20% increment in net profit of Himalayan bank

Kathmandu November 19- Himalayan Bank succeeded to earn Rs. 322.7 million net profit in the first quarter of current FY which is 20.16% growth than the corresponding quarter of last FY.

Deposit of bank has increased by 12.50% to Rs. 77 billion 529.9 million which was Rs. 68 billion 912.4 million last year. Lending of the bank has also increased by 13.74% to Rs. 57 billion 494.7 million which was Rs. 50 billion 548.6 million last year. Similarly, net interest income has increased by 18.10% to Rs. 697.2 million which was Rs. 590.3 million last year. Operating profit of the bank has increased by 22.03% to 506.4 million which was 415 million last year. Bank has Rs. 88.3 million in its provision fund.

According to the first quarter financial report, EPS of the bank is Rs. 38.74, P/E ratio is 32.27 times, net worth per share is Rs. 225.60 and liquidity ratio is 31.32%. in the first quarter of current fiscal year, bad debt has increased by 1.17% to 3.35% which was 2.18% last year. Similarly, Risky assets have increased by 0.06% to 11.09% from 11.03%.