is seen in both the interest income and interest expense of the company. The interest income has increased to Rs 6.42 arba, accounting a growth of  approx. 60%. Interest expense has increased by massive 121% to Rs 3.70 arba. The net interest income has increased by 15.6% to Rs 2.68 arba.

Staff expense has increased to Rs 38.34 crore, with a growth of 32%. 

The company's operating profit has surged to Rs 2.44 arab with a growth of 5.24%. 

Deposit collection has lifted to massive 1.29 kharba, up from 1.16 kharba showing a growth of 11.35%. Company's lending has increased by approx. 17.5% to Rs 1.13 kharba.  

The company's reserve has increased to Rs 9.91 arba, up from Rs 9.16 arba. Networth of Rs 193.28 has been recorded. 

Positive side:    

• Huge Deposit and Lending
• Huge net profit.
• Decent growth in net profit.
• High EPS of Rs 34.45.

Negative Side:

• Tight Capital Adequacy Ratio of 13.07%
• Rise in cost of fund.

 

(Figure In 000's)

---

Particulars	As of 2074/75	As of 2073/74	Percentage Change
Paid-up Capital	10,626,436	8,706,612	22.05
Reserve	9,911,933	9,166,107	8.13
Deposit	129,845,324	116,607,705	11.35
Net Interest Income	2,685,628	2,322,441	15.63
Operating Profit	2,446,440	2,324,489	5.24
Staff Expense	383,401	290,186	32.12
Net profit	1,830,485	1,584,968	15.50
Cost of Fund	6.21	3.53
EPS	34.45	36.41
Networth	193.28	205.28