Kathmandu. NIC Asia Bank in the last fiscal year 2082. The financial statements for the first quarter of 83 years (July-September) have been made public.
According to the financial report, NIC Asia Bank has earned a net profit of Rs 12.21 crore in the first three months of the current FY. Previous fiscal year 2081. The bank had posted a net profit of Rs 11.05 crore in the first quarter of FY. The profit of the bank increased by 10.53 percent compared to the previous year.
During the review period, the bank’s distributable profit stood at Rs 6.24 billion. In the previous year, the distributable profit was negative by Rs 2.21 billion.
The bank’s operating profit stood at Rs 19.35 crore as of mid-September of the current fiscal year. Operating profit was Rs 17.38 crore in the same period a year ago. The operating profit of the bank has also increased by 11.31 percent.
The bank has earned Rs 2.28 billion in interest till mid-October. The bank had posted a net profit of Rs 2.55 billion in the same period last year. Interest income decreased by 10.44 percent in the review period compared to the previous year.
The bank’s paid-up capital stood at Rs 14.91 billion with a rated earnings of Rs 6.24 billion and reserve capital of Rs 20.97 billion. In the previous year, the retained earnings were negative by Rs 5.21 billion and the reserves were Rs 19.81 billion.
During the review period, the bank collected deposit of Rs 337.31 billion and extended loans of Rs 212.22 billion. The bank had collected deposit of Rs 319.06 billion and extended loan of Rs 224.12 billion till mid-July of the previous year.
The non-performing assets ratio (NPL) of the bank has decreased to 1.74 percent in the current fiscal year. The NPL of the bank was 2.08 percent in the same period of the previous year.
In the first quarter of the current FY, the bank’s annual earnings per share (EPS) has increased to Rs 3.21. EPS was Rs. 2.91 in the same period a year ago. The bank has a P/E ratio of 97.73 times and a net worth per share of Rs 198.74.
