NABIL Bank's posted 18.45% & 84.90% growth in net profit & Reserves in 6 months; EPS and networth stands at Rs 54.28 & Rs 280.57

Nabil Bank Limited (NABIL) has reported 18.45% growth in net profit in the published 2nd quarterly report of this fiscal year.

The bank’s profit has increased from 1.83 arba in the second quarter of last fiscal year 2074/75 to Rs 2.17 arba in the same quarter of the current fiscal year.

As per the Q2 report, the bank has Rs 2.04 arba as Free Profit after Regulatory Adjustments which can be distributed as dividends to the shareholders.

The bank’s deposit has increased by 23.16% to Rs 1.49 kharba and loans and advances have also increased by 26.97% to Rs 1.30 kharba in the second quarter of the current fiscal year.

The net interest income of the bank has increased to Rs 3.61 arba from Rs 2.93 arba of the corresponding quarter last year.

The bank’s paid-up capital stands at Rs 8.04 arba with Rs 14.52 arba as its reserve as of the second quarter of FY 2075/76. The reserves and surplus has increased by almost 85% compared to the corresponding quarter of last fiscal year.

The Non-Performing Loan (NPL) has also decreased massively by 45% to 0.62% in this second quarter of FY 75/76 from 1.13%

In the second quarter, the EPS of the bank stands at Rs 54.28. The net worth per share stands at Rs 280.57. The reported P/E of the bank is 15.40 times.

Major Highlights of the Q2:

The bank has already proposed 12% bonus shares and 22% cash dividend for the FY 2074/75. The decision of the bank is subject to approval from Nepal Rastra Bank and upcoming AGM of the bank.