Nabil Bank Q4 financials: net profit crosses Rs 4 arba with meager growth of 7.84% and has 35% dividend distribution capacity

Wed, Aug 14, 2019 6:24 AM on Financial Analysis, Latest, Stock Market,
Nabil Bank...

Nabil Bank Limited (NABIL) has published a strong fourth quarter report for FY 2075/76 with stagnant growth of 7.84% in net profit.

Nabil Bank profit has increased from Rs 3.98 arba in the fourth quarter of the fiscal year 2074/75 to Rs 4.29 arba in the fourth quarter of the fiscal year 2075/76.

The bank’s deposit from customers increased by 21.93% to Rs 1.64 kharba and also loans and advances to customers rises by 18.54% to Rs 1.29 kharba till the fourth quarter. The net interest income (core business income) of the bank has increased by 17.15% to Rs 7.33 arba from Rs 6.26 arba of the corresponding quarter.

In the same quarter, the bank has Rs 3.18 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. This means Nabil Bank can distribute maximum 35% (approx.) dividend from this year profit if other regulatory requirements are not required.

The bank’s paid up capital stands at Rs 9.01 arba with Rs 14.24 arba as its reserve and surplus. The Non-Performing Loan (NPL) of the bank stands at 0.74% which was 0.55% in corresponding quarter.

In the fourth quarter, the EPS of the bank stands at Rs 47.65. The net worth per share stands at Rs 258.06 and the quarter end PE ratio stands at 16.79 times.

Click here for Q4 report:

Major Highlights:

Particulars (In Rs '000)

Nabil Bank

Q4 2075/76

Q4 2074/75

Difference

Paid Up Capital

9,011,845

8,043,221

12.04%

Share Premium

74

74

 

Retained Earnings

4,912,080

3,254,811

50.92%

Reserves

9,332,324

9,288,252

0.47%

Deposits from Customers

164,373,042

134,810,670

21.93%

Loans & Advances to customers

129,284,327

109,059,365

18.54%

Net Interest Income

7,336,035

6,262,059

17.15%

Impairment Charge/(Reversal)

387,879

175,858

-

Personnel Expenses

2,096,075

1,727,709

21.32%

Operating Profit

6,082,323

5,652,961

7.60%

Profit/(Loss) for the Year

4,294,181

3,981,893

7.84%

Total Comprehensive Income

4,420,226

3,923,305

12.67%

Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments

3,184,640

-

-

Capital Adequacy Ratio (CAR)

12.71

13.00

-2.23%

NPL

0.74

0.55

34.55%

CCD (as per NRB Directives)

72.9

74.68

-2.38%

Cost of Fund (%)

6.13

4.75

29.05%

Base Rate (%)

8.09

7.78

3.98%

EPS (In Rs.)

47.65

49.51

-3.75%

Net Worth per Share (In Rs.)

258.06

255.95

0.83%

Qtr End PE Ratio (times)

16.79

-

-