Nabil Bank’s profit surges to Rs 51 crore, Global IME earns Rs.22.39 crore in Q1

ShareSansar, November 7:

Nabil Bank Ltd profit has surged to Rs.51.01 crore in the first quarter of the FY 2071/72.

Publishing the unaudited financial quarterly report today, the bank stated that its net profit jumped to Rs 51.01 crore, up from Rs 46.47 crore in the corresponding period of the previous fiscal year 2070/71.

Net interest income of the bank increased to Rs. 93 crore, up from Rs.86 crore in the previous year.  

The bank mobilized Rs. 80.50 arba in deposits and extended a total of Rs.61.79 arba on loans and advances in the same period.

It had mobilized Rs. 71.90 arba in deposits and Rs. 48.82 arba in loan in the corresponding quarter last fiscal year.

The bank managed to write back Rs 14.47 lakh from the amount earlier provisioned for the possible loss.

The total provisioned amount for the possible loss is Rs. 14.92 crore during the preiod.

There was a drastic decreased in the Non-performing loan (NPL) of the bank. It came down to 2.1 percent from 3.31 percent in the previous year.  

Nabil Bank’s annualized EPS is at Rs 65.70, while its P/E ratio stands at 35.61 times and its net worth per share at Rs 313.

Similarly, Global IME Bank’s earns net profit of Rs.22.39 crore in the first quarter of the FY 2071/72.

Its Net Interest Income stands at Rs.56.19 crore whereas deposits and loans are Rs. 53.89 arba and Rs. 45.53 arba respectively.

Bank’s operating profit stands at Rs. 33.23 crore and Rs.1.58 crore is set aside for provisioning purpose.

Its NPA is 2.88%, annualized EPS is Rs.17.78 and Net worth is Rs.131.41 per share.