Kathmandu. Himalayan Bank Limited (HBL) has published its financial results for the second quarter of the current FY. During this period, the bank’s profit has decreased.

The bank has earned a net profit of Rs 1.29 billion till mid-January. This is 15 percent less than the same period last year. The bank had posted a net profit of Rs 1.51 billion in the same quarter last year.

During the review period, the bank’s net interest income decreased by 10.18 percent to Rs 4.70 billion. Similarly, operating profit stood at Rs 1.85 billion from Rs 3.12 billion. The bank’s impairment charge has increased from Rs 18.46 crore to Rs 1,039.2 billion. Due to which the profit of the bank has decreased.

The distributable profit of the bank is negative at Rs 9.07 billion. The bank has a paid-up capital of Rs 22.58 billion and reserve fund of Rs 25.30 billion.

The NPL of the bank has increased from 4.98 percent to 7.96 percent. The bank has EPS of Rs 11.45 and net worth per share of Rs 174.23.