Himalayan Bank's profit Increased by 8.11 percent

Apr Wed 2022 02:37:36

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Himalayan Bank's  profit Increased by 8.11 percent

Kathmandu. Himalayan Bank's net profit has increased by 8.11 percent till the third quarter of the current fiscal year. As per the unrevised financial statement up to the third quarter of the current fiscal year, the net profit of the bank is Rs. 1.39 billion. This is 8.11 percent more than the corresponding period of the previous fiscal year.

The bank had earned a net profit of Rs 1.28 billion in the corresponding period of the previous fiscal year. The bank has disbursed loans of Rs 150.41 billion and collected a total of Rs 165.31 billion in deposits during the period. Both loans and deposits have increased compared to the same period last year.

Similarly, net interest income of the bank increased by 24.01 percent during the review period. The bank's earnings per share (EPS) has declined due to inability to increase net profit as compared to paid-up capital.

The bank's EPS has decreased by Rs 1.75 to Rs 14.31. The bank has a net worth of Rs 161.96 per share and a price-to-earnings ratio of 33.83 times.