Kathmandu. Nepal Infrastructure Bank (NIFRA) has published its financial statements for the fourth quarter of the last fiscal year. The bank has earned a net profit of Rs 98.73 crore in the review period. The profit of the bank decreased by 19.98 percent compared to the same period of the previous year. The bank had posted a net profit of Rs 1.23 billion in the same period last year.

The bank’s net interest income was Rs 1.90 billion in the review period of the previous fiscal year. It decreased by 89 percent to Rs 1.44 billion. Due to the increase in the cost of deposit and loan instruments, the interest expense of the bank increased from Rs 56.91 crore to Rs 97.73 crore.

The bank has been able to reverse the impairment charge of Rs 21.27 crore in the last FY.

The bank with Rs 21.60 billion in paid-up capital has reserve fund of Rs 3.71 billion as of the review period.

The bank’s earnings per share (EPS) has also declined due to the decline in profit. EPS fell to Rs 4.57 from Rs 5.71 a year ago. The bank has a price-to-earnings ratio of 53.73 times and a net worth per share of Rs 117.22.

However, there has been an increase in both deposits and loans of banks. Deposits have increased by 1.94 per cent to Rs 7.83 billion and loan disbursement has increased by 25.96 per cent to Rs 31.42 billion in the review period. In the same period of the previous year, the bank’s deposit stood at Rs 7.68 billion and loan stood at Rs 24.94 billion.