Nabil Bank Q1 earning surges to Rs 66.38 crore, rise by 30.03%

Nabil Bank Limited (NABIL) has posted a net profit of Rs 66.38 crore for the first quarter of the fiscal year 2072/73. The net profit increased by 30.03 % as compared to the corresponding quarter of the last fiscal year. As per the unaudited financial report published today, the commercial bank has reported an operating profit of Rs 87.71 crore in Q1 increasing from Rs 79.43 crore in the corresponding quarter of the previous fiscal year. The commercial bank’s net interest income decreased to Rs 90 crore in Q1 from Rs 92.54 crore in the corresponding quarter of the previous fiscal year. Nabil Bank has a paid up capital of Rs 4.75arba in Q1 with reserve and surplus of Rs 5.40 arba. Its NPL dropped to 0.30 % from 0.41% in Q1. NABIL’s Earning Per Share (annualized) stood at Rs 33.13 and Net worth remains at Rs 278.