Nepal Investment Bank : A stock worth Investing In ?

2018-04-25 09:16:22

शेयर गर्नुहोस :

High Earnings, Huge reserves, Lucrative Dividend, Good governance and management, Prioritizing shareholders, Continuous growth in business size and net profit are some of the few reasons that makes this bank a blue chip company.

With the 90.69 lakh units FPO at Rs 601, it further collected a huge reserve and soon became the first commercial bank to meet the capital requirement of 8 arba. Currently the bank has the highest paid up capital among commercial banks and is moving at its own pace.

As per the 3rd quarter report, the bank currently has a paid up capital of Rs 10.64 arba and gigantic reserve of Rs 10.91 arba. The per share net worth of the company is Rs 202.58. In term of deposits, NIB has collected a deposit of Rs 1.30 kharba and extended a loan of 1.18 kharba. The deposit records a YoY growth of 8.66% whereas the loan extension has increased by 16.59%. The company has a NPL of 0.76%.

The Bank has earned a Net Profit of massive 2.83 arba, which is 19.37% more then that earned in the previous year. The company's capital increased by around 21% in the review period, thus the company has successfully balanced the per share earnings. NIB has an astounding EPS of Rs 35.55. The primary source of income, Net Interest Income of the company surged by 18.41% , whereas a noticable increase is recorded in the income from fee, comission and discount.

The significant rise in Non-operating income and writeback of provision were the also the among reason for the profit growth.

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