Nabil Bank’s profit surges by Rs 10.09 crore, writes back Rs 1.47 crore
Thu, Aug 14, 2014 12:00 AM on Others,
ShareSansar, August 14:
Nabil Bank Ltd profit has risen by Rs 10.09 crore in the fourth quarter of the last fiscal year 2070/71.
Publishing the unaudited financial quarterly report today, the bank stated that its net profit jumped to Rs 2.32 arba in last fiscal year, up from Rs 2.23 arba in the corresponding period of the previous fiscal year 2069/70.
Net interest income of the bank increased to Rs 3.69 arba, up from Rs 3.52 in the previous year.
The bank mobilized Rs 75.36 arba in deposit and extended a total of Rs 56.19 arba on loan in last fiscal year.
It had mobilized Rs 63.61 arba in deposit and Rs 47.65 in loan in the previous fiscal year.
The bank managed to write back Rs 1.47 crore from the amount earlier provisioned for the possible loss.
It also provisioned Rs 23.79 crore for the possible loss.
There was a marginal increase in the Non-performing loan (NPL) of the bank.It went up to 2.23 percent from 2.13 percent in the previous year.
Nabil Bank’s annualized EPS is at Rs 83.68, while its P/E ratio stands at 30.29 times and its net worth per share at Rs 296.
