Kathmandu. Nepal Infrastructure Bank (NIFRA) has issued a financial year 2082 (2082). The financial statements for the first quarter of 83 years (July-September) have been made public.
According to the financial report, NIFRA has earned a net profit of Rs 20.85 crore in the first three months of the current FY. Previous fiscal year 2081. The bank had posted a net profit of Rs 35.09 crore in the first quarter of the current fiscal year. The profit of the bank decreased by 40.57 percent compared to the previous year.
The bank’s operating profit stood at Rs 29.83 crore in the current fiscal year. Operating profit was Rs 50.12 crore in the same period a year ago. The operating profit of the bank has also decreased by 40.49 percent.
The bank has earned Rs 37.30 crore in interest till mid-September. The bank had posted a net profit of Rs 56.26 crore in the same period last year. Interest income decreased by 33.69 percent in the review period compared to the previous year.
The bank has a paid-up capital of Rs 21.60 billion with reserve and surplus of Rs 4.31 billion. The reserves and surplus stood at Rs 4.16 billion as of mid-July last year.
During the review period, the bank collected deposit of Rs 7.81 billion and extended loan of Rs 26.18 billion. In the review period of the previous year, the bank collected deposit of Rs 7.68 billion and extended loan of Rs 24.94 billion.
As of the first quarter of the current FY, the bank has an annual earnings per share (EPS) of Rs 3.86 and a net worth of Rs 119.97 with a P/E ratio of 68.46 times.
