Nepal Infrastructure Bank (NIFRA) earned 1 billion profit

Jul Fri 2022 03:39:25

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Nepal Infrastructure Bank (NIFRA) earned 1 billion profit

Kathmandu. In the last fiscal year 2078/079, Nepal Infrastructure Bank (NIFRA) has earned more than one billion profit. According to the unrevised financial statement of the last financial year published by the bank, the bank has earned a profit of 1 billion 26 million rupees. Which has increased by 22.53 percent compared to the previous financial year 2077/078. In the year 2077/078, the bank earned a profit of Rs 83 crore 74 lakh.

The bank, which had a paid-up capital of 20 billion in the previous year, increased its capital to 21.6 billion rupees by giving 8 percent bonus shares in the last year, but due to the increase in the bank's profit, the share income has increased.

Earnings per share of the bank increased to Rs 4.75 paisa in the previous year. Along with loan expansion, the bank's net interest income has increased by 41.20 percent during this period. The bank, which had net interest income of 1 billion 33 million 29 million in the previous year, has earned 1 billion 88 million 63 million of net interest in the last year.

On the other hand, the bank's provision for possible loan losses has been increased. The bank, which had made a provision of 168 million in the previous year, has made a provision of 1341 million in the last year. Due to the increase in income, the operating expenses increased, but the profit of the bank increased. The bank's operating profit increased by 23.14 percent and reached one billion 465 million.