Modest profit growth of Nabil Bank by 21.42% to Rs 80.60 crore in Q1; Reserve remains at Rs 6.24 arba

Nabil Bank Limited (NABIL) has posted a modest net profit increment by 21.42 % in first quarter (Q1) of the current fiscal year 2073/74.The commercial bank has earned Rs. 80.60 crore in the first quarter of current fiscal year from Rs.66.38 crore in the corresponding quarter of the previous fiscal year. Publishing the unaudited financial report for Q1 today, the commercial bank’s net interest income increased to Rs 1.28 arba up from Rs 90.01 crore in the corresponding quarter of the previous fiscal year. Nabil Bank’s paid up capital remains at Rs. 6.18 arba and has a reserve of Rs 6.24 arba. The commercial bank has deposit collection of Rs 1.20 kharba in Q1.The figure stood at Rs 1.09 kharba in the corresponding quarter of the previous fiscal year. It has disbursed loans of Rs.83.54 arba. The bank had extended loan of Rs 67.43 arba in the corresponding quarter of the previous fiscal year. The commercial bank has an operating profit of Rs.1.20 arba increasing from Rs 87.71 arba of the corresponding quarter previous fiscal year. Its non-performing loan increased to 1.09% in Q1 from 1.54 % of the previous year corresponding quarter. Its Annualized Earning per Share is at Rs 51.16, net worth per share at Rs 201 and PE ratio is 34.60.times.