Nabil Bank Reports Satisfactory Growth In Profitablity Indicators In Q2; Company Set To Acquire Nepal Bangladesh Bank
Fri, Jan 21, 2022 7:31 AM on Company Analysis, Latest,
Nabil Bank Limited (NABIL) has published its second-quarter report for the FY 2078/2079 with an increment in Net Profit by 8.20%. The bank's net profit has increased from Rs. 2.01 Arba in the second quarter of FY 2077/2078 to Rs. 2.18 Arba in the second quarter of FY 2078/2079.
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 increased by 4.06% to Rs. 2.32 kharba (compared to the immediate previous year ending) whereas loans and advances to customers increased by 8.68% to Rs. 2.15 kharba (compared to the immediate previous year ending) till the second quarter. The bank's Net Interest Income (core business income) has increased by 35.13% to Rs. 4.21 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 18.49 Arba with Rs. 15.58 Arba in Reserve and surplus. The Non-performing loan (NPL) remained at 1.11%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 23.59 and Net worth per share stood at Rs. 184.28. The company traded at a P/E multiple of 47.06 times.
Nabil Bank Limited recently sealed the deal to acquire Nepal Bangladesh Bank Limited
Major Highlights:
|
Particulars |
Nabil Bank Limited |
||
|---|---|---|---|
|
Q2, 2078/2079 |
Q2, 2077/2078 |
Difference |
|
|
Share Capital |
18,496,187.00 |
13,844,451.00 |
33.60% |
|
Reserve & Surplus |
15,588,611.00 |
20,013,654.00 |
-22.11% |
|
Loans and Advances |
215,206,195.00 |
198,021,418.00 |
8.68% |
|
Deposit from Customers |
232,554,739.00 |
223,474,470.00 |
4.06% |
|
Net Interest Income |
4,219,618.00 |
3,122,639.00 |
35.13% |
|
Impairment charge/(Reversal) for loans |
401,777.00 |
-139,159.00 |
- |
|
Operating Profit |
3,115,389.00 |
2,868,577.00 |
8.60% |
|
Net Profit |
2,181,420.00 |
2,016,023.00 |
8.20% |
|
Capital Adequacy Ratio (CAR) |
13.58% |
13.31% |
- |
|
Non-performing Loan (%) |
1.11% |
0.60% |
- |
|
Cost of Funds (%) |
6.03% |
4.29% |
- |
|
Base Rate (%) |
7.39% |
5.76% |
- |
|
CD Ratio (as per NRB Directives) |
89.49% |
72.39% |
- |
|
Annualized EPS (Rs.) |
23.59 |
29.12 |
- |
|
Net Worth per share (Rs.) |
184.28 |
244.56 |
- |
|
Price to Earnings (Times) |
47.06 |
- |
- |
|
Price to Book (Times) |
6.02 |
- |
- |
