Kathmandu. Nepal Infrastructure Bank (NIFRA) It has made public the unaudited financial statements up to the fourth quarter of 1982.
According to the financial statement, Nifra has earned a profit of Rs 1.14 billion till the review period. The previous fiscal year 2080. The bank had posted a net profit of Rs 1.32 billion in the same period of 2017-19. The profit has decreased by 13.85 percent compared to the previous year.
Nifra has earned a net operating income of Rs 1.96 billion till mid-June of the last fiscal year. In the same period last year, NIFRA had earned a net operating income of Rs 2.25 billion. Operating income decreased by 12.71 percent compared to the previous year.
Nifra’s net interest income has also come down to Rs 1.89 billion. In the same period last year, the net income was Rs 2.55 billion. Net interest income declined by 25.51 percent.
During the review period, NIFRA collected deposits of Rs 7.68 billion and invested Rs 24.80 billion in loans. In the same period last year, NIFRA had collected deposits of Rs 2.28 billion and invested Rs 20.86 billion in loans.
Nifra has a paid-up capital of Rs 21.60 billion and a reserve of Rs 4.07 billion. Last year, the reserve was Rs 2.92 billion. The size of the reserve has increased by 39.48 percent compared to the previous year.
Nifra’s annualised earnings per share declined to Rs 5.30 during the review period. In the same period last year, the earnings per share was Rs 6.16. Nifra has a net worth of Rs 118.88 per share with a PE ratio of 59.96 times.
