Himalayan Bank Earns Distributable Profit of Rs 2 Bn

Aug 15, 2019 11:22 AM Merolagani

Himalayan Bank has earned distributable profit of Rs 2.02 billion in the fourth quarter of the last FY. The bank can distribute 23 percent dividend through the distributable profit. Such distributable profit was Rs 2.47 billion in the previous FY.

Similarly, the bank increased its net profit by 51 percent to Rs 2.84 billion in the review period of the last FY compared to Rs 1.87 billion of the corresponding period of the last FY.

The bank with Rs 8.52 billion in paid-up capital has reserve fund of Rs 5.32 billion and shareholders fund of Rs 2.23 billion.

During the period, the bank collected deposit of Rs 109.39 billion and extended loan of Rs 92.82 billion. The bank earned net interest income of Rs 5.04 billion in the review period.

Himalayan Bank maintained non-performing loan of 1.12 percent,  EPS of Rs 33.41, net worth per share of Rs 188.76 and P/E ratio of 16.52 times.

 

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