Nepal Bank Limited (NBL) has posted decrease in net profit by 16.70% in the first quarter (Q1) of the FY 2074/75.
As per the unaudited financial report, its net profit now stands at Rs 97.13 crore.Its operating income has increased by 52.02 % to Rs 72.82 crore.
Nepal Bank has a paid up capital of Rs 8.04 arba. Its reserve has surges by massive 210.16 % to Rs 4.75 arba in Q1.
As of Q1, Nepal Bank’s deposit base stands at a staggering Rs 92.72 arba. Out of this, it has floated loans of Rs 73.69 arba.
The bank’s non-performing loan (NPL) increased to 3.42 percent in Q1 from 3.10 percent in the corresponding quarter.
NBL’s earning per share (EPS) stand at Rs 48.03, net worth per share is at Rs.159.18, price earnings ratio (P/E) at 28.97 times.
Nepal Bank had issued 100:23.74 (23.74%) right shares to its existing shareholders.
Major Highlights:
| Particulars (In Rs '000) |
Nepal Bank (NBL) |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
8,042,662 |
6,499,478 |
23.74% |
| Reserve & Surplus |
4,759,372 |
1,534,512 |
210.16% |
| Deposits |
92,720,739 |
86,223,772 |
7.54% |
| Borrowings |
16,162 |
- |
#DIV/0! |
| Loans & Advances |
73,695,712 |
66,031,270 |
11.61% |
| Net Interest Income |
1,394,025 |
1,174,379 |
18.70% |
| Provision for possible losses |
229,951 |
179,359 |
28.21% |
| Operating Profit |
728,223 |
479,016 |
52.02% |
| Net Profit |
971,318 |
1,166,084 |
-16.70% |
| NPL (%) |
3.42 |
3.1 |
10.32% |
| Annualized EPS (In Rs.) |
48.31 |
71.76 |
-32.69% |
| Net Worth per Share (In Rs.) |
159.18 |
123.61 |
28.77% |
| P/E Ratio (In times) |
28.97 |
- |
- |
