Kathmandu. NIC ASIA Bank has earned a net profit of Rs 14.03 crore in the third quarter of the current FY.

It was 10.49 percent lower than the same period last year. The bank had posted a net profit of Rs 15.67 crore in the same quarter last year.

The bank’s net interest income and operating profit declined due to the decline in profit. The bank’s net interest income declined by 20.78 percent to Rs 6.30 billion and operating profit by 47.86 percent to Rs 672.9 million. During the period, the bank’s impairment charge decreased from Rs 3.05 billion to Rs 2.91 billion.

The distributable profit of the bank stood at Rs 13.65 billion. The bank has EPS of Rs 1.25 and net worth per share of Rs 172.97.

The bank has a paid-up capital of Rs 14.91 billion and reserve fund of Rs 10.88 billion. The bank collected deposit of Rs 334.37 billion and extended loan of Rs 201.34 billion.