NIC Asia’s distributable profit decreased by Rs 9 billion, non-performing loans also increased
Kathmandu. NIC Asia Bank’s distributable profit has decreased by Rs 15.39 billion till the first quarter of the current financial year. The distributable profit of NIC Asia has decreased by Rs 9.15 billion this year from Rs 6.24 billion in the same period of the previous year.
The bank’s net profit increased by 4.32 per cent to Rs 12.74 crore. The bank had posted a net profit of Rs 12.21 crore in the first quarter of the previous year.
The net profit increased after the impairment charge fell by about 22 percent to Rs 92.94 crore. Last year, such charges were Rs 1.18 billion. The operating profit of the bank has decreased by 16.5 percent.
Similarly, the non-performing loan ratio of the bank has increased from 6.99 percent to 9.81 percent. As of the first quarter, the bank collected deposits of Rs 341.84 billion and disbursed loans of Rs 191.20 billion.
The bank has a paid-up capital of Rs 14.91 billion and a reserve fund of Rs 26.21 billion. Earnings per share is Rs 3.35 and net worth per share is Rs 172.53 crore.
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