Kathmandu. Nepal Investment Bank and Himalayan Bank are among the banks that have not been unified even after the merger. After the merger, Himalayan bank acquired Civil Bank and Nepal Investment Bank merged with Mega Bank.
Both the banks last fiscal year 2081. A comparative study conducted by Insurance Khabar based on key financial indicators between the two banks when the financial statements of the fourth quarter of 82 were made public:
TAG_OPEN_strong_48 Nepal Investment Mega Bank has TAG_CLOSE_strong_48 a paid-up capital of Rs 34.12 billion while Himalayan Bank has TAG_CLOSE_span_37 a paid-up capital of Rs 21.65 billion.
TAG_OPEN_strong_47 Nepal Investment Mega Bank has TAG_CLOSE_span_36 TAG_CLOSE_strong_47 a reserve fund of Rs 32.74 billion while Himalayan Bank has a reserve fund of Rs 23.35 billion.
TAG_OPEN_strong_46 Nepal Investment Mega Bank collected deposit TAG_CLOSE_span_35 TAG_CLOSE_strong_46 s of Rs 472 billion and disbursed loans worth Rs 326 billion while Himalayan Bank collected Deposits of Rs 309 billion and disbursed Rs 232 billion.
TAG_OPEN_strong_45 Nepal Investment Mega Bank earned Rs 14.12 billion in net interest income TAG_CLOSE_strong_45, whil TAG_CLOSE_span_34 e Himalayan Bank earned Rs 10.45 billion in net interest income.
Operating profit: Nepal Investment Mega Bank has made an operating profit of Rs 10.14 billion, while Himalayan Bank has made an operating profit of Rs 5.43 billion.
Net profit: Nepal Investment Mega Bank has a net profit of Rs 6.75 billion, while Himalayan Bank has made a net profit of Rs 1.51 billion.
Distributable profit: Nepal Investment Mega Bank has a distributable profit of Rs 490 million, while Himalayan Bank has a distributable loss of Rs 7.10 billion.
Book value: Nepal Investment Mega Bank’s book price is Rs 197.38 and Himalayan Bank’s book value is Rs 175.07.
TAG_OPEN_strong_40 Nepal Investment Mega Bank has an annual per share income of Rs 19.80 while Himalayan Bank has an annual earnings of Rs 6.98 per share based on the financial statements .
Bad loans: Nepal Investment Mega Bank’s bad loans are 5.85 percent, while Himalayan Bank’s bad loans are 7.28 percent.
(Note: The analysis based on available data is not complete.) Take a decision after further research. The above news is not for stock trading purposes. ’
