Kathmandu. Kathmandu: Nepal Investment Mega Bank Limited (NIBL) has posted a net profit of Rs 4.54 billion in the third quarter of the current fiscal year 2019/20. The bank had posted a net profit of Rs 3.27 billion in the last fiscal year. Net profit has increased by 38.61 percent.
Net interest income decreased by 6.50 percent. Last year, the net interest income was Rs 11.03 billion, which is now Rs 10.31 billion. The operating profit was Rs 6.61 billion as against Rs 5.4 billion last year.
Earnings per share increased from Rs 12.80 to Rs 17.74. The distributable profit is Rs 1.10 billion.
The company has raised Rs 455 billion in deposits and has given loans of Rs 327 billion. The company’s bad loans have increased to 6.06 percent. Last year, bad loans stood at 4.66 per cent. Net worth per share of the company is Rs. It is 190.
