Nepal Infrastructure Banks Earns 67 Mns in 4 Months

Aug 05, 2019 11:57 AM Merolagani

Nepal Infrastructure Bank has earned a net profit of Rs 670.1 million in the fourth quarter of the last FY. The bank earned the net profit in just four months of operation.

The bank with Rs 12 billion in paid-up capital has reserve fund of Rs 789.8 million. During the period, the bank collected deposit of Rs 200 million and extended loan of Rs 78.6 million. Similarly, the bank invested Rs 122.7 million in various securities.

The bank earned Rs 1.13 billion in interest income and spent Rs 2.3 million in interest expenses earning Rs 1.13 billion in net interest income. The bank logged EPS of Rs 6.11 and cost of fund of 9.34 percent.

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