Himalayan Bank earned 2.48 billion net profit

Aug Wed 2022 02:48:54

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Himalayan Bank earned 2.48 billion net profit

Kathmandu. Himalayan Bank has earned a net profit of 2 billion 48 crore 21 lakh rupees. The bank has earned net profit in the fourth quarter of last financial year. However, it has decreased compared to the same period of the previous financial year of the bank. It has decreased by 17.22 percent compared to the same period of the previous financial year. In the same period of the previous financial year, the bank had earned a net profit of Rs 2.99 billion.

During the review period, the bank's net interest income increased by 35.25 percent, fee and commission income by 31.05 percent. Total operating income decreased by 8.28 percent and operating profit by 17.81 percent.

With the decrease in profit, the earnings per share of the bank decreased by 8 rupees 93 paisa to 19 rupees 14 paisa. During that period, the bank's price-to-earnings ratio was 15.63 times and the net worth per share was 170 rupees 50 paisa.