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)