NIBL’s Profit Exceeds Rs 2 billion

May 3: Nepal Investment Bank (NIBL) has earned Rs 2.37 billion net profit by the third quarter of the current FY. The net profit of the bank increased by nearly 27 percent compared to corresponding period of the last FY. The bank has been able to recover Rs 205.4 million bad debts during the review period.

 Similarly, operating profit of the bank has increased by 41 percent by the third quarter of the current FY. During the period, paid-up capital of the bank increased by 20 percent to Rs 8.74 billion and its reserve fund amounted to Rs 9.95 billion. By the third quarter, investment of the bank has increased by 17 percent to Rs 25.36 billion. The bank earned Rs 11.66 billion through foreign currency exchange.

 According to the financial report of the third quarter, the bank earned interest income and operating profit of Rs 3.47 billion and 3.45 billion respectively.  The bank has earning per share (EPS) of Rs 36.24, P/E ratio of 21.24 and net worth per share of Rs 213.86.