NIC Asia bank has reported decline in net profit by 18.51% in the third quarter of fiscal year 2074/75.
As per the report, the commercial bank has posted net profit of Rs. 92.67 crore from 1.13 arba in the corresponding quarter of last fiscal year.
During the period, the bank has collected deposit of Rs.1.33 kharba & disbursed in loan & advance of Rs.1.09 kharba.
Net interest income increased to Rs.2.65 arba in the Q3 from Rs.1.84 arba in the corresponding quarter of last year. Operating profit decreased by 8.86%.
Its paid up capital is Rs. 8.03 arba with reserves of Rs.3.01 arba.
Its non-performing loans stand at 0.22 percent.
Annualized earning per share stands at Rs. 15.40, net worth per share is Rs. 137.58 & PE raito stands at 20.97 times.
Major indictors
Cost of fund: 7.84%
CD ratio: 78.16%
Return on Equity: 12.15%
Return on Assets: 1.02%
