Nepal Infrastructure Bank Limited (NIFRA) has reported a decline in net profit by the end of the second quarter of the current fiscal year. According to the bank’s unaudited financial statement, net profit decreased by 36.15 percent compared to the same period of the previous fiscal year.
During the first six months of the current fiscal year, NIFRA earned a net profit of NPR 409.9 million, down from NPR 641.9 million recorded in the corresponding period last year.
The bank’s net interest income declined by 29.09 percent to NPR 740.72 million by mid-January. However, net fee and commission income showed a positive trend, increasing by 4.51 percent to NPR 15.19 million.
Total operating income during the review period fell by 28.62 percent to NPR 755.91 million, while operating profit declined by 36.04 percent to NPR 586.59 million. Distributable profit also dropped by 33.37 percent to NPR 347.8 million.
As a result, earnings per share (EPS) decreased by NPR 2.15 to NPR 3.80. As of mid-January, the bank’s net worth per share stood at NPR 114.75, while the price–earnings ratio was recorded at 68.46 times.
With a paid-up capital of NPR 21.60 billion, NIFRA has accumulated reserves of NPR 3.18 billion. By mid-January, the bank had mobilized deposits worth NPR 8.11 billion and extended loans amounting to NPR 27.41 billion, reflecting its continued role in infrastructure financing despite short-term profit pressure.
