Nabil Bank’s profit surges to Rs 1.12 billion in Q2; maintain top position
Tue, Feb 3, 2015 12:00 AM on Financial Analysis,
ShareSansar, February 3:
Nabil Bank Ltd. (NABIL) profit has risen by Rs 5.12 percent in the second quarter of the current fiscal year 2071/72.
Publishing the unaudited financial quarterly report today, the bank stated that its net profit jumped to Rs 1.12 arba, up from Rs 1.06 arba in the corresponding period of the previous fiscal year 2070/71.
Net interest income of the bank increased to Rs 1.82 arba, up from Rs 1.81 arba in the previous year.
The bank mobilized Rs 88.45 arba in deposit and extended a total of Rs 64.69 arba on loan in last fiscal year. It had mobilized Rs 68.86 arba in deposit and Rs 51.39 arba in loan in the previous fiscal year.
The bank managed to write back only Rs 3.49 lakh from the amount earlier provisioned for the possible loss. It also provisioned Rs 13.70 crore for the possible loss.
Nabil Bank’s annualized EPS is at Rs 61.50, while its P/E ratio stands at 30.39 times and its net worth per share at Rs 240.
The bank non performing loan stands at 2.10 percent and capital adequacy ratio stands at 11.48 percent.
