Nepal Infrastructure Bank Limited (NIFRA) has published its unaudited financial report for the third quarter of the current fiscal year, showing a significant decline in profitability. The bank’s net profit has decreased by 28.54 percent, falling to Rs. 64.33 crore compared to Rs. 90.74 crore in the same period of the previous fiscal year.
The decline in profit is mainly attributed to a contraction in net interest income and operating profit during the review period. Net interest income fell by 27.03 percent to Rs. 1.08 arba, while total operating income declined to Rs. 1.10 arba. Similarly, operating profit decreased from Rs. 1.28 arba to Rs. 92.02 crore.
During the review period, the bank collected deposits worth Rs. 7.80 arba and extended loans amounting to Rs. 28.54 arba.
With a paid-up capital of Rs. 21.60 arba, NIFRA has maintained a reserve fund of Rs. 3.42 arba. The bank’s earnings per share (EPS) declined by Rs. 1.59 to Rs. 3.97, while its net worth per share stood at Rs. 115.84.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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