Kathmandu. Nepal Investment Mega Bank (NIBL) has earned a net profit of Rs 1.61 billion in the first six months of the current FY.

The profit was 43.04 percent lower than the corresponding period of the previous year. The bank had posted a net profit of Rs 2.83 billion in the same quarter last year.

During this period, the bank’s net interest income and operating profit declined. As a result, the profit has decreased. The bank’s net interest income stood at Rs 7.36 billion as of mid-January last year. In the same period of the current fiscal year, it decreased by 12.83 percent to Rs 6.42 billion.

Similarly, the operating profit of the bank has decreased. In the second quarter of the last FY, it was Rs 4.04 billion, which decreased to Rs 2.40 billion in the same period of the current fiscal year.

The bank’s earnings per share declined from Rs 16.60 to Rs 9.45 and net worth per share stood at Rs 194.77. The NPL of the bank has increased from 5.86 percent to 7.90 percent.

The bank has a paid-up capital of Rs 34.12 billion and reserve fund of Rs 35.96 billion. The bank collected deposit of Rs 519.10 billion and extended loan of Rs 328.16 billion.