Nepal Infrastructure Bank Logs Net Profit of 596Mn

May 04, 2020 11:46 AM Merolagani

Nepal Infrastructure Bank has earned a net profit of Rs 596.4 million in the third quarter of the current FY compared to Rs 496.7 million of the corresponding period of the last FY. The net profit increased by Rs 99.6 million compared to the review period of the last FY.

The bank that is opting to issue IPO of Rs 8 billion has paid-up capital of Rs 12 billion and reserve fund of Rs 1.49 billion.

In the review period, the bank collected deposit of Rs 250 million and extended loan of Rs 582.9 million. During the period, it earned Rs 927.6 million in net interest income.  The net interest increased by Rs 103.1 million during the period.

In the review period of the last FY, the bank earned a net interest income of Rs 824.5 million. The bank earned operating profit of Rs 850.9 million.

By the period, the bank has distributable profit of Rs 596.4 million and EPS of Rs 66.3 million.

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