Nepal Infrastructure Bank Limited (NIFRA) has reported a 13.86% decline in net profit, totaling NPR 1.14 arba in its unaudited Q4 financial report for FY2080/81.
Nepal Infrastructure Bank Limited has published its unaudited financial report for the fourth quarter of fiscal year 2080/81. According to the report, the bank’s net profit declined by 13.86%, falling to NPR 1 arba 14 crore 55 lakh. During the same period in the previous year, the bank had earned a net profit of NPR 1 arba 32 crore 98 lakh. The decline in profit is mainly attributed to a significant drop in net interest income.
Net interest income fell by 25.51%, limiting it to NPR 1 arba 90 crore, while total operating income also declined by 25.03%, reaching NPR 1 arba 92 crore. On the other hand, income from fees and commissions rose significantly by 79.73%, reaching NPR 2 crore. A notable improvement was seen in impairment charges, which dropped from NPR 31 crore in the previous year to a negative NPR 4 crore, positively impacting profitability.
Despite these mixed results, the bank’s operating profit stood at NPR 1 arba 64 crore, reflecting a 13.69% decline compared to the previous fiscal year. Interestingly, the bank’s distributable profit increased significantly by 76.67%, reaching NPR 1 arba 17 crore 61 lakh, up from NPR 66 crore 79 lakh last year.
As of the end of the fiscal year, the bank’s paid-up capital was reported at NPR 21 arba 60 crore, while its reserve fund stood at NPR 4 arba 7 crore 71 lakh. The bank’s earnings per share (EPS) declined by 86 paisa, settling at NPR 5.30, whereas the net worth per share increased by 5.06%, reaching NPR 118.88.
In terms of banking operations, the bank saw a significant rise in deposit collection, which increased by 826.65% to NPR 7 arba 69 crore. Similarly, total loan disbursement rose by 18.90%, amounting to NPR 24 arba 81 crore.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
