Despite increment in major profitability indicators of Nepal Bank in Q2, bank reported slight decline in net profit
Wed, Jan 27, 2021 9:45 AM on Company Analysis, Latest,
Nepal Bank Limited (NBL) has published its second-quarter report for the FY 2077/78 with a meager decline in net profit by 0.15%.
The bank’s profit has decreased to Rs. 1.35 Arba compared to corresponding quarter of previous year. In the same quarter, the bank has Rs. 67.82 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 5.27% (compared to the immediate previous year ending) to Rs 1.48 kharba and loans and advances to customers have increased by 12.88% (compared to the immediate previous year ending) to Rs 1.16 kharba in the second quarter. The net interest income of the bank has increased by 8.24% to Rs 2.97 arba from Rs 2.74 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs. 12.63 arba with Rs. 19.35 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has increased to 2.88% from 2.66%.
In the second quarter, the annualized EPS of the bank stands at Rs 21.37. The net worth per share stands at Rs 253.18 and the qtr end PE ratio stands at 17.12 times.
Major Highlights:
|
Particulars |
Nepal Bank Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Share Capital |
12,636,758.62 |
11,282,820.20 |
12.00% |
|
Reserve & Surplus |
19,356,662.13 |
18,748,171.34 |
3.25% |
|
Loans and Advances |
116,610,670.81 |
103,303,752.46 |
12.88% |
|
Deposit from Customers |
148,994,868.82 |
141,530,380.57 |
5.27% |
|
Net Interest Income |
2,971,398.79 |
2,745,079.71 |
8.24% |
|
Impairment charge/(Reversal) for loans |
-45,136.85 |
149,632.14 |
- |
|
Operating Profit |
2,046,222.86 |
1,734,641.66 |
17.96% |
|
Net Profit |
1,350,423.10 |
1,352,396.86 |
-0.15% |
|
Capital Adequacy Ratio (CAR) |
16.13% |
17.41% |
- |
|
Non-performing Loan (%) |
2.88% |
2.66% |
- |
|
Cost of Funds (%) |
3.57% |
5.19% |
- |
|
Base Rate (%) |
6.19% |
7.82% |
- |
|
CCD Ratio (as per NRB Directives) |
69.49% |
74.93% |
- |
|
Annualized EPS (Rs.) |
21.37 |
23.97 |
- |
|
Net Worth per share (Rs.) |
253.18 |
266.17 |
- |
|
Price to Earnings (Times) |
17.12 |
- |
- |
|
Price to Book (Times) |
1.45 |
- |
- |
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