Kathmandu. Himalayan Bank’s net profit declines.

The bank’s net profit declined by 3.24 percent to Rs 70.28 crore as of mid-October of the current FY. It was Rs 72.64 crore in the same period last year.

Although the bank’s net interest income has increased till mid-October, the operating profit has declined significantly. In the first quarter of the last FY, the bank earned a net interest income of Rs 2.50 billion compared to Rs 2.50 billion in the same period of the current FY.

Similarly, the operating profit decreased from Rs 1.81 billion to Rs 1.05 billion. The distributable profit of the bank stood at Rs 7.54 billion as of mid-October.

The bank has a paid-up capital of Rs 22.58 billion and reserve fund of Rs 24.54 billion. The bank collected deposit of Rs 315.11 billion and extended loan of Rs 232.73 billion.

As of mid-October, the bank’s NPA stood at 7.39 percent. It was 4.98 percent in the same period last year. The bank has EPS of Rs 12.45 and net worth per share of Rs 177.63.