Nepal Infrastructure Bank Limited (NIFRA) has announced its fourth-quarter financial results for the fiscal year 2080/81, revealing a 5.98% decline in net profit. The bank’s net profit fell to Rs. 1.33 Arba, down from Rs. 1.41 Arba in the same quarter of the previous year.
Despite the drop in profits, NIFRA’s financial foundation remains strong, with a total paid-up capital of Rs. 21.6 Arba and reserves and surplus totaling Rs. 2.95 Arba.
Analyzing the bank’s core operations, customer deposits stand at Rs. 82.98 crores, while loans and advances have reached Rs. 20.86 Arba. A significant reduction in impairment charges was observed, decreasing by 12.55%.
The bank’s key revenue indicators showed a 6.47% decrease in net interest income, amounting to Rs. 2.54 Arba this quarter. Personnel expenses decreased by 9.38%, and operating profit saw a notable decline of 5.87%, falling to Rs. 1.9 Arba.
For the fourth quarter, NIFRA reported an Earnings Per Share (EPS) of Rs. 6.16, with a net worth per share at Rs. 11