Nepal Infrastructure Bank Limited (NIFRA) has released its unaudited financial statements for the first two quarters of FY 2082/83, showing a net profit of Rs 40.99 crore, down 36.10% from Rs 64.19 crore recorded in the same period last year. The decline in profit was mainly driven by a fall in net interest income and operating profit.
During the review period, net interest income fell by 29.09% to Rs 74.07 crore, while net fee and commission income increased by 4.51% to Rs 1.51 crore. Total operating income decreased by 28.62% to Rs 75.59 crore, with operating profit dropping 36.04% to Rs 58.65 crore.
The bank’s distributable profit declined by 33.37% to Rs 34.78 crore during the period. NIFRA mobilized Rs 8.11 billion in deposits and disbursed Rs 27.41 billion in loans in the first half of the fiscal year.
The bank’s paid-up capital stands at Rs 21.60 billion, with a reserve fund of Rs 3.1857 billion. Earnings per share (EPS) decreased by Rs 2.15 to Rs 3.80, while net worth per share is Rs 114.75. The price-to-earnings (P/E) ratio remains at 68.46x.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
