Nepal Investment Bank's net profit increased by 50.69 percent

Aug Fri 2021 09:37:19

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Nepal Investment Bank's net profit increased by 50.69 percent

Nepal Investment Bank Limited has made a net profit of 50.69 percent more than the previous year till the fourth quarter of the last fiscal year. As per the financial statement of the public bank on Friday, Rs. The bank had made a net profit of over Rs. 2.42 billion last year. It has made a profit of more than Rs 3.65 billion. The bank's operating profit also increased by 49.5 percent to Rs. 5.25 billion.

The bank's net interest income has declined by 3.20 percent last year. The increase in the imperment charge of the bank last year as compared to the previous year has also helped to increase the net profit along with the operating profit. Last year, Rs. The bank, which has an imperment charge of over Rs. It is only 377.91 million.

Compared to the previous year, the bank's distributable profit increased by 205.55 percent to Rs. 1 billion 999.33 million. 14.09 percent increase in working capital to Rs. 16.25 billion, the reserve fund of the bank increased by 23.87 percent to Rs. 16.97 billion 48 thousand has been established.

The bank has collected 5 percent more deposits and 16.15 percent more loans last year than the previous year. Non-performing loans, which stood at 2.91 percent in the previous year, have dropped to 2.46 percent last year, while the bank's earnings per share stood at Rs. 22.46 and a net worth of Rs. It is 5.45.