Nepal Investment Mega Bank’s Profit Increased by 33 Percent, how About other Indicators?

Nepal Investment Mega Bank has earned a net profit of 1 billion 52 crore 22 lakh rupees till the first quarter of the current financial year.

This is 33.47 percent more than the same period last year. Last year it made a profit of 1.145 billion rupees. Its profit has increased due to the increase in net interest income.

In addition to that, the operating profit of this bank has also increased. Up to the review period, this bank has earned a net interest income of 4.16 billion rupees. This is 95.40 percent more than last year. Last year, its net interest income was 2.12 billion 95 million rupees. Similarly, operating profit increased by 59.90 percent to 2.6 billion 54 lakh.

Last year, the profit was more than 1 billion 62 million 93 million. This bank has set aside 646 million rupees for impairment charges. Last year, 28 crore 16 lakh rupees were allotted under this title.

Due to the increase in bad loans, its impairment charge has also increased. Currently, the paid-up capital of this bank is 34 billion 128 million rupees. Its reserve fund has a total of 25 billion 89 million 38 million rupees. On the other hand, the bank’s NPL has increased to 4.83 percent.

Last year it was 1.57 percent. Its earnings per share decreased from 24 rupees 92 paise to 17 rupees 84 paise in 2019. Similarly, the net worth per share has also decreased by 18 rupees 95 paisa to 173 rupees 37 paisa. Its distributable profit is negative.