Nepal Infrastructure Bank’s Q3 Profit Declines By 28.5% Despite Loan Growth
Summary
Nepal Infrastructure Bank reported a 28.5% decrease in net profit for Q3 FY 2082/83 despite a 16.5% increase in loans and advances. Deposits remained stable while key financial metrics such as net interest income and capital adequacy ratio declined.
Key Points
- Nepal Infrastructure Bank's net profit declined by 28.53% to Rs. 64.33 Crores in Q3 FY 2082/83 compared to the previous year.
- Loans and advances increased by 16.51% to Rs. 28.54 Arba, even as net interest income fell by 27.03%.
- Capital adequacy ratio decreased to 71.83% from 77.71%, while cost of funds declined slightly to 6.38%.
- Earnings per share dropped to Rs. 3.97 from Rs. 5.56, with market price at Rs. 251.2 and PE ratio of 63.26 times at quarter-end.
