Kathmandu. Himalayan Bank last fiscal year 2081. Financial statements for the fourth quarter of 82 have been made public.
According to the financial statement, the bank earned a profit of Rs 1.51 billion in the last fiscal year. The previous fiscal year 2080. The bank had posted a net profit of Rs 1.23 billion in 2017-19. In this way, the bank’s profit has increased by 22.15 percent compared to the previous year.
In the review year, the bank’s distributable profit stood at Rs 7.10 billion. In the previous fiscal year, the bank’s net profit stood at Rs 7.44 billion.
In the review year, the operating profit of the bank increased to Rs 5.43 billion. In the previous fiscal year, the operating profit was Rs 2.88 billion. The operating profit of the bank also increased by 88.41 percent.
In the fourth quarter of the last fiscal year, the bank earned Rs 10.45 billion in interest income. In the same period last year, the bank had earned Rs 11.61 billion in interest income. Interest income increased by 9.99 percent.
With a paid-up capital of Rs 21.65 billion, the bank’s retind earnings stood at Rs 7.10 billion and reserves at Rs 23.35 billion. In the previous fiscal year, the retained earnings stood at Rs 7.44 billion, while the reserve was Rs 22.40 billion.
In the review year, the bank collected deposits of Rs 309.15 billion and invested Rs 232.85 billion in loans. In the previous fiscal year, the bank collected deposits of Rs 293.89 billion and invested Rs 230.23 billion in loans.
In the review year, the bank’s bad loan ratio (NPL) increased to 7.28 percent. In the same period last year, the bank’s NPL was 4.98 percent.
The bank’s annualised earnings per share (EPS) increased to Rs 6.98. Last year, the EPS was Rs 5.72. The bank has a net worth of Rs 175.07 per share with a PE ratio of 33.98 times.
