Nabil Bank profit decline by 6.20% to Rs 2.04 arba in Q2 due to fall in net interest income and rise in personnel expenses

Nabil Bank Limited (NABIL) has published its second quarter report for the FY 2076/77 today with a 6.20% fall in net profit. The bank’s profit has decreased from Rs 2.17 arba in the second quarter of the fiscal year 2075/76 to Rs 2.04 arba in the second quarter of the fiscal year 2076/77. The fall in net profit is mainly due to decline in net interest income and rise in staff expenses.

In the same quarter, the bank has Rs 1.45 arba as distributable profit after PL Appropriation and Regulatory Adjustments.

The bank’s deposit from customers has increased by meager 0.84% (compared to immediate previous year ending) to Rs 1.64 kharba and loans and advances to customers increased by 10.90% (compared to immediate previous year ending) to Rs 1.41 kharba till the second quarter. The net interest income (core business income) of the bank has decreased by 4.42% to Rs 3.45 arba from Rs 3.61 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 10.09 arba with Rs 13.80 arba as its reserve and surplus. The Non-performing loan stands at 0.75%.

In the second quarter, the annualized EPS of the bank stands at Rs 40.44. The net worth per share stands at Rs 236.68 and qtr end PE ratio stands at 18.05 times.

Click here for Q2 report:

Major Highlights:

 * Figure are of Immediate Previous Year Ending (Audited)

 * 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 Q2 end paid up capital.