Second quarter performance of NIC Asia, Everest Bank and Lumbini bank

Kathmandu February 12- Operating with Rs. 3 billion 6.9 million paid up capital, net profit of NIC Asia Bank has increased by 39.22% to Rs. 502 million in the second quarter of current FY which was Rs. 360.6 million in the corresponding period of previous FY.

Bank has balance of Rs. 2 billion 305.8 in reserve fund. Deposit of the bank has increased by 21.26% to Rs. 58 billion 318.3 million from Rs. 48 billion 92.2 million of last year. Bank's loan and advance has increased by 17.42% to Rs. 46 billion 271.5 million from Rs. 39 billion 405.3 million of last year. Similarly, net interest income of the bank has increased by 3.19% to Rs. 841.1 million and operating profit has boosted by 28.66% to Rs. 615.9 million. Bank has balance of Rs. 53.2 million in its provision and has recovered Rs. 174.7 million bad debt.

EPS of the bank is Rs. 27.18, P/E ratio is 25.94 times, net worth per share is 162.40 and liquidity ratio is 28.94%. Bank has bad debt of 1.40% and risky asset of 12.44%.

Similarly, Operating with Rs. 2 billion 742.6 million paid up capital, net profit of Everest Bank has decreased by 2.33% to Rs. 753.7million in the second quarter of current FY which was Rs. 771.2 million in the corresponding period of previous FY.

Deposit of the bank has increased by 8.60% to Rs. 76 billion 45.7 million from Rs. 70 billion 19.7 million of last year. Bank's loan and advance has increased by 0.61% to Rs. 55 billion 40.2 million from Rs. 54billion 701.7 million of last year. Similarly, net interest income of the bank has increased by 4.77% to Rs. 1 billion 448.2 million and operating profit has declined by 0.73% to Rs. 1 billion 173.9 million. Bank has balance of Rs. 31.9 million in its provision and has recovered Rs. 52.6 million bad debt.

EPS of the bank is Rs. 57.48, P/E ratio is 39.86 times and net worth per share is 2.86

Likewise, operating with Rs. 2 billion paid up capital, net profit of Lumbini bank has increased by 6.47% to Rs. 181.4 million in the second quarter of current FY which was Rs. 170 million in the corresponding period of previous FY.

Bank has balance of Rs. 1 billion 71.1 in reserve fund. Deposit of the bank has increased by 18.90% to Rs. 20billion 849.1 million from Rs. 17 billion 53.4 million of last year. Bank's loan and advance has increased by 18.07% to Rs18 billion 486.3 million from Rs. 15 billion 656.7 million of last year. Similarly, net interest income of the bank has increased by 4.43% to Rs. 353.9 million and operating profit has declined by 0.47%  to Rs211.7 million. Bank has balance of Rs. 91.7 million in its provision and has recovered Rs. 67.9 million bad debt.

EPS of the bank is Rs. 18.14, P/E ratio is 22.11 times, net worth per share is 153.53 and liquidity ratio is 23.96%. Bank has bad debt of 0.91% and risky asset of 14.76%.