Know the Q1 major financial indicators of leading banks Nabil and NIC Asia; both bank's are in billionaire club

Profit and Distributable Profit

Nabil Bank Limited (Nabil) and NIC Asia Bank Limited (NICA) has published its first quarter report for the FY 2076/77. Nabil earns Rs 1.12 arba whereas NIC Asia earns Rs 1 arba. Similarly, Nabil and NIC Asia has Rs 74.22 crore and Rs 44.84 crore as distributable profit after PL Appropriation and Regulatory Adjustments.

Deposits from customers and Loans & Advance to Customers:

Nabil Bank's deposit from customers stands at Rs 1.72 kharba whereas loans and advances to customers stands Rs 1.35 kharba in the first quarter. Similarly, NIC Asia Bank's deposit from customers stands at Rs 1.79 kharba whereas loans and advances to customers stands Rs 1.54 kharba in the first quarter.

Net Interest Income and Operating Profit:

The net interest income (core business income) of the Nabil Bank is Rs 1.91 arba whereas NIC Asia Bank's net interest income stands at Rs 1.84 arba. Similarly, Nabil Bank's operating profit stands at Rs 1.60 arba whereas NIC Asia Bank's has Rs 1.42 arba as operating profit.

Share Capital, Premium, Retained Earnings and Reserves:

Nabil Bank's share capital stands at Rs 9.01 arba (FY 75/76, 12% bonus shares yet to be adjusted in Q1 report) whereas NIC Asia Bank's capital stands at Rs 9.71 arba (FY 75/76, 10% bonus already adjusted in Q1 report).

Nabil Bank has Rs 4.75 arba in retained earnings whereas NIC Asia has Rs 70.13 crores. Similarly, Nabil Bank's reserves stands at Rs 10.57 arba whereas NIC Asia reserve stands at Rs 4.50 arba.

Major Highlights:

* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q1 end paid up capital.

Non Performing Loan (NPL):

Both banks non performing loan is at below 1%. Nabil Bank's NP is 0.65% where as NIC Asia NPL stands at 0.45%.

Annualized EPS, Net Worth and PE Ratio:

Nabil Bank's annualized earning per shares stands at Rs 49.87 whereas NIC Asia Bank's is Rs 41.56. Similarly, Nabil Bank's net worth per share is Rs 270.20 whereas NIC Asia Bank's net worth per share is Rs 153.61.

Nabil Bank's share is traded at PE of 15.24 times at the end of quarter end whereas NIC Asia Bank's is at 9.29 times.

Base Rate:

Nabil Bank's has lower base rate than NIC Asia Bank. NABIL base rate stands at 7.94% whereas NICA base rate is at 9.51%.