Nabil Bank Limited (NABIL) has continued to show outstanding progress in the third quarter of the FY 2073/74.
As per the unaudited financial report, its net profit has surged by 30.76% as compared to last year’s report. Its net profit now stands at a whopping Rs 2.68 arba. Its operating income has also increased by 35.24% to Rs 4.10 arba.
As of Q3, Nabil Bank’s deposit base stands at a staggering Rs 1.17 kharba. Out of this, it has floated loans of Rs 90.55 arba. With 28% increase in floated loans, it has been able to increase its net interest income by 34.44% to Rs 4.08 arba. Its CCD ratio stands at a tight 79.75%.
Its paid up capital now stands at Rs 6.18 arba with a reserve of Rs 8.09 arba. Despite the liquidity situation last quarter, its cost of deposits did not increase significantly. Currently, the cost of fund stands at just 2.28% (one of the lowest among commercial banks).
Its annualized EPS has now reached Rs 57.85, net worth per share at Rs 230.84 with P/E ratio of 27.31. Nabil Bank distributed 30% bonus share and 15% cash dividend to its shareholders from the profits it earned in FY 2072/73.
As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba by the end of FY 2073/74, NABIL should further increase its capital by Rs 1.82 arba (around 30%).
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
6,185,507 |
4,756,570 |
30.04% |
| Reserve and Surplus |
8,093,259 |
6,783,006 |
19.32% |
| Deposits |
117,059,623 |
113,316,934 |
3.30% |
| Loans and Advances |
90,554,767 |
70,744,859 |
28.00% |
| Net Interest Income |
4,081,821 |
3,036,273 |
34.44% |
| Provision |
30,362 |
3,735 |
712.90% |
| Write Back |
514 |
113,102 |
-99.55% |
| Operating Profit |
4,100,906 |
3,032,364 |
35.24% |
| Net Profit |
2,683,740 |
2,052,365 |
30.76% |
| Capital Adequacy Ratio |
12.84% |
12.75% |
- |
| NPL |
0.95% |
1.49% |
-36.24% |
| Cost of Fund |
2.28% |
2.23% |
|
| CD Ratio (as per NRB) |
79.75% |
67.23% |
- |
| EPS (Annualized) |
57.85 |
57.53 |
0.56% |
| PE Ratio |
27.31 |
|
|
| Networth Per Share |
230.84 |
|
|
