NIFRA Logs Growth in Net Profit and EPS

Jan 20, 2023 10:57 AM Merolagani

Nepal Infrastructure Bank (NIFRA) has published its second quarter report of the current FY. As per the report, the bank has increased its net profit and EPS during the period compared to the corresponding period of the last FY.

The bank earned a net profit of Rs 766.1 million in the review period which is a growth of 73.09 percent compared to Rs 442.6 million of the corresponding period of the last FY.

Increase in net interest income, net fee and commission income, total operating income and operating profit can be attributed to the increase in net profit. In the review period, the net interest income of the bank increased by 60.88 percent, total operating income by 62.01 percent and operating profit by 73.09 percent.

During the period, it impairment charge declined to Rs 42.5 million.

Along with its net profit, its EPS has increased to Rs 7.09. The bank has P/E ratio of 32.14 times and net worth per share of Rs 107.73.

In the review period, the bank increased paid-up capital by 8 percent while its reserve fund by 41.30 percent. Similarly, its deposits increased by 71.12 percent and loan extensions by 143.63 percent.



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