•      Fri Jun 21 2024

Nabil Bank: Q3 earning reach Rs 5.11 Arba, NPL at 3.87%

Kathmandu, April 20: The Nabil Bank Limited (NABIL), a private sector bank of Nepal, has published a third-quarter report for FY 2079/80 BS with 52.63% growth in net profit.

The bank’s profit has increased from Rs. 3.35 Arba in the third quarter of the fiscal year 2078/79 BS to Rs 5.11 Arba in the third quarter of the fiscal year 2079/80 BS. In the same quarter, the bank has Rs 1.77 Arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders.

The existing capital adequacy of Nabil Bank is 12.34% and the Credit to Deposit (CD) ratio of the bank is 87.68%.

The bank has deposits from customers of Rs 3.63 Kharba and loans and advances to customers stand at Rs 3.23 Kharba until the third quarter. The net interest income of the bank has increased by 83.62% to Rs 12.10 Arba from Rs 6.59 arba in the corresponding quarter.

For the third quarter, the impairment charges (provision for possible losses) have increased by 445.72% to stand at a massive Rs. 3.33 arba, which has affected the profitability of the company for this period. The non-performing loan (NPL) of the company has also increased to 3.87% from 1.14%.

The bank’s paid-up capital stands at Rs 27.05 Arba with Rs 27.34 Arba as its reserve and surplus.

Till this quarter, the Interest Amount yet to be recovered was at Rs 1.82 Arba whereas the same amount stands at Rs 27.30 crore in the corresponding quarter.

In the third quarter, the annualized EPS of the bank stands at Rs 25.21. The net worth per share stands at Rs 201.07 and PE ratio stands at 24.55 times. (sharesansar.com)