Net profit of Himalayan Bank raised by 36% in second quarter

Kathmandu February 8- in the second quarter of current FY, Himalayan Bank's net profit has increased by 36.08% to Rs. 802.2 million from Rs. 589.5 million in the corresponding period of last FY.

Deposit of the bank has increased by 21.05% to 81 billion 137.7 million which was Rs. 67 billion 25.5 million last year. Loan and advance of the bank has also increased by 11.43% to Rs. 58 billion 997 million. Net interest income of the bank has boosted by 23.80% to Rs. 1 billion 555.4 million. Similarly, operating profit of the bank has grown by 37.66% to Rs. 1 billion 261.7 million. Bank has balance of Rs. 8.4 million in its provision

Bank has EPS of Rs. 35.66, P/E ratio of 26.36 times, net worth per share of Rs. 172.50 and liquidity ratio of 32.21%. Bad debt of the bank has increased by 1.04% to 3.16% in the review period while risky asset has also increased by 0.2% to 11.26%.

 

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