Nepal Investment Mega Bank Posts 64% Surge in Net Profit to Rs. 6.75 Arba in Q4; Distributable Profit at Rs. 49.13 Crores
Summary
Nepal Investment Mega Bank Limited reported a 64% increase in net profit to Rs. 6.75 Arba in Q4 FY 2081/82, with deposits and loans growing and capital adequacy improving.
Key Points
- Nepal Investment Mega Bank's net profit increased by 64.44% to Rs. 6.76 Arba in Q4 FY 2081/82.
- Operating profit surged by 58.67% to Rs. 10.14 Arba, helped by an 88.76% drop in impairment charges.
- Deposits rose by 17.09% to Rs. 472.35 Arba, and loans and advances grew by 7.02% to Rs. 326.93 Arba.
- The bank improved its capital adequacy ratio to 13.73% and maintained a net worth per share increase to Rs. 197.38.
