Nepal Bangladesh Bank Limited (NBB) has registered 18% increase in its net profit in the third quarter (Q3) of the current fiscal year 2073/74.
According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 82.76 crore in third quarter, up from Rs 70.04 crore in the corresponding quarter of the last fiscal year 2072/73. The operating profit has increased 44% to Rs 1.10 arba from Rs 76.63 crore as compared to the corresponding quarter of last fiscal year.
However, this increase in net profit was not enough to maintain its Earnings Per Share (EPS). Its EPS last year was Rs 30.73 in the same quarter while after the increase in its paid up capital, its EPS has now shrunk to Rs 20.01 only. NBB had issued 32% bonus share and is currently issuing 80% right share. Its diluted EPS accounting for 80% right share will be Rs 15.28 only.
NBB’s net interest income has risen a meager 12.11% to Rs 1.09 arba in the third quarter as compared to Rs 97.17 arba in the corresponding quarter last year. Its deposits collection has also increased by only 7.58%. Currently, it has a deposit base of Rs 38.53 arba in Q3 from Rs 35.82 arba in the corresponding period last year.
Likewise, it has also been able to increase its loans by similar figures. Up to the end of Q3, it extended loans and advances of Rs 37.24 arba whereas in the same period last year, the figure stood at Rs 31.38 arba.
Its non-performing loan has decreased to 1.01% in this period.
Its paid up capital now stands at Rs 5.51 arba (including calls in advance for the ongoing 80% right share) with net worth of Rs 151.78 per share.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
5,514,079 |
3,039,211 |
81.43% |
| Reserve and Surplus |
2,855,243 |
2,553,418 |
11.82% |
| Deposits |
38,535,566 |
35,819,564 |
7.58% |
| Loans and Advances |
37,248,904 |
31,388,128 |
18.67% |
| Net Interest Income |
1,089,470 |
971,766 |
12.11% |
| Provision |
194,984 |
286,286 |
- |
| Write Back |
126,672 |
157,910 |
- |
| Operating Profit |
1,104,110 |
766,347 |
44.07% |
| Net Profit |
827,668 |
700,406 |
18.17% |
| Capital Adequacy Ratio |
13.14% |
10.57% |
- |
| NPL |
1.01% |
1.63% |
-38.04% |
| Base Rate |
7.84% |
7.14% |
- |
| Cost of Fund |
4.91% |
4.25% |
|
| CD Ratio (as per NRB) |
72.30% |
78.09% |
- |
| EPS (Annualized) |
20.01 |
30.73 |
-34.87% |
| PE Ratio |
18.00 |
|
|
| Networth Per Share |
151.78 |
|
|
