Investment Bank earned 420 million net profits in first quarter

Kathmandu November 10- With the paid up capital of Rs. 6 billion 340 million paid up capital, net profit of Investment Bank has decreased by 13.74% to Rs. 423.8 million which was Rs. 491.3 million in the corresponding quarter of last FY.

Deposit collection of Investment Bank has increased by 27.97% to Rs. 95 billion 902.7 million from Rs. 74 billion 941.2 million last year. Loan and advance of the bank has increased by 23.89% to Rs. 74 billion 110.8 million which was Rs. 59 billion 818.1 million last year. Similarly, net interest income of bank has decreased by 7.94% to Rs. 648.5 million which was Rs. 704.4 million last year. Operating profit of the bank has increased by 7.17% to Rs. 577.3 million from 538.7 million last year.

According to the first quarter financial statement, EPS of the bank (annual) is Rs. 26.72, P/E ratio is 38.67 times, net worth per share is Rs. 161.22 and liquidity ratio is 35.06%.  Bad debt of the bank has decreased by 0.48% to 1.07% and risky assets have decreased by 0.69% to 11.31%.