Nabil Bank Limited (NABIL) has continued to show outstanding progress in the fourth quarter (Q4) of the last FY 2073/74. The bank has registered a net profit rise of 28.43 percent in the fourth quarter.
Publishing the unaudited quarterly report for the fourth quarter today, the commercial bank has net profit of Rs. 3.62 arba in the Q4, up from Rs. 2.81 arba in the corresponding quarter of fiscal year 2072/73.
Nabil Bank has a paid up capital of Rs 6.18 arba. Its reserve and surplus increased by massive 47.48 percent to Rs 9.03 arba in Q4 of the fiscal year 2073/74 from Rs 6.12 arba in corresponding quarter.
As per its capital plan, NABIL intends to reach the minimum paid up capital requirement by issuing 30% bonus shares. After the issuance of 30% bonus, its paid up capital will reach Rs 8.03 arba.
The commercial bank’s net interest income surged to Rs 5.45 arba in the fourth quarter compared to Rs 4.32 arba of the corresponding quarter of the previous fiscal year. Its CCD ratio stands at a tight 75.62%.
Nabil Bank has collected Rs.1.18 kharba in deposits and mobilized Rs. 91.49 arba in loans in the fourth quarter of 2073/74 .The deposit and loan was Rs 1.10 kharba and Rs 77.73 arba respectively in the corresponding quarter of fiscal year 2072/73.
The bank has an operating profit of Rs 5.46 arba in Q4 compared to Rs 4.34 arba in the corresponding quarter of the previous fiscal year.
The bank’s non-performing loan (NPL) has declined to 0.79 percent in Q4 from 1.14 percent in the same quarter of previous year.
NABIL’s earning per share (EPS) remains at Rs 58.54 in Q4. Likewise, its net worth per share stands at Rs.246 and P/E ratio is 26.02 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
6,185,507 |
4,756,570 |
30.04 |
| Reserve and Surplus |
9,030,340 |
6,123,004 |
47.48 |
| Deposits |
118,896,157 |
110,267,272 |
7.83 |
| Loans and Advances |
91,491,252 |
77,730,402 |
17.70 |
| Net Interest Income |
5,459,501 |
4,325,971 |
26.20 |
| Provision |
19,351 |
5,076 |
281.23 |
| Write Back |
42,969 |
52,151 |
(17.61) |
| Operating Profit |
5,464,556 |
4,344,448 |
25.78 |
| Net Profit |
3,620,822 |
2,819,334 |
28.43 |
| Capital Adequacy Ratio (%) |
13.34 |
11.73 |
13.73 |
| NPL (%) |
0.79 |
1.14 |
(30.70) |
| Base Rate (%) |
6.61 |
4.17 |
58.51 |
| Cost of Fund (%) |
2.70 |
2.08 |
29.81 |
| CD Ratio (as per NRB) )%) |
75.62 |
73.84 |
2.41 |
| EPS (Annualized) |
58.54 |
59.27 |
(1.24) |
| Networth Per Share |
245.99 |
228.73 |
7.55 |
| P/E Ratio |
26.02 |
39.55 |
(34.21) |
