Nabil Bank publishes outstanding Q2 report; stood first in terms of net profit among commercial bank; Net profit figure is Rs 1.83 arba with EPS Rs 45.70

Mon, Jan 29, 2018 11:48 AM on Latest, Financial Analysis, Featured,
Nabil Bank Limited (NABIL) has shown an outstanding performance in its Q2 report of the FY 2074/75. As per the unaudited financial report, its net profit has been reported as Rs 1.83 arba which is 5 percent increase from the previous corresponding period, which was Rs 1.75 arba. Its operating profit has also increased by 4.21 percent to Rs 2.74 arba. As of Q2, the deposit base of NABIL stands at Rs 1.21 kharba and the floated loans amount to Rs 1 kharba. There has been 10 percent rise in the net interest income to Rs 2.93 arba. Its paid-up capital stands at Rs 8.04 arba with massive Rs 7.86 arba in the reserve. Its annualized EPS stands at Rs 45.70 and Net worth per share is Rs 197.66. The P/E ratio of the bank is 23.37 times. The bank distributed 30 percent bonus share and 18 percent cash dividend to its shareholders from the profit of FY 2073/74.   Major Highlights:
Particulars (In Rs '000) NABIL
Q2 2074/75 Q2 2073/74 Difference
Paid Up Capital        8,043,221                       6,183,540 30.07%
Reserve & Surplus        7,855,328                       7,157,463 9.75%
Deposits    121,289,272                   120,813,791 0.39%
Borrowings        2,669,771                       3,554,185 -24.88%
Loans & Advances    100,851,936                     90,300,106 11.69%
Net Interest Income        2,935,645                       2,665,478 10.14%
Provision for possible losses            198,920                             85,604 132.37%
Operating Profit        2,739,135                       2,628,470 4.21%
Net Profit        1,837,784                       1,747,944 5.14%
NPL (%) 1.13 0.9 25.56%
 Annualized EPS (In Rs.)                 45.70                                56.54 -19.17%
Net Worth per Share (In Rs.)              197.66                             215.75 -8.38%
P/E Ratio (In times) 23.37 27.52 -