Kathmandu. NIC Asia Bank’s net profit has declined till mid-January of the current FY.

The bank has earned a net profit of Rs 13.11 crore in the same period of the current FY, up from Rs 15.17 crore in the same period last FY. The profit was 13.54 percent lower than the corresponding period of the previous FY.

During this period, the bank’s net interest income, operating profit decreased while the bank’s profit decreased due to increase in impairment charge. The bank’s net interest income decreased by 15.87 percent to Rs 4.36 billion. Similarly, operating profit declined by 42.16 percent to Rs 197.77 million.

During the period, the bank’s impairment charge increased from Rs 2.35 billion to Rs 2.43 billion. The distributable profit of the bank stood at Rs 7.39 billion.

The bank has a paid-up capital of Rs 14.91 billion and reserve fund of Rs 14.66 billion. The bank collected deposit of Rs 327.50 billion and extended loan of Rs 209.31 billion. The NPL of the bank has increased from 4.61 percent to 7.47 percent. The bank’s earnings per share declined by 0.28 paise to Rs 1.76 and net worth per share stood at Rs 198.33.