Nabil Bank reported slight decline in net profit in Second Quarter; Look at the major highlights of Q2
Thu, Jan 28, 2021 7:25 AM on Company Analysis, Latest,
Nabil Bank Limited (NABIL) has published its second-quarter report for the FY 2077/2078 with a decline in Net Profit by a meager 1.27%. The bank's net profit has decreased from Rs. 2.04 Arba in the second quarter of FY 2076/2077 to Rs. 2.01 Arba in the second quarter of FY 2077/2078.
The bank reported Rs. 1.84 Arba as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposit from customers increased by 4.90% to Rs. 2.00 kharba (compared to immediate previous year ending) whereas loans and advances to customers increased by 15.18% to Rs. 1.70 kharba (compared to the immediate previous year ending) till the second quarter. The Net Interest Income (core business income) of the bank has decreased by 9.53% to Rs. 3.12 arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 13.48 Arba with Rs. 15.37 Arba in Reserve and surplus. The Non-performing loan (NPL) remained at 0.60%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 29.91 and Net worth per share stood at Rs. 214.08. The company traded at a P/B multiple of 5.29 times.
Major Highlights:
|
Particulars |
Nabil Bank Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Share Capital |
13,480,159.00 |
10,097,497.00 |
33.50% |
|
Reserve & Surplus |
15,378,780.00 |
15,758,161.00 |
-2.41% |
|
Loans and Advances |
170,521,644.00 |
148,054,071.00 |
15.18% |
|
Deposit from Customers |
200,149,429.00 |
190,806,470.00 |
4.90% |
|
Net Interest Income |
3,122,639.00 |
3,451,686.00 |
-9.53% |
|
Impairment charge/(Reversal) for loans |
-139,159.00 |
112,399.00 |
- |
|
Operating Profit |
2,868,577.00 |
2,909,375.00 |
-1.40% |
|
Net Profit |
2,016,023.00 |
2,041,861.00 |
-1.27% |
|
Capital Adequacy Ratio (CAR) |
13.31% |
11.53% |
- |
|
Non-performing Loan (%) |
0.60% |
0.75% |
- |
|
Cost of Funds (%) |
4.29% |
6.02% |
- |
|
Base Rate (%) |
5.76% |
8.10% |
- |
|
CCD Ratio (as per NRB Directives) |
72.39% |
77.28% |
- |
|
Annualized EPS (Rs.) |
29.91 |
40.44 |
- |
|
Net Worth per share (Rs.) |
214.08 |
256.06 |
- |
|
Price to Earnings (Times) |
37.85 |
- |
- |
|
Price to Book (Times) |
5.29 |
- |
- |
