First quarter net profits of Nepal Bangladesh Bank increase to Rs.40.25 Crore; deposits fall slightly as loans increase by 6%

Fri, Nov 15, 2019 11:48 AM on Financial Analysis, Latest,

Nepal Bangladesh Bank Limited (NBB) has reported 33.32% rise in the net profit in the first quarter of the fiscal year 2076/77.

The bank’s profit has increased from Rs.30.19 Crore in the first quarter of the fiscal year 2075/76 to Rs.40.25 Crore in the first quarter of the fiscal year 2076/77. In the first quarter of the FY 2076/77, the bank has Rs.14.86 Crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.

The bank’s deposit has fallen to Rs.59.37 Arba from Rs.59.76 Arba, however loans and advances have also increased by 6.34% to Rs.55.85 Arba in the first quarter.

The net interest income of the bank has increased to Rs.74.79 Crore from Rs.69.03 Crore of the corresponding quarter.

The bank’s paid up capital stands at Rs.8.08 Arba with Rs.3.54 Arba as its reserve.

The Non-Performing Loan (NPL) has also increased to 1.97% from corresponding year’s 1.55%.

In the first quarter, the EPS of the bank stands at Rs.19.91. The net worth per share stands at Rs.158.34 while the PE ratio stood at 10.25 times by the end of the first quarter.