NIFRA Logs Decline in Profit

Jan 20, 2025 01:01 PM Merolagani



Nepal Infrastructure Bank (NIFRA) has published its second quarter report of the current FY. As per the report, the bank recorded decrease in net profit during the period.

In the review period, the bank earned net profit of Rs 641.6 million. The profit declined by 6.96 percent compared to Rs 689.9 million of the corresponding period of the last FY.

Decrease in net interest income pulled down its net profit during the period.

In the review period, its net interest income decreased by 23.33 percent and net fee and commission income increase by 158.65 percent. Similarly, its total operating income decreased by 22.58 percent and operating profit by 6.94 percent.

Along with net profit, its EPS decreased by 0.45 to Rs 5.94. The bank has net worth per share of Rs 116.54 and P/E ratio of 41.28 times. The bank has distributable profit of Rs 522.1 million.

The bank with Rs 21.60 billion in paid-up capital has reserve fund of Rs 3.57 billion.




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